Motilal Oswal has reiterated a Buy rating on Tata Consumer Products Limited with a sum-of-the-parts-based target price of Rs 1,500. The brokerage said Tata Consumer Products Limited is transforming from a tea- and salt-led company into a diversified, innovation-led food and beverage platform, with growth businesses including Tata Sampann, Ready-to-Drink, Tata Soulfull, Tata MyBistro, Capital Foods and Organic India scaling up, launches rising from 41 in FY25 to 80 in FY26, and innovation-to-sales improving to 4.5% in FY26, and it forecasts a 10%/16%/21% CAGR in revenue/EBITDA/PAT over FY26-28.

Tata Consumer Products Limited said its 50:50 joint venture with Starbucks Corporation, Tata Starbucks, will resume aggressive store expansion after an 18-24 month recalibration of store size, capital expenditure and pricing amid softer discretionary spending. Managing Director and CEO Sunil D'Souza said the JV has delivered four successive quarters of same-store sales growth and operates 498 stores at the end of the June quarter across about 80 cities, with plans to increase density in existing cities. Tata Starbucks reported 11% revenue growth in the June quarter and 7% growth to Rs 1,367 crore in FY26 while narrowing its net loss to Rs 98.95 crore.

Tata Consumer Products Limited plans to enter multiple foods and beverages categories over the next 60 days with protein, fibre, prebiotic and probiotic waters and snacks to help consumers supplement intake and manage side effects of GLP-1 weight-loss drugs, according to Managing Director Sunil D'Souza.

Tata Consumer Products Ltd expects double-digit revenue growth in FY27, MD & CEO Sunil D'Souza said, after reporting 12% revenue growth, 19% EBITDA growth and 29% net profit growth in the June quarter. D'Souza said growth is volume-led, with tea and packaged beverages posting 2% volume growth despite a 4% revenue decline, and growth businesses including Tata Sampann, Capital Foods, Organic India, Soulfull and ready-to-drink beverages growing about 47% to nearly 30% of the India business. The company may take calibrated price hikes of up to 4-6% in select categories if commodity, packaging and energy costs persist, having already raised salt prices by Rs 2 to Rs 32.

Tata Consumer Products Ltd reported 13% volume growth for its India business in Q1FY27, noted by SBI Securities. LKP Securities and JM Financial cited Tata Consumer Products Ltd as offering a balanced growth profile and expecting sustained sales momentum in FY27.