Shares of Tata Consumer Products rose 3.2 per cent on Monday, after a 29 per cent year-on-year increase in consolidated net profit at ₹427 crore for the June quarter.The stock traded at ₹1,100.70 on the NSE at 10.55 am; hit a high of ₹1,123.40 during the session.Revenue rose 12 per cent to ₹5,349 crore, supported by broad-based growth across its India businesses, premiumisation and contributions from recent acquisitions.EBITDA increased 19 per cent to ₹730 crore, while the EBITDA margin expanded 70 basis points to 13.6 per cent.The company signalled the possibility of further price hikes to offset rising raw material costs, while robust growth in newer businesses boosted investor confidence in the outlook.Citi maintained its buy rating but cut the target price to ₹1,400 from ₹1,450. It said strong growth momentum continues and highlighted incremental pricing, strong execution in emerging channels, continued innovation and the scaling-up of growth businesses as key positives. Citi said margins remain the key monitorable.HSBC maintained its buy rating and raised the target price to ₹1,390 from ₹1,380. It said Q1FY27 delivered strong top-line growth despite a sequential margin miss in the India business due to cost inflation. HSBC noted that margin guidance has been maintained and reduced its FY27-FY29 earnings estimates by 2-3 per cent to reflect the first-quarter margin miss.Nomura maintained its buy rating and raised the target price to ₹1,475 from ₹1,450. It said growth businesses continue to outshine and are changing the company’s business mix. The brokerage described the June-quarter performance as broadly in line with consensus estimates.Nomura highlighted management’s guidance of double-digit sales growth and 50-75 basis points operating margin expansion for FY27. It said the core tea and salt business continues to hold up despite headwinds, with management guiding for 5-7 per cent volume growth and 2-4 per cent pricing growth.Morgan Stanley maintained its iverweight rating with a target price of ₹1,351. It said continued top-line growth momentum remains a positive. The brokerage expects tea inflation of around 7-10 per cent, with management likely to take further price hikes to protect margins.Morgan Stanley sees near-term margin improvement through pricing, while US business margin recovery and India cost savings could support the company’s medium-term EBITDA margin aspiration of 17-20 per cent.More Like ThisQ1 Results Today Live: BEL, Coal India, Tata Power, Canara Bank, Indus Towers, Coforge, HUDCO, Godfrey Phillips to announce Q1 results, Tata Consumer, Hindustan Zinc, IDFC First Bank & KFin shares gain, Zen Tech, Shakti Pumps declinePublished on July 27, 2026