Tata Consumer shares climbed as much as 4.5% to an intraday high of ₹979 on the BSE on October 27, 2026, after the company reported a 16% year-on-year rise in quarterly net profit. The gain followed the results; the available information does not establish what drove the price move.
Key Takeaways
- Consolidated net profit reached ₹469 crore in the July–September quarter of FY27.
- Revenue rose 14% year on year, while EBITDA increased 18%.
- Four brokerages cut their price targets, although each retained or upgraded to a positive rating.
Tata Consumer shares move after earnings
The ₹979 price was the day’s high, not a closing price. Despite the intraday rise, the shares were down more than 20% in 2026 to date.
For the fiscal second quarter, revenue from operations rose to ₹5,661 crore from ₹4,966 crore a year earlier. Consolidated earnings before interest, taxes, depreciation and amortization, or EBITDA, increased to ₹794 crore.
| Item | Details |
|---|---|
| Jefferies | Buy; target cut to ₹1,250 from ₹1,450. |
| Nuvama | Buy; target cut to ₹1,275. The previous target was not specified. |
| Elara Capital | Accumulate; target cut to ₹1,080 from ₹1,290. |
| Systematix | Upgraded to Buy; target cut to ₹1,185 from ₹1,245. |
Brokerages cut targets but retain positive views
Jefferies maintained its Buy rating and said the results were ahead of its estimates despite inflationary pressure in tea and salt. It expects product price increases to help in future. Nuvama Institutional Equities also maintained a Buy rating, describing earnings as in line with its estimates.
Elara Capital reiterated its Accumulate call, while Systematix Institutional Equities upgraded the stock to Buy. The brokerages reduced their targets to reflect earnings-per-share estimate cuts and inflationary pressures.
Growth portfolio and tea demand
The profit increase came despite higher costs and weak tea demand. CEO Sunil D’Souza said strong underlying volume growth in India and disciplined execution supported the company’s second consecutive quarter of double-digit revenue growth in FY27.
Jefferies said the growth portfolio accounted for about 38% of the India business in the quarter. It projected that share would reach about 50% in three years; that is a brokerage forecast, not a company result.
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