Tata Consumer’s premium valuation needs growth to gather more pace
Tata Consumer Products Ltd’s consolidated EBITDA increased almost 28% year-on-year in the December quarter (Q3FY26) to ₹721 crore, with its margin expanding 140 basis points (bps) to 14.1%. The growth rate looks impressive partly because Q3FY25 profitability had suffered due to high input prices of tea, which were passed on in Q4FY25. The volatility in…