TATACONSUM

– Q1 FY26 Preview

Expect double-digit revenue growth (~8–13% YoY) driven by strong India Foods (salt, spices, Tata Sampann) and beverages segments. Analyst consensus flags 12% YoY PAT growth, though EBITDA margins likely to compress ~250–300 bps YoY, around ~13%—pressures from elevated tea and coffee leaf prices and increased advertising spend.

remains structurally solid—long-term growth intact, but Q1 is a transitional quarter. Watch for guidance on margin recovery and rural demand to signal re-rating catalysts. Disc: Not a buy/sell recommendation