Tata Consumer Products shares tumbled 9.3% to Rs 991.25 on the NSE after reporting lackluster growth in Q2FY25.
The company posted just a 1% year-on-year rise in net profit to Rs 367 crore. Margins were a concern, with earnings before interest, tax, depreciation, and amortization (Ebitda) at Rs 629 crore, while Ebitda margins shrank by 30 basis points to 14.9%. Investors were disappointed by the weak performance in profit and margin growth, which led to the steep drop in the stock price during Monday’s trading session.