India's Tata Consumer jumps to two-year high on upbeat revenue forecast

India’s Tata Consumer Products stock jumped as much as 6.6% to its highest level in over two years on Monday, with analysts backing the Tetley tea maker’s double-digit revenue expansion view in fiscal year 2027.

Shares of the Tata Group firm were up 3.9% at 1,221.9 rupees, as of 11:00 a.m. IST, making it the top percentage gainer on the Nifty FMCG index, which was down 0.1%.

Tata Consumer was among 10 stocks trading in the green on the benchmark Nifty 50 index, which was down 1.2% after Prime Minister Narendra Modi urged Indians to conserve fuel, curb gold purchases and limit overseas travel amid a spike in energy prices linked to the Iran conflict.

The stock was rated “buy” on average by 26 analysts with a median price target of 1,315 rupees, according to data compiled by LSEG.

On Friday, the Tata Salt maker beat quarterly profit estimates for the quarter ended March 31.

CLSA expects the growth trajectory to persist, supported by a stronger go-to-market strategy, faster growth in emerging channels such as e-commerce and quick commerce, which now account for 34% of India revenue, and continued product innovation.

India’s Tata Consumer Products beats profit estimates on branded business growth

Analysts at BoB Capital said they remain constructive on Tata Consumer’s medium-term outlook, expecting the company to deliver sales, EBITDA and earnings compound growth of about 10%, 14% and 18%, respectively, over fiscal 2026–29.

Tata Consumer delivered a broad-based beat, with strong volume-led growth across India beverages and foods, while management guided for further margin expansion, helped by easing tea costs and improving portfolio mix, analysts at Systematix said.