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The Tata Group, a multinational conglomerate headquartered in India, epitomizes innovation, sustainability, and social responsibility. With a diverse portfolio spanning industries like automotive, steel, information technology, and hospitality, Tata Group is renowned globally for its commitment to quality, integrity, and nation-building, embodying the spirit of India’s industrial prowess. 

Here are the Tata Group stocks that announced Q4 Results. 

Tata Consumer Products Ltd 

The shares of the world’s second-largest manufacturer and distributor of tea fell up to 5.4 percent after the company’s net profit decreased by 30 percent QoQ and 27 percent YoY in the fourth quarter. 

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With a market capitalization of Rs 1.07 lakh crore, the shares of Tata Consumer Products Ltd were trading at Rs 1,123.50 apiece, decreasing around 4.24 percent as compared to the previous closing price of Rs 1,173.25 per share. 

Looking into the company’s Performance, Tata Consumer Products Ltd’s revenue increased by 3 percent on a quarter-on-quarter basis from Rs. 3,804 crores in Q3FY24 to Rs.3,927 crores in Q4FY24. Further, revenue increased by 8 percent year on year from Rs. 3,619 crores in Q4FY23 to Rs.3,927 crores in Q4FY24. 

Tata Consumer Products Ltd’s net profit decreased by 30 percent on a quarter-on-quarter basis from Rs.302 crores in Q3FY24 to Rs. 212 crores in Q4FY24. Further, net profit decreased by 27 percent year on year from Rs. 290 crores in Q4FY23 to Rs. 212 crores in Q4FY24. 

According to Goldman Sachs, the company’s India beverages growth slowed, partially owing to the delayed start of summer, and profits were driven by foreign and unbranded business. 

Tata Consumer Products Ltd. is one of the Tata Group’s largest enterprises, operating in the food and beverage industry both in India and throughout the world. It is the world’s second-biggest tea corporation, with a strong presence and leadership in a variety of areas. In addition to South Asia (primarily India), it operates in Canada, the United Kingdom, North America, Australia, Europe, the Middle East, and Africa. 

Tata Elxsi Ltd 

The shares of leading design and technology services providers fell up to 5 percent after the company’s net profit decreased 4.3 percent YoY and 3 percent in the fourth quarter.

With a market capitalization of Rs 44,210.04 crore, the shares of Tata Elxsi Ltd were trading at Rs 7,099.00 apiece, decreasing around 4.24 percent as compared to the previous closing price of Rs 7,393.85 per share. 

Looking into the company’s Performance, Tata Elxsi Ltd’s revenue decreased by 1 percent on a quarter-on-quarter basis from Rs. 914 crores in Q3FY24 to Rs.906 crores in Q4FY24. Further, revenue increased by 8 percent year on year from Rs. 838 crores in Q4FY23 to Rs.906 crores in Q4FY24. 

Tata Elxsi Ltd’s net profit decreased by 4 percent on a quarter-on-quarter basis from Rs.206 crores in Q3FY24 to Rs. 197 crores in Q4FY24. Further, net profit decreased by 3 percent year on year from Rs. 202 crores in Q4FY23 to Rs. 197 crores in Q4FY24. 

Tata Elxsi was hit by its media and communication vertical, which decreased by 4.6% in constant currency (CC) terms in Q4 and had a one-time ramp-down from a customer. While attrition dropped by 50 basis points to 12.4% in Q4 from 12.9% in Q3, the company’s personnel expanded by 178 to complete the year at 13,399. 

Tata Elxsi is a significant global provider of design and technology services in industries such as automotive, media, communications, and healthcare. Tata Elxsi offers comprehensive services ranging from research and strategy to electronics and mechanical design, software development, etc. 

Written by:- Abhishek Singh

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