The Tata Group is a global conglomerate headquartered in India, with operations in over 100 countries across six continents. In the 2023-24, the combined revenue of Tata companies exceeded $165 billion.
Tata Group comprises 26 publicly listed enterprises with a combined market capitalisation of more than $365 billion as of March 31, 2024.
Below are three prominent Tata Group companies that have recently reported their quarterly sales updates for Q1 FY24-25 in July:
Tata Motors Limited
Tata Motors Limited is a leading global automobile manufacturer of cars, utility vehicles, pick-ups, trucks, and buses, offering an extensive range of integrated, smart, and e-mobility solutions. It is India’s market leader in commercial vehicles and ranks among the top three in the passenger vehicles market.
With a market cap of Rs. 3.32 lakh crore, the shares of a leading global automobile manufacturer surged by 2.2 percent to Rs. 1,016 in the trading session of Monday, as against its previous closing price of Rs. 993.7.
Jaguar Land Rover (UK), a wholly-owned subsidiary of Tata Motors Limited, reported a 5 percent increase in wholesale volumes to 97,755 units in Q1 FY24-25 (excluding the Chery Jaguar Land Rover China JV compared to the same quarter a year ago.
Retail sales grew 9 percent to 111,180 units in the first quarter (including the Chery Jaguar Land Rover China JV) versus the same quarter last year.
Wholesales of Range Rover and Range Rover Sport models increased by 22 percent and 46 percent respectively in Q1 FY24-25 versus the previous year, due to the new body shop increasing production capacity in Solihull, West Midlands.
The most profitable Range Rover, Range Rover Sport and Defender models made up 68 percent of total wholesale volumes, as part of the company’s focus on the value within its Reimagine strategy.
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However, wholesale volumes and retail sales declined by 11 percent and 3 percent respectively, compared to Q4 FY23-24, reflecting the cyclical fluctuation in volumes between Q4 and Q1.
The waiting list for the new Range Rover Electric continues to grow, with over 39,000 clients now signed up. The stock has delivered positive returns of nearly 61.5 percent in one year and around 26.4 percent returns year-to-date.
Titan Company Limited
Titan Company Limited, a joint venture between the Tata Group and the Tamilnadu Industrial Development Corporation (TIDCO), is engaged in the business of manufacturing and sale of watches, jewellery, eyewear, and other accessories and products.
With a market cap of Rs. 2.78 lakh crore, the shares of India’s leading consumer lifestyle Company dipped by 4.3 percent to Rs. 3,128 in the trading session of Monday, as against its previous closing price of Rs. 3,269.3.
The company reported a lower-than-expected 9 percent YoY business growth in Q1 FY24-25. The Akshaya Tritiya week saw double-digit growth in Tanishq’s secondary sales compared to the same period last year, but high gold prices (20 percent growth YoY) impacted consumer demand.
On a year-on-year basis, the Watches & Wearables domestic business grew nearly 14 percent, with Analog seeing around 17 percent growth while wearables declined around 6 percent.
The EyeCare division grew 3 percent YoY, and in emerging businesses, Taneira’s revenue increased 4 percent YoY with 4 new store openings during the quarter.
Caratlane’s business jumped 18 percent YoY, adding 3 new domestic stores in the quarter expanding its network presence to 275 stores pan-India.
The stock has delivered positive returns of nearly 3.3 percent in one year, while around 14.5 percent of negative returns year-to-date.
Tata Steel Limited
Established in 1907 as Asia’s first integrated private steel company, Tata Steel Limited is among the leading global steel companies and is primarily engaged in the business of manufacture and distribution of steel products.
With a market cap of Rs. 2.15 lakh crore, the shares of India’s largest domestic steel producer surged by 0.4 percent to Rs. 175.45 in the trading session of Monday, as against its previous closing price of Rs. 174.75.
In Q1 FY24-25, Tata Steel India’s crude steel production reached 5.25 million tons, indicating a 5 percent YoY growth, however, the production was lower QoQ due to planned maintenance shutdowns.
India deliveries stood at 4.94 million tons and were the best-ever Q1 sales. These deliveries were up 3 percent YoY, driven primarily by a rise in domestic deliveries. The stock has delivered positive returns of nearly 49.8 percent in one year and around 23.4 percent year-to-date.
Written by Shivani Singh
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