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Tata Motors share price gains 2% ahead of Q4 results, brokerages forecast 5-fold jump in EBITDA

Tata Motors share price gains 2% ahead of Q4 results, brokerages forecast 5-fold jump in EBITDA Moneycontrol 2 days ago Sandip Das © Sandip Das Tata Motors share price gains 2% ahead of Q4 results, brokerages forecast 5-fold jump in EBITDA Tata Motors share price gained 2 percent in the morning session on May 18 ahead of its Q4 results to be announced later in the day. Brokerages expect a five-fold jump in earnings before interest, taxes, depreciation, and amortization (EBITDA) on the back of a 40 percent year-on-year (YoY) growth in revenue. The auto major reported a 90 percent rise in standalone volumes (India) to 1.91 lakh units for Q4 FY21 driven by strong passenger vehicle demand and recovery in commercial vehicle demand. Its subsidiary, the UK-based luxury carmaker Jaguar Land Rover, is expected to report a 2 percent YoY decline in volume (excluding China JV) but a 7-8 percent YoY increase (including China JV).

Tata Consumer Products plans to boost direct-to-consumer reach

Tata Consumer Products plans to boost direct-to-consumer reach © Sandip Das Tata Consumer Products plans to boost direct-to-consumer reach Tata Consumer Products (TCPL) is looking for ways to add more of its beverage offerings on a direct-to-consumer platform. Sushant Dash, President, packaged beverages (India, Bangladesh and the Middle East) at TCPL told Mint that the company might add more products and scale its online shopping platform Nutrikorner.com. So, we are looking at that and evaluating the options in terms of how it works for the beverage part of it, said Dash. TCPL, formerly Tata Global Beverages, has products such as Tata Tea, Tetley, Eight O Clock Coffee, Tata Coffee Grand and Himalayan Water in its beverage portfolio.

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