Tata Consumer Products Limited has submitted its quarterly compliance certificate under SEBI regulations for the quarter ended March 31, 2026. The filing demonstrates the company's adherence to regulatory requirements regarding securities dematerialization processes.

Regulatory Compliance Certificate

The certificate was filed under Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018. Company Secretary and Compliance Officer Delnaz Dara Harda signed the document on April 7, 2026, confirming compliance with dematerialization requirements.

Securities Processing Confirmation

The certificate confirms that all valid securities certificates received for dematerialization have been mutilated and cancelled after due verification. The name of the depository has been substituted in the company's records as the registered owner within the stipulated timeframe. MUFG Intime India Private Limited, formerly known as Link Intime India Private Limited, serves as the company's Registrar and Transfer Agent and provided confirmation for this compliance filing.

Stock Exchange Listings

Tata Consumer Products Limited's securities are listed on multiple exchanges across India. The dematerialized certificates correspond to securities traded on these platforms, ensuring proper regulatory compliance across all trading venues.

Corporate Information

The filing includes standard corporate details and contact information. The company maintains its registered office in Kolkata and operates from its Mumbai office. The Corporate Identity Number L15491WB1962PLC031425 reflects the company's incorporation details and regulatory classification.

Motilal Oswal has reaffirmed its positive stance on Tata Consumer Products, maintaining a Buy rating with a target price of ₹1,370. The brokerage firm's recommendation is based on multiple growth drivers and the company's strong fundamental business position across key segments.

Core Business Strengths

The research firm identifies Tata Consumer's traditional tea-salt-international business as a dependable cash cow, providing stable revenue streams with mid-to-high single-digit growth outlook. This established business foundation offers consistent performance and reliable cash generation capabilities.

Key Growth Catalysts

Several factors are expected to drive the company's growth trajectory:

• Coffee Cost Tailwind: Favorable cost dynamics in the coffee segment are anticipated to support margin expansion
• Quick Commerce Expansion: The emerging quick commerce channel represents a new growth engine for the company
• Disciplined Portfolio Strategy: Strategic approach to portfolio management is expected to optimize resource allocation and market positioning

Financial Projections

Motilal Oswal has outlined robust growth expectations for Tata Consumer Products over the FY25-28 period:

These projections reflect the brokerage's confidence in the company's ability to deliver consistent growth across key financial parameters, with particularly strong expectations for profit after tax growth.

Investment Outlook

The combination of stable traditional business segments, emerging growth opportunities in quick commerce, and favorable cost dynamics positions Tata Consumer Products favorably for sustained growth. The company's strategic focus on disciplined portfolio management is expected to enhance operational efficiency and market competitiveness in the consumer goods sector.