Tata Consumer Q3 Profit Jumps, Share Nears Rs 1200 Despite FII Selling

• Tata Consumer reported strong Q3 results with significant growth in profit, revenue, and EBITDA.
• Net profit rose from ₹279 crore to ₹384 crore, while revenue increased from ₹4,444 crore to ₹5,112 crore, surpassing market estimates.
• EBITDA surged to ₹721.3 crore from ₹565 crore, with the EBITDA margin improving from 12.7% to 14.10%.
• The company's share price opened at ₹1,158.60 and quickly approached the ₹1200 mark, showing a 21% gain over the year.
• Despite FIIs reducing their stake from 23.23% to 21.19%, the strong quarterly performance indicates robust domestic fundamentals.

Why It Matters: Tata Consumer delivered stellar Q3 results with strong profit and revenue growth, boosting its share price.