Q1 results today: Tata Consumer, Varun Beverages among 91 companies to announce earnings on Tuesday

The first quarter earnings season is underway and as many as 91 companies will announce their quarterly numbers on Tuesday. Key results to watch out for include that of IOC, Varun Beverages, GAIL, Macrotech and Tata Consumer.

Apart from the above, companies like 360 One Wam, Ajanta Pharma, CarTrade Tech, Capital SFB, Castrol India, Dixon Tech, Exide Industries, Force Motors, Indus Towers, IndiaMart Intermesh, Jindal Stainless, Macrotech Developers, Lloyds Metals and Energy, PTC Industries, Star Health, Titagarh Rail, V2 Retail among others will also declare their June quarter results.

Tata Consumer Q1 expectations

FMCG company Tata Consumer Products is expected to report healthy growth in revenues during the first quarter, but profitability could trail sales.

Revenue from operations is seen growing 13% year-on-year, according to the average estimate of three brokerages. The growth will be driven by solid jump in India foods business and moderate growth in beverages business.

The profit estimates from brokerages are varied between a de-growth of 0.6% to a growth of 20.3% year-on-year.

EBITDA margin for the first quarter is likely to improve to 15.3% year-on-year in the first quarter, led by better gross margins.

In the preceding March quarter, the company reported 19% fall in its consolidated net profit to Rs 217 crore and revenue from operations rose 8% year-on-year to Rs 3,927 crore.

Motilal Oswal expects revenue for the India-branded tea business to grow 3% year-on-year, led by volume growth of 3% year-on-year. Nourishco is likely to continue its strong performance.

"EBITDA margin is likely to improve to 15.3% in 1QFY25 vs 14.6% in 1QFY24, led by better gross margins. Tea and coffee prices are the key monitorables," the brokerage said.

Meanwhile, Kotak Equities is modeling 12.6% year-on-year organic growth in consolidated revenues (versus 6.1% in) led by 1% and 1% volume and value growth in domestic tea business, 13.5% year-on-year growth in India foods business, 14% year-on-year growth in NourishCo, 12.5% growth in international tea, 12% growth in EOC Vietnam FDC combined.

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