Tata Consumer beats Q2 profit estimates as price hikes boost margins

Tata Consumer Products, has reported quarterly earnings that exceeded market expectations. The company's margins were boosted by price increases implemented to counter rising raw material costs. Tata Consumer aggressively raised prices of its salts, while also adding new variants and expanding availability across the country. The consolidated net profit rose 3% to 3.38 billion rupees, beating analysts' average estimate of 3.35 billion rupees, according to LSEG data.