Tata Consumer Products is expected to report a double-digit growth in its topline for the quarter ended December 31, 2024 led by strong domestic business, as per three top brokerages. The revenue from operations in the reporting quarter is seen to grow by 15-17% according to estimates by three brokerages. Meanwhile, the company's profitability is expected to take a hit on the back of a sharp spike in tea prices.The estimates of JM Financial, Nuvama Institutional Equities and Motilal Oswal Financial Services (MOFSL) have been taken into account. The revenue numbers remain most conservative for Nuvama while they are highest for JM Financial.As for the Q3FY25 net profit, brokerages see a YoY decline though the range of their profit after tax (PAT) estimates vary significantly.Tata Consumer will announce its October-December quarter earnings on Thursday, January 30.Here’s what brokerages recommended:JM Financial JM Financial sees a 17% year-on-year growth in Tata Consumer’s Q3FY25 sales at Rs 4,445 crore while estimating its net profit on the adjusted basis at Rs 312 crore, The profit after tax is likely to go down by 9% over Q3FY24.The company's Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) is pegged at Rs 567 crore which will likely be a 1% YoY downtick. The EBITDA margin is likely to be reported at 12.7% witnessing a 230 bps decrease. “Recovery in India tea performance, scale up in recent acquisitions and stable international beverage performance to drive overall revenue growth (organic growth: 8%). Sharp inflation in tea prices to result in EBITDA seeing marginal decline on the YoY basis.While the tea business is expected to see low single-digit volume growth, the India food business could grow 32%YoY and international beverages may see 7% YoY growth.NuvamaNuvama expects the company's revenue to jump 15% YoY and 4% QoQ to Rs 4,380 crore. Tata Consumer’s PAT is expected to fall 25% YoY and 29% QoQ to Rs 279 crore.As the company’s profitability takes a hit in the reporting quarter, its Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) may fall 6.3% on a YoY basis and 14% on a QoQ basis to Rs 537 crore.The EBITDA margin is pegged at 12.3% in the reporting quarter down from 15% in Q3FY24 and 14.9% in Q2FY25. Nuvama reckons capital foods revenue to improve 5% QoQ while organic India revenue shall remain flat. Together both these acquisitions shall report revenue of Rs 320 crore versus Rs 3.1 billion in Q2FY25."India foods business (LTL) revenue is likely to increase 9% YoY (9% in Q2FY25; 13% in Q3FY24). In foods, we estimate Sampan likely to grow 27% and Soulfull shall do well given strong growth. We anticipate salt to grow 8% YoY (2% in Q2FY25) due to price hikes (we forecast 6–7% price increase) with volume growth of 2%. Within salt, value-added salt shall post stronger growth," Nuvama said.Motilal OswalMotilal Oswal sees a 16% YoY and 4.7% QoQ increase in Tata Consumer’s revenue from operations at Rs 4,412 crore white the PAT may fall 3.3% YoY and 12.7% QoQ at Rs 336 crore. The EBITDA could be reported at Rs 552 crore, down by 3.6% YoY and 12% QoQ.The double-digit revenue growth will be led by higher growth from the domestic businesses, MOFSL said. Continued higher tea costs are expected to hurt the Indian tea business. EBITDA margin is likely to contract to 12.5% in 3QFY25 versus 15% in 3QFY24.MOFSL has a ‘Buy’ rating on the counter. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)