BUZZ — India's Tata Consumer gains after Kotak upgrades to 'add'

* India's Tata Consumer Products' shares rise as much as 2.3% to 982.1 rupees apiece * Uptick after Kotak Institutional Equities upgrades TACN to "add" from "reduce" with a revised price target of 1,080 rupees from 1,165 rupees earlier * While structural headwinds are likely to continue weighing on FMCG growth, companies such as Tata Consumer and Marico are reshaping and expanding their portfolios to counter the pressure, says Kotak * MRCO shares up 0.5% on the day; FMCG index up about 1% * Brokerage expects margin pressures in the sector to ease by FY2028, supported by a likely moderation in raw material costs * Average rating of 26 analysts tracking TACN is "buy"; median PT at 1,350 rupees, data compiled shows * TACN down 18% YTD, mirroring the 18.5% drop in FMCG index (Reporting by Bharath Rajeswaran in Bengaluru) ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;)