Tata Consumer Q4: Premium, sub-premium segments drive revenue growth for India Tea portfolio
Tata Consumer maintained its market leadership in tea sales through E-commerce.
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Tata Consumer maintained its market leadership in tea sales through E-commerce.
New research has revealed the cheapest country in the world to buy British tea bags.
Shipments from South India during the first 11 months of 2023 increased to 81.87 mkgs from 77.39 mkgs in the previous similar period, according to the data.
The Indian tea industry is expected to report an 8% decline in revenue this fiscal year due to a decrease in export volume, according to CRISIL Ratings. Operating profitability is also expected to fall for the second year in a row. However, low leverage and minimal capital expenditure are expected to keep credit profiles stable.
On September 6, news reports said Tata Consumer Products was in talks to buy at least 51 per cent in Haldiram's