Powered by: Motilal Oswal

News

Climate change threatening tea industry globally which resulting in rise in production costs: ITA Leading planters body, Indian Tea Association (ITA) has said that climate change is threatening the industry globally which is resulting in lower yields and rise in production costs. It said climate change is also threatening the long-term viability of tea industry, which is also causing increasing pest infestations making pesticide residue management surfacing as a major challenge. To mitigate this, it said that the industry needs to adopt a multi-faceted to address the climate change issue ...
Climate change threatening tea industry globally which resulting in rise in production costs: ITA
Climate change threatening tea industry globally which resulting in rise in production costs: ITA
Source: Accord Fintech
27/03/2023 1:51:28 PM
Bombay Burmah Trading Corporation inches up on planning to raise upto Rs 50 crore via NCDs Bombay Burmah Trading Corporation is currently trading at Rs. 843.00, up by 0.10 points or 0.01% from its previous closing of Rs. 842.90 on the BSE. The scrip opened at Rs. 846.65 and has touched a high and low of Rs. 851.45 and Rs. 839.20 respectively. So far 535 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1115.65 on 28-Apr-2022 and a 52 week low of Rs. 839.20 on 22-Mar-2023. Last one week high and low of t...
Bombay Burmah Trading Corporation inches up on planning to raise upto Rs 50 crore via NCDs
Bombay Burmah Trading Corporation inches up on planning to raise upto Rs 50 crore via NCDs
Source: Accord Fintech
22/03/2023 2:02:19 PM
5 teas to pick for a healthier body & mind People around the world are slowly starting to understand the importance of good health and that sure does require some lifestyle changes. While exercising and staying active is one of the top-recommended suggestions to stay healthy, our everyday choices of beverages can also make a lot of difference. We all have a favourite tea or at least one we prefer over others but did you know, some of them can actually help you achieve your health goals? Whether you wish to keep your weight in ch...
5 teas to pick for a healthier body & mind
5 teas to pick for a healthier body & mind
Source: IANS
22/01/2023 3:10:14 PM
Tea Board forms separate core committee to address issues of small tea gardens  With an aim to address the issues related to smaller tea gardens, the Tea Board India has decided to set up a separate core committee that will work for the protection and development of the sector. Following this decision of the Tea Board, the long-standing demand of the Confederation of Indian Small Tea Growers Associations (CISTA), an umbrella body of small tea growers in the country, gets fulfilled. The committee will be headed by the Chairman and Deputy Chairman of Tea Board ...
Tea Board forms separate core committee to address issues of small tea gardens
Tea Board forms separate core committee to address issues of small tea gardens
Source: Reuters
22/01/2023 9:32:53 AM
Assam`s `Manohari tea` sold at Rs 1.15L/kg A special tea named 'Manohari tea' in Assam's Dibrugarh district has been sold for Rs 1.15 lakh per kg at a private auction, officials said on Saturday. The proprietor of the tea estate, Rajan Lohia said that 'Manohari Gold Tea' fetched the price at an auction on the private portal 'Tea Intech' on Friday. He added that due to a cap on the maximum selling price of tea being fixed at Rs one lakh per kg by the Tea Board India at Guwahati Tea Auction Centre (GTAC...
Assam`s `Manohari tea` sold at Rs 1.15L/kg
Assam`s `Manohari tea` sold at Rs 1.15L/kg
Source: IANS
18/12/2022 9:19:50 AM
Dhunseri Tea & Industries surges on inking MoU for sale of Khagorijan Tea Estate Dhunseri Tea & Industries is currently trading at Rs. 244.55, up by 4.55 points or 1.90% from its previous closing of Rs. 240.00 on the BSE. The scrip opened at Rs. 243.00 and has touched a high and low of Rs. 249.70 and Rs. 242.10 respectively. So far 869 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 358.00 on 12-Jan-2022 and a 52 week low of Rs. 177.10 on 21-Jun-2022. Last one week high and low of the s...
Dhunseri Tea & Industries surges on inking MoU for sale of Khagorijan Tea Estate
Dhunseri Tea & Industries surges on inking MoU for sale of Khagorijan Tea Estate
Source: Accord Fintech
15/12/2022 11:37:09 AM
Dhunseri Tea jumps on inking MoU with Apeejay Tea for acquisition of two tea estates Dhunseri Tea & Industries is currently trading at Rs. 257.65, up by 35.85 points or 16.16% from its previous closing of Rs. 221.80 on the BSE. The scrip opened at Rs. 230.00 and has touched a high and low of Rs. 261.00 and Rs. 229.85 respectively. So far 33728 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 358.00 on 12-Jan-2022 and a 52 week low of Rs. 177.10 on 21-Jun-2022. Last one week high and low of t...
Dhunseri Tea jumps on inking MoU with Apeejay Tea for acquisition of two tea estates
Dhunseri Tea jumps on inking MoU with Apeejay Tea for acquisition of two tea estates
Source: Accord Fintech
6/12/2022 10:31:22 AM
Dhunseri Tea and Industries moves up on entering into MoU with Warren Tea to acquire three tea estates Dhunseri Tea and Industries is currently trading at Rs. 232.10, up by 13.00 points or 5.93% from its previous closing of Rs. 219.10 on the BSE. The scrip opened at Rs. 223.90 and has touched a high and low of Rs. 226.10 and Rs. 220.00 respectively. So far 1413 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 358.00 on 12-Jan-2022 and a 52 week low of Rs. 177.10 on 21-Jun-2022. Last one week high and low of the s...
Dhunseri Tea and Industries moves up on entering into MoU with Warren Tea to acquire three tea estates
Dhunseri Tea and Industries moves up on entering into MoU with Warren Tea to acquire three tea estates
Source: Accord Fintech
22/11/2022 10:57:10 AM
Inferior tea from Nepal sold, re-exported as premium Darjeeling variety Don't get puzzled if you don't find aroma in your premium Darjeeling tea which you purchase from your neighbourhood shop or get delivered online. It might be inferior tea imported from Nepal and sold as premium Darjeeling tea. India imports a large quantity of tea from Nepal. In 2020-21, nearly 10.74 million kg of tea was imported from the Himalayan neighbours. However, a Parliamentary standing committee was informed that due to large volumes of inferior tea originating fro...
Inferior tea from Nepal sold, re-exported as premium Darjeeling variety
Inferior tea from Nepal sold, re-exported as premium Darjeeling variety
Source: IANS
23/08/2022 10:04:15 AM
Tea production in Nilgiris increases by 6.9% due to heavy rain  The Nilgiris district of Tamil Nadu, the largest producer of tea in South India, has witnessed an unprecedented increase in the production after heavy rainfall. While the production of tea from January 2021 to June 2021 was 7.88 million kg, the production in the first half of the current year has touched 8.36 million kg. This is 6.9 per cent more than the production in 2021 during the same period and tea experts and estate owners attribute the increase to the high rainfall that the d...
Tea production in Nilgiris increases by 6.9% due to heavy rain
Tea production in Nilgiris increases by 6.9% due to heavy rain
Source: IANS
19/07/2022 11:18:14 AM
Green tea may significantly help in lowering diabetes: Study Drinking green tea may not only help in reducing your waistline, but may also prove beneficial in lowering diabetes, finds a study. Type 2 diabetes is a significant global public health challenge and is projected to affect 693 million people by 2045. It is associated with adverse health outcomes including heart attack, stroke, blindness, kidney failure, and amputation as well as is one of the leading risk factors for premature mortality. The study, based on a meta-analysis of 27 trials ...
Green tea may significantly help in lowering diabetes: Study
Green tea may significantly help in lowering diabetes: Study
Source: IANS
18/07/2022 2:15:06 PM
Acute fund crunch forces Tamil Nadu tea plantation corporation to halve cultivation The Tamil Nadu Tea Plantation Corporation (TANTEA) which was cultivating tea in an area of 10,000 acres has cut short its cultivation to half in the wake of acute financial crisis. Senior officials of the TANTEA told IANS that the organisation was reeling under financial crisis and the only possibility of saving it is to reduce its plantation area to half. The overheads and other expenses can be brought down if the plantation is cut short to half, the officials said. Formed in 1968 by t...
Acute fund crunch forces Tamil Nadu tea plantation corporation to halve cultivation
Acute fund crunch forces Tamil Nadu tea plantation corporation to halve cultivation
Source: IANS
13/07/2022 1:39:36 PM
Chaayos raises $53 mn to expand stores, hire talent Leading "chai" (tea) cafe chain Chaayos on Thursday announced it has raised $53 million in Series C funding led by Alpha Wave Ventures. The company said it will use the money for tech-enhancement, hiring and store expansion. The latest round saw participation from existing investors Elevation Capital, Tiger Global and Think Investments. Founded in 2012 by Nitin Saluja and Raghav Verma, Chaayos runs 190 stores across six cities and plans to add 100 more by the end of this year....
Chaayos raises $53 mn to expand stores, hire talent
Chaayos raises $53 mn to expand stores, hire talent
Source: IANS
23/06/2022 11:45:45 AM
Himachal Pradesh aims to revive British-era tea industry Himachal Pradesh recorded Kangra tea, an orthodox variety close to Darjeeling tea, production of 10,01,419 kg in last fiscal and the government aims to revive the British-era tea industry, State Agriculture Minister Virender Kanwar said on Sunday. At present, 2,310 hectares come under tea cultivation in foothills of Dhauladhar in Dharamsala, Shahpur, Nagrota Bagwan, Palampur, Jaisinghpur, Baijnath and Joginder Nagar areas. CSK Himachal Pradesh Agricultural University in Palampur has pla...
Himachal Pradesh aims to revive British-era tea industry
Himachal Pradesh aims to revive British-era tea industry
Source: IANS
12/06/2022 9:41:17 AM
Indian tea industry has chance to achieve $1 billion exports target in next 2-3 years: Anshuman Kanoria Expressing need to seek the Centre's help for rationalisation of international MRL laws for the crop, Indian Tea Exporters' Association Chairman Anshuman Kanoria has said that the Indian tea industry has a realistic chance to achieve the $1 billion exports target in the next two-three years. Kanoria also said it is also essential that the beverage produced for the overseas market is compliant with the safety regulations of importing countries. He said that this is essential to upho...
Indian tea industry has chance to achieve $1 billion exports target in next 2-3 years: Anshuman Kanoria
Indian tea industry has chance to achieve $1 billion exports target in next 2-3 years: Anshuman Kanoria
Source: Accord Fintech
6/06/2022 1:21:40 PM
Green or Black tea - which is better for summer? Most of us enjoy sipping a cup of tea after meals or after waking up in the morning, not only for the health benefits but also as a daily way to relax. When we are stressed, tired, confused, or anxious, the first thing that comes to mind is a cup of tea. It's a magical drink that revives and rejuvenates us when we're tired or exhausted. What most people do not know is that both Green and Black teas are made from the top leaves of the same tea plant - Camellia Sinensis. Though both ...
Green or Black tea - which is better for summer?
Green or Black tea - which is better for summer?
Source: IANS
25/05/2022 4:58:47 PM
Rising coal costs affecting tea plantation activity: TAI Leading industry body Tea Association of India (TAI) has flagged the issue of rising coal costs due to acute shortage which is affecting plantation activity as it is an important input for manufacturing in North Bengal. It said since the North Bengal region does not have access to supplies of natural gas, which is available in the gardens of Upper Assam, this causes the North Bengal gardens to face competitive disadvantages. It noted that the issue of minimum wages in a labour intensive indus...
Rising coal costs affecting tea plantation activity: TAI
Rising coal costs affecting tea plantation activity: TAI
Source: Accord Fintech
17/05/2022 12:24:39 PM
Abnormal surge in natural gas prices hurting tea sector, says association An abnormal surge in prices of natural gas has become detrimental for the tea industry and the industry is hit hard by the recent sharp increase in the energy price, said industry body North Eastern Tea Association. Notably, the Northeastern state of Assam alone produces over 50 per cent of the country's annual tea output. From July, 2021 to April, 2022 the price of natural gas has risen from Rs 5,085.00 to Rs 21,119.57 per 1000 scum, the association said in a note. The per scum ...
Abnormal surge in natural gas prices hurting tea sector, says association
Abnormal surge in natural gas prices hurting tea sector, says association
Source: IANS
16/05/2022 10:48:12 AM
Nilgiris tea sector to ramp up production, quality after tea cooperatives get Rs 5 cr grant The tea sector in Tamil Nadu's Nilgiris, which is one of the robust tea sectors in the country, is to get a big boost after the state government sanctioned an amount of Rs 5 crore to the tea cooperatives in the district. The sanction was given through a government order by the state industries department on May 11. The state government transferred the amount of Rs 5 crore to the Tamil Nadu Small Tea Growers Industrial Cooperative Tea Cooperatives Federation (INDCOSERVE). This amount...
Nilgiris tea sector to ramp up production, quality after tea cooperatives get Rs 5 cr grant
Nilgiris tea sector to ramp up production, quality after tea cooperatives get Rs 5 cr grant
Source: IANS
13/05/2022 9:02:02 AM
War to affect India's tea exports to CIS nations, says industry body India's tea exports to Commonwealth of Independent States (CIS) countries, including Russia, is bound to be affected due to the ongoing war. "I stand before you at a critical juncture when the world is witnessing a major war in Europe wherein the Western Block has swiftly introduced draconian economic measures. In this world of inter-dependability no nation, including India can remain insulated from it," said Ajay Jalan, President of Tea Association of India -- Assam Branch a...
War to affect India's tea exports to CIS nations, says industry body
War to affect India's tea exports to CIS nations, says industry body
Source: IANS
13/03/2022 3:52:25 PM
Assam tea industry eyes solar projects to augment revenue Assam tea industry is looking at various ways and means to set up solar projects in the plantation areas and in the barren lands available inside the estates. An interactive meet titled "Opportunities of solar power plants in tea estates and tea factories" was organised on Friday at the Guwahati Tea Auction Centre premises. At the meet, the Managing Director of Assam Power Distribution Company, Rakesh Kumar urged the tea industry representatives to give suggestions on the 'Dr...
Assam tea industry eyes solar projects to augment revenue
Assam tea industry eyes solar projects to augment revenue
Source: IANS
27/02/2022 4:15:22 PM
Prolonged Russia-Ukraine war likely to hurt India's tea exports, dent its prices Prolonged war between Russia and Ukraine or for that matter any spill over in hostilities to other regions beyond may hurt Indian tea exports, thereby also putting extra pressure on the already declining prices of the beverage. Russia and CIS nations are India's largest export destination of tea and a very important market, said Dinesh Bihani, Secretary at Guwahati Tea auction Buyers association. The Indian tea industry has been stuck in a perfect storm for the past several years on...
Prolonged Russia-Ukraine war likely to hurt India's tea exports, dent its prices
Prolonged Russia-Ukraine war likely to hurt India's tea exports, dent its prices
Source: IANS
27/02/2022 12:19:11 PM
Benefits of spiced tea in winter  Because they keep the body warm from within, hot beverages are synonymous with winter. Wearing your cosiest woollens and sipping a steaming hot beverage on a bright and sunny day is the order of the day this season. Did you know that adding a few spices to your tea can be extremely beneficial to your health? In the winter, a hot cup of spiced tea can provide your body with much-needed warmth to combat the bone-chilling cold. Spices such as cinnamon, cloves, cardamom, nutmeg, saffron ...
Benefits of spiced tea in winter
Benefits of spiced tea in winter
Source: IANS
5/02/2022 4:08:10 PM
Tea body seeks minimum floor price for self-sustainable industry To provide a road map for a self-sustainable tea industry going forward, the Indian Tea Association (ITA) has suggested the Centre for a minimum floor price on the beverage -- especially on made tea and green leaf. The tea industry has presented the initial paper citing their proposal to Union Commerce Minister Piyush Goyal. "This proposal does not require any financial outlay from the state or Central governments and ensures a self-sustainable model for all producers, both small a...
Tea body seeks minimum floor price for self-sustainable industry
Tea body seeks minimum floor price for self-sustainable industry
Source: IANS
3/02/2022 4:34:03 PM
Dhunseri Tea zooms on inking MoU with Warren Tea to acquire Balijan North Tea Estate Dhunseri Tea & Industries is currently trading at Rs. 318.00, up by 11.95 points or 3.90% from its previous closing of Rs. 306.05 on the BSE. The scrip opened at Rs. 309.50 and has touched a high and low of Rs. 324.75 and Rs. 309.00 respectively. So far 3325 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 405.20 on 18-Jun-2021 and a 52 week low of Rs. 155.07 on 19-Apr-2021. Last one week high and low of the...
Dhunseri Tea zooms on inking MoU with Warren Tea to acquire Balijan North Tea Estate
Dhunseri Tea zooms on inking MoU with Warren Tea to acquire Balijan North Tea Estate
Source: Accord Fintech
20/01/2022 12:27:57 PM
Tea Board proposes to replace old Act for benefit of industry; invites views on draft Bill The Tea Board of India has proposed to bring in a new Act by replacing the current Tea Act, 1953 for the betterment of the tea industry. "After more than 68 years, some of the existing provisions of the Tea Act, 1953 have become redundant by efflux of time, for which it has been proposed to bring in a new Act in place of the present Act under which the Tea Board will act as a facilitator for the benefit of the tea industry," the proposed draft bill read, as reviewed by IANS. T...
Tea Board proposes to replace old Act for benefit of industry; invites views on draft Bill
Tea Board proposes to replace old Act for benefit of industry; invites views on draft Bill
Source: IANS
11/01/2022 9:23:13 AM
Sri Lankan tea exports earned $1.3bn in 2021  Sri Lankan tea exports in 2021 earned $1.3 billion despite lower yields and higher costs of production, state media reported on Thursday. Chairman of the Sri Lanka Tea Board Jayampathy Molligoda was quoted by the state-owned Daily News as saying that the island nation earned approximately $1.3 billion from the export of 288 million kilos of tea, reports Xinhua news agency. Molligoda said the cost of production of Sri Lankan tea is among the highest in the global market and tea pro...
Sri Lankan tea exports earned $1.3bn in 2021
Sri Lankan tea exports earned $1.3bn in 2021
Source: IANS
6/01/2022 3:55:23 PM
Storm in the teacup: Covid, falling exports continue to hurt industry The perfect storm in the cost-intensive tea industry is expected to spill over into 2022, as concerns such as rising tea prices as well as subdued export demand continue to hurt the producers. Tea production is a high-cost business, with 60-65 per cent of the input costs going into labour wages. The rest goes for coal, gas, fertiliser, and other machinery. The rise in tea costs was led by the pandemic-led disruptions in the plucking activities initially. The leaves mature if they are le...
Storm in the teacup: Covid, falling exports continue to hurt industry
Storm in the teacup: Covid, falling exports continue to hurt industry
Source: IANS
26/12/2021 5:12:23 PM
Dhunseri Tea and Industries jumps on entering into MoU to sell 'Santi Tea Estate' Dhunseri Tea & Industries is currently trading at Rs. 262.85, up by 13.90 points or 5.58% from its previous closing of Rs. 248.95 on the BSE. The scrip opened at Rs. 261.35 and has touched a high and low of Rs. 275.45 and Rs. 259.50 respectively. So far 1914 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 405.20 on 18-Jun-2021 and a 52 week low of Rs. 155.14 on 19-Apr-2021. Last one week high and low of the...
Dhunseri Tea and Industries jumps on entering into MoU to sell 'Santi Tea Estate'
Dhunseri Tea and Industries jumps on entering into MoU to sell 'Santi Tea Estate'
Source: Accord Fintech
17/12/2021 10:17:35 AM
One kg specialised Assam tea sold at record price of Rs 99,999 Setting a record, premium quality orthodox tea from a tea estate in eastern Assam's Dibrugarh was sold at Rs 99,999 per kg in the Guwahati Tea Auction Centre (GTAC) on Tuesday, officials said. Breaking its own record set earlier, the Manohari gold tea of Dibrugarh was sold to Saurav Tea Traders with the highest bid of Rs 99,999 per kilogram at the GTAC. Last year, the the same was sold at Rs 75,000 per kilogram, the highest in the year, at the GTAC. The tea estate owner Rajan Lohia ...
One kg specialised Assam tea sold at record price of Rs 99,999
One kg specialised Assam tea sold at record price of Rs 99,999
Source: IANS
14/12/2021 5:41:20 PM
Bombay Burmah Trading Corporation surges on raising Rs 50 crore through NCDs Bombay Burmah Trading Corporation is currently trading at Rs. 1093.15, up by 6.15 points or 0.57% from its previous closing of Rs. 1087.00 on the BSE. The scrip opened at Rs. 1094.55 and has touched a high and low of Rs. 1104.00 and Rs. 1091.35 respectively. So far 489 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1424.40 on 15-Jun-2021 and a 52 week low of Rs. 1083.00 on 20-Aug-2021. Last one week high and lo...
Bombay Burmah Trading Corporation surges on raising Rs 50 crore through NCDs
Bombay Burmah Trading Corporation surges on raising Rs 50 crore through NCDs
Source: Accord Fintech
26/10/2021 11:32:10 AM
Emargin Positional Pick - Buy Tata Consumer Products Ltd For Target Rs. 982 - HDFC Securities Emargin Positional Pick - Buy Tata Consumer Products Ltd For Target Rs. 982 - HDFC Securities * Tata Consumer is in an intermediate uptrend as it has been making higher tops and higher bottoms for the last several weeks and has been consistently finding support at the 20 week SMA. * The stock was recently consolidating in a range above the 20 week SMA. On Wednesday, the stock broke out of this range on the back of above average volumes. * Technical indicators...
Emargin Positional Pick - Buy Tata Consumer Products Ltd For Target Rs. 982 - HDFC Securities
Emargin Positional Pick - Buy Tata Consumer Products Ltd For Target Rs. 982 - HDFC Securities
Source: HDFC Securities Ltd
13/10/2021 2:44:20 PM
Buy Tata Consumer Products Ltd For Target Rs.890 - ICICI Securities The show ('show me story') continues with minor breaks (in profitability) While TCPL had not-so-easy macros to tackle (including (abnormally) high input inflation) in India and higher base in International (pantry up-stocking in Q1FY21), it continued to gain market shares. It gained 170bps market shares in India Tea and 370bps in Salt. It also gained shares in regular and specialty tea in Canada. While near-term impact of steep inflation in input prices is unavoidable, we highlight...
Buy Tata Consumer Products Ltd For Target Rs.890 - ICICI Securities
Buy Tata Consumer Products Ltd For Target Rs.890 - ICICI Securities
Source: ICICI Securities
16/09/2021 10:12:53 AM
Buy Tata Consumer Products Ltd : Business growth momentum continues - ICICI Direct Buy Tata Consumer Products Ltd For Target Rs.900 Business growth momentum continues... About the stock: Tata Consumer Products (TCPL) is one of the major FMCG companies present in tea, coffee & other beverages in India, UK, US, Canada and some other geographies. In India, it also has salt, pulses, spices & other food products. Its subsidiary NourishCo is present in packaged water & other beverages. The company has a JV with Starbucks, which has 219 stores in India. * TCPL...
Buy Tata Consumer Products Ltd : Business growth momentum continues - ICICI Direct
Buy Tata Consumer Products Ltd : Business growth momentum continues - ICICI Direct
Source: ICICI Direct
10/09/2021 9:47:33 AM
Buy Tata Consumer Products Ltd For Target Rs.850 - Motilal Oswal Gross margin improvement in sight In line operating performance * Higher Tea prices impacted standalone gross margin, and higher A&P investments affected consolidated EBITDA margin. However, the impact of Tea cost inflation is subsiding as gross margin improved QoQ. The management expects the same to reach FY20 levels in one or two quarters. * Volume growth in the India Foods business rose 17% YoY, whereas revenue grew 20% in the Salt business on the back of market share gains. H...
Buy Tata Consumer Products Ltd For Target Rs.850 - Motilal Oswal
Buy Tata Consumer Products Ltd For Target Rs.850 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
6/09/2021 10:49:56 AM
Buy Tata Consumer Products Ltd For Target Rs.775 - Motilal Oswal Growth levers in place Tata Consumer Products’ (TCPL) FY21 annual report focuses on initiatives taken by the management to leverage the ‘Tata’ brand in creating capabilities for building a multicategory FMCG company. Some of these strategies include strengthening and accelerating the core business, exploring new opportunities, unlocking synergies, digitizing the supply-chain, product portfolio expansion, and expanding its sales and distribution infrastructure. Key highlig...
Buy Tata Consumer Products Ltd For Target Rs.775 - Motilal Oswal
Buy Tata Consumer Products Ltd For Target Rs.775 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
28/06/2021 10:01:32 AM
Assam tea gets record prices at 1st mjunction special auction The first International Tea Day Special Auction organised by mjunction services limited, India's leading B2B e-commerce company, fetched record prices and met with resounding success at the Jorhat tea e-marketplace. A statement of mjunction services on Tuesday said that most of the best marks of eastern Assam like Hookhmol, Lankashi, Diroibam, Aideobari Premium, Muktabari, Rungliting Tea Estate, Narayanpur Panbarry, Durgapur, Tirual, Arin, Kathonibari, Friends Tea and Pabhojan particip...
Assam tea gets record prices at 1st mjunction special auction
Assam tea gets record prices at 1st mjunction special auction
Source: IANS
23/06/2021 2:13:33 PM
Buy Tata Consumer Products Ltd For Target Rs. 800 - ICICI Securities Parallels between growth journey: ‘PARACHUTE’ and ‘TATA SALT’ There are brands. There are great brands. ‘Parachute’ (coconut oil brand of Marico), in our view, is one of them. It’s a classic case of building (and sustaining) a brand and earnings brand margins in a (hitherto) commoditized category. We believe that ‘Tata Salt’, a great brand (already), has the opportunity to build on awareness > availability and find similarities...
Buy Tata Consumer Products Ltd For Target Rs. 800 - ICICI Securities
Buy Tata Consumer Products Ltd For Target Rs. 800 - ICICI Securities
Source: ICICI Securities Ltd
12/06/2021 12:03:58 PM
Buy Tata Consumer Products Ltd For Target Rs.725 - Motilal Oswal High tea prices dent EBITDA margin; performance below expectation Scale-up of Tata Sampann remains critical * Higher tea prices impacted standalone gross margins by 10.1pp YoY to 30.9%, and higher A&P consequently impacted the consolidated EBITDA margin by 290bps YoY to 9.9%. Consolidated EBITDA de-grew 3% YoY on the back of 13% EBITDA de-growth in standalone. The Tata Sampann portfolio grew 2% during the quarter, impacted by volatility in the Pulses market; portfolio grew 26% durin...
Buy Tata Consumer Products Ltd For Target Rs.725 - Motilal Oswal
Buy Tata Consumer Products Ltd For Target Rs.725 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
28/05/2021 11:23:29 AM
Buy Tata Consumer Products Ltd : Elevated tea prices curbs margins; growth story intact - ICICI Direct Buy Tata Consumer Products Ltd For Target Rs. 725 Elevated tea prices curbs margins; growth story intact Tata Consumer Product (TCPL) reported a mixed set of numbers with splendid growth in tea, salt & pulses categories. Revenue grew 26.3% led by robust 59.6% growth in India beverage (tea, coffee & Nourisco) segment & 22.4% growth in consumer foods business (salt, pulses). International beverages sales remained flat. Non branded business saw growth of 28.8%. With signif...
Buy Tata Consumer Products Ltd : Elevated tea prices curbs margins; growth story intact - ICICI Direct
Buy Tata Consumer Products Ltd : Elevated tea prices curbs margins; growth story intact - ICICI Direct
Source: ICICI Direct
26/05/2021 10:50:12 AM
Buy CCL Products India Ltd For Target Rs. 382 - Yes Securities Set to deliver on growth and margin objectives * Result summary ‐ Overall performance ahead of estimates led by a strong recovery in India operations despite softness in Vietnam; revenue/EBITDA/PAT growth of 25%/21%/17% respectively. * Topline ‐ Revenue growth of 25% yoy to Rs 3.3bn  ‐  India business grew 33% (helped by shipments of orders deferred from 3Q), subsidiaries grew 12% with Vietnam business muted while India branded and Switzerland saw strong growth....
Buy CCL Products India Ltd For Target Rs. 382 - Yes Securities
Buy CCL Products India Ltd For Target Rs. 382 - Yes Securities
Source: Yes Securities Ltd
24/05/2021 9:56:58 AM
Assam tea industry predicts crop loss of 40% due to drought While the Covid-induced economic distress struck all sectors, the Assam tea industry also apprehends that the prolonged drought-like situation might cause a crop deficit from January to May this year amounting to about 40 per cent, over the same period in 2019. North Eastern Tea Association (NETA) adviser Bidyananda Barkakoty, citing a recent study, said that due to the protracted drought-like situation, the crop deficit from January to May this year would be about 60 million kg, compared ...
Assam tea industry predicts crop loss of 40% due to drought
Assam tea industry predicts crop loss of 40% due to drought
Source: IANS
20/05/2021 9:37:08 AM
Tea crop prospect looks bleak in Assam, Bengal: Industry body The crop prospect in the current season for the tea industry in Assam and West Bengal looks bleak due to the drought-like situation prevailing in both the states, a leading industry body said. Tea Association of India (TAI) Secretary General P.K. Bhattacharya said that after the aftermath of prolonged period of lockdown and losing around 140 million kgs of made tea last year, the tea industry in north was hopeful for a fresh start in 2021, but is again foreseeing grim days ahead, faced as ...
Tea crop prospect looks bleak in Assam, Bengal: Industry body
Tea crop prospect looks bleak in Assam, Bengal: Industry body
Source: IANS
23/04/2021 8:39:17 AM
Buy Tata Consumer Products Ltd For Target Rs. 680 - Motilal Oswal Gross margin pressure likely to ease in coming quarters Tea prices in North India increased (45% YoY) to INR229/kg over Apr-Dec’20 (v/s INR158/kg during the same period last year). However, prices have cooled off by 40% from the peak of INR284/kg in Aug’20 to INR171/kg in Jan’21. In this note, we have analyzed the impact of the fall in tea prices on Tata Consumer Products (TCP) in the near term. Here are the key insights:   Tea production has started to normali...
Buy Tata Consumer Products Ltd For Target Rs. 680 - Motilal Oswal
Buy Tata Consumer Products Ltd For Target Rs. 680 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
11/03/2021 12:50:43 PM