BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Direct Report
Tata Consumer Products Ltd. reported robust sales growth of 18.5% led by India beverage business growth of 32% and food business growth of 13%.
International tea business (Tetley, Teapigs, Good Earth) and U.S. coffee (Eight O’clock) grew 1% and 4%, respectively in constant currency terms.
The strong growth in India beverage business was led by 11% volume growth and price hikes in tea segment of approximately 15%.
Food business volume growth was 6%.
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