Tata Global Beverages’ Revenue Growth At Six-Year High
Tata Global Beverages Ltd.’s revenue for the year ended March 2019 rose 8.1 percent—the highest in six years.
That was led by a 9 percent volume growth in its domestic business, the highest in five years, the company said in an exchange filing.
India and the U.K., the company said, are its largest markets, where its Gold and Tetley tea brands accounted for a bulk of increased sales.
Robust growth in Tata Global’s subsidiary, Tata Coffee Ltd., too, aided sales, according to JM Financial.