ICICI Securities: Black Tea Will Remain Major Sub-Segment Within Tea In India

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.Narrative: Green tea can be a large market in India similar to global markets and can take share from black tea.Reality: We believe that black tea (including natural variants) will continue to remain major sub-segment within tea in India (green tea market size is Rs 6 billion whereas black tea market size is Rs 260 billion).There is higher return on investments in natural care variants of black tea compared to green tea.While green tea offers higher margins, natural care variants of black tea offer higher revenue growth potential.Tea companies also focus on natural variants of black tea (like Red Label Natural Care, Tata Tea ‘Tea Veda’ etc.) instead of green tea.However, post coronavirus outbreak there is higher growth in off-take of green tea. We will be watchful if this consumer trend continues once conditions normalise..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

ICICI Securities: Black Tea Will Remain Major Sub-Segment Within Tea In India

ICICI Securities: Black Tea Will Remain Major Sub-Segment Within Tea In India

Choose a plan