Tata Global is a global beverage business and the world's second largest tea company. The group's annual turnover is USD 1.4 billion and about 70 percent of its revenues come from international markets. Tata Global Beverages posted 43.68 per cent rise in consolidated net profit at Rs 111.63 crore for the first quarter Of june.
Tata global entered the pods market, which is the coffee and tea machine market. We have entered it in the United States of America (USA) with our Eight O'Clock Coffee pods in alliance with Keurig. We have entered it in Canada with the Tetley TASSIMO T DISCs in collaboration with TASSIMO and in Portugal as well in collaboration with yet another firm. In all three places we are seeing phenomenal growth of the pod segment, so that is certainly going to be a good growth driver for the future.
So, we do see good engines of growth in India, Americas and in parts of Europe said Harish bhatt MD.
Starbucks internationally has got about 17,000 outlets and in the next 5 years, we could have more than 500 outlets in India. Therefore, the business prospect is good.
stackbucks is subsidiary of tata global. Tata global has also gotten into a 50-50 joint-venture with Pepsico to form Nourishco.
The management has projected growing in to a USD 5 billion company by 2015, which could bring in returns of almost 300-400% from current valuations. Going ahead, if they are able to achieve even USD 3 billion and if you multiply by 2 times, it's USD 6 billion market cap. This translates to a growth of over 3 times in next 2-3 years.
Promoter holding 35.20%, FII'S 17.85%, DII'S 18.5%
