Results for Quarter ended June 2015

06 August 2015 340 words 1-MINUTE READ

Corporate

Tata Global Beverages announces steady growth in revenues compared to the corresponding period last year.

Income from Operations for the year at Rs 2029 crores, up by 9% in constant currency
Operating profits lower due to higher brand and growth investments

Tata Global Beverages Ltd. today announced its results for the Quarter ended June 2015. The Company reported a steady growth in revenue as compared to the corresponding period last year.

Income from operations, at Rs 2029 crores, increased by 6% as compared to corresponding quarter of the previous year. At previous year exchange rate the increase is 9%. Profit from operations Rs 153 crores is lower than the comparative quarter of the previous year mainly due to higher expenditure on brands and new initiatives.

The quarter saw strong performance by the business in India. Other markets like Canada, Middle East and Russia performed well. Continued focus on the green & specialty tea category across geographies enabled share gains in key markets.

Tetley in the UK launched an impactful multimedia campaign to promote its range of Super Green Tea, urging consumers to ‘Super Power’ their day. Tetley Super Green tea launched last year offers the goodness of green tea combines with the added benefits of vitamins. In India, the Tetley green tea range and the Tata Tea Acti green range continue to see good response. Tetley in Canada launched a campaign around its Signature collection, which features fun and flavourful blends in a drawstring tea bag, designed to ‘Squeeze more from the moment.’ The campaign highlighted the benefits of the drawstring tea bag and also introduced consumers to innovative and delicious tea pairings with food. In Poland, the Vitax brand launched five new flavours based on exotic fruits such as Cranberry & Passionfruit, Mango & Acerola.

Mr. Ajoy Misra, Managing Director and CEO of Tata Global Beverages, said – “Consumer trends point to a growing market in green & specialty tea. We will continue to leverage this trend while strengthening our core black tea markets. We continue to invest behind our brands and remain focused on growth through innovation, category expansion and our strategic alliances.”