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FMCG: Shopping time!

(Jan 10, 2007)

The Rs 690 bn Indian FMCG sector was on an acquisition spree in 2006. As part of growth strategy, many FMCG companies clinched a string of major buy out deals in both domestic and international markets during the year. The companies have made acquisitions not only in the existing segments, but have scouted for acquisitions in newer categories. The FMCG companies have spread their wings across the globe last year.

Tata Tea: Checking out its blend!

(Mar 21, 2005)

A name associated with the Indian Tea industry for over 50 years, Tata Tea is today the world’s 2nd largest branded tea company with presence in over 35 countries across the globe and the country’s largest in value terms. The company has been in the limelight for sometime now because of its transition from a commodity led business to a dominantly branded one. We decided to take a closer look at the transformation and how the company has achieved major milestones over the years.

Tata Tea: The right blend

(Oct 30, 2004)

Tata Tea Limited has reported an encouraging 8% growth in consolidated revenues during the September quarter. The company's net profits are up over 55% led by improvement on the operating margin front, as well as higher other income owing to dividend received this quarter. The company's India operations continued to show a good turnaround reporting over 15% topline growth. Improved operating margins and buoyant other income saw profits growing by a significant 52% for the domestic business.

Tata Tea: Identifying its blend

(Jul 13, 2004)

Tea major, Tata Tea, is in the thick of news in recent times. The company reported strong FY04 results and there are reports that it is considering exiting the tea plantations altogether. Here we analyse the company's recent performance and its prospects.

Tata Tea: Domestic woes continue…

(Oct 29, 2002)

Tata Tea's tryst with difficult market conditions continues. The beverage major reported a marginal 2.5% YoY rise in net sales during September quarter, that too aided by higher exports. Domestic sales was lower on account of the continued slowdown in the organized retail market for branded teas and lower CTC tea prices in auctions (which have fallen by around 20% since January this year).

Tata Tea: Dividend income saves day…

(Jul 30, 2002)

On first glance, Tata Tea Limited seems to have reported a much better performance in the first quarter of FY03, as compared to the dismal showing in 4QFY02. The company finished 1QFY03 with over 27% net profit growth during the June quarter. But in this, it was aided by Rs 78 m earned as dividend income (part of other income). Excluding this, on a like to like basis, Tata Tea would have finished 1QFY03 with a 24% drop in net profit.

Tata Tea: 4QFY02 hits annual numbers

(Jun 27, 2002)

Tata Tea's restructuring blues continue. The company has finished FY02 with a 7% drop in topline and a significant 28% decline in net profit. Tata Tea has finished the March quarter (4QFY02) with a similar 7% drop in sales and has posted Rs 163 m as net loss during the quarter.

Tata Tea: Ad budget upsets applecart

(Jan 21, 2002)

Tata Tea's hiccups with restructuring continues. The company has declared a 2% drop in topline and a 17% drop in bottomline during the December quarter. The company's topline performance is however better than the 16% drop it witnessed during the preceding quarter (2QFY02).

Tata Tea: Strengthening operations

(Oct 30, 2001)

Tata Tea, one of the largest integrated producers of tea in the world, has declared an 18% decline in 2QFY02 topline and a 3% decline in net profits (excluding extraordinary income). However, if we include an extraordinary income of Rs 190 m received by way of dividends from subsidiaries, then 2QFY02 profits zoom 45% YoY.

Tata Tea: An improving blend

(Jul 27, 2001)

Tata Tea Limited, one of the world's largest integrated tea companies has declared a significant 85% jump in its bottomline during 1QFY02. This growth is when we don't consider the extraordinary income accrued to the company in the first quarter of last year.

Tata Tea: The management view

(Jun 21, 2001)

Tata Tea held an analyst meeting yesterday (June 20, 2001). The following are the key points the Tata Tea management stated during the meet.

Tata Tea: FY01 sours blend

(Jun 19, 2001)

One of the world's largest tea companies, Tata Tea, has declared a 20% decline YoY in its net profit for FY01 (Rs 1,002 m). The results were not suprising, considering the company's dismal performance in the past nine months of FY01. The decline could be attributed to oversupply in the market, which put pressure on Tata Tea's margins.

Tata Tea: Fluctuating fortunes

(Mar 27, 2001)

Over the past few months’ investors are shifting their buying interest in favour of old economy stocks, worried by future prospects for the TMT sector. Tata Tea is being eyed with renewed buying interest with the firming up of global tea prices.

Tata Tea 3QFY01 net declines 24%

(Jan 22, 2001)

Tata Tea Limited has reported a steep 49% decline in its net profit to Rs 165 m in the quarter ended December 31, 2000. The decline in profits was on the back of a 14% decline in net sales turnover to Rs 2,016 m.

Tata Tea: Poor blend in 1HFY01

(Nov 1, 2000)

Tea major, Tata Tea Limited, has declared a minor 2% drop in turnover in 2QFY01. However, a 52% drop in its other income and a 53% surge in its net interest has resulted in a 22% decline in its bottomline.

Tata Tea: Long term play

(Sep 2, 2000)

Tata Tea, the largest integrated producer of Tea in the world has a market share of 23%. It cultivates tea on 24,500 hectares of land spread across Kerala, Assam, Tamil Nadu and West Bengal. It owns a majority stake in Consolidated Coffee Limited, the largest coffee company in Asia. It also has a controlling interest in Rallis India Ltd., one of the largest agro chemicals firms in India and Asian Coffee Ltd., a 100% export oriented unit, making instant coffee.

Disappointing tea exports during FY00

(Jun 19, 2000)

India’s tea exports witnessed dissenting growth due to low overseas demand and drop in domestic production as a result of drought conditions in the northern region for the first four months of the year 2000.

Tata Tea's dissenting profit growth

(Jun 17, 2000)

Tata Tea has registered a YoY 3.3% drop in the net profits to Rs 1.2 bn in FY00. The drop in the profit was due to decline in production and higher employee costs.

Tetley takeover to double Tata exports

(Mar 23, 2000)

The takeover of Tetley by Tata Tea is likely to double the exports of the latter. Tata Tea is reported to have exported tea worth Rs 700 m in FY2000.

Tata Tea issues GDRs at discount

(Mar 4, 2000)

Tata Tea Limited has issued US$ 75 m worth of Global Depository Receipts (GDRs) at a price of US$ 9.87. The issue has been made at a discount of approximately 5% to the domestic price.

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