Log has written
WEDNESDAY, FEBRUARY 15, 2012

Mumbai: Tata Tea Thursday said that it has evolved a strategy to compete globally with Coca Cola, Pepsi and Unilever in the beverages business.

Unveiling a 5-15-year roadmap to create a global leader in the branded beverages segment, Tata Tea CEO Peter Unsworth said that the company may look at partnerships and acquisitions for this purpose but as of now there is no proposal.

In recession time, all companies are under pressure but Tata Tea has shown resilience because of its core business being tea and coffee, he said, adding the company was in the process of integrating the working of its five entities to deliver economies of scale.

Unsworth, however, made it clear that at the moment there is no plan for financial integration of its entities, of which three are listed.

Only yesterday, the Tata group company, announced a consolidated net profit at Rs701 crore for FY 2009 on a total consolidated income of Rs4,874 crore.

“We are expanding our global distribution and are restructuring our US business to compete with Coca Cola, Pepsi and Unilever,” Unsworth said.

Tags - Find More Articles On:
READ MORE ARTICLES BY:
blog comments powered by Disqus
Inflation at 2-year low; risks remain
Fall increases chances of monetary easing by RBI; analysts warn macroeconomic risks could reverse trend
Home, auto and personal loans see sharp fall in growth
The year-on-year loan growth to capital-intensive industries slowed to 19.8% between December 2010 and...
Banks oppose Irda norms on retailing policies
With banks starting their own insurance ventures, non-bank promoted insurers have been finding it difficult...
Tata Motors net profit up on strong JLR sales
The company’s profit soars 41% to a record high of Rs 3,406 crore in the three months ended December
RBI warns on bad loans, but says situation not alarming
Sinha said it will be more challenging for banks to find equity investors after the stricter capital...