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TEA MARGINS RECOVERY
These large- and mid-cap stocks with ‘Strong Buy’ & ‘Buy’ recos have upside potential of up to 25%, according to analystsTalk of tariffs, especially steep ones, makes the market nervous. Which is exactly why the next few trading sessions are critical, and why ...
Your sweet tooth craving may get a little more expensiveRising sugar prices are pushing packaged food companies towards another round of price hikes or smaller pack sizes. Bikaji Foods is rolling...
Tata Consumer likely to take 'calibrated' price hikes if cost woes persist; eyes double-digit FY27 growthTata Consumer Products anticipates sustained double-digit revenue growth through strong consumer demand. The company's fast-growing food an...
Tata Consumer shares jump 3% after Q1 results. Here’s why Nomura, Motilal see strong upside potentialTata Consumer Products shares rose 3% after the FMCG major reported a 27.8% YoY jump in Q1 FY27 net profit to Rs 427 crore, while revenue i...
Buy, Sell or Hold: Morgan Stanley remains bullish on CG Power; Goldman Sachs upgrades earnings outlook for Tata ConsumerLeading brokerages have turned bullish on select industrial and consumer stocks. Morgan Stanley remains positive on CG Power, Goldman Sachs...
FMCG firms seen posting mid-to-double digit Q3 growth as volumes recoverFMCG companies anticipate mid-single to low-double-digit revenue growth in the December quarter, fueled by volume increases, easing GST dis...
HUL lowers prices of tea, homecare products but goes for hike in skincare segmentHindustan Unilever Limited (HUL) is adjusting product prices. Price cuts are happening in tea and homecare due to lower commodity costs. Sk...
Tata Consumer Q1 Preview: Steady profit, revenue growth seen amid margin pressuresTata Consumer is projected to reveal consistent double-digit revenue growth, fueled by strong performances in its India Foods and domestic ...
Can FMCG stocks outperform the index next year? Abneesh Roy answers“We like Britannia, HUL, Nestle and Dabur in the staple space. In discretionary stocks, we like Asian Paints. Just look at the valuations i...
Moderation likely in financial performance of Assam, West Bengal tea industry: ICRATea prices in the current year have declined after June as production has witnessed some recovery from the lows of last year, leading to an...
Covid-induced uncertainty dampens demand for premium Darjeeling teaA few buyers from Germany and Japan have offered a marginal price hike while other buyers are negotiating for a lower price for the tea whi...
Credit profiles of tea companies likely to improve in FY21: CrisilDomestic demand for tea is expected to remain steady at 1,100 million kg this fiscal. A decline in ‘out-of-home’ consumption, which account...
Tea companies to remain under pressure in FY20: ICRAIn the first eight months of FY2020, tea auction prices in North India (Assam and West Bengal) remained flat.
Financial performance of bulk tea companies likely to remain under pressure in FY2020, says ICRAOn the production front, overall global tea production witnessed a marginal de-growth of 0.6% during 10M CY2019, primarily due to a fall in...
Tea production in September declines 23.34% to 145,83 million kgFigures released by Tea Board, shows that production in North India has dropped to 127.54 million kg in September 2017 in comparison to 169...
Tata Global Beverages smells good, but can't filter all risksAn improving operating margin profile since the past couple of quarters has been fuelling expectations of a smart recovery in TGB's perform...
Peak tea production season this year will be better than last year: Kamal Baheti, CFO, McLeod RusselKamal Baheti, CFO, McLeod Russel says that the tea prices are trending higher due to higher quality available in the market.
Confident that trend of high prices will continue into next financial year: Kamal Baheti, McLeod Russel"The impact on the profitability was mainly because of the cost and recovery of any crop because of the weather conditions."
Fall in output, price brings tea companies to a boilOnly quality teas that constitute 15 per cent of total production of 1,200 million kg are fetching good prices.
Opening prices for tea likely to be strong: Kamal Baheti, McLeod RusselThis will improve the quality of the tea and if we can really put some other norms in place, we will be able to export these teas.