Tata Global's India appetite grows as foreign tea markets slow down

The world’s second-largest tea firm Tata Global, best known for its audacious acquisition of UK’s Tetley Tea in 2000, pushing it into the league of top tea makers, is now getting its focus back on India. The move comes as global markets, which gives Tata Global higher revenues (55 per cent of branded business) slows down, especially in the crucial black tea segment, the firm’s mainstay in the category.   According to the company’s last annual report for 2016-17 (FY18 annual report yet to be released), tea contributes 80 per cent to Tata Global’s sales of it.....

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