Tuesday , October 19 2021

Tata Global Beverages surges with JV achieving around 30% growth in revenues in FY19

Mumbai : Tata Global Beverages is currently trading at Rs. 214.95, up by 3.90 points or 1.85% from its previous closing of Rs. 211.05 on the BSE. The scrip opened at Rs. 212.05 and has touched a high and low of Rs. 216.80 and Rs. 209.75 respectively. So far 138645 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 299.80 on 02-May-2018 and a 52 week low of Rs. 177.50 on 11-Feb-2019. Last one week high and low of the scrip stood at Rs. 216.80 and Rs. 200.50 respectively. The current market cap of the company is Rs. 13616.62 crore. The promoters holding in the company stood at 34.45%, while Institutions and Non-Institutions held 39.04% and 26.50% respectively.

Tata Starbucks, a 50:50 joint venture between Tata Global Beverages and Starbucks Coffee of the US, has clocked an around 30% growth in revenues for the Financial Year ended March 2019. It added 30 new stores during the Year, taking the current store count to 146 stores across India. It recently opened its largest coffee forward store in Bengaluru, celebrating every aspect of the coffee journey through live coffee brewing experience.

Tata Global Beverages is a global beverage business with a brand presence in over 40 countries. The company has significant interests in tea, coffee and water and is the world’s second largest tea company.

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