Tata Global Beverage Limited (TGBL) has come out as a global beverage player from a pure tea producer, with geographically diversified revenue base and a sound product portfolio.
TGBL is well placed to benefit from rising beverage consumption in India. TGBL has a strong presence in the hot drinks category especially in tea and coffee. The key geographies for TGBL are India, UK, US and Canada.
New business initiatives like joint venture with PepsiCo, Starbucks and tie up Green Mountain Coffee Roasters, Inc., certainly have a strong growth potential.
New business initiatives like joint venture with PepsiCo, Starbucks and tie up Green Mountain Coffee Roasters, Inc., certainly have a strong growth potential.
It is also likely to promote Mount Everest Mineral Water (MEMW) as an international brand through Starbucks outlets. These initiatives besides changing TGBL’s revenue mix, will also improve margins and capital ratios.
Buy Tata Global Beverage Limited at 152.0-153.0 levels for a target of 178.0
Keywords: Stock Ideas, Investment Tips, Tata Global Beverages Ltd., Stock Equity Tips
Buy Tata Global Beverage Limited at 152.0-153.0 levels for a target of 178.0
Keywords: Stock Ideas, Investment Tips, Tata Global Beverages Ltd., Stock Equity Tips
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