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August 30, 2016updated 10 Apr 2021 5:28pm

Tata Global Beverages eyeing dairy move

Tata Globa Beverages has said it could consider moves into the dairy sector as the group looks to expand into new sectors to develop the business.

Tata Globa Beverages has said it could consider moves into the dairy sector as the group looks to expand into new sectors to develop the business.

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A Tata spokesman told just-food: “We could also consider the dairy sector as we look at other natural beverages. However, we have not approved any specific proposal at present.”

The announcement came after MD and CEO Ajoy Misra told shareholders the group continues “strengthening its core businesses, innovating for growth and tapping white spaces in the market”.

Misra said in his annual report to shareholders: “Meeting challenges in the market, strengthening the business and ensuring long-term sustainable growth requires us to be keenly aware of our consumers’ needs and changing trends across the world.”

Group chairman Cyrus Mistry reportedly said there are plenty of opportunities in the dairy business, “particularly in India”, although he said there were no immediate plans to launch dairy products.

Tata, which is the owner of the Tetley tea brand, entered the UK food market for the first time with the launch of branded scones in 2011.

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Free Whitepaper
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What is the impact of China’s Zero-COVID lockdowns on economic activity, consumer goods and the foodservice industry?

While wanting to protect the country from being overwhelmed by Omicron, China’s adherence to a Zero-COVID policy is resulting in a significant economic downturn. COVID outbreaks in Shanghai, Beijing and many other Chinese cities will impact 2022’s economic growth as consumers and businesses experience rolling lockdowns, leading to a slowdown in domestic and international supply chains. China’s Zero-COVID policy is having a demonstrable impact on consumer-facing industries. Access GlobalData’s new whitepaper, China in 2022: the impact of China’s Zero-COVID lockdowns on economic activity, consumer goods and the foodservice industry, to examine the current situation in Shanghai and other cities in China, to better understand the worst-affected industry sectors, foodservice in particular, and to explore potential growth opportunities as China recovers. The white paper covers:
  • Which multinational companies have been affected?
  • What is the effect of lockdowns on foodservice?
  • What is the effect of lockdowns on Chinese ports?
  • Spotlight on Shanghai: what is the situation there?
  • How have Chinese consumers reacted?
  • How might the Chinese government react?
  • What are the potential growth opportunities?
by GlobalData
Enter your details here to receive your free Whitepaper.

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