Jul 15, 2013, 10.05 PM IST | Source: PTI

Tata Global to make investment in brands: Mistry

Tata group chairman Cyrus Mistry, while addressing the annual general meeting (AGM) said that the company would make substantial investments in its brands for making the company grow.

Tata Global Beverages would make substantial investments in its brands for making the company grow, company chairman Cyrus Mistry said today. Mistry, who addressed shareholders in his new capacity for the first time, said:

"It is crucially important to grow our brands in India and overseas. There is also a need for innovations which need funds. Large foundations have been laid which need to be grown."

Also read: 6 stock ideas to liven up your trade

He said that the company's brands, which included Tata Tea, Tetley, Himalayan water, and 8'0 Clock Coffee were doing very well, along with the joint ventures with Starbucks and Pepsico.

Mistry said that Starbucks has 17 outlets across the country and more would be added. "In Starbucks, we are in an investment phase. The break-even will come in a couple of years," he said.

The JV with Pepsico would also be strengthened, he said. Mistry said Tata Global (formerly Tata Tea) would get out of all non-core investments depending upon market conditions and requirement of funds.

Also watch the accompanying video.

Tata Global Bev stock price

On April 23, 2014, Tata Global Beverage closed at Rs 155.85, down Rs 1.65, or 1.05 percent. The 52-week high of the share was Rs 170.20 and the 52-week low was Rs 128.05.


The company's trailing 12-month (TTM) EPS was at Rs 6.19 per share as per the quarter ended December 2013. The stock's price-to-earnings (P/E) ratio was 25.18. The latest book value of the company is Rs 37.49 per share. At current value, the price-to-book value of the company is 4.16.

Set email alert for

ADS BY GOOGLE

Buy & sell politicians on Power Play
- the political stock exchange

Price Update

Narendra Modi

99923.16 2,564.73 2.63%

2518

Bought today

2609

Sold today

1.6%

User holding

video of the day

Add cyclicals, banks on positive poll outcome: UBS

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.