Ratan Tata took over the reins of Tata Group in 1991, just as economic liberalization was set to open Indian firms up to foreign competition. Author Harish Bhat, who worked with Tata Group companies between 1987 and 2023, culls lessons from Tata's life and work for how to ride out systemic changes, among other things.
Post Tata Global Beverages's Q1 numbers, Harish Bhat, MD of the company told CNBC-TV18 that the key growth driver for it was and will continue to be a new product innovation in tea, coffee and water.
The company has posted a growth of 11 percent in its topline and 26 percent in its operating profits. Bhat credits the growth of various brands in different geographies for the positive numbers.
Harish Bhat, CEO & MD of Tata Global Beverages told CNBC-TV18 the third quarter has been very successful and despite the rising prices of tea they have shown a considerable improvement in their net profit.