Monday, January 7, 2013

07.01.2013 TRADING CALL


you may have to shell out more for your favourite cuppa as retailers are apprehending tea prices to go up by Rs 15-20 a kg by the end of this month. This might also lead to a down-trading in the tea segment as consumers could shift loyalty towards cheaper tea brands.
Leading premium tea retailers such as Tata Global Beverage, Hindustan Unilever, Society Tea, Girnar, Wagh Bakri among other brands, are set to witness a decline in sales as consumers might go for un-packaged tea or cheaper brands for their regular use, said Harendra Shah, Managing Director, Girnar.
Tea prices have gone up substantially in the last few years following a continued demand-supply gap. Last year around the same time, prices went up by Rs 10-15 on back of rising cons
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