Hameed Huq, managing director, Tata Coffee says the company has been benefiting from its five revenue streams- instant coffee, green coffee, pepper, tea and timber.
Hameed Huq, managing director, Tata Coffee says the company is not merging with Tata Global Beverages contrary to some reports.
Speaking to CNBC-TV18, Huq says the company has been benefiting from its five revenue streams- instant coffee, green coffee, pepper, tea and timber.
Also read: Tata Coffee Q1 profit falls 25% on lower revenue, EBITDA
"We are the largest producer of black pepper in India and we continue to enjoy strong margins in it," adds Huq who believes that the company's 20 percent EBIT margins are much higher than other FMCG cos.
Below is the edited transcript of Hameed Huq's interview with Latha Venkatesh and Sonia Shenoy on CNBC-TV18.
Sonia: If you could throw some clarity on the rumours that the Tata Group is looking to go ahead and sort of amalgamate or even consolidate its entire beverage business and may merge Tata Coffee with the parent Tata Global Beverages. What is your take on that?
A: There are two kinds of mergers, one is what you would call the virtual merger and the other one essentially is what you call a legal entity merge. As far as the Tata Group is concerned, the beverage sector is already one unit under a group called Tata Global Beverages and Tata Coffee is very much a part of it.
Our individual business and all are tuned to one strategy. There have been no developments in the recent past to trigger this question. Situation will remain exactly what it was, what we had formed about three years back. There has been no recent development on the other way.
We are working as a group, it is a beverage group that encompasses all our tea, coffee and water and it is driven by Tata Global Beverages from the executive office level.
Latha: Probably because of legal reasons no steps have been taken on the merger as of now – legal merger?
A: Yes and it is not really required because as a business we run as a group. It is one combined strategy and is worked out over there.
Tata Coffee stock price
On August 21, 2014, at 11:13 hrs Tata Coffee was quoting at Rs 926.40, up Rs 13.35, or 1.46 percent. The 52-week high of the share was Rs 1184.85 and the 52-week low was Rs 869.90.
The company's trailing 12-month (TTM) EPS was at Rs 51.90 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 17.85. The latest book value of the company is Rs 323.34 per share. At current value, the price-to-book value of the company is 2.87.
Anda sedang membaca artikel tentang
Tata Coffee not merging with Tata Global Beverages: MD
Dengan url
https://olahragakecantikan.blogspot.com/2014/08/tata-coffee-not-merging-with-tata.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Tata Coffee not merging with Tata Global Beverages: MD
namun jangan lupa untuk meletakkan link
Tata Coffee not merging with Tata Global Beverages: MD
sebagai sumbernya
0 komentar:
Posting Komentar