Sunil D'Souza tells Pavan Lall that the company, with market cap of Rs 51,000 crore, will use a bolt-on engine to reach 'deep rural' markets and sell its products on Tata Group's new 'Super App'
Says impact of pandemic on firm was mixed; while panic buying and closure of restaurants led to spike in retail and online sales, food service sales and out-of-home biz were impacted significantly
According to report, telecom operators Bharti Airtel, Vodafone Idea and Tata Teleservices are likely to make payment for the adjusted gross revenue dues today
"The company recorded steady revenue growth despite challenging macroeconomic conditions in India and some key international markets," Ajoy Misra, Managing Director and CEO, said.
The consolidated revenue from operations during the quarter increased 4 per cent to Rs 1,834 crore, driven by improvements in both branded and non-branded business.
According to Chandrasekaran, TGBL is currently faced with three core problems that the merger - likely to be in place in another 12-18 months - will address
While Amalgamated Plantations, so long, had limited itself solely into tea production and bulk tea manufacturing, it decided to venture into the retail space as margins are considerably higher
It's entry into the dairy segment is part of a larger strategy charted by Chairman, which includes diversifying TGBL's product portfolio, scaling up existing business and exiting loss-making ones