Page 2 - Tea Firms

Unilever is said to kick off sale of large part of $5.6-bn tea business

The UK-listed consumer group has reached out to potential suitors and is expecting first-round bids in September, the people said, asking not to be identified discussing confidential information

Champagne of teas loses fizz amid scanty rainfall, last year's lockdown

Scanty rainfall, last year's lockdown, growing competition from Nepal and the disaster of the 2017 Gorkhaland agitation are steadily weakening exports and sales of Darjeeling tea

Bottom line swells for tea firms on lower crop, higher at-home consumption

Industry says Q3 of FY21 also likely to be good; Moreover, there will be no dry period as North Indian gardens observe closure during winters

Demand-supply mismatch to boost profitability of bulk tea cos in FY21: Icra

Bulk tea companies are likely to see a significant improvement in profitability during the ongoing financial year due to rise in domestic prices on account of a noticeable supply-demand mismatch

Tea firms see record prices boosting profits amid Covid-induced crop losses

Most companies returned to profits in the June quarter, and indications are that the current quarter, which is typically a good time for tea industry, will be even better

Tea stocks rally as prices surge amid supply disruption; should you buy?

Analysts remain cautious on tea-stocks as they believe the companies may witness lower growth in revenues due to loss in production.

Lockdown and uneven rainfall hits tea crop, prices firm up at auctions

The production in north India, comprising Assam and north Bengal, is down by 40 per cent from January to June as compared to the figures of 2019

Tea companies increasingly opting for loan moratorium to improve cash flows

Usually, during May-July, tea companies need a higher cash flow to ready the bushes for the second flush. This harvest is the most important in Assam and the second-most important in West Bengal

Covid-19: Tea firms fret about liquidity even as Centre allows production

While there has been practically no income due to lockdown, fixed costs such as wages and loan servicing have been mounting

Tea companies may lose Rs 2000 cr this year due to coronavirus outbreak

All of the 1422 registered tea estates and more than 250,000 micro-small planters have stopped production citing safety precautions for workers, unavailability of transport

US airstrike on Iran may impact business of Indian tea planters, exporters

What happens if the US refuses to exempt Chabahar port from sanctions, said an exporter

Tea Board mulls using blockchain to free Indian tea from adulteration

Plans are to trace the movement tea across the supply chain, from plantation to sale

Tea firms to approach Centre to seek exemption from TDS on cash withdrawals

Around 60 per cent of the total cost of production comprises of wages (both in cash and in kind) which is paid in cash

Dhunseri to Jay Shree Tea, Africa adds flavour to tea firms' profit margins

Production cost in Africa varies between $1 and $2 a kg while in Assam it is $1.9 and in West Bengal over $2