Tata Beverages plans to add milk power to biz, in buyout talks with firms

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

Tata Global Beverages (TGBL) is refusing to let go of any chance to milk the Rs 1-trillion organised dairy market even after its plan to buy Prabhat Dairy fell apart due to valuation issues.

The branded tea, coffee and water arm of the Tata group is now evaluating three to four firms for a possible buyout, according to a person familiar with the discussions.  

“The company is doing due diligence of three to four companies, including a Hyderabad-based one, and should be able to close a deal by March,” said the person. “Dairy will be the company’s prime focus area