TGBL associate Amalgamated Plantations to strengthen retail presence, folio

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

A year and a half after the launch of packet tea, Tata Global Beverages Ltd (TGBL) associate company Amalgamated Plantations, is planning to treble sales volume this year from this segment which would see its accumulated losses of around Rs. 80 crore coming down.

In the first year of its operations, the company was able to sell around 0.3 million kg (mkg) of tea directly in the retail market which made up for around 1 per cent of its net income. 

While Amalgamated Plantations, so far, had limited itself to tea production and bulk tea manufacturing, it decided to venture