iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Tata Consumer, HUL eyeing to buy tea major Girnar

16 Dec 2022 , 10:28 AM

Consumer companies Tata Consumer and Hindustan Unilever among others are looking to buy Girnar Food & Beverages, the Gujarat-based tea major, a valuation of Rs 1,000-1,500 crore. As per reports, Dabur was also interested in the deal, but the company denied about this.

If the acquisition takes place, it will strengthen the buyer’s hold in the western Indian market. HUL and Tata Consumer group is already dominating the Indian tea segment while Dabur has recently entered in the market.

As per Tracxn report, Girnar Foods and Beverages revenue in FY21 was Rs 380.8 crore, compared to Rs 325.2 crore in FY20. The company recorded a profit of Rs 22.8 crore in FY21, compared with Rs 13.52 crore in FY20.

Girnar Foods and Beverages incorporated in 1987. The company is promoted by Shah and Bhansali Family. Both the families have equal shareholding in the company. It has a strong presence in Maharashtra, especially in Mumbai, from where it generates a majority of its domestic sales.

Related Tags

  • Girnar tea
  • Hindustran Unilever
  • HUL
  • HUL News
  • Tata Consumer
  • Tata News
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.