One of India's foremost tea sector firms, the Goodricke Group Ltd is planning to venture into the value-added segment of ready-to-drink teas, by the end of this year. As a result, over a period of three years, the company's current six million kg sale of tea through packets will likely increase to ten million kg.
After finalizing a $200 million buyout transaction with French bigwig Groupe Danone - for its equal stake in biscuit major Britannia – the Wadia group will get complete control over Britannia Industries. Danone will sell its complete 25.48 percent stake to Leila Lands, a Wadia group firm which indirectly holds a similar stake in the biscuit company.
The takeover of the biscuit joint venture company, Britannia Industries, by Wadia will bring to an end the rancorous three-year scuffle between Wadia group and Danone, as the deal will mark the complete exit of the French foods’ company.
Motilal Oswal Financial Services, one of India's leading stockbroking and research firm, has come out with earnings estimates on FMCG sector for the quarter ended March 2009.
The company in its latest research report revealed that Nestle's March quarter sales are expected to go up by 18.7% to Rs 1295.4 crore on Y-o-Y basis.
In addition, Motilal Oswal predicated Nestle's net profit to go up by 18.5% to Rs 201.5 crore on Y-o-Y basis.
Motilal Oswal, one of the leading equity research and broking houses of India, has come out with earnings estimates for Tata Tea for the quarter ended March 2009.
According to the research conducted by the firm, Tata Tea, the Largest Tea manufacturing company in India, is expected to register 9.7% growth in March sales to Rs 1291.4 crore on Y-o-Y basis.
In addition, the company's net profit is also predicted to go up by 18.6% to Rs 80.8 crore on Y-o-Y basis.
In a latest report, Motilal Oswal, one of the leading stock research firms in India, revealed that Beauty and wellness company Marico's March quarter sales are expected to go up by 23.6% to Rs 578 crore on Y-o-Y basis.
In addition, the company's net profit is also expected to surge by 22% to Rs 36.8 crore on Y-o-Y basis.
It may be noted that apart from Motilal Oswal, many market analysts are also positive on Marico's upcoming results.
With the intention to strengthen its presence in the Russian beverages market, Tata Tea declared that the company, through one of its abroad arms, along with EBRD (European Bank for Reconstruction and Development) is all set to get hold of 51% equity stake in Russian packaging and distribution company ‘Grand’.
Grand is mainly focused on regions outside the big cities and areas including the Urals, Siberia and Southern Russia.
Tata will have an effective share of 33.2%, whereas EBRD will hold 17.8% in the Grand business respectively.
One of India's foremost tea sector firms, the Goodricke Group Ltd is planning to venture into the value-added segment of ready-to-drink teas, by the end of this year. As a result, over a period of three years, the company's current six million kg sale of tea through packets will likely increase to ten million kg. 
After finalizing a $200 million buyout transaction with French bigwig Groupe Danone - for its equal stake in biscuit major Britannia – the Wadia group will get complete control over Britannia Industries. Danone will sell its complete 25.48 percent stake to Leila Lands, a Wadia group firm which indirectly holds a similar stake in the biscuit company.
Motilal Oswal Financial Services, one of India's leading stockbroking and research firm, has come out with earnings estimates on FMCG sector for the quarter ended March 2009. 
In a latest report, Motilal Oswal, one of the leading stock research firms in India, revealed that Beauty and wellness company Marico's March quarter sales are expected to go up by 23.6% to Rs 578 crore on Y-o-Y basis.
With the intention to strengthen its presence in the Russian beverages market, Tata Tea declared that the company, through one of its abroad arms, along with EBRD (European Bank for Reconstruction and Development) is all set to get hold of 51% equity stake in Russian packaging and distribution company ‘Grand’.
