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.
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’.
In a bid to combat the problem of the current global economic crises, the fast moving consumer goods major, Unilever Group has decided to step up its cost cutting drive at the global level where it will concentrate more on protecting the cash flows. 
