{"id":8676,"date":"2016-02-12T16:12:56","date_gmt":"2016-02-12T10:42:56","guid":{"rendered":"https:\/\/blog.fundsindia.com\/blog\/?p=8676"},"modified":"2016-02-17T14:07:09","modified_gmt":"2016-02-17T08:37:09","slug":"tata-global-beverages-ltd","status":"publish","type":"post","link":"https:\/\/fundsindia.com\/blog\/equities\/tata-global-beverages-ltd\/8676","title":{"rendered":"Tata Global Beverages Ltd"},"content":{"rendered":"<p style=\"text-align: justify;\">Tata Global Beverages (TGB) is the second-largest tea company in the\u00a0world. In FY15, TGB derived 74% of its turnover from tea sales. Its\u00a0brands have presence in over 40 countries. It is a global player with\u00a062% of the consolidated revenues coming from markets outside India\u00a0such as UK, USA, Canada etc. Apart from tea, TGB derived 25% &amp; 1% of\u00a0its turnover from coffee &amp; water sales respectively.<\/p>\n<div class=\"blog-highlight\" style=\"clear: both; background: #2baae2; border: none; width: 60%; text-align: center; box-shadow: 0 5px 5px rgba(0, 0, 0, 0.5);\"><a style=\"text-decoration: none;\" href=\"http:\/\/www.fundsindia.com\/content\/jsp\/registration\/login.jsp?ref=blog-button\" target=\"_blank\"> <span style=\"color: #fff; font-weight: bold;\">Open<\/span> <span style=\"color: #fff; font-weight: bold; text-decoration: none;\"> a FREE Account Now! <\/span><\/a><\/div>\n<p><strong>Valuation and view<\/strong><\/p>\n<p style=\"text-align: justify;\">We believe that TGB would gain market share across geographies\u00a0through its innovative premium product offerings. Moreover, the demand for\u00a0premium products is expected to grow continuously as result of increasing\u00a0awareness about health and wellness. This would help the top-line and Adj. PAT\u00a0to grow at a CAGR of 6% and 10% respectively over FY15-FY17E. Further, we rate\u00a0the stock as \u2018BUY\u2019 assigning a forward P\/E of 20.5x arriving at a target price of\u00a0Rs. 151 which implies potential upside of ~19% for the next 12 months.<\/p>\n<p><a href=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2016\/02\/Research-Report-Tata-Global-Beverages-Ltd.pdf\">Research Report Tata Global Beverages Ltd<\/a><\/p>\n<p><i>Investments in equity shares, debentures, etc., are not obligations of, or guaranteed by Wealth India Financial Services Pvt. Ltd., and are subject to investment risks.\u00a0<a href=\"http:\/\/pages.fundsindia.com\/pages\/disclaimer-equities\/\">Click here<\/a>\u00a0to read our full disclaimer.<\/i><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tata Global Beverages (TGB) is the second-largest tea company in the\u00a0world. In FY15, TGB derived 74% of its turnover from tea sales. Its\u00a0brands have presence in over 40 countries. It is a global player with\u00a062% of the consolidated revenues coming from markets outside India\u00a0such as UK, USA, Canada etc. Apart from tea, TGB derived 25% [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[59],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tata Global Beverages Ltd<\/title>\n<meta name=\"description\" content=\"Find the latest research report on Natco Pharma Ltd. 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