Tata Tea moves up on UK acquisition buzz

This move is aimed at expanding company’s presence in the global beverages market. The reports suggest that the acquisition would help Tata Tea gain a larger share of the retail shelf space. Unlisted Liberty Tea is a popular brand in Europe.

In June 2007, Tata Tea bought Mount Everest Mineral Water for about Rs 210 crore. Tata Tea is the world’s second-largest global branded tea player with presence in 40 countries. Some of its famous brands include Tetley and Good Earth.

Tata Tea’s net profit fell 3.5% to Rs 43 crore on a 14% increase in sales to Rs 290.01 in Q1 June 2007 over Q1 June 2006.