Refreshing brew: The firm will scale up the tea business through either the organic or inorganic route. It had entered the tea business in 2000. The packet tea business contributed ₹80 crore to EIIL’s annual turnover of ₹1,323 crore for the year 2015-16. “While contributing 6% to the top line, it was virtually a zero-margin business,” he said, adding that the current exercise would bring clarity to EIIL’s tea business. Khaitan group company Mcleod Russel India Ltd. which is into bulk tea production with estates in India, Vietnam and Africa.

Source: The Hindu February 20, 2017 16:45 UTC