financetom
Business
financetom
/
Business
/
Hopeful of strong season for tea industry, says Vahdam Teas CEO Bala Sarda
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Hopeful of strong season for tea industry, says Vahdam Teas CEO Bala Sarda
Mar 10, 2021 7:13 AM

Bala Sarda, founder and CEO of Vahdam Teas, in an interview with CNBC-TV18, said he is very hopeful for a strong season for the industry overall.

Share Market Live

NSE

The industry had to face a lot of losses during COVID-19 pandemic last year. “However, the early signs for this season has been strong and we hope to see a competitive season going ahead and strong demand for first class teas from India globally,” he added.

“A bit of the tea industry is organised but there are hundreds of small growers who are contributing to this ecosystem to the industry. Even at Vahdam, apart from working with the bigger groups who own a lot of estates, we do work with smaller players as well. So overall the future looks bright for small growers in India,” he said.

Sarda sees a great fundamental shift towards more consumption of healthier variants of tea. “We have seen a strong demand across geographies for healthier variants like green teas, herbal teas. Both in India and global markets especially in the US, we have seen premium variants of tea growing to even 3x number for a few categories. That is broadly driven by wellness,” he stated.

“Tea will continue to grow, we are very excited as a brand to continue to push and build up momentum in these specific categories globally,” Bala pointed out.

For more, watch the video…

(Edited by : Bivekananda Biswas)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Lattice Semiconductor Finance Chief Sherri Luther Resigns; Interim CFO Named
Lattice Semiconductor Finance Chief Sherri Luther Resigns; Interim CFO Named
Oct 11, 2024
08:30 AM EDT, 10/11/2024 (MT Newswires) -- Lattice Semiconductor ( LSCC ) said Friday its Chief Financial Officer Sherri Luther resigned, effective immediately, to pursue a new opportunity. Tonya Stevens, who is corporate vice president and corporate controller, was named interim finance chief as the board conducts a search to identify a new CFO. Price: 50.80, Change: -0.51, Percent Change:...
Paltalk Says Judge Entered Order for Final Judgement in $65.7 Million Legal Win Against Cisco
Paltalk Says Judge Entered Order for Final Judgement in $65.7 Million Legal Win Against Cisco
Oct 11, 2024
08:31 AM EDT, 10/11/2024 (MT Newswires) -- Paltalk ( PALT ) said Friday that a judge filed an order for final judgment in its favor in its patent infringement lawsuit against Cisco Systems ( CSCO ) . The company said that Western District of Texas Judge Alan D. Albright filed an Oct. 8 order granting a motion for final judgment...
Nano Labs Regains Nasdaq Compliance for Market Value of Public Shares
Nano Labs Regains Nasdaq Compliance for Market Value of Public Shares
Oct 11, 2024
08:30 AM EDT, 10/11/2024 (MT Newswires) -- Nano Labs ( NA ) said Friday it has regained compliance with Nasdaq's minimum market value of publicly held shares, or MVPHS, requirement. The company said it regained compliance after meeting the MVPHS threshold of $15 million for at least 10 consecutive trading days. Nano Labs ( NA ) had fallen out of...
Chinese-Swedish Lynk & Co debuts new electric vehicle in Europe
Chinese-Swedish Lynk & Co debuts new electric vehicle in Europe
Oct 11, 2024
Oct 11 (Reuters) - Lynk & Co debuted its new battery-electric 02 vehicle in Europe on Friday as the Chinese-Swedish brand looks tap into new markets and boost sales. The introduction of the 02 to the European market comes at a challenging time for automakers who are currently struggling with weak demand for electric vehicles in major markets like China...
Copyright 2023-2026 - www.financetom.com All Rights Reserved