Expect 8-10% volume growth in FY20, says Tata Global Beverages

Rakesh Sony, global head-strategy and mergers and acquisitions (M&A) at Tata Global Beverages, shared his views and outlook on the company's expansion plans as well as on the overall business.

“In India business, we grew by almost 8 percent in Q1 vis-a-vis in the last quarter of the last financial year. This is the expected growth that we have. Fortunately, we are in categories which are quite defensive. We don’t see a significant slowdown as far as our consumption is concerned. We are expecting a good growth for ourselves in this financial year,” Sony told CNBC-TV18 on the sidelines of Motilal Oswal 15th Investor Conference in Mumbai.

“In Q1 our volume growth has been 8 percent and value growth has been 7 percent. That is the trend that we expect to continue going forward for this financial year. We would be in the ballpark of 8-10 percent as far as volume is concerned,” he added.