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Goodricke Group to start online sales in international market

22 Apr 2013 Evaluate

Tea major Goodricke Group is likely to begin online sales of packet tea in international market in the next six months. At present, the entity is selling Darjeeling packet tea online in the domestic market only. It has appointed international agencies to develop the software for making payments gateways. The company is also looking at acquiring land in Assam.

The tea maker from its 30 gardens – 8 in Darjeeling, 10 in Assam and 12 in Dooars - together produces 28/29 million kg of made tea. Another five mkg of bought leaf are processed in the company’s factories, thus bringing the total production tea to around 33/34 mkg. Replantation and rejuvenation of bushes did not help much achieve a major breakthrough in production.

Goodricke Group Share Price

168.55 6.25 (3.85%)
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