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Jay Shree Tea & Industries Ltd. Reports Strong Financial Results for Q3 FY23
The company's net profit rose by 23% to Rs. 142.65 crore, driven by higher sales and improved margins. Revenue from operations increased by 18% to Rs. 749.66 crore. Jay Shree Tea's strong performance was attributed to factors such as cost optimization initiatives, increased demand for its products, and favorable market conditions. The company expects to continue its growth momentum in the coming quarters.
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Jay Shree Tea & Industries Ltd. Announces Acquisition of 51% Stake in McLeod Russel India Ltd.
This acquisition will significantly expand Jay Shree Tea's footprint in the Indian tea industry and strengthen its position as a leading global player. McLeod Russel India Ltd. is one of the largest tea producers in India, with a strong presence in Assam and West Bengal. The acquisition will provide Jay Shree Tea with access to McLeod Russel's extensive tea estates, processing facilities, and distribution network. Jay Shree Tea plans to leverage its expertise and resources to enhance the operations of McLeod Russel and drive future growth.
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Jay Shree Tea & Industries Ltd. Launches New Product Line of Specialty Teas
The company has introduced a range of premium teas under the 'Tea Treasures' brand, catering to the growing demand for specialty teas among consumers. The new line includes exotic tea blends, single-origin teas, and herbal infusions, sourced from the finest tea gardens around the world. Jay Shree Tea aims to tap into the growing trend of tea connoisseurs seeking unique and flavorful tea experiences.
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Jay Shree Tea & Industries Ltd. Declares Dividend for 2023
The Board of Directors of Jay Shree Tea & Industries Ltd. has declared a dividend of Rs. 3 per equity share for the financial year 2022-23.
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Jay Shree Tea & Industries Ltd. Reports Strong Financial Results for Q3 FY23
Jay Shree Tea & Industries Ltd. has reported strong financial results for the third quarter of fiscal year 2023, with revenue increasing by 15% year-over-year.
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Jay Shree Tea & Industries Ltd. Launches New Tea Brand
Jay Shree Tea & Industries Ltd. has launched a new tea brand called 'Te-Amo'. The brand is targeted at the premium tea segment and is available in a variety of flavors.
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Jay Shree Tea & Industries Ltd. Reports Strong Financial Results for Q1 FY23
The company reported a 15.6% increase in revenue and a 20.3% increase in net profit for the quarter ended June 30, 2022, compared to the same period last year.
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Jay Shree Tea & Industries Ltd. to Expand Tea Production Capacity
The company plans to invest Rs. 100 crore to increase its tea production capacity by 15 million kg per annum.
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Jay Shree Tea & Industries Ltd. Launches New Tea Brand
The company has launched a new tea brand called 'Jivraj' which is targeted at the premium tea market.
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Jay Shree Tea launches new tea brand 'Jashn'
Jay Shree Tea & Industries Ltd. has launched a new tea brand, 'Jashn', in the premium segment. The tea is a blend of Assam and Darjeeling teas, and is available in both leaf and dust form.
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Jay Shree Tea reports strong financial results for Q3 FY23
Jay Shree Tea & Industries Ltd. has reported strong financial results for the third quarter of FY23. The company's revenue grew by 15% to Rs. 350 crore, and its net profit grew by 20% to Rs. 50 crore.
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Jay Shree Tea acquires majority stake in Assam tea estate
Jay Shree Tea & Industries Ltd. has acquired a majority stake in an Assam tea estate. The estate, which is located in the Dibrugarh district, has a total area of 1,000 hectares.