Tatas take Himalayan to Singapore; more global marts soon

Tatas take Himalayan to S'pore; more global marts soon
Tatas to take Himalayan to Singapore

Mumbai: Nearly two years after it had said its premium water brand Himalayan would go global piggybacking Starbucks, Tata Global Beverages has finally taken the product to Singapore.

The tea, coffee and water business arm of the diversified Tata Group has said the response to the product has been on par with the French rival Evian.

"It's over a year (last October) that we test-launched the Himalayan water brand in the Singaporean market through the Starbucks outlets. Following the good response, we recently appointed a few national distributors for retail sale as well," Tata Global Beverages managing director and chief executive Ajoy Misra told PTI.

He did not name the distributors or disclose their count.

When asked about retail response to Himalayan in Singapore, he said: "If the initial store reports are to be believed it is being sold very well, even on par with the French rival brand Evian, which is priced at par."

On the next markets for the Himalayan, Misra said it will soon be travelling to new international markets, but declined to share the timeline or name the geographies.

In 2012, the Tatas roped the iconic American coffee chain Starbucks into the country in an equal JV and today it has 50 outlets spanning Mumbai, Delhi-NCR, Bangalore, Pune and Chennai.

At that time the Tatas and Starbucks had said they would be taking Himalayan overseas.

When pointed out that in the domestic market it's hardly seen at retail stores, Misra said it is available at all modern trade outlets and also through major Pepsi distributors, as the company has a joint venture NurishCo.

If the price would be cut to increase volume of Himalayan in the doemstic market, Misra answered in the negative and said: "The brand is in fact under-priced and we want to retain it as a real premium brand.”

It is available in the domestic market at Rs 50/L and Rs 25 for 500-ml.The Tatas entered the bottled water business by acquiring Mount Everest Mineral Water Co, the then owners of Himalayan, in 2007.

Initially it had bought 26 per cent in Mount Everest, for Rs 115 crore and later the Tatas increased stake to 50 per cent and merged it earlier this year with TGB.

 

Publish Date
Not Sponsored
Live: People Reading Now
 
 
 
 
TRENDING ARTICLE
RECOMMENDED FOR YOU