New Delhi, April 23 -- Fast-moving consumer goods company Tata Consumer Products, which sells tea, coffee, and salt, said on Wednesday that any proposed tariffs imposed by the US will give the company a competitive advantage, given that the Western nation primarily imports all coffee. However, it may put pressure on its salt and supplements brands imported from India.
During the company's post-earnings call Wednesday evening, management said the impact would depend on the final tariff rates. Given that the US does not produce coffee or tea, the company anticipates a relatively even playing field from a competitive standpoint.
In the US, the company sells brands such as Tetley, Good Earth tea, Teapigs, Tata Tea, and Organic India, in add...
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