Tata Global Bev plans restructuring

Earlier in his address to shareholders,Tata said that the company is aiming for revenues of 5 billion in the next 5 years,from the present 1.5 billion.

Over the next 5 years,we are looking to grow our EBITDA levels by 15 percent year-on-year,he said.

The growth would come from acquired and own brands,product development and acquisition,Vice Chairman R.K. Krishna Kumar told reporters. Tata Global expects its margins to be under pressure in FY11 on increase in input prices and shortage of production of tea and coffee,Tata said.

The company is also looking at exploring a joint venture with PepsiCo for global distribution for its products,excluding tea. Pepsi distribution will enormously help the reach of Himalayan products and the losses would be turned into profits,whenever we start joint operations,he said.

Himalayan,the brand under which the company sells packaged drinking water,suffered losses of 140 million rupees in FY10,according to the company8217;s annual report.

Last year,Tata Global signed a Memorandum of Understanding MoU with US-based PepsiCo Inc to explore the possibility of joint venture.

At 2:14 p.m. shares of the company were trading up 5.39 percent at 117.30 rupees in a steady Mumbai market.