【出版时间及名称】：2009年12月印度茶行业研究报告
        【作者】：ICICI
        【文件格式】：PDF
        【页数】：53
        【目录或简介】：
Content Page No.
• Global demand-supply dynamics
Production shortfall in key exporting countries 3
Negligible area additions under black tea 3-4
Global black tea demand outpacing supply 5
• Decline in global tea production to benefit Indian exports 6
• Domestic demand-supply scenario likely to remain tight 7
Poor weather conditions result in production shortfall 8
Re-plantation to result in a loss of production in short-term 9
Paradigm shift from CTC to Orthodox 10
Consumption steadily rising 10
• Tea prices to remain firm 11
• Risks to our call 12
• Valuation 13-15
• Initiating Coverage
• McLeod Russel 16-27
Volume growth, high price realisation to boost sales
Highest EBITDA margin in the industry
Rising exports to enhance margins
• Jayshree Tea 28-37
Price realisation led revenue growth
Export of high quality Darjeeling tea to enhance margin
Scouting for acquisitions to increase volumes
• Harrison Malayalam 38-50
High tea realizations to drive growth
Rising crude prices to trigger spurt in rubber prices
Forward integration to expand reach
Annexures