Tea boutique Chai Chun plans to expand retail footprint double revenue
Kolkata Apr 26 PTI Tea boutique Chai Chun is aiming at doubling its revenue in the next one year with expansion of retail outlets across the country and is in talk with owners of two tea gardens in West Bengals Darjeeling for acquisition a company official said on TuesdayThe Siliguri-headquartered tea retailer clocks an annual revenue of Rs 8-10 crore at presentIt is betting big on widening footprint from the existing 20 units throughout the country with plans to open outlets in 10 major airports in the next 12 months Chai Chun MD and CEO Rajeev Baid saidWe currently have 20 retail outlets across various locations such as Gurgaon Bangalore Kolkata and Dimapur These include boutiques in Kolkata and Bagdogra airports We are targeting to set up units in 10 major airports he saidThe tea boutique is all set to open four outlets at Varanasi Vijayawada and Bhopal airports and one more at the Kolkata airport within two months Baid saidWe are expecting to at least double our revenue in the next one year as we are bullish on the expansion plan and will launch more products to strengthen the current portfolio of 400 items Baid told PTIHe stated that his company has plans to open outlets outside India as wellWe have acquired Okayti tea estate in Darjeeling which is known for its yield and quality It is a 100-per cent organic tea garden We are now looking at more acquisitions and in talks for two more tea gardens in the hills he saidStarted in 2015 Chai Chun a unit of Evergreen Tea Group procures about 4-5 lakh kg of tea per annum and is planning to double the volume over the next few years Baid saidThe tea boutique offers more than 165 blends including 80 of orthodox variety and 65 of herbal floral fruit and green categories he added PTI BDC RBT RBT
Kolkata Apr 26 PTI Tea boutique Chai Chun is aiming at doubling its revenue in the next one year with expansion of retail outlets across the country and is in talk with owners of two tea gardens in West Bengals Darjeeling for acquisition a company official said on TuesdayThe Siliguri-headquartered tea retailer clocks an annual revenue of Rs 8-10 crore at presentIt is betting big on widening footprint from the existing 20 units throughout the country with plans to open outlets in 10 major airports in the next 12 months Chai Chun MD and CEO Rajeev Baid saidWe currently have 20 retail outlets across various locations such as Gurgaon Bangalore Kolkata and Dimapur These include boutiques in Kolkata and Bagdogra airports We are targeting to set up units in 10 major airports he saidThe tea boutique is all set to open four outlets at Varanasi Vijayawada and Bhopal airports and one more at the Kolkata airport within two months Baid saidWe are expecting to at least double our revenue in the next one year as we are bullish on the expansion plan and will launch more products to strengthen the current portfolio of 400 items Baid told PTIHe stated that his company has plans to open outlets outside India as wellWe have acquired Okayti tea estate in Darjeeling which is known for its yield and quality It is a 100-per cent organic tea garden We are now looking at more acquisitions and in talks for two more tea gardens in the hills he saidStarted in 2015 Chai Chun a unit of Evergreen Tea Group procures about 4-5 lakh kg of tea per annum and is planning to double the volume over the next few years Baid saidThe tea boutique offers more than 165 blends including 80 of orthodox variety and 65 of herbal floral fruit and green categories he added PTI BDC RBT RBT
