Goodricke Group
Goodricke MD Atul Asthana decides to step down; cites personal reasons
"The Group made profits up to 2022. It's only in 2023 a loss was reported mainly due to depressed price realisation," said Asthana
 "Goodricke MD Atul Asthana decides to step down; cites personal reasons")
Goodricke hopes to return in black this fiscal, looks to diversify
Tea major Goodricke Group Ltd, a part of the UK-based Camellia Plc, is hoping to return in black this fiscal and looking to diversify into the hospitality sector with an aim at offsetting its losses in the plantation business in Darjeeling, Managing Director and CEO Atul Asthana said. The company, however, is expecting a flat growth in tea production this year to around 32 million kgs, including the output of its three subsidiaries, and is likely to witness a de-growth in revenue in the current fiscal as "subdued tea prices" remain a concern for it, he said. The group will look for acquisitions of gardens in Assam in near future, particularly after the industry gets rid of the "current difficult phase", he said. "The Goodricke and its subsidiaries together annually produce around 30 million kgs. There will be a flat growth this year as output is expected to be 32 million kgs. The revenue of the group as a whole was around Rs 1,200 crore last year but we may witness a de-growth in ..
 "Goodricke hopes to return in black this fiscal, looks to diversify")
Goodricke eyes acquisitions in Assam
Company's 8 tea gardens in Darjeeling have been closed since early June due to Gorkhaland protest
 "Goodricke eyes acquisitions in Assam")
