Wagh Bakri’s Parag Desai predicts 5,000 tea cafes in next 5 yrs
Wagh Bakri Tea Group, one of the largest packet tea sellers in India, has plans to build a premium image of the beverage in the market. The company started off with its first tea lounge two and a half years back at Ville Parle, Mumbai and is expanding.
Wagh Bakri Tea, one of India’s strong regional brands that is poised to go get national acceptance and is already much popular in international countries too. It is also one of the brands that has taken upon itself to take the beverage beyond the masses and catch the imagination of the youth by opening premium lounges.
The company opened its first tea lounge two years back in Ville Parle in Mumbai. It recently, spread its wings in New Delhi too.
Speaking at the Mumbai leg of the Pitch CMO Summit, Parag Desai, Executive Director, Wagh Bakri Tea Group, said, “We have managed to do well in India. A few years ago there was nothing called as cafés for people to hang out and have meetings. Today, café has become a symbol of upper class segment where people enjoy that kind of environment.”
Elaborating on the Wagh Bakri Lounge, Desai said, “Our tea comes from Assam and we offer consumers various flavours of tea like green tea, organic tea, pudina tea, tea with an ice-cream and even mint tea. We believe that people should come to our outlet and try these types of tea and if only if they like it, they can pay for it.”
The lounges also offer Indian snacks. Wagh Bakri is refraining from selling pizzas and burgers. “We don’t believe in selling pizzas and burgers as we are an Indian company and want to connect with the consumers in a good way,” said Desai.
Commenting on the statistics of tea drinkers and its future, Desai said, “Today, the statistics says that there are more tea drinkers than that of coffee. India can easily see at least 5,000 tea cafes in the coming five years. We as Wagh Bakri, want to build an overall experience around the central theme tea.”
About becoming a national brand, Desai said, “We are not planning to become national overnight. We want to gain customer trust before becoming a national brand. Our plan is now to take our brand to South India.”
The presenting sponsor of the Summit was Jagran in association with Zee Bangla; and other associate sponsors included Times Television Network and Open magazine.
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