Beverage start-up company Latambarcem Brewers (LB Brewers) has partnered with Haldiram’s to market its iced-teas ‘Borécha Icey’ and is aiming for a turnover of Rs 20 crore in the current financial year.
The Goa-based LB Brewers manufactures craft beer and non-alcoholic functional beverages such as premium iced-teas, kombucha, and zero sugar seltzers, having an annual capacity of 150,000 & 100,000 cases, respectively.
Commenting on the tie-up with Haldiram’s, one of India’s most popular brand for snacks and sweets, Mr. Aditya Ishan Varshnei, co-founder and CEO of Latambarcem Brewers said, “We are excited to have entered into a marketing tie-up with renowned Haldiram’s Group. Under this partnership, our premium iced-tea beverage Borécha Icey will be available at 100+ outlets of Haldiram’s spread across Delhi-NCR.”
“We appreciate that Haldiram’s has decided to promote healthy and functional beverages through its outlets,” he said.
LB Brewers is expecting a tremendous response to its healthy drinks. The demand for healthy food & beverages has surged during the last two years because of multiple factors, including the covid pandemic.
Initially, the co-branded Borécha will be available in three different flavours at Haldiram’s outlets, and depending upon the response and customer feedback, LB Brewers would consider introducing more flavours of Borécha at Haldiram’s.
“We are targeting to sell at least 70,000 cases valuing Rs 10 crore during this fiscal, and we are anticipating a significant jump in both volume and value terms over the next 2-years. In fact, in 2023-24, we are expecting over a 500 percent jump in our business,” Varshnei said.
“Borécha is made from natural ingredients and is a low-sugar product — something today’s health-conscious customer would prefer to other iced teas available in the market,” he added.
‘Borécha’, an natural cold brewed iced tea available in a can, is available in over 15 states. It is available through e-commerce channels such as Amazon and other notable high-end retail outlets across the country.
Besides the iced-tea, LB Brewers is also into the craft beer segment having its own brewery in Goa. During the last financial year, the company sold 25,000 cases of beer and 40,000 cases of ‘Borécha’, valued at Rs 3 Crores and Rs 2 Crore, respectively.
LB Brewers, however, did not disclose the financials of the arrangement.
Source: Company press release