Goodricke Group, a prominent Indian tea company and subsidiary of UK-based Camellia, is set to diversify into the FMCG and hospitality sectors as part of a major restructuring initiative.

The company will sell off four tea gardens, including two already divested, to fund its expansion into new verticals. Vice-Chairman and MD AN Singh, speaking after the company’s 49th AGM, revealed that Goodricke aims to evolve into a full-fledged FMCG firm, offering milk products, horticulture items, and white label goods under the Goodricke brand alongside its core tea business.

Additionally, the company plans to develop hospitality assets in Kolkata, Dooars, and Darjeeling, focusing on tea tourism. It is currently in talks with two to three leading hospitality groups for property management deals. A property in Mirik will see expansion from six to 20 rooms, with infrastructure development by Goodricke and operations handled by a hospitality partner.

The company is also venturing into piggery and cultivation of turmeric, garlic, and ginger. Bengal has permitted 30 percent of garden land for alternate use, aiding diversification. Goodricke currently operates 18 tea gardens, producing 17 million kg annually across Dooars, Assam, and Darjeeling.