ICICI Securities Ltd | Retail Equity Research Tata Global Beverages (TGBL) reported a mixed set of Q2FY17 numbers. Consolidated sales for the quarter declined 2.6% YoY to | 1626.0 crore. The revenue of the branded division declined 2.0% (tea, coffee segments declined 0.3%, 9.6%, respectively). Nonbranded segment also witnessed 1.8% YoY de-growth. Though the underlying witnessed some volume growth, the same got offset by price reductions taken during the quarter and adverse impact of currency translations in the areas under operation...