Tata Starbucks

Tata Starbucks says macro softness still weighs on sales, even as the chain expands its footprint and reassesses its 1,000-store target amid real estate and market constraints

Tata Starbucks stated on LinkedIn that it did not have any official brand ambassadors in India and specifically clarified that it had not entered into any collaboration with Dolly Chaiwala

Tata Starbucks' loss has widened to Rs 135.7 crore in FY25, but its revenue increased by 5 per cent to Rs 1,277 crore, according to the latest annual report of Tata Consumer Products Ltd (TCPL). Tata Starbucks, which operates the QSR chain of Starbucks cafes in a 50:50 JV with TCPL and US-based Starbucks Corporation, had reported a net loss of Rs 82.16 crore in FY24. TCPL, which aims to have a network of 1,000 cafes by the end of FY28, is experiencing revenue growth, helped by the expansion of a number of stores. Starbucks has opened 58 net new stores and entered 19 new cities in FY25, taking the count to 479 stores across 80 cities. "The revenue from operations stood at Rs 1,277 crore, improved by 5 per cent...driven by a higher number of stores," TCPL, the FMCG arm of Tata Group, said adding that it has now become the largest organised cafe operator in India based on store count. The year witnessed demand softness in the overall QSR (Quick Service Restaurant) space. Consequently,

India still lags global markets like China and the US, where Starbucks has the highest and second-highest number of stores, respectively

Despite India being a predominantly tea-drinking nation, coffee consumption is rising, especially in urban areas

The Christmas Eve strike on Tuesday was projected to be the largest ever at the coffee chain, the union added. These strikes are an initial show of strength, and we're just getting started

Tata Starbucks scales back store openings amid inflationary pressure and real estate challenges. The company remains bullish on India's cafe market, targeting 1,000 stores by 2028

However, Tata Consumer's CEO still expects its bet on coffee to pay off in the longer run as the country's coffee culture grows and cafe density is still low compared with other Asian countries such

The coffee penetration in the country is around 14-15 per cent, and at a cafe level, around 25 per cent for the affluent section

Tata Starbucks has reported a net loss of Rs 24.97 crore from its operations in India for the financial year ended March 31, 2023, according to financial data accessed through business intelligence platform Tofler. However, its revenue from operations was at Rs 1,086.89 crore for the said period, up 70 per cent helped by the addition of more cafes and expansion of the network in more cities in India. In India, Starbucks cafes are operated by Tata Starbucks Pvt Ltd. It is a 50:50 Joint Venture between Tata Consumer Product Ltd (TCPL) and Emerald City CV, a wholly-owned entity of Starbucks Corporation, USA. Tata Starbucks had reported a net loss of Rs 94.84 crore in FY22 and its revenue from operations was at Rs 636.11 crore. In FY23, Tata Starbucks' Advertising promotional expenses increased 84.45 per cent to Rs 34.05 crore. It was at Rs 18.46 crore a year ago. Besides, it has also paid a royalty of Rs 76.83 crore in the financial year ended March 31, 2023. Tata Starbucks has exp

Large chains like Tata Starbucks, Costa Coffee, and Barista have highlighted India as a top growth market, growing in double digits

Its new offerings are unique to India and unavailable in China, Singapore and the United States

Beverages to start at Rs 185 and food at Rs 160

Beverages to start at Rs 185 and food at Rs 160

During the January-March quarter, Tata Starbucks recorded a revenue growth of 48 per cent

Starbucks co-founder Zev Siegl, who was on a visit to India to attend Global Investors Meet in Bengaluru, was seen at a restaurant enjoying filter coffee and masala dosa

In the Asia Pacific, Starbucks has 142 Reserve stores

Tata Starbucks, which has completed a decade of operations in a checkered manner in terms of profitability and expansion, on Tuesday announced the launch of its first Reserve store here. Tata Starbucks, which currently operates 300 stores across 36 cities in India and is an arm of Tata Consumer Products, has added 32 stores in 14 cities this year so far, atop 50 stores added last fiscal. Adding 32 stores across 14 cities so far is the largest store expansion in a single year, Tata Starbucks chief executive Sushant Dash told PTI here. Dash said the company, which is yet to report its maiden profit, is out of the pandemic blues with Q1 FY23 revenue more than doubling to Rs 251 crore. In FY22, its topline grew 78 per cent to Rs 636 crore. It reported a net loss of Rs 95 crore. But Dash insisted the company is cash positive while refusing to offer a timeline on when it will be able to turn profitable. Starbucks Reserve store aims to elevate the coffee experience of the brand by ...

Narasimhan holds a degree in mechanical engineering from the College of Engineering, University of Pune, India

Its revenue growth was led by higher realisation from existing stores and new stores added during the financial year ended on March 31, 2022