Tata Starbucks

Specialty coffee chain plans to add 120 outlets this year, open its first overseas store in Dubai and target profitability by March 2028

Tata Consumer Products Chairman N Chandrasekaran on Wednesday said the company sees significant long-term growth potential for Tata Starbucks in India and believes the coffee chain could eventually scale up to around 8,000 stores in the country. Terming the Starbucks QSR chain business as "a very high-potential business", Chandrasekaran said it has become EBITDA positive in FY26. Discussions with the joint venture partner, Starbucks Corporation, indicate a substantial headroom for expansion in the Indian market, he said while addressing shareholders of the Tata group FMCG arm. "We have had discussions with our partner, and we think eventually the company can have 8,000 stores in India. We are continuing to add 50 to 100 stores," said Chandrasekaran, who is also Chairman of Tata Sons. Tata Starbucks, a 50:50 joint venture between Tata Consumer Products Ltd (TCPL) and US-based Starbucks Corporation, operates the QSR chain of Starbucks cafes in India. In its latest annual report, TCP

Starbucks has appointed Indian-origin technology executive Anand Varadarajan as its new executive vice president and chief technology officer (CTO), tapping a nearly two-decade Amazon veteran to lead its global technology operations. Varadarajan will take charge on January 19, join the company's Executive Leadership Team, and report directly to Chief Executive Officer Brian Niccol, Starbucks said. He succeeds Deb Hall Lefevre, who retired in September. At Amazon, Varadarajan spent close to 19 years building large-scale, customer-focused technology platforms, most recently overseeing technology and supply chain for its Worldwide Grocery Stores business. Earlier, he worked as a software engineer at Oracle and with several startups. Starbucks said Varadarajan brings deep experience in developing secure, reliable systems and scaling technology to support operational excellence while keeping customers at the centre. An alumnus of the Indian Institute of Technology (IIT), Varadarajan hol

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