Tata Starbucks

Tata Starbucks looks to stir a local brew for its India expansion

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

Nestle plans to sell Starbucks ready-to-drink coffee in India retail market

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

More than 5,000 Starbucks workers strike at 300 plus stores across US

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

Coffee culture in crisis? Starbucks India rethinks its growth brew

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

Tata faces pressure in Starbucks venture as Indian consumers cut back

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

Will keep introducing innovations in beverages and food: Tata Starbucks CEO

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 reports loss of Rs 24.97 cr, revenue up 70% in FY23

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

Younger Indian consumers now prefer cafes over quick-service restaurants

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

Starbucks brews up cheaper drinks in India as domestic rivals expand

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

Tata Starbucks adds bite-sized food, small portions beverages to its menu

Beverages to start at Rs 185 and food at Rs 160

Tata Starbucks adds bite-sized food, small portions beverages to its menu

Beverages to start at Rs 185 and food at Rs 160

Tata Starbucks revenue crosses the Rs 1,000 crore mark in FY23

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

Starbucks co-founder Zev Siegl spills the beans about building a brand

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

Brewing at Tata Starbucks: Double-digit growth, premium store, masala chai

In the Asia Pacific, Starbucks has 142 Reserve stores

Tata Starbucks opens 1st Reserve store in Mumbai for premium services

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 ...

Unionisation, first challenge brewing for Narasimhan as Starbucks CEO

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

Tata Starbucks sees 76% growth in revenue to Rs 636 crore for 2021-22

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

Tata Starbucks enters into six new cities, crosses 250 store benchmark

Tata Starbucks on Thursday announced entry into six new markets as part of its expansion into smaller cities in India

Higher costs dent Tata Consumer's performance in September quarter

Cost pressures to sustain as company is committed to increasing advertising spends

Sushant Dash elevated as Tata Starbucks' CEO, takes over on May 1

Incumbent Navin Gurnaney steps down; Dash will be fourth CEO to manage chain's India biz since it first launched in Oct 2012