Tata Starbucks

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

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

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

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

Sushant Dash will take over as CEO from May 1, 2021, the company announced on Wednesday

Tata Starbucks will increase the number of coffee outlets across India and the business will emerge "much stronger" from the coronavirus pandemic as consumers gravitate towards more trusted brands, according to Tata Consumer Products Ltd (TCPL). A 50:50 joint venture between TCPL and Starbucks Corporation, Tata Starbucks, has so far reopened around 60 per cent of its stores in India after the lifting of lockdown even as it opened two stores- one in Delhi and one in Mumbai - operated entirely by women, as part of its commitment to create more opportunities for women and empower them. "Tata Starbucks is a business on a very strong footing, having delivered very strong growth and great financial improvement year on the year prior to the disruptions due to COVID-19, and we remain focused on expanding its presence further," TCPL Managing Director & CEO Sunil D'Souza told PTI. "While the business has been impacted by COVID, around 60 per cent of stores have now reopened. Alternative ...

The company's expansion plans for the country remain intact

The consolidated top line of Tata Consumer Products for FY20 stood at Rs 9,637 crore after the merger.

Though business achieved high store growth, Tata Starbucks' profitability was adversely impacted in FY20