Coffee culture in crisis? Starbucks India rethinks its growth brew

Quick Summary:

Tata Starbucks scales back store openings amid inflationary pressure and real estate challenges.

But global coffee chain Starbucks is feeling the squeeze in the world’s most populous nation.

Tata Starbucks’ revenue increased 12 per cent to Rs 12.18 billion ($143.6 million) in the last financial year, but its net loss widened to Rs 800 million from Rs 250 million.

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Category: BusinessFinance

Markets: IndiaChinaIndonesiaVietnam

Topics: Starbucks India Coffee culture urban India Indian cafe growth Starbucks 2028 strategy Starbucks 1 Tea-drinking nation shift Loyalty programs Starbucks Global coffee chains India Tata Starbucks Rising disposable income India Affordable Starbucks drinks 000 stores goal Starbucks localisation India Starbucks expansion plans Starbucks long-term strategy Picco cup India Chai Tea Latte India India's coffee culture Starbucks real estate challenges Real estate hurdles India Elaichi Mawa Croissant Starbucks Inflation impact on cafes India's cafe culture India's cafe density Urban millennials coffee Tata Consumer Products Tier-III cities coffee Tier-II cities coffee

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-19 @ 11:00:27 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 395 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 24544259

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