The loss of Tata Starbucks has widened 135.7 crore in FY25, but its revenue increased by 5 percent According to the latest annual report of Tata Consumer Products Limited (TCPL) 1,277 crore.
The Tata Starbucks, which operates the QSR series of Starbucks Cafe in 50:50 JV with TCPL and US-based Starbucks Corporation, reported net damage. 82.16 crore in FY24.
TCPL, which aims to a network of 1,000 cafes by the end of FY28, is experiencing revenue growth, helps in detail of many stores. Starbucks has opened 58 net new stores and entered 19 new cities in FY 25, counting at 479 stores in 80 cities.
“Standing in revenue from operation 1,277 crore, 5 percent improved … Operated by shops, “TCPL, FMCG Arm of Tata Group, said it has now become the largest organized cafe operator in India on the basis of store count.
The year saw the demand tenderness in the overall QSR (quick service restaurant) location. As a result, sales growth was subdued, and profitability remained silent.
Starbucks continue to focus on long -term trade opportunities in India, it said.
“Tata Starbucks is the largest organized cafe operator based on the store count in India, although a similar per capita income is much lower than the GDP.”
Despite the opening of a more medium number store in the short term, JV is committed to extending our store base in India and reaching 1,000 outlets by FY 28, “it said.
In FY25, TCPL has invested 125 crores in Tata Starbucks.
In addition, it also expects development from its vending business ‘Tata Mybistro’, which is mainly a new entry into the segment offering a variety of coffee, tea and other drinks for institutional customers.