Starbucks Plans Faster India Growth – TradingView

Starbucks SBUX is preparing a faster India expansion, with Tata Starbucks planning to add 50 to 100 new stores a year as demand for premium coffee grows across the country.
Tata Starbucks, a 50:50 joint venture between Starbucks and Tata Consumer Products, already operates more than 500 stores in India. CEO Sushant Dash told Bloomberg the chain has more than doubled its footprint over the past 4 to 5 years and now holds about 30% of India's organized cafe market.
The next phase will not be limited to traditional city cafes. Tata Starbucks plans to expand through drive-throughs, highway outlets, kiosks and premium Reserve stores, with stronger-than-expected demand in major metros such as Mumbai, Delhi and Kolkata. The company is also sourcing most products locally, including Indian-grown espresso beans roasted inside the country, to limit supply-chain risk and manage costs.
The catch is profitability. Tata Starbucks halved its net losses in the year ended March 31 and posted double-digit EBITDA growth, but the business is still legally loss-making. Dash said the company will not sacrifice growth for profitability.
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