logo
Tata Starbucks reports ₹135.7 crore loss in FY25 despite 5% revenue growth

Tata Starbucks reports ₹135.7 crore loss in FY25 despite 5% revenue growth

Hindustan Times26-05-2025

Tata Starbucks' loss has widened to ₹135.7 crore in FY25, but its revenue increased by 5 per cent to ₹1,277 crore, according to the latest annual report of Tata Consumer Products Ltd (TCPL).
Tata Starbucks, which operates the QSR chain of Starbucks cafes in a 50:50 JV with TCPL and US-based Starbucks Corporation, had reported a net loss of ₹82.16 crore in FY24.
TCPL, which aims to have a network of 1,000 cafes by the end of FY28, is experiencing revenue growth, helped by the expansion of a number of stores. Starbucks has opened 58 net new stores and entered 19 new cities in FY25, taking the count to 479 stores across 80 cities.
"The revenue from operations stood at ₹1,277 crore, improved by 5 per cent...driven by a higher number of stores," TCPL, the FMCG arm of Tata Group, said adding that it has now become the largest organised cafe operator in India based on store count.
The year witnessed demand softness in the overall QSR (Quick Service Restaurant) space. Consequently, the sales growth was subdued, and profitability remained muted.
Starbucks continue to focus on long-term business opportunities in India, it said.
"Tata Starbucks is the largest organised cafe operator in India based on store count, though the industry is significantly under-penetrated in comparison to similar per capita income GDP countries," it said.
Despite a more moderate number of store openings in the short term, the JV "remains committed to increasing our store base in India and get to 1,000 outlets by FY28," it added.
In FY25, TCPL has invested ₹125 crore in Tata Starbucks.
Besides, it also expects growth from its vending business 'Tata MyBistro', a new entrant in the segment offering a variety of coffee, tea and other drinks mainly to institutional customers.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Clean air zones set to transform Vijayawada, Vizag neighbourhoods from July
Clean air zones set to transform Vijayawada, Vizag neighbourhoods from July

Time of India

time30 minutes ago

  • Time of India

Clean air zones set to transform Vijayawada, Vizag neighbourhoods from July

1 2 Vijayawada: Come July, select neighbourhoods in Vijayawada and Visakhapatnam could breathe easy, thanks to the phased implementation of the Clean Air Zones (CAZ) project. In a major step towards improving urban air quality, the Andhra Pradesh Pollution Control Board (APPCB) on Tuesday hosted a multi-agency workshop in Vijayawada to kick-start the phased implementation of CAZs. It brought together key officials from municipal corporations, police and transport departments of the two fast-growing cities and featured the expertise of Transport for London (TfL). Areas close to Ramesh Hospital Junction, Siddhartha College Junction in Vijayawada and King George Hospital in Visakhapatnam will benefit from the CAZ initiative and are gearing up for the implementation. "The phased approach will allow authorities to tailor solutions for these neighbourhoods to inspire more city-wide efforts, while building the foundation for broader, long-term clean air strategies across Andhra Pradesh", said P Krishnaiah, chairman, APPCB. Based on the broader vision of chief minister Chandrababu Naidu to foster healthier, future-ready urban environments, Artha India — a Mumbai-based organisation supporting governments for effective urbanisation and digitalisation implementation efforts — is leading implementation support for the project. Technical expertise for the project is coming from London and Delhi-based partners, TfL and TERI, respectively. Artha India is also expected to be onboarded as a knowledge partner to Andhra Pradesh for climate resilience and health. "A successful implementation of Clean Air Zones will improve air quality and particulate matter concentration at local hotspots. For the past two years, we have been gathering technical inputs and mapping stakeholders to support implementation of site-specific emission-reduction measures involving congestion management, streamlining public transport, last-mile connectivity, and other green initiatives", says Artha India CEO, Pritika Hingorani. The forthcoming phase of CAZ implementation will also include area improvement projects that include optimising parking arrangements and novel nature-based solutions like permeable pavements and Miyawaki forests at junctions. "We are confident that the participation and efforts of all stakeholders in implementing pollution control measures starting next month, including low-cost continuous air monitoring, will make CAZs a success. We are also exploring how to make this initiative sustainable and low-cost in the long run by involving businesses as partners in building a green and clean Vijayawada", said Dr. Swapna Kota, project manager , Sustainability and Resilience Unit, Greater Visakhapatnam Municipal Corporation.

Pakistan COAS Asim Munir Invited To US Army Day Celebrations On June 14: Sources
Pakistan COAS Asim Munir Invited To US Army Day Celebrations On June 14: Sources

News18

timean hour ago

  • News18

Pakistan COAS Asim Munir Invited To US Army Day Celebrations On June 14: Sources

Last Updated: During this visit, the US is likely to urge Pakistan to take action against terrorist groups targeting Afghanistan and India Pakistan's chief of army staff General Syed Asim Munir Ahmed Shah is scheduled to visit Washington DC, for the US Army Day celebrations on June 14, top intelligence sources have told CNN-News18. He will join other military leaders to commemorate the US Army's 250th anniversary. According to sources at the Pakistani Embassy in Washington DC, Munir is expected to arrive on June 12. During this visit, the US is likely to urge Pakistan to take action against terrorist groups targeting Afghanistan and India. The invitation appears to be linked more to the ongoing US-China rivalry and Pakistan's strategic importance than any stance against India. Due to Pakistan's close ties with China through initiatives like the China-Pakistan Economic Corridor (CPEC) and the Belt and Road Initiative (BRI), the US harbours concerns about Pakistan's neutrality. Given the current geopolitical climate, the US is unlikely to view Pakistan as a credible or neutral mediator, said sources. This visit has also provoked political reactions within Pakistan, with the Pakistan Tehreek-e-Insaf (PTI) planning protests against Munir's visit and labelling him a criminal. Pakistan is expected to seek assurances from the US regarding the Tehrik-i-Taliban Pakistan (TTP) operating from Afghanistan. Historically, Pakistan has sought US mediation on various issues, while India firmly rejects third-party involvement. The US prefers bilateral dialogue and is unlikely to alter its stance in favour of mediation, sources said. Pakistan recognises the potential debt trap associated with China and is eager to attract investment from other global powers. The country possesses valuable resources such as lithium, copper, gold, and rare earth minerals, for which it urgently requires investment. However, Pakistan is wary of potential colonisation similar to China's approach. The visit aims to manage the strained security relationship between the US and Pakistan. Pakistan will likely pursue its agenda on mediation in Kashmir and seek investments in its mineral resources. However, tangible outcomes may be limited, as India is unlikely to accede to any external demands regarding Kashmir. First Published: June 11, 2025, 02:37 IST

Haryana CM praises PM's 'transformative leadership' over Congress-era's indecisiveness
Haryana CM praises PM's 'transformative leadership' over Congress-era's indecisiveness

United News of India

time2 hours ago

  • United News of India

Haryana CM praises PM's 'transformative leadership' over Congress-era's indecisiveness

Chandigarh, Jun 10 (UNI) Haryana Chief Minister, Nayab Singh Saini, addressing a press conference on the completion of 11 years of the Modi Government, praised Prime Minister Narendra Modi's leadership for "steering the nation from a time of indecision and inefficiency to an era of dynamic governance, national pride, and global recognition". He described the last 11 years as the most transformative phase of independent India, where each citizen has felt the presence of a decisive, sensitive, and effective government. "Today's India is led by Vision, Not Vote-Bank Politics," he said. Saini said, while the previous Congress-led governments were often marked by hesitation, weak decision-making and misplaced priorities, PM Modi gave India a clear vision, a strong direction, and an unwavering commitment to public welfare and nation-first governance. Before 2014, "the country was engulfed in an atmosphere of gloom and distrust. Corruption, and ineffective leadership had blocked our progress. Those days were ruled by fear, nepotism, regionalism, and corruption, there was a complete lack of fair governance. But under the PM Modi's leadership, India witnessed a decisive and transparent administration," said CM Saini. Saini said that when PM Modi assumed office in 2014, our economy ranked 11th worldwide. He highlighted how under PM's leadership India's economy rose from the 11th to being the fourth largest global economy. He said that India's total exports reached $825 billion in 2024-25. Engineering exports grew from $73 billion in 2014-15 to $117 billion in 2024-25. Besides this, Defence exports have risen 34‑fold since 2014, reaching Rs 23,622 crore in 2024-25, compared to just Rs 1,521 crore before 2016. In the past 10 fiscal years, India attracted around US $668 billion in FDI, up from US $323 billion during 2000-2014, said the Chief Minister. UNI GS RN

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store