Starbucks India Reports A Sales Increase Of 1087 Crore And The Addition Of 71 New Outlets In FY23
26 / 4 / 2023
Tata Starbucks, a joint venture between Starbucks Coffee Company and Tata Consumer Products Limited, has reported a revenue of INR 1087 crore...
in the fiscal year 2023, representing a 71% increase from INR 635.7 crore in the previous fiscal year.
The growth was driven by new retail outlets, with Starbucks' revenue for the quarter increasing by 48% year-on-year.
The company added 71 new outlets in FY23, including 22 in the fourth quarter alone, entering 15 new cities during the year.
Tata Starbucks aims to expand its presence further and enhance its relevance for more consumer segments.