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...
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in the fiscal year 2023, representing a 71% increase from INR 635.7 crore in the previous fiscal year.
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The growth was driven by new retail outlets, with Starbucks' revenue for the quarter increasing by 48% year-on-year.
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The company added 71 new outlets in FY23, including 22 in the fourth quarter alone, entering 15 new cities during the year.
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Tata Starbucks aims to expand its presence further and enhance its relevance for more consumer segments.