Tata Consumer Products faces challenges in Starbucks joint venture in India due to fewer customers.

From Investing.com: 2024-12-16 05:00:35

Tata Consumer Products adjusts plans to open Starbucks stores in India due to fewer customers amid high inflation. Tata Starbucks, with over 450 outlets, faces short-term pressure but aims to reach goal of 1,000 stores by 2028. CEO expects coffee bet to pay off in the long run as India’s coffee culture grows.

Tata Consumer’s CEO anticipates revenue growth in double digits in the second half of the financial year. Profit may be impacted by higher raw material prices, including tea. The company remains optimistic about the potential for growth in India’s coffee market despite current challenges.



Read more at Investing.com: India’s Tata faces pressure in Starbucks joint venture as consumers cut back By Reuters