Tata Starbucks opened 58 net new stores and entered 19 new cities in FY25, taking the count to 479 stores across 80 cities in India
While a higher number of stores led to a year-on-year (YoY) growth of five per cent in Starbucks India’s revenue from operations in the fiscal year 2025 (FY25), its loss widened 65 per cent YoY to Rs 135.7 crore in FY25, as per the annual report of Tata Consumer Products or TCPL.
The coffee chain operates in India via a 50:50 joint venture (JV) with TCPL under Tata Starbucks or TSPL. The report highlighted that the JV’s revenue from operations improved to Rs 1,277 crore in FY25.
Tata Starbucks opened 58 net new stores and entered 19 new cities in FY25, taking the count to 479 stores across 80 cities in India, making it the largest organised cafe operator in India based on store count, the report added.
“The year witnessed demand softness in the overall QSR (Quick Service Restaurant) space consequently the sales growth was subdued, however, the demand has started to rebound in the second half of the year,” the annual report noted, while highlighting that the profitability remained muted due to demand softness in the overall QSR space.
As far as the comparisons are concerned, the company had posted a revenue of Rs 1,218 crore in FY24 and a loss of Rs 82 crore. While it opened 58 stores in the recently concluded fiscal year, 95 outlets were opened in FY24.
“The ambition of operating 1,000 stores forms part of the long-term strategy to expand across tier two and tier three cities. As Starbucks expands its reach in India, it is growing its ‘Third Place’ experience- offering spaces where customers can socialise, work or take a break.
On a broader scale, N Chandrasekaran, Chairman of TCPL, stated that India’s long-term growth is underpinned by strong demographic and economic fundamentals and the ongoing structural reforms. India’s near-term macro-outlook remains strong with stable growth expectations in 2025, falling inflation, and ongoing monetary easing, he added.
