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'Starbucks profitable, expansion hurting biz'
Mint Bangalore
|June 19, 2025
Coffee chain Starbucks, which operates in India via a 50:50 joint venture with Tata Consumer Products Ltd (TCPL), is seeing store-level profitability, but rapid expansion is hurting its profitability, a top Tata Group executive said.
"While the individual Starbucks stores are indeed profitable, we're currently in an investment phase. This explains the discrepancies you're observing in our financial outcomes," said P.B. Balaji, group CFO of Tata Motors and non-executive director of Tata Consumer Products, while addressing shareholders at the company's 62nd Annual General Meeting on Wednesda
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