Ambitious Growth Plan
Tata Starbucks has announced a significant expansion in India, aiming to increase its store count from the current 390 to 1,000 by 2028. This move reflects the company’s confidence in India’s rapidly growing economy and evolving coffee culture.
Strategic Developments
The expansion strategy includes opening a new store every three days, focusing on tier-2 and tier-3 cities, and enhancing its presence in drive-thrus, airports, and 24-hour stores. This approach aligns with Starbucks’ global vision and emphasizes local engagement.
Employment Boost
In line with this expansion, Tata Starbucks intends to double its workforce to approximately 8,600 employees, underlining its commitment to job creation and staff development in the Indian market.
Financial Growth
The firm has seen a substantial increase in sales, reaching Rs 1,087 crore. This growth is a testament to the brand’s strong position and popularity in the Indian market.
Cultivating Coffee Culture
CEO Laxman Narasimhan highlights the importance of the growing middle class and the unique opportunity to blend international coffee experiences with India’s rich heritage. Tata Starbucks aims to not only expand its footprint but also to enrich the coffee culture in India.
Future Prospects
Tata Starbucks, leveraging the partnership between the Tata Group and Starbucks, is poised to play a significant role in India’s burgeoning coffee scene. The company’s focus on innovation and local tastes is expected to contribute to its success in the global market.