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Starbucks Records Slowest Growth in India Last Fiscal
"Tata Starbucks had a subdued quarter given the overall trends that we're seeing in the QSR [quick service restaurants] business," said Sunil D'Souza, managing director and chief executive officer at Tata Consumer Products. He, however, indicated that March was an improvement over February, and April was even better than March. "So, we see a better trend right now, and we remain focused on the larger India opportunity." Tata Starbucks Pvt. took 11 years to scale its operations to a revenue of over Rs 1,000 crore. Although the joint venture turned positive at the Ebitda level for the fiscal...…"Tata Starbucks had a subdued quarter given the overall trends that we're seeing in the QSR [quick service restaurants] business," said Sunil D'Souza, managing director and chief executive officer at Tata Consumer Products. He, however, indicated that March was an improvement over February, and April was even better than March. "So, we see a better trend right now, and we remain focused on the larger India opportunity." Tata Starbucks Pvt. took 11 years to scale its operations to a revenue of over Rs 1,000 crore. Although the joint venture turned positive at the Ebitda level for the fiscal...WW…
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