Tata Starbucks revenue up 39% to ~235 cr

Coffee chain Tata Starbucks posted sales of ~235 crore in FY16, registering a growth of 39 per cent on account of its expansion in leading metros. Tata Starbucks, the 50:50 JV between Tata Global Beverage Ltd (TGBL) and Seattle-based Starbucks Coffee International Inc, is also looking at selling the Tata group firm's Himalayan mineral water brand in more global markets through the outlets of its American partner. In an an investor presentation, TGBL said the growth in Tata Starbucks' revenue was “led by good-in-store performance and expansion of number of stores”.