Starbucks 'fully committed' to Indian market, says India JV Tata Starbucks

Tata Starbucks refuted exit rumors, reaffirming its commitment to India's growing coffee market. Despite widening losses to ₹79.97 crore in FY24 due to expansion, the 50:50 joint venture with Tata Consumer Products Ltd. operates over 470 stores and prioritizes scaling over immediate store profitability.