SBUX · News · 20260823N

India Joint Venture Expansion

STARBUCKS CORP · 2026-08-23 · Importance 34 · Surprise 42

Starbucks India is resuming aggressive store expansion after two years of business-model recalibration. The India operation is a 50:50 joint venture with Tata Consumer Products Ltd. The plan prioritizes higher store density in existing Indian cities and ultimately targets a scale comparable to Starbucks' China business. Expansion follows a period of moderated growth linked to weaker discretionary spending.

Key facts

• Starbucks India plans to increase store density in existing cities and eventually aims to match Starbucks' scale in China. source
• Starbucks India is a 50:50 joint venture with Tata Consumer Products Ltd. source