Dec 16 (Reuters) - India's Tata Consumer Products
"will calibrate" its plans to open Starbucks stores in
the near term at a time when fewer customers are walking into
its cafes in the world's most populous country, its top boss
said on Monday.
"We will calibrate for the short term ... In the near term
there will be pressure," Tata Consumer CEO Sunil D'Souza told
Reuters, adding that its Tata Starbucks joint venture is still
focused on reaching its 2028 goal.
Separately, D'Souza also said Tata Consumer's revenue would
increase in the double-digit percentage range in the second half
of the ongoing financial year, with profit coming under pressure
due to higher prices of raw materials, including tea.