Tata Consumer eyes 20%+ Ebitda margin, scales Starbucks toward 8,000 stores
Chairman Chandrasekaran flags India as a consumption bright spot. Tata Consumer closed FY26 at ₹20,290 cr (+15%) with 13.9% Ebitda margin, targeting 17% medium-term and 20%+ long-term. Growth brands jumped 24% to >30% of India portfolio; e-com/q-com surged 62% to 19%. Starbucks at 502 stores, adding 50-100/yr toward 8,000.
Tata Sons chairman Chandrasekaran calls India a consumption bright spot. Tata Consumer FY26 revenue ₹20,290 cr (+15%), targets 17-20% Ebitda margin. Starbucks to scale from 502 stores toward 8,000 long-term; FY27 capex ₹700 cr.