Tata Consumer targets 20%+ EBITDA margin, eyes 8,000 Starbucks outlets in India
At AGM, Chairman N Chandrasekaran laid out a volume-plus-price playbook to lift EBITDA margin from 14% to 17% medium-term and over 20% long-term. Acquired brands Capital Foods, Organic India and Soulfull are growing 25% YoY, while the broader growth portfolio is up 24%. Innovation is being pushed to 5% of sales.
At TCPL's AGM, Chairman N Chandrasekaran outlined volume-plus-pricing growth strategy, targeting over 20% EBITDA margin (from 14%), scaling Starbucks to 8,000 outlets, and growing acquired brands Capital Foods, Organic India, Soulfull at 25% YoY.