New Spot Brewing Up Bold Flavors: Coffee All Day Launches in Bangalore

Barista Coffee has partnered with American Pistachio Growers (APG) to introduce a new line of pistachio-based beverages and desserts. This collaboration aligns with Barista's strategy to diversify its retail menu in India by integrating premium California-grown pistachios, known for their quality, taste, and nutritional benefits.  

The new pistachio series includes products such as the California Pistachio Latte, California Pistachio Frappe, and California Pistachio Muffin. This product expansion is part of Barista’s effort to offer customers a wider variety of international flavors within its coffeehouse environment.  

Rajat Agrawal, CEO of Barista Coffee said, “At Barista Coffee Company, we constantly strive to curate offerings that align with our customer’s evolving preferences. Our partnership with the APG is a step ahead of our shared vision of quality and authenticity. California pistachios’ unique taste and health benefits are the perfect ingredient to complement our beverages. We are excited to bring this exclusive series to our guests across the country.”  

Sumit Saran, India Market Representative for APG added, “We are delighted to collaborate with Barista Coffee Company to promote California-grown pistachios in India. This initiative showcases the exceptional quality of American produce and strengthens the culinary ties between the two nations. California pistachios symbolize excellence, and we are elated to see them become a part of Barista Coffee's exciting new offerings.”  

The pistachio product range will be available across all Barista Coffee outlets in India starting from December 16, 2024. This move is expected to enhance Barista’s retail presence by offering customers a combination of premium coffee and innovative flavors.

Third Wave Coffee, a prominent player in India’s hospitality and retail sectors, has unveiled its ‘2024 Coffee Notes,’ capturing the preferences of over 7 million customers served during the year. With 7.1 million cups of coffee brewed across its cafes, the brand continues to reflect India’s growing affinity for specialty coffee. Notably, 5.4 million customers visited Third Wave Coffee outlets nationwide, equivalent to the entire population of Singapore.  

Cappuccino, Classic Cold Coffee, and Mocha Choco Chip were the most popular beverages of the year, with morning routines favoring Cappuccinos and Americanos, while Frappes dominated evening preferences. Sundays emerged as the top day for coffee indulgence, providing a moment of relaxation for customers.  

Bengaluru stood out as the leading city for coffee consumption, with nearly 2.5 million cups served, while Delhi followed closely, with almost 2 million cups. Christmas Day marked the busiest day of the year, highlighting the festive spirit of the brand’s patrons.  

Rajat Luthra, CEO of Third Wave Coffee stated, “2024 has been incredible as we marked the year with unique food innovations, explored new formats and flavours, and expanded our presence to reach more and more coffee-lovers across the nation. The 7.1 million cups of coffee served in the year are symbolic of the love and trust bestowed upon the brand by our customers. We are eternally grateful to each of the 5.4 million customers we served; we will continue to craft delightful Third Wave Coffee experiences for you. As we move into 2025, we’re focused on growing our presence across the country, making specialty coffee more accessible to everyone—whether at our cafes or on the go.”  

Regional and seasonal trends provided further insights into the country’s evolving coffee culture. Seasonal beverages like Choco Malt Frappe and Pistachio Latte/Frappe gained popularity during the monsoon, while classics like Hot Chocolate remained morning favorites. On the food side, Banana Walnut Tea Cake, Baked Chilli Toast, and Chocolate Croissant were the top accompaniments. Regional preferences included Bagels in Hyderabad, Mumbai, and Delhi, while Bangalore leaned toward Pancakes as its breakfast favorite.  

With over 120 cafes nationwide, Third Wave Coffee remains committed to expanding its footprint in India. As the brand enters 2025, it aims to enhance the accessibility of specialty coffee while offering customers a consistent and memorable café experience.

Blue Tokai Coffee has opened a new café at World Street by Omaxe in Faridabad, marking another milestone in its expansion. The 1,300 sq ft outlet caters to coffee enthusiasts with a range of specialty brews crafted from high-quality Indian coffee beans, reinforcing World Street’s position as a prominent lifestyle destination.

Established in 2013, Blue Tokai has played a significant role in India’s specialty coffee sector, recognized for its expertise in roasting Indian beans. The World Street outlet features a spacious, modern ambiance designed for patrons to enjoy freshly brewed artisanal coffee while appreciating the distinct flavors of Indian beans.

Jatin Goel, Executive Director of Omaxe Group, said, “We are pleased to welcome Blue Tokai Café to World Street by Omaxe. This location offers an ideal setting for coffee lovers in Faridabad to enjoy artisanal coffee and create memorable experiences. The addition of Blue Tokai further enhances World Street's offerings, and we look forward to introducing more culinary options to the region.”

The new Blue Tokai outlet is joined by other recent additions to World Street, such as Bluestone Jewellery, contributing to a diverse mix of shopping and lifestyle experiences for visitors.

Tata Starbucks has indicated that they are totally dedicated to the India market, which continues to be a key growth region for Starbucks globally. Tata Consumer Products Ltd has rejected allegations stating that the café giant Starbucks is likely to depart the Indian market as "baseless".

Tata Starbucks is a 50:50 joint venture between the US-based Starbucks Corporation and the FMCG division of the Tata group, Tata Consumer Products Ltd (TCPL). They run a chain of coffee shops in India under the Starbucks trademark. In FY24, Tata Starbucks' operational revenue increased by 12% at Rs 1,218.06 crore. But because of the expansion, its loss for the period increased from Rs 24.97 crore in FY23 to Rs 79.97 crore.

"Starbucks is fully committed to the Indian market. Any statements suggesting otherwise are false. Tata Starbucks currently operates more than 470 stores in 76 cities across India, which continues to be a key growth market for Starbucks globally," said Tata Starbucks in their recent statement.

According to financial data obtained through the business intelligence portal Tofler, their advertising and promotional expenses increased by 26.8% to Rs 43.20 crore, while its royalty was Rs 86.15 crore.

Third Wave Coffee, a coffee-centric quick-service restaurant (QSR) brand, has launched its first cafe in Mysuru on Devraj Urs Road. The opening event was attended by His Highness Yaduveer Krishnadatta Chamaraja Wadiyar and Rajat Luthra, CEO of Third Wave Coffee. This launch extends the brand’s presence to eight cities in India, with a total of 117 stores. The company plans to reach 150 outlets by March 2025.  

The new Mysuru outlet aligns with Third Wave Coffee's expansion strategy in India’s hospitality sector. The brand has steadily grown over the past eight years by creating spaces designed to foster meaningful connections while offering specialty coffee experiences.  

Rajat Luthra, CEO of Third Wave Coffee said, "Coffee is not just an occasional beverage anymore; it is powering people’s day now. And we are on a mission to deliver our exceptional coffee experience to more and more customers, wherever they are. Mysuru is one of the most charming cities in Southern India, and we are honored to introduce our specialty brews to the people of the city. Our cafes are spaces created with an aim to inspire and foster deep connections with our customers, and we are excited to bring the Third Wave Coffee experience to the community of Mysore.”  

The brand aims to create an immersive customer experience through its cafes, hosting events, workshops, and collaborations. The menu features a wide range of offerings, including single-origin coffees, cold brews, handcrafted sandwiches, wraps, and shareable bites. Third Wave Coffee also offers branded merchandise for coffee enthusiasts.  

With its presence already established in cities like Delhi NCR, Mumbai, Bengaluru, Pune, Hyderabad, and Chandigarh, the company is set to explore new markets, including Chennai and Mangaluru. The Mysuru launch is part of its broader strategy to expand its footprint in India's hospitality and retail coffee market.

Maverick & Farmer, an artisan coffee brand, is setting the standard higher with its third location. Coffee addicts can enjoy their favorite brews at the newest outlet in Bangalore's famous 37 Cunningham Street skyscraper. The third and most recent location of Maverick & Farmer offers customers and coffee enthusiasts a genuinely Maverick experience while continuing to lead the way in experimental beverages.

The 2,000 square foot area, which has both indoor and outdoor seating options, combines comfort and style. It also guarantees a hassle-free visit for every visitor with plenty of parking accessible.

Signature mixes and hand-brewed drinks made using in-house experiments like cold smoking and cherry fermentation are available on the brand's menu. Notable options include the "Spresso Citron," a cool combination of chocolate, zesty orange and frozen espresso; the Parama Cappuccino; Vietnamese Coffee; Coffee Cherry Soda; Cold Smoked Coffee; and the Clarified Cappuccino, which is made with the ideal ratio of milk to espresso and clarified using a food science method. A comprehensive vegan food and drink menu is also available at the cafe.

Stating about their new outlet, Sreeram G. Co-founder of Maverick & Farmer Coffee said, “We are excited to introduce the new space this year! We always aim to create spaces where people can experience artisanal coffee in a way that’s different and exciting. The Cunningham Road location is right in the heart of the city—easy to get to but still tucked away enough to soak in the peace. We’ve also made sure there’s plenty of parking, so guests can visit without any hassle”

Blue Tokai, an Indian coffee chain, aims to achieve a threefold increase in annual revenue by 2027 before considering an initial public offering (IPO), according to CEO and co-founder Matt Chitharanjan. The company plans to expand its footprint in India’s growing Rs 25 billion ($300 million) specialty tea and coffee cafe market by opening approximately 350 cafes in cities like Hyderabad and Chennai within the next three years. Currently, Blue Tokai operates over 130 cafes and has the backing of Belgian investment firm Verlinvest.  

“Our revenue run rate for this year is Rs 3.7 billion, and we are targeting Rs 10 billion by 2027,” Chitharanjan said. While an IPO could be part of the company’s long-term plans, it is not a current focus. “Market conditions will fluctuate, and we are more concerned about reaching our internal goals. Healthy profit margins will make us an attractive IPO candidate,” he added, noting that Blue Tokai’s patient investors are not pushing for a quick market debut.  

India’s coffee culture is expanding, driven by demand from affluent urban consumers who increasingly use cafes for work and meetings. Major players such as Tata Starbucks, Costa Coffee, and McDonald's McCafe are also scaling operations. Tata Starbucks, which has over 400 cafes in India, reported revenue of Rs 12.18 billion last year, while Costa Coffee, with 179 cafes, posted Rs 1.52 billion in revenue in fiscal 2024.  

Despite the competitive landscape, Chitharanjan is confident about Blue Tokai’s position. “We’re not at a stage of the market where there’s a lot of competitive pressure. It’s more about growing the overall market pie, rather than stealing share from each other,” he said.  

Since its inception in 2013, Blue Tokai has raised $81 million and is focused on long-term growth in the specialty coffee segment. While India's stock market has seen fluctuations, including its worst monthly performance in October since March 2020, the company remains committed to its expansion and revenue goals.

Mazi Coffee Bar and Kitchen has launched its second outlet in Bandra, Mumbai, expanding its hospitality presence with a unique blend of artisanal coffee and globally inspired cuisine. Following the success of its original outlet, the new two-story location collaborates with Ironbuzz Tattoo Studio, creating a distinctive venue where coffee culture intersects with tattoo artistry. This new space is designed as a social hub, offering patrons a setting that combines culinary experiences with artistic expression.

Mazi Coffee Bar and Kitchen has gained recognition among Mumbai's café-goers for its carefully crafted coffee, diverse menu, and inviting ambiance. With this second location, Mazi enhances its offering by catering to both coffee lovers and tattoo enthusiasts, creating a space where the two interests converge.

Shashank Kadam, Founder of Mazi Coffee Bar and Kitchen said, “Our vision for Mazi has always been about creating more than just a dining experience. We wanted to build a community that appreciates great coffee, food, and creativity. With our second outlet in Bandra, and a one-of-a-kind partnership with Ironbuzz, we’re excited to offer our patrons not only a space to relax and indulge but also a place to connect with art in an unexpected way.”

This partnership with Ironbuzz sets Mazi’s Bandra location apart, establishing it as a creative gathering spot where coffee, cuisine, and tattoo art intersect. At Mazi Bandra, patrons can enjoy a coffee, appreciate the artistry, or even book a tattoo session, creating a space that embraces individual expression and a sense of community.

The innovative grab-and-go specialty coffee chain in India, powered by technology, abCoffee is thrilled to announce its entry into Hyderabad. abCoffee, which is well-known for its elegant grab-and-go concept and smooth app-driven coffee experience, is prepared to introduce the city's best-grown coffee and beverages at competitive pricing.

Mindspace Hetero, Hyderabad Knowledge City, Mindspace 2A, HiTech City, Malla Reddy University, Mindspace 20, HiTech City, Mindspace 9, HiTech City, and Manikonda (Home Delivery) are the key locations for the brand's seven new decks. In just over two years, abCoffee has expanded to over 70 locations throughout Mumbai, Delhi, Gurugram, Noida, Bengaluru, and now Hyderabad, marking its sixth city of presence.

With the abCoffee app, coffee enthusiasts in Hyderabad can take advantage of unique offers and convenient access to their favorite premium brews at a fraction of the price thanks to India's first coffee subscription model.

“We are super excited to bring the love from rest of India to Hyderabad with the same promise of great quality daily coffee at fraction of a cost with smart App capabilities and pioneering grab and go coffee concept,” commented Abhijeet Anand, Founder and CEO of abCoffee.

Coffee has long been an essential part of everyday life, yet few people have ever had coffee made by people who really grow the beans. A testimony to three generations, Nandan Coffee's new experience center in Mumbai's bustling Fort neighborhood is more than just another coffee shop. Hansraj and Hansa Mariwala started Nandan Coffee more than thirty years ago. Their dedication to sustainability turned a desolate plot of land into a flourishing, biodiverse sanctuary, setting the groundwork for the future of this innovative organic, farm-to-cup coffee company.

Beyond simply offering great coffee, Nandan Coffee is a company committed to fostering experiences that improve people's lives, uplift communities, and respect the environment. Nandan Coffee's aim extends well beyond its cafés, from establishing sustainable farming techniques to improving communities at every stage of the coffee supply chain. Since the early 1990s, Nandan Coffee, which has been certified organic since 2001, has led the way in producing sustainable specialty coffee in India.

Commenting on the launch, Yahvi Mariwala, Co-Founder, Nandan Coffee said, "At Nandan Coffee, our philosophy has always been rooted in reverence for the land and the craft. Coffee is more than just a commodity beverage—it’s a bridge to connect communities, nurture our environment, and elevate everyday moments. With the opening of our Experience Centre, we are excited to bring this philosophy directly from our Estate to our customers." –

This Diwali, Third Wave Coffee has introduced a lineup of limited-time offerings that blend traditional flavors with creative twists on coffee and pastries, appealing to India’s retail market. The seasonal collection includes the Gulab Jamun Croissant, Tiramisu Latte, and Tiramisu Frappe, designed to offer customers a unique fusion of familiar tastes and specialty coffee.

Among the new items, the Gulab Jamun Croissant merges the syrupy sweetness of the classic Indian dessert with the light, flaky layers of a French croissant, creating a distinct balance of textures that appeals to pastry enthusiasts. For those seeking a rich coffee experience, the Tiramisu Latte draws on the flavors of the iconic Italian dessert, with espresso paired with whipped cream cheese and cocoa powder. Alternatively, the Tiramisu Frappe offers a chilled blend of creamy coffee and cocoa notes, delivering a refreshing option for customers who prefer a cooler drink.

Each item reflects Third Wave Coffee’s commitment to product innovation and menu expansion. Priced from Rs 299, the Gulab Jamun Croissant, Tiramisu Latte, and Tiramisu Frappe are available across all Third Wave Coffee locations nationwide.

Additionally, for Diwali gifting, Third Wave Coffee has curated festive hampers featuring premium coffee, nuts, and chocolates, priced between Rs 999 and Rs 1999. These hampers aim to provide a thoughtful option for celebrating with friends and family, available at all Third Wave Coffee outlets across India.

India’s fast-growing quick-service restaurant (QSR) coffee chain, Nothing Before Coffee (NBC), has announced the opening of its 75th outlet in the heart of New Delhi’s Connaught Place. This landmark outlet, a key part of the brand’s aggressive expansion strategy, highlights NBC’s growing footprint in India’s retail and hospitality landscape. Alongside the Connaught Place store, NBC has also launched new outlets in Jaipur, Surat, Bangalore, Dehradun, and Gwalior, demonstrating its rapid nationwide growth.

NBC’s expansion in 2024 has been significant, with over 35 new outlets added, bringing its total to 75 locations across India. The brand's commitment to offering high-quality, flavorful brewed coffee and beverages at economical prices has resonated with consumers in both tier-l and tier-ll cities. The company also reported its “Best-ever Q3 sales,” driven by new store openings, innovative product offerings, and increasing brand loyalty. NBC’s seasonal drinks and unique brews have played a pivotal role in this success.

The new Connaught Place outlet is more than just another store—it represents NBC’s vision for the future. Located in one of India’s most iconic urban spaces, the store is designed to serve a diverse group of professionals, students, tourists, and coffee enthusiasts. With a modern design and a large layout, the flagship store aims to be a community hub for the vibrant crowd of Delhi. The menu offers a range of products, including organic coffee, tea, shakes, mocktails, hot chocolate, shrappe, and various snacks, tailored to the refined tastes of its customers.

NBC has strengthened its presence across 29 cities and 10 states in India, with plans to open 8 new outlets in October 2024. Akshay Kedia, Founder and CMO of Nothing Before Coffee said, “We’re thrilled to launch our landmark store in Connaught Place, a cultural and commercial hub that aligns with our vision for Nothing Before Coffee. This store reflects our commitment to offering an exceptional coffee experience while honoring the vibrant spirit of the location. Our growth isn’t just about numbers—it’s driven by our dedication to sustainability, quality, and brewing stories into the everyday lives of our customers.”

Looking ahead, NBC plans to expand to 400 stores across India by 2027, solidifying its presence in both metropolitan and tier-ll cities. These future openings will reflect the brand’s efforts to meet the growing demand for premium coffee experiences, reinforcing its commitment to quality and customer satisfaction in India’s evolving retail and hospitality sectors.

Bollywood film writer duo Abbas and Hussain Dalal opened the unique coffee cafe Aqeeq, which introduced the world to the flavorful coffee of Yemen. Aqeeq is a semi-precious gemstone with spiritual value that was inspired by it. It represents a prayer and a bridge between the holy and the mundane.

Rooted in the rich soils of Yemen, where the stone and the coffee bean naturally flourish, our coffee is our prayer to the world, much as the Aqeeq stone is treasured in prayers.

Aqeeq is a story, not simply a name. With its "Q" that looks like a coffee bean, the Aqeeq logo is more than just a mark of quality; it's a pledge to provide the best coffee possible, one that will eventually come to be associated with greatness. Aqeeq café, created by the gifted Maryam Jarrahian Badshah, takes one to a tranquil Middle Eastern setting where each cup of coffee has a narrative associated with it.

Aqeeq is not just a coffee brand; it’s a movement, a revolution in the coffee industry aiming to bring the world’s finest coffee to the forefront.

India's best-rated and multi award-winning specialty coffee brand, abCoffee, celebrates the release of their revolutionary mobile app with the release of a hot rap song.

The brand, which is well-known for producing speciality coffee that is 100% suited to Indian tastes, is still shaking up the Indian coffee market with a modern beat and flawless digital interface.

The app offers limitless customization choices, tempting prices, and your daily drink in just three taps.

The brand blasts a captivating rap melody that epitomizes its inventive attitude to kick off the app launch. The song encapsulates the spirit of abCoffee and has already gone viral on social media.

Expressing his views, Abhijeet Anand, Founder & CEO, abCoffee said, "Our app launch needed to mirror abCoffee's core: excitement, flavour, and community. This new platform empowers our customers with convenience and choice, while the rap track delivers our message in a language that resonates with modern coffee aficionados."

The first Premium Café Lounge of Vintage Coffee Private Limited, a Wholly Owned Subsidiary (WOS) of Vintage Coffee and Beverages Limited, a BSE-listed firm, has opened its doors in Navi Mumbai.

At this significant occasion, Vintage Coffee also reveals its new online storefront, which enables clients to easily purchase the company's premium goods.

Since 2018, Roasted Coffee, Instant Coffee, and Roast & Ground products have been produced and exported by Vintage Coffee, a well-known brand in the world of coffee. The company is currently working to introduce its distinctive coffee blends to the Indian market, building on its impressive record of acceptance in over 21 countries.

Commenting on the launch, Tati Balakrishna, Chairman & Managing Director of Vintage Coffee and Beverages Ltd said, “Today’s consumers' needs and expectations are changing fast. We are confident that this coffee-loving city will have a great experience with the unique blends of Vintage Coffee, from plantation-fresh coffees to the Lounge format café services.” He further added that“the Master franchisees, M/s. Dhruvatara Marketing Private Limited, have extensive experience and aggressive plans for expanding Vintage Coffee Café footprints across Indian cities and commercial centers as needed.”

The Kind Roastery and Brew Room expands its footprint in Bengaluru with its third outlet on 12th main, Indiranagar. 

The brand has gained traction at India’s first experiential all vegetarian roastery with vegan and gluten-free options - this wonderful response to The Kind’s innovative menu has allowed for the brand to expand at such a rapid pace, opening three outlets in the span of two years - with the brand’s first outlet at JP Nagar, followed by Bellandur. 

“At The Kind Roastery and Brew Room we are committed to creating unique customer experiences, therefore ensuring that no two outlets are exactly alike, in terms of design or menu offering. This allows us to reach a wider audience and expose them to what we have worked so hard to build - specialty coffee, honest vegan and gluten free food and bakes, all made with utmost love and care, a philosophy that we hope paves the way for continued success and expansion,” shared Founder & Owner, Pallavii Gupta.

The Kind Roastery and Brewroom aims to offer its customers a tranquil, meaningful experience across F&B and design - to provide a haven for flavourful food, great coffee and a refreshing ambiance. 

The brand’s coffee program is extremely mindful using only ethically sourced beans with a vast menu to select from signature blends like the coconut cold brew, cinnamon jaggery cold drip, the extremely popular jackfruit latte, matcha latte, manual brews like aeropress, and origami pour overs,  to the house blend Kind espresso for the coffee purists. Additionally, the brand offers a host of fresh bakes, decadent desserts that are egg free, mouth-watering ice creams, all of which are made in-house, using the freshest ingredients.

abCoffee, a leading tech-enabled grab-and-go specialty coffee chain in India, has announced its entry into the Bengaluru market. The expansion is designed to address the needs of the city’s tech-savvy and fast-paced population, combining advanced technology with a streamlined coffee experience.

The new outlets are strategically positioned across Bengaluru at the following locations:

1. Sunriver, Embassy Golf Links
2. Prestige Tech Park
3. Brigade Magnum
4. Brigade Opus
5. Prestige Tech Cloud
6. Prestige Pacific Tech Park
7. Indiranagar (Home Delivery)

To mark this expansion, abCoffee is offering the first 50 customers at each location unlimited refills of their Signature Cold Coffee and Cappuccino.

The chain has set itself apart with its grab-and-go concept, aiming to cater to office workers, millennials, and coffee enthusiasts. The focus is on blending technology with artisanal coffee-making, providing a premium experience at an accessible price point. Coffee starts at Rs 77, making specialty coffee more available to a wider audience. Customers can visit the new locations or order online through Zomato, Swiggy, and the abCoffee web app for pick-up.

Abhijeet Anand, Founder of abCoffee said, “We are thrilled to bring the abCoffee experience to the tech city of Bengaluru with the launch of seven new outlets. Our emphasis on affordable, specialty coffee in a grab-and-go format has been well-received across India. Each abCoffee location will offer efficient service and a welcoming environment, ideal for quick coffee and snacks. Bengaluru’s vibrant IT and start-up community is an excellent fit for our model of ‘to-go’ specialty coffee and quick meals, supported by technology-driven systems.”

In just two years, abCoffee has rapidly expanded, becoming the first coffee chain in India to reach 50 outlets, covering Mumbai, Delhi, NCR, and now Bengaluru. The brand’s efficient operations ensure that quality coffee is served promptly, avoiding the traditional delays often associated with coffee consumption in India.

After taking the entire country on an unparalleled coffee journey and putting Indian specialty coffee on the global map, Blue Tokai Coffee Roasters, India’s one of the largest specialty coffee brand, has opened its first store in Japan.

Located in Hiroo, Tokyo, this is the company’s first store outside India.

“We’re thrilled to announce the opening of our first café in Hiroo, Tokyo, where you can now enjoy authentic Indian speciality coffee,” read the Instagram page of The Blue Tokai Coffee.

The menu is carefully curated, featuring local favourites like filter brews, espresso-based beverages crafted with our House Blend and a selection of locally sourced bakes,” it added.

Earlier, this March, the brand opened its door to its 100th café in the country.

For Blue Tokai, while it started as a small roastery experience centre in the lesser-known neighbourhood in Said-ul-ajaib in Delhi, these cafés have proved to be an instrumental channel in shaping India’s coffee preferences across demographics. The brand has witnessed a 2x growth in its café presence since FY23, mirroring the ever-increasing demand for specialty coffee - a segment popularised by Blue Tokai’s inception in 2013.  

Currently, the brand is home to 4 roasteries, 100 physical outlets across major Indian cities and regions including Delhi NCR, Mumbai, Bangalore, Hyderabad, Kolkata, Chandigarh, Mohali and Pune, as well as international operations in Japan. In addition to these, Blue Tokai has also partnered with the country's marquee retail outlets, luxury hotels & restaurants, top corporates and co-working spaces amongst others.

Specialty coffee brand 93 Degrees Coffee Roasters opens two new shop-in-shop outlets on the Delhi-Mumbai Expressway in collaboration with multinational snack giant Bikanervala.

These two strategically located outlets with this fusion concept, aim at offering their customers the best gourmet coffee from 93 Degrees Coffee Roasters and with traditional Indian flavors from Bikanervala.

“This collaboration between 93 Degrees Coffee Roasters and Bikanervala offers a unique ambiance where patrons can enjoy high-quality specialty coffee alongside authentic Indian sweets and snacks. Additionally, the outlet's location on a highway makes it a perfect pitstop for travelers, providing a refreshing break with a diverse menu,” shared Mishthi Aggarwal, CEO, 93 Degrees Coffee Roasters.

The new outlets offer a wide range of coffee options to cater to various tastes and preferences. Customers can enjoy classic choices such as Espresso, Cold Brew, Cafe Latte, and traditional Cappuccino. For those who prefer a more indulgent treat, there's a selection of Frappe flavors. Coffee enthusiasts can also savor manually brewed options like Aeropress and Pour-Over, ensuring a specialty coffee experience for all.  

93 Degrees Coffee Roasters stores size is designed to accommodate a comfortable seating area for customers, providing an inviting atmosphere for both quick stops and longer breaks. Meanwhile, this shop-in-shop model will allow both 93 Degrees Coffee Roasters and Bikanervala to leverage each other's strengths.

For 93 Degrees Coffee Roasters, partnering with Bikanervala will allow the brand to have access to an established customer base and high footfall, especially from those who are already fans of Bikanervala's offerings.

“We are excited to open our doors to 93 Degrees Coffee Roasters. For Bikanervala, this integration with 93 Degrees Coffee Roaster’s specialty coffee options will enhance our product range, attracting coffee enthusiasts and creating a more comprehensive culinary experience. This model also optimizes space and reduces operational costs. Our location is our big USP and this collaboration I am sure will help both the brands reach a wider customer base,” added Shyam Sunder Aggarwal, Managing Director, Bikanervala Foods Pvt Ltd.

Roastea, India’s one of the fastest-growing beverage brand, is thrilled to announce the grand opening of its second café in the vibrant IT hub of Bengaluru. 

Located at 80ft Road, Koramangala, Bengaluru, this is the newest addition to the Roastea family that promises to delight patrons with a lifestyle ecosystem redefining Bengaluru's dining experience.

Nestled in the heart of the city, our sprawling real estate invites patrons to unwind amidst the tranquillity and verdant landscapes synonymous with Bengaluru. Its crafted offerings ranging from hand-made pastas to live craft bakery ensures an unparalleled culinary experience.

Following the remarkable success of its first outlet in Bengaluru, Roastea is expanding its footprint in the city, bringing its signature blend of quality and innovation to even more customers. 

Roastea has 14 outlets in India and this one marks a significant milestone for the brand as it celebrates its growing presence. What sets this café apart is its unique setting – a 37-year-old mansion converted into a beautiful lifestyle café with gorgeous Dhone marble patterns procured for the famous district of Dhronachalam, AP; that adds a distinctive charm to the Roastea experience. 

“We are incredibly excited to announce the launch of our newest store—a lifestyle ecosystem redefining Bengaluru's dining experience. Nestled in the heart of the city, our sprawling real estate invites patrons to unwind amidst the tranquility and verdant landscapes synonymous with Bengaluru,” shared Chaitanya Bhamidipaty of Roastea.

Started in 2019, by Lawyers turned entrepreneurs Anurag and Chaitanya Bhamidipaty, Roastea is the answer in waiting to India's yearning for a good cup of tea and coffee with a homemade taste. 

Roastea currently operates around 2,500 vending machines in 35 Indian cities and has ten outlets/cafes in Ahmedabad, Mangaluru, and Bengaluru.

Starbucks has revealed its latest range of ready-to-drink beverages, featuring a selection of café-inspired drinks tailored to meet the evolving tastes of consumers.

Three decades ago, Starbucks and PepsiCo played a pioneering role in shaping the ready-to-drink coffee market through the establishment of the North American Coffee Partnership (NACP).

Over the years, this collaboration has continually introduced new innovations, drawing inspiration found in Starbucks cafes and catering to the needs of on-the-go coffee enthusiasts.

The NACP is introducing a range of new offerings, including the non-dairy Starbucks Oatmilk Frappuccino Chilled Coffee Drink, alongside fresh variations of Starbucks Cold Brew and Starbucks Multi-serve Cold Brew.

Among these releases, the bottled Starbucks Frappuccino Chilled Coffee Drink now includes oatmilk and is presented in two exciting flavors.

The Starbucks Caramel Waffle Cookie Oatmilk Frappuccino Chilled Coffee Drink presents a delightful blend of oatmilk and caramel, while the Starbucks Dark Chocolate Brownie Oatmilk Frappuccino Chilled Coffee Drink combines creamy oatmilk with rich dark chocolate notes.

Starbucks Cold Brew is packaged in handy 11 oz. cans, introduces three fresh flavors inspired by popular café choices: Vanilla Sweet Cream, Chocolate Cream, and Salted Caramel Cream.

These new beverages has a unique blend of Starbucks beans chosen for their ability to brew without heat, resulting in a smooth flavor profile.

The Starbuck Cold Brew Vanilla Sweet Cream melds cream with vanilla notes, while the Starbucks Cold Brew Chocolate Cream offers a blend of cream and chocolate flavors.

Starbucks Cold Brew Salted Caramel Cream combines cream and salted caramel flavor.

Starbucks Multi-serve Cold Brew, crafted from a blend of arabica beans chosen for their ability to brew without heat, presents a balanced taste.

The Starbucks Multi-serve Salted Caramel Cream Cold Brew delivers a subtle caramel essence, hints of salt, and a touch of cream.

Meanwhile, the Starbucks Multi-serve Oatmilk Brown Sugar Cold Brew combines creamy oatmilk with the sweetness of brown sugar. These options are conveniently available in 40 oz bottles.

Starbucks has revamped its Tripleshot Energy drink with fresh appearance and offering a potent mix of Starbucks coffee infused with a Triple Blend packing 165mg of caffeine, B vitamins, and protein flavorful energy boost.

The 11 oz. cans showcase a sleek new design and come in three enticing flavors: Rich Vanilla, Bold Mocha, and Dark Caramel.

Additionally, the Starbucks Doubleshot Energy drink has undergone a makeover, maintaining its robust Starbucks coffee taste while incorporating a balanced mix of B vitamins, guarana, and ginseng.

Initially introduced in 2008, the Doubleshot Energy drink now features a new look in 15 oz cans and is available in five delicious flavors: Caramel, Coffee, Mocha, Vanilla, and White Chocolate.

New packaging designs for both ready-to-drink Starbucks Tripleshot Energy and Starbucks Doubleshot Energy beverages will be introduced to consumers.

Subko is an innovative brand specializing in artisanal coffee, handcrafted baked goods, and artisanal chocolate from bean to bar, celebrates a major achievement: the completion of a $10 million fundraising round, spearheaded by Nikhil Kamath.

The company now has a post-funding valuation of around $34 million.

“I am deeply impressed by Subko's commitment to showcasing the finest Indian craftsmanship on a global platform. It is paramount that a distinctive Indian brand like Subko leads the way in delivering our unique, curated experiences to the world. My journey with Subko, transitioning from a customer to an investor, has given me unique insights into the brand's evolution and potential. I am eagerly looking forward to witnessing the brand's narrative unfold and flourish in the coming years.” said Nikhil Kamath, Entrepreneur and Investor.

After taking the entire country on an unparalleled coffee journey and putting Indian specialty coffee on the global map, Blue Tokai Coffee Roasters, India’s largest specialty coffee brand, has opened the doors to its 100th café in the country. 

With its latest cafe in Kolkata, the company has achieved its target of hitting the milestone before FY24 and is well on its way to curating a pan-India coffee experience that brings people together over shared interests.

“With the increasing affinity for high-quality coffee, consumers are now actively seeking out-of-home coffee experiences that extend beyond just transactions and focus on the need for inclusive, safe spaces. Such experiences, when paired with a thoughtfully curated food menu and experiential offerings like workshops, have transformed the way people see coffee shops. Our growth in the last 12 months reflects the impending demand for go-to coffee spots and increasing brand loyalty. Our aim is to take this count closer to 200 by the end of the coming fiscal year,” shared Shivam Shahi, Co-Founder and COO, Blue Tokai Coffee Roasters.

For Blue Tokai, while it started as a small roastery experience centre in the lesser-known neighbourhood in Said-ul-ajaib in Delhi, these cafés have proved to be an instrumental channel in shaping India’s coffee preferences across demographics. The brand has witnessed a 2x growth in its café presence since FY23, mirroring the ever-increasing demand for specialty coffee - a segment popularised by Blue Tokai’s inception in 2013.  

Blue Tokai’s cafés are located at places of convenience like premium markets, corporate parks, malls, and residential neighbourhoods - an organic extension of the consumers’ daily schedule. Echoing the aim of making great tasting Indian coffee more accessible across the country, Blue Tokai’s 100th café is strategically located in the bustling neighbourhood of Ballygunge and brings together the soulful aroma of freshly brewed coffee, an extensive range of artisanal bakes, delicious food options and a perfect spot for readers, with a bookstore by Bahrisons Booksellers on the first floor. 

The Ballygunge outlet will be home to several hot and cold brews like Espresso, Pourover, Americano, Cappuccino, Flat White, Trioccino, Vietnamese-style iced coffee amongst many others - all brewed using Blue Tokai’s high-quality roasted beans. Customers will be in for a treat with food preparations ranging from healthy to indulgent and a wide variety of sweet and savoury options, baked to perfection by Suchali’s Artisan Bakehouse. This café will also be home to a compelling collection of roasted coffee beans, fresh breads and other coffee and bakery retail offerings.

abCoffee opens 25 outlets within a span of 20 months. All 25 outlets are company-owned and operated, showcasing remarkable expansion.

With a vision to make premium specialty coffee accessible across the nation, the brand aims to reach 150 stores by the end of 2024 through its innovative QSR approach.

The brand has another 25 outlets pipeline ready and plans to reach 50 outlets milestone by April 2024.

"This rapid expansion underscores our unwavering commitment to delivering exceptional coffee experiences at honest prices, coupled with a dedication to building strong community connections. We are proud of truly creating a coffee brand by Indians, for Indians and from India.” said Abhijeet Anand, Founder and CEO of abCoffee.

Moreover, abCoffee nurtures community ties by strategically situating its outlets throughout Mumbai and Delhi, including corporate parks, residential areas, and bustling high streets, thereby establishing coffee hubs within neighborhoods.

This commitment to engaging with the local community is also evident in their collaborations with cultural events like Jio MAMI and EUFF India.

Starbucks Coffee Company has announced that it is creating a more accessible store experience across its U.S. store portfolio through an Inclusive Spaces Framework.

Building on the company’s commitment to inclusion, the new design framework defines how Starbucks will help expand independence, choice and ease for all people across physical and digital spaces.

The first store to be built using the inclusive design framework opens today in Washington, D.C. and features items such as optimized acoustics and lighting for improved visual and audible communication for customers and accessible equipment designs for a better partner (employee) experience among other features. 

The Inclusive Spaces Framework was created in partnership with a diverse community of customers, partners and accessibility experts to develop scalable solutions for retail spaces. Moving forward, all newly built and renovated Starbucks company-operated stores in the U.S. will begin to incorporate the framework, a key milestone in ensuring Starbucks continues to expand accessibility and inclusion. The framework will also be open sourced and further developed to help expand accessibility across the retail industry.    
“At Starbucks, we have challenged ourselves to imagine what’s possible when we take a closer look at the many ways our partners and customers interact with us and experience our stores every day,” said Katie Young, senior vice president of store operations. “Building and scaling an Inclusive Store Framework is central to our mission of connection and will lead to greater access for all.” 
An estimated one in four adults in the United States has a disability and Starbucks is working to better meet the needs of its partners, customers and communities. The Inclusive Spaces Framework is already intentionally embedded into the company’s rapid store growth plans in the U.S.    

As Laxman Narasimhan, chief executive officer of Starbucks, shared during the recent Q1 FY24 earnings call, the company is bullish on new store openings and their strong unit economics. Starbucks plans to continue open more stores, growing by approximately 4% this year in the U.S. on a base of over 16,000, including licensed stores.

Further, new company-operated stores in the U.S. are averaging unit volumes of approximately $2 million with ROIs of approximately 50%. With strong unit economics and abundant opportunity ahead, new store growth in the U.S. will continue to fuel the company’s Triple Shot strategy. 

Starbucks Debuts Inclusive Spaces Framework in Washington, D.C. Store on Feb. 16 

The first Starbucks store to be built using the Inclusive Spaces Framework guidelines opens on Friday, Feb. 16. in Washington, D.C., at Union Market (331 N Street, NE, Washington, D.C. 20002).

“Starbucks opening of their new store built with inclusive design elements is a big moment as we try to make retail spaces more accessible and inclusive,” said Tony Coelho, a former U.S. congressman, primary author and sponsor of the Americans with Disabilities Act (ADA). “We have to go beyond just what is required to put accessibility and inclusion first to ensure all people feel like they belong in community spaces.” 

Blue Tokai Coffee Roasters, India's leading specialty coffee brand, revealed the introduction of the fourth installment of their highly cherished special coffee selection, known as the Producer Series.

The Producer Series, as its name implies, is a tribute to the endeavors of India's visionary coffee producers who are exploring inventive processing methods to craft distinct coffee varieties.

These special coffees are cultivated in small batches, subjected to diverse experiments at the farm level, and then undergo a gentle roasting by Blue Tokai's in-house experts to accentuate their exceptional fruity and floral characteristics, all before reaching the hands of customers.

During the past ten years, Blue Tokai has been actively collaborating with more than 70 coffee producers in India to introduce the nation's top-quality coffees to a global audience.

The Producer Series serves as a platform that not only showcases these enduring partnerships but also signifies the rising interest in coffee experimentation and the expanding community of specialty coffee enthusiasts within India.

Just like Blue Tokai's other roasted coffee offerings, all the batches of 'Producer Series 2023' will be accessible in various grind options, ensuring they are suitable for any brewing method that consumers may favor.

CCL Products (India) Ltd, the leading instant coffee manufacturer in India, announced on Thursday that it has purchased six coffee brands from Lofbergs Group, a coffee roaster based in Sweden.

The acquisition includes popular brands such as Percol, Rocket Fuel, Plantation Wharf, The London Blend, Perk Up, and Percol Fusion.

The deal, valued at approximately £550,000 (Rs 5.68 crore), was made through the acquisition of Food Brands Group, a subsidiary of Lofbergs Group.
 

According to a statement, the acquisition will provide CCL with entry into prominent UK supermarkets.

The UK is recognized as the largest instant coffee market in Europe, with annual retail sales reaching USD 850 million (Rs 69,187 billion).
 

Established in 1906, Lofbergs Group has grown to become one of the largest coffee roasters in the Nordic region.

 With its headquarters located in Karlstad, Sweden, the company boasts a production capacity that is equivalent to over 10 million cups of coffee each day.

Lofbergs Group operates its own roasting facilities in Sweden, Norway, Denmark, and Latvia. The company distributes coffee in approximately ten markets across Northern Europe.
 

CCL Products (India) Ltd, founded in 1994, is among the largest global producers of private-label coffee. The company operates manufacturing facilities in India, Vietnam, and Switzerland.

The Percol brand, introduced in 1987, offers a diverse selection of coffee products, including instant coffee, roast and ground coffee, and coffee bags.

CCL CEO Praveen Jaipuriar expressed enthusiasm for the acquisition of Percol, acknowledging its impressive heritage as a brand.

He emphasized the importance of collaborating closely with their sales and marketing partner in the UK to drive innovation, introduce new products, and concentrate on both business-to-consumer (B2C) and business-to-business (B2B) marketing strategies to maximize the brand's value.
 

Gloria Jean’s Coffee, the coffee cafe brand, is making a comeback to India with 100 new stores in the next five years.

Jay Jay Capital & Investments is the new master franchise company for Gloria Jean’s Coffee in the country. It is planning to invest up to Rs 150 crore for the expansion.

Gloria Jean’s Coffee is looking at launching 40 outlets across metros and mini-metros in India in the next three years. The brand will be targeting Bengaluru, Mumbai, Delhi NCR and Hyderabad for expansion.

Earlier, the Australian coffee brand had forayed into a master franchise agreement with Citymax Hospitality of the Landmark Group but had to shut shop after seven years of operations and a bleeding balance sheet.

In 2014, the company had annual revenue of about Rs 15 crore in the country, after seven years of operations.

Founded by Gloria Jean Kvetko in 1979 in the US, Gloria Jean’s Coffee launched its first outlet in Sydney, Australia. The brand now has a presence in over 50 markets.

Plans for India

Gloria Jean’s Coffee will be working on a cold kitchen concept and prepare fresh food. Its cafes will be about 800-1,500 sq ft with a per-store investment of about Rs 1 crore. The brand expects the return on investment to begin within two-and-a-half years of a store first being set up.

The company’s first set of stores is slated to launch in Mumbai and Bengaluru by June 2020.

Gloria Jean’s Coffee will also be revamped to provide fresh and live food at all outlets, which are to be a game-changer in the cafe industry. It will be positioned as a mid-segment brand.

The café brand is targeting to unveil outlets in shopping malls as well as selected high-street locations.

Offerings by Gloria Jean’s Coffee

Gloria Jean’s Coffee offers a variety of cold and hot coffees, chillers, quick bites, and muffins and pastries.

Rohit Malhotra, CEO of Jay Jay Capital & Investments Pvt Ltd, said, “At Gloria Jeans, we take our coffee very seriously, so not only does it taste great, but we also make sure we buy from suppliers that look after both their workers and the environment.”

“Our coffee beans are sourced from all over the world and from many different farms of all types and sizes large plantations, co-operative groups and tiny family farms,” he added.

Indian café chain market

In India, the café chain market, led by Café Coffee Day and Tata Starbucks, is one of the fastest-growing categories in the consumer food service industry. As per market research firm Euromonitor, this market is estimated to grow 6.9% a year to Rs 4,540 crore by 2023 in value sales at constant prices exclusive of inflation.

According to Euromonitor, India is now the world’s 10th fastest growing market for specialist coffee and tea retail chains, valued at Rs 2,570 crore in 2018.

Luckin Coffee, Chinese rival to Starbucks, is forming a joint venture with Louis Dreyfus Company, Dutch-headquartered agricultural goods producer and seller, to start a Luckin Juice business in China.

Both companies inked an agreement for developing the business that will sell orange, lemon and apple juices. They are also aiming to bottle and brand other fruit and vegetable juices.

Jinyi Guo, Co-Founder and Senior Vice-President, Luckin, said, “China is the fastest-growing NFC market globally and, together, Luckin and LDC see a significant opportunity to offer high quality, sustainably developed NFC juices to the Chinese consumer.”

Currently, Luckin has over 2,300 locations. It is looking at surpassing the 3,700 stores Starbucks has in China by the end of the year.

James Zhou, Global Vice President and Regional Head, Louis Dreyfus Company in North Asia, stated, “Our areas of expertise are totally complimentary, with LDC's know-how in managing a sustainable juice value chain and Luckin's knowledge of the Chinese consumer, marketing and digital platform know-how and established consumer base.”

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Swiss-based food giant Nestle will pay Starbucks $7.15 billion as part of a global coffee alliance allowing the Swiss brand to market U.S. coffee company's products around the world outside Starbucks' coffee shops.

Starbucks said it will use proceeds to speed-up share buybacks and the deal would add to earnings per share (EPS) by 2021 at the latest. Nestle saw the deal adding to earnings by 2019.

Nestle and Starbucks are joining forces in a highly fragmented consumer drinks category that has seen a string of deals lately.

JAB Holdings, the private investment firm of Europe's billionaire Reimann family, has fueled the consolidation wave with a series of deals including Douwe Egberts, Peet's Coffee & Tea and Keurig Green Mountain, narrowing the gap with Nestle.

"This global coffee alliance will bring the Starbucks experience to the homes of millions more around the world through the reach and reputation of Nestle," said Starbucks Chief Executive Kevin Johnson.

Starbucks plans to use the proceeds to accelerate share buybacks and now expects to return approximately $20 billion in cash to shareholders in the form of share buybacks and dividends through the fiscal year 2020, it said.

It said the transaction was expected to add to earnings per share by the end of the fiscal year 2021 or sooner, with no change to the company's currently stated long-term financial targets.

In a separate statement, Nestle said it expected the business to contribute positively to its earnings per share and organic growth targets from 2019.

As part of the deal, Nestle, which will take on about 500 Starbucks employees without altering its buyback program.

Coffee output in India, Asia’s third-largest producer, is estimated to climb to a record high this year, the state-run Coffee Board said. Production may increase 12 per cent to 350,400 metric tons in 2017-18 from a year earlier, the board said on Tuesday. The figure includes 103,100 tons of Arabica and 247,300 tons of the Robusta variety.

The rise in the estimate is mainly due to the officials surveying new areas under the crop in traditional growing regions, the board said, without elaborating.

The government’s prediction compares with an estimate of 300,000 tons output in the year that started on Oct. 1, made by A.L.R.M. Nagappan, chairman of the coffee committee at the United Planters’ Association of Southern India, in August. Nagappan saw production falling to an eight-year low on prolonged dry weather in key growing areas.

India’s four-month rainy period, which accounts for more than 70 per cent of the country’s annual precipitation, missed a normal rain forecast this year. Showers totalled 841.3 millimetres or 95 per cent of the 50-year average in the season, according to the India Meteorological Department. A monsoon is defined as normal when rain is between 96 per cent and 104 per cent of the long-term average.

Blue Tokai Coffee, a retailer of roasted beans and operator of a cafe chain known for its brewing techniques and variety of flavors, is set to open an outlet on MG Road in Gurgaon this month, its first outside New Delhi and Mumbai.

Rhea Sanghi, community manager at Blue Tokai said “Gurugram was selected because it is a hub of young urban professionals along with a large population of Korean and Japanese nationals with the habit of consuming good coffee, said. We already have a strong customer base in Gurugram from our online business, so opening up a physical cafe in the city was the next logical step. We recently conducted a brewing class in Gurugram, which attracted people from different backgrounds. Blue Tokai notched up Rs 5 crore of sales in the past year and invested about Rs 40 lakh in the Gurugram cafe”.

Since starting in 2012, Blue Tokai has been providing beans from coffee estates located in Karnataka and Tamil Nadu. It supplies coffee not just to corporate offices, but also to home brewers and cafes in Gurgaon.

The company, started by Matt Chitharanjan and his wife Namrata Asthana, is trying to broaden the coffee experience for customers by introducing modern barista techniques such as weighing espresso shots, offering a variety of brewing methods and getting their baristas to engage with customers to explain what they do.

Sanghi said a wide range of customers who had embraced its brewing techniques and roasted coffee beans were the sole reason for Blue Tokai’s growth. The company plans to open more outlets in Delhi and Mumbai and is looking at starting its third roasting unit in south India next year.

The Income Tax department, which began search operations at Coffee Day Group companies and the other premises owned by founder VG Siddhartha on Thursday morning, continue with its operations today.

An IT official said “We don’t finish our searches normally on a single day”.

The officials have swamped down on 25 premises owned by the Coffee Day Group in Mumbai, Chennai and Bengaluru, including the corporate office on Vittal Mallya road, and other personal properties owned by Siddhartha in his hometown of Chikkamagaluru in Karnataka. The entrepreneur owns vast swathes of coffee planation in Chikkamagaluru district. The officials also searched his residence in Sadashivanagar in Bengaluru, but left the premises on Thursday evening itself.

The Coffee Day Enterprises stock continued to trade in the red today, having lost about 2% in value around 10 am.

In a statement, Coffee Day said: “Coffee Day Enterprises is a responsible corporate following all norms of corporate governance. We continue to comply with laws of land and will extend all cooperation with the concerned authority.”

Karnataka Pradesh Congress president G.Parameshwara said BJP regime at the Centre was misusing the IT department to target Congress leaders, and the raids on Siddhartha were meant to divert such criticism. The Centre wants to claim that they would not spare even the relatives of their party leaders, he said.

Café Coffee Day, the ubiquitous coffee retail chain with some 1650 outlets countrywide is the dominant player in the fast-growing sector, its rivals include America’s Starbucks, which has about 100 outlets in India’s top cities.

Coffee Day Enterprises reported revenues of Rs 3120 crore revenue for the year ended March 2017.

Starbucks, the Seatle-based coffee giant has made an announcement in a statement that Howard Schultz, the company's Chairman and CEO, is going to take charge of the Executive Chairman and Kevin Johnson, the current COO is going to be the Chairman and CEO with effective from April 13, 2017.

Schultz is going to look after the innovation, design and development of Starbucks Reserve Roasteries around the world, expansion of the Starbucks reserve retail store format and the company's social impact initiatives.

In this new role Schultz will continue to serve as chairman of the Board.

Johnson has led the company's global operating businesses as President and Chief Operating Officer since March 20015, across all geographies as well as the core support functions of Starbucks supply chain, marketing, human resources, technology, and mobile and digital platforms.

Johnson has been a Starbucks board member since 2009, and will continue to serve as a member of the Board.

Schultz said, "Starbucks consistently outperforms the retail industry because our stores, our offerings and the experiences our partners create make us a destination. The best evidence of the success of the core strategy driving our business is that we continue to deliver quarter after quarter of record, industry leading revenue, comp sales and profit growth, and that the newest classes of Starbucks stores continue to deliver record-breaking revenues, AUV’s and ROI both in the U.S. and around the world."

"As I focus on Starbucks next wave of retail innovation, I am delighted that Kevin Johnson – our current president, coo, a seven-year board member and my partner in running every facet of Starbucks business over the last two years – has agreed to assume the duties of Starbucks chief executive officer. This move ideally positions Starbucks to continue profitably growing our core business around the world into the future."

Johnson said, "Over the past two decades, I have grown to know Starbucks first as a customer, then as a director on the board, and for the past two years as a member of the management team. Through that journey, I fell in love with Starbucks and I share Howard’s commitment to our mission and values and his optimism for the future."

"It is an honor for me to serve the more than 300,000 partners who proudly wear the green apron and I consider it a privilege to work side-by-side with Howard, our world-class board of directors, and a very talented leadership team. Together, we will reaffirm our leadership in all things coffee, enhance the partner experience and exceed the expectations of our customers and shareholders. We believe in using our scale for good and having positive social impact in the communities we serve around the world."