COFFEE consumption in India is on the rise, with the market expected to grow by over 8 per cent annually, driven by younger consumers opting for café culture. As the second-largest café chain in India with 450+ outlets and a robust network across 140 cities, Barista is poised for rapid growth and market leadership.
Market Share And Position
Barista, a pioneer in India’s café industry, has secured a significant market position. “Today, Barista is the secondlargest café chain in India, with a network of over 450 stores, and we are on track to becoming the top player in the coming months,” said Rajat Agrawal. The brand’s reach spans more than 140 cities in India and Sri Lanka, with Barista already dominating the Sri Lankan market with 40-plus outlets. “We control around 10 per cent of India’s café market, excluding airport business,” he added, underscoring the brand’s strong foothold.
Expansion Plans And Growth Strategies
Barista is on a rapid growth trajectory, having opened over 200 outlets in the last three years. “We plan to double our network over the next 4-5 years, expanding across both company-owned and franchise-owned stores,” shared Agrawal. With increasing consumer demand in tier-1, 2, and 3 cities, Barista is well-prepared to scale further. The company is also targeting transit hubs such as airports, railway stations, and highways to capture more market share.
New Product Launches And Menu Innovations
This story is from the September 21, 2024 edition of BW Businessworld.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the September 21, 2024 edition of BW Businessworld.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Gauging Trumponomics For India
Despite some shortto mediumterm headwinds in trade and immigration, the broader Indo-US vision of counterbalancing China’s influence is expected to ensure continued cooperation under Trump 2.0
Reflections on Consciousness and Creation
Indian-American DEEPAK CHOPRA on the nature of the universe, the digital fabric of existence, and the power of a conscious mind
MORE TAKE TO DRIVING IN STYLE
High-end luxury vehicles are no longer part of a niche market, but a rapidly expanding segment of automobile sales, driven by changing consumer preferences, rising disposable incomes and better infrastructure
India's Growing Affinity for Swiss Watches: A Luxury on the Rise
NDIA'S ROBUST ECONOMIC growth, projected to exceed 6 per cent in 2024 and 2025, is fostering a rising demand for aspirational products. As disposable incomes increase, particularly among the expanding middle class, luxury goods such as Swiss-made watches are gaining popularity.
An ENRiching Outlook
KPMG's latest report shows energy CEOs being optimistic about the sector's outlook. ANISH DE, Global Head, ENRC, KPMG speaks to BW Businessworld's Arjun Yadav on what's driving this confidence
Paving the Path to a Sustainable Future
Salesforce's ESG journey has made an impact beyond the company. SUNYA NORMAN, SVP of ESG Strategy and Engagement at Salesforce, shares more on how the tech giant integrates sustainability into its core operations, supporting global goals while empowering employees
LEADERSHIP TRANSITION AT XIAOMI INDIA
Xiaomi India is experiencing a leadership evolution, beginning with Muralikrishnan B's departure as President by the end of 2024. This change underscores Xiaomi's shift towards nurturing local talent amidst dynamic global shifts. The story tracks key transitions from Manu Kumar Jain's leadership to Muralikrishnan B's impactful tenure, along with recent strategic hires, highlighting Xiaomi's alignment towards market adaptability and consumer focus
WEAVING SUSTAINABILITY
Once a modest home textile manufacturer, Jindal Worldwide has evolved into a vertically integrated textile powerhouse, spanning critical segments of the yarn and fabric value chain
FORCE FOR GOOD
FY24 saw capacity expansions for Century Enka in nylon and polyester segments, along with investments in modernisation, renewable energy, and safety initiatives
REIMAGINING TOMORROW
For V-Guard, tomorrow signifies progress, driven by today's actions, setting the foundation for future growth and value creation for all stakeholders