1. For the quarter, Revenue from operations increased by 23% (21% in constant currency) as compared to corresponding quarter of the previous year, led by volume and value growth in the branded business. The Group s business segments catering to out of home consumption continue to be adversely impacted, with progressive recovery from the earlier lows. Profit before exceptional items and tax at Rs 298 Crores is higher by 13% as compared to corresponding quarter of the previous year, mainly on account of growth in revenue and good control over expenditure despite record tea cost inflation in India. Lower tax provision in the current quarter is on account of one time credits and profit mix. Group Consolidated Net Profit is higher by 29%.
Tata Starbucks announces Sushant Dash as CEO Designate effective April 1
February 10, 2021
Sushant Dash×
Dash joins Tata Starbucks from Tata Consumer Products where he is currently President – Packaged Beverages Business, India, Bangladesh and Middle East.
Tata Starbucks on Wednesday announced that Sushant Dash will join the company as CEO Designate effective April 1, 2021 and take over as CEO on May 1, 2021.
Navin Gurnaney, CEO, has made the decision to pursue an opportunity outside of the company. Under Gurnaney’s leadership, the company has experienced accelerated growth, new city entries and store formats, numerous contributions related to social impact initiatives, as well as innovative product offerings.
NEW DELHI: Tata Starbucks CEO Navin Gurnaney will step down and Sushant Dash will be taking over as CEO from 1 May 2021, the company announced on Wednesday. "Navin Gurnaney, CEO, has made the decision to pursue an opportunity outside of the company," Tata Starbucks said in a statement. Under Gurnaney's leadership, the company has experienced accelerated growth, new city
Dash joins Tata Starbucks from Tata Consumer Products where he is currently President Packaged Beverages Business, India, Bangladesh, and Middle East, the company said.
Sushant Dash to take over as Tata Starbucks CEO on May 1
Navin Gurnaney will be stepping down from the post and will be replaced by Sushant Dash. Dash will take over as CEO from May 1, 2021. Dash will join Tata Starbucks on April 1, 2021, as CEO-designate
BusinessToday.In | February 10, 2021 | Updated 21:00 IST
Tata Starbucks currently operates in 17 cities through 216 stores across India
Tata Starbucks announced on Wednesday that its Chief Executive Officer (CEO) Navin Gurnaney will be stepping down from the post and will be replaced by Sushant Dash. Dash will take over as CEO from May 1, 2021. Dash will join Tata Starbucks on April 1, 2021, as CEO-designate.