TCPL

Tata Starbucks Posts 21 % Growth in 2019-20; Tata Consumer Products Ltd. Invests Rs 53 Cr in JV

Though business achieved "high store growth, Tata Starbucks' profitability was adversely impacted" in 2019-20 by reversal of deferred tax assets due to tax rate changes, implementation of the new accounting standards for leases and also to some extent by the impact of lockdown.