Barista
aims for Rs. 100 cr turnover
Asian
Age March 25, 2002
In
its bid to position itself as a global brand,
the New Delhi-based Barista Coffee Ltd, is planning
overseas expansion by the next fiscal (2002-03)
and is also looking to expand its domestic retail
network from the present 76 to 176 by the end
of 2003. The largest retail chain for speciality
coffee in India, in which Tata Coffee Ltd holds
34.4 per cent stake, has targeted an increase
in turnover from the current Rs 30 crore to Rs
100 crore next fiscal.
We are very serious about global expansion. We
want to be a global player and create a brand
which is accepted globally. By the next fiscal
we will be opening our retail outlets overseas.
We have identified the geographies but have not
yet decided where to go first. The plan will be
to first regionalise the outlets in a particular
country and then expand to other places.
By doing this we will be able to create a global
brand while expanding, Mr Sandeep Vyas, executive
vice president (marketing & communication),
told The Asian Age. Mr Vyas, however did not comment
on how many outlets Barista would be setting up
initially and whether all the retail outlets overseas
will be company owned, which is the case in the
domestic market.
He said that another 100 retail outlets will be
added in the domestic market which will help the
company to increase its presence in all the major
cities. In Delhi we have the highest number of
outlets with 32 all over the city and we are increasing
the number to 50, while in Mumbai we plan to add
another 19 to the existing 24 outlets (21 retail
outlets plus three off-premise outlets).
We have just opened our outlet in Kolkata and
right now we are present in 12 cities, he said,
adding that the expansion would cost the company
around Rs 4 crore. Barista has also entered the
home brew segment with their version of freshly
ground coffee. Mr Vyas said their Arabica Coffy
is retailing at Rs.120 for a 200 gm sachet and
would also be available at Barista Expresso Bars
as -House Blend.
Besides this the company has also introduced single
origin coffees. Barista also plans to focus on
the home brew the freshly grounded coffee segment
by extending the product portfolio from roasted
coffee range to include single origin coffee under
the umbrella brand Barista. The single origin
coffee range comprises ‘Jamaica Blue Mountain
a 100 per cent Wallenford Estate’, ‘Cuba Caracolillo
Crystal Mountain’, ‘Colombia Supremo’, ‘Brasil
Santos’ and ‘Single Mould Scotch’ among others
and are priced between Rs 600 and Rs 2,000 for
a 200 gm pack.
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