TGB stock is trading at a trailing price-earnings multiple of 36 and is 28 per cent below its record high of Rs 181.7, hit in November 2012. Its market cap is slightly higher than its trailing four quarters revenues of Rs 7,987 crore.
In FY15, Tata Starbucks\' loss narrowed to Rs 47 crore from Rs 51.87 crore a year ago. Over the past year, the coffee chain invested Rs 120 crore to expand India operations.
It has come up with one of the biggest and smartest line of attack to use the world's two most socially acceptable addictions these days-coffees and phones. According to Wired, Starbucks is teaming up with the most profitable company in the entire world
Starbucks Cafes says the service is in line with its push to make its offerings increasingly convenient. By the end of this year, Starbucks also plans to roll out delivery in Seattle in partnership with Postmates.
Starbucks stores in London started using the new mobile order system from 1st October. The company, though, has yet to announce the availability of the service in other parts of the UK.
Schultz also wrote that while Starbucks isn\'t immune to volatility from Wall Street, he\'s still confident the company\'s future plans for growth won\'t be impacted by tumultuous markets.