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Costa Coffee India ends four years of store growth
['Daniel Woods']
Global Coffee Report
Costa Coffee India master franchisee Devyani International Limited (DIL) has heralded the coffee brand as a “key anchor” to its growth strategy, despite reducing its store count of the business for the first time in more than five years.
“Having identified India as a high-potential market for sustained growth, Costa Coffee continues to expand its geographic footprint in the country,” the report reads.
Costa is also buying into Gen Z and Millennial tastes, citing a shift from tea to specialty coffee in the region as a strong opportunity.
“The coffee culture in India has emerged as a niche opportunity,” the report continues.
“Costa Coffee’s brand proposition is focused on capturing this niche, created by the massive shift from tea to specialty coffee among Gen Z and Millennials.