Costa Coffee Expands Brew-tifully in India's Booming Cafe Scene
Costa Coffee's India revenues surged by 30.76% in FY25, driven by store expansion from 179 to 220 outlets. Despite a slight dip in margins due to inflation, the brand sees India as a high-potential market. Aggressively expanding, it's targeting top five global market status within five years.
- Country:
- India
British coffee brand Costa Coffee saw a 30.76% spike in its India revenue reaching Rs 198.5 crore for FY25, with profits increasing by 28.4% to Rs 149.7 crore, as detailed in Devynai International Ltd's annual report.
This growth stemmed from expanding its store count from 179 to 220, although its gross margin slightly declined to 75.4%, impacted by inflation in coffee bean prices. Concurrently, there was a reduction in average daily sales per store and a decrease in same-store sales growth.
Fueled by a shift toward premium coffee among younger demographics, Costa Coffee, under Coca-Cola's ownership, sees India as a promising market with a plan to annually add 40-50 outlets. Competing with both international and local chains, Costa is positioning itself at high-traffic locations to tap into the ensuing caffeine culture.
(With inputs from agencies.)
Google News