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Time of India
4 hours ago
- Time of India
Costa Coffee FY25 sales jump 31%; company expands footprint to 220 outlets
NEW DELHI: Costa Coffee, the British coffee chain, reported a significant increase in its India operations, with revenue climbing 30.76% to Rs 198.5 crore in FY25, while profit increased by 28.4% to Rs 149.7 crore. The company expanded its presence from 179 to 220 outlets in FY25, contributing to this growth, as detailed in Devynai International Ltd's (DIL) annual report. For the financial year ending March 31, 2024, the company recorded revenue from operations of Rs 151.8 crore and profit of 116.6 crore. The company experienced a slight decrease in gross margin to 75.4% from 76.8% in FY24, due to increased costs of coffee beans and other raw materials. "The brand contribution margin came down from 17% to 16.1%, with average daily sales (ADS) per store declining from Rs 33,000 to Rs 27,000, translating into a reduction of same store aales growth (SSSG) from 8.7% to 4.1% during this period," said DIL. DIL, a prominent QSR chain operator, manages Costa Coffee's Indian operations through a franchise agreement. In April this year, Costa Coffee's Global CEO Philippe Schaillee informed PTI during his visit that India would become one of the brand's top five global markets. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Is it legal? How to get Internet without paying a subscription? Techno Mag Learn More Undo The coffee brand, currently under Coca-Cola's ownership, ranks among the top ten markets globally. "Costa Coffee is aggressively expanding in India, targeting 40-50 new outlets annually despite global economic uncertainties. DIL sees India as a high-potential market, driven by a growing preference for premium coffee among millennials and Gen Z," said DIL. The coffee sector in India is experiencing growth rates of 10 to 12%, twice the global average. The report indicated that India, currently among Costa's top 10 markets globally, could advance to the top five markets within five years. DIL noted that India, traditionally a 'chai' consuming nation, is witnessing a significant shift in beverage preferences, particularly among younger generations influenced by Western culture. Costa Coffee faces stiff competition in India's growing café market, not only from global players like Starbucks, Tim Hortons, McCafé, and Dunkin', but also from homegrown brands such as Café Coffee Day, Blue Tokai, Third Wave Coffee, and Barista, which are all expanding their presence. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Mint
4 hours ago
- Mint
Costa Coffees India FY25 sales jump 30 pc to ₹198 cr; gross margin declines marginally
New Delhi, Jul 13 (PTI) British coffee chain brand Costa Coffee's India revenue from operations surged 30.76 per cent to ₹ 198.5 crore in FY25, and its profit rose 28.4 per cent to ₹ 149.7 crore. The growth was driven by store expansion, as the number of outlets increased from 179 to 220 in FY25, according to the latest annual report of Devynai International Ltd (DIL). Its revenue from operations was ₹ 151.8 crore, and profit stood at 116.6 crore for the financial year ended March 31, 2024. Costa Coffee's gross margin declined marginally to 75.4 per cent from 76.8 per cent in FY24, primarily because of inflation in coffee beans and other input materials. "The brand contribution margin came down from 17 per cent to 16.1 per cent, with average daily sales (ADS) per store declining from ₹ 33,000 to ₹ 27,000, translating into a reduction of same store aales growth (SSSG) from 8.7 per cent to 4.1 per cent during this period," said DIL. Costa Coffee is operated in India through its franchise partner DIL, a leading QSR (Quick Service Restaurant) chain operator. Earlier this year, in April, Costa Coffee's Global CEO Philippe Schaillee, who was on a visit here, told PTI that India is going to be among the top five global markets for the British coffee chain brand. The coffee brand, now owned by beverage major Coca-Cola, is currently among the top ten global markets. "Costa Coffee is aggressively expanding in India, targeting 40-50 new outlets annually despite global economic uncertainties. DIL sees India as a high-potential market, driven by a growing preference for premium coffee among millennials and Gen Z," said DIL. This trend is manifest in the fact that the coffee space in the country is growing at 10 to 12 per cent, double the rate of global markets. "India, which is among Costa's top 10 markets globally, has the potential to get into the top five markets in five years, and Costa Coffee is just the sweetly aromatic spot to seize this strong opportunity," the report said. According to DIL, India, which is largely a 'chai' (tea) loving nation, is becoming a country of a growing populace of coffee lovers, with a massive cultural shift in its drinking habits over the years. Coffee is now the first love of many Gen Z Indians influenced strongly by Western culture, which is often a part of their work ethos. "At Costa Coffee, this has actuated a strong focus on expanding the brand's presence in high footfall locations, such as airports and multiplexes," said DIL. In the Indian cafe market, Costa Coffee competes with international chains such as Starbucks, Tim Horton, McCafe, and Dunkin'.
Mint
4 hours ago
- Mint
Costa Coffees India FY25 sales jump 30 pc to ₹198 cr; gross margin declines marginally
New Delhi, Jul 13 (PTI) British coffee chain brand Costa Coffee's India revenue from operations surged 30.76 per cent to ₹ 198.5 crore in FY25, and its profit rose 28.4 per cent to ₹ 149.7 crore. The growth was driven by store expansion, as the number of outlets increased from 179 to 220 in FY25, according to the latest annual report of Devynai International Ltd (DIL). Its revenue from operations was ₹ 151.8 crore, and profit stood at 116.6 crore for the financial year ended March 31, 2024. Costa Coffee's gross margin declined marginally to 75.4 per cent from 76.8 per cent in FY24, primarily because of inflation in coffee beans and other input materials. "The brand contribution margin came down from 17 per cent to 16.1 per cent, with average daily sales (ADS) per store declining from ₹ 33,000 to ₹ 27,000, translating into a reduction of same store aales growth (SSSG) from 8.7 per cent to 4.1 per cent during this period," said DIL. Costa Coffee is operated in India through its franchise partner DIL, a leading QSR (Quick Service Restaurant) chain operator. Earlier this year, in April, Costa Coffee's Global CEO Philippe Schaillee, who was on a visit here, told PTI that India is going to be among the top five global markets for the British coffee chain brand. The coffee brand, now owned by beverage major Coca-Cola, is currently among the top ten global markets. "Costa Coffee is aggressively expanding in India, targeting 40-50 new outlets annually despite global economic uncertainties. DIL sees India as a high-potential market, driven by a growing preference for premium coffee among millennials and Gen Z," said DIL. This trend is manifest in the fact that the coffee space in the country is growing at 10 to 12 per cent, double the rate of global markets. "India, which is among Costa's top 10 markets globally, has the potential to get into the top five markets in five years, and Costa Coffee is just the sweetly aromatic spot to seize this strong opportunity," the report said. According to DIL, India, which is largely a 'chai' (tea) loving nation, is becoming a country of a growing populace of coffee lovers, with a massive cultural shift in its drinking habits over the years. Coffee is now the first love of many Gen Z Indians influenced strongly by Western culture, which is often a part of their work ethos. "At Costa Coffee, this has actuated a strong focus on expanding the brand's presence in high footfall locations, such as airports and multiplexes," said DIL. In the Indian cafe market, Costa Coffee competes with international chains such as Starbucks, Tim Horton, McCafe, and Dunkin'. Besides, local chains like Cafe Coffee Day, Blue Tokai, Third Wave Coffee and Barista are also amplifying their play in the fast-growing cafe market in India.
