Blue Tokai targets 800 stores by FY2030, tripling network amid India's premium coffee boom
Muhavra-owned Blue Tokai plans to add 120 outlets this year and hit 800 stores by FY2030, entering Ahmedabad and Lucknow. Revenue rose 50% to Rs 800 crore. The chain aims for profitability by March 2028 and an IPO within 5-7 years as it battles Starbucks and Third Wave Coffee.
Blue Tokai plans to triple its store network to 800 by FY2030, adding 120 outlets this year and entering Ahmedabad and Lucknow, as it competes with Starbucks amid India's booming premium coffee market. Eyes IPO within 5-7 years.
Why this matters
Blue Tokai's expansion tracks India's specialty coffee surge, with the market set to double to $6.52 Bn by 2031 as Blue Tokai, Third Wave and Subko race to scale outlets and revenue.
Store-opening activity is steady with 741 signals logged in the last 90 days.