Costa Coffee India revenue jumps 49% to INR 151.8 cr; store count hits 179 with 60-70 annual adds planned
Devyani International's Costa Coffee franchise grew FY24 revenue 49% to INR 151.8 cr and gross profit 45% to INR 116.6 cr, adding 67 stores to reach 179. Guidance of 60-70 new units annually targets airports and high-footfall sites, intensifying competition with Starbucks and Barista. ADS slipped to INR 32,710 from INR 35,085, hinting at unit-level dilution.
Costa Coffee India (Devyani International franchise) grew FY24 revenue 49% to INR 151.8 cr, added 67 stores to reach 179, and plans 60-70 new units annually, targeting airports and high-footfall sites against Starbucks and Barista.
Why this matters
Costa Coffee's aggressive 67-store FY24 expansion under Devyani International escalates India's premium cafe race against Starbucks and Barista, though falling ADS suggests new units are cannibalizing maturity.
Retail-brand activity steady at 1,179 signals over 90 days.