Boba Bhai's FY26 revenue jumps 1.5X to ₹70 Cr, losses widen 32%

The bubble tea-led QSR chain says FY26 revenue hit ₹70 Cr (vs ₹28 Cr) on 30-40% SSSG, but net loss widened to ₹12.5 Cr. Food and tea split 50-50; coconut jelly drinks and Korean chips via quick commerce are next. Targets profitability before pushing into Kolkata and Ahmedabad.

— Source publishedTue, 26 May, 2026, 18:49 IST·First seen Tue, 26 May, 2026, 18:49 IST·Source Inc42 · Buzz

What happened

QSR startup Boba Bhai's FY26 revenue jumped 145% to ₹70 Cr with net loss widening to ₹12.5 Cr. Food and bubble tea contribute 50-50; plans coconut jelly drinks

Key facts

  • ₹70 Cr FY26 revenue
  • 145% YoY growth
  • ₹28 Cr FY25 revenue
  • ₹12.5 Cr net loss
  • 32% loss widening
  • 30-40% SSSG
  • ₹24 Cr raw material spend
  • ₹40 Cr recent funding
  • $9 Mn total raised
  • 60-70% market share
  • 8 cities
  • 200-250% FY27 growth target

Why this matters

Boba Bhai is positioning as India's category-defining bubble tea QSR with quick-commerce SKU extensions—watch for strategic interest from larger F&B platforms or beverage majors seeking Gen-Z-native formats before the Series B.

Also reported by