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.

— Source publishedThu, 13 Jun, 2024, 17:42 IST·First seen Sun, 7 Jun, 2026, 06:38 IST·Source Devyani International

What happened

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,

Key facts

  • revenue INR 151.8 cr FY24
  • +49% YoY
  • gross profit INR 116.6 cr
  • +45% YoY
  • 67 new stores added
  • 179 total stores
  • ADS INR 32,710 vs INR 35,085
  • 60-70 new units/year guidance