Third Wave Coffee to add 100 cafés, eyes FY27 break-even as it pushes into East India
The Bengaluru-based chain will scale from 220+ to over 320 COCO outlets this fiscal, with 60-70% of additions in existing strongholds like Bengaluru, Delhi NCR and Mumbai, and 30-40% in new East India markets including Kolkata, Guwahati, Patna and Bhubaneswar. 90% of stores are EBITDA-positive.
What happened
Third Wave Coffee plans 100 new COCO cafés this fiscal and targets company-level break-even in FY27. The Bengaluru chain is entering East India via Kolkata,
Key facts
- 220+ existing stores
- 100 new cafés in FY
- 64 Bengaluru stores
- 48 Delhi NCR stores
- 40 Mumbai stores
- 18 Pune stores
- 13 Hyderabad stores
- 8 Chennai stores
- 90% stores EBITDA positive
- 10-12 Kolkata stores planned
- 60-70% in existing cities
- 30-40% in new markets
Why this matters
Third Wave's COCO-only push to 320+ stores cements it as a scaled strategic asset in India's specialty coffee consolidation, with East India footprint creating defensible whitespace ahead of Blue Tokai, Subko, and potential international entrants.