Speciality coffee chain Blue Tokai Coffee Roasters reported a sharper focus on financial discipline in FY25 as its net loss narrowed by over 20 percent, even while the company continued to scale its retail and roasting footprint across India and overseas.
For the year ended March 2025, Blue Tokai posted a net loss of ₹50.2 crore, compared to ₹62.9 crore in FY24. The improvement was driven by stronger operating performance, though the bottom line remained under pressure due to a higher tax outgo of ₹11.1 crore during the year, against a tax gain of more than ₹1 crore in the previous fiscal. Loss before tax declined nearly 40 percent to ₹39.1 crore from ₹64.2 crore a year earlier.
Revenue growth remained robust. Operating income rose 1.5 times year-on-year to ₹325.4 crore in FY25 from ₹215.8 crore in FY24, reflecting steady demand across cafés, packaged coffee sales and institutional channels. Including other income of ₹7.3 crore, total income stood at ₹221.1 crore, marking a year-on-year increase of just over 50 percent.
Founded in 2013, Blue Tokai has steadily expanded its presence in India’s premium coffee market. The company currently operates four roasting facilities and more than 100 outlets across major cities including Delhi NCR, Mumbai, Bengaluru and Hyderabad. Internationally, it has established operations in Tokyo and Dubai, signalling ambitions beyond the domestic market.
The company’s expansion strategy, however, came with higher costs. Total expenditure increased 35.3 percent to ₹385 crore in FY25 from ₹284.5 crore in the previous year, driven by store additions, supply chain investments and rising operating overheads.
Blue Tokai competes in a crowded speciality coffee segment alongside players such as Third Wave Coffee Roasters, SLAY Coffee, Rage Coffee and Sleepy Owl. Since inception, the brand has raised over $97 million from investors including Verlinvest, A91 Partners, Anicut Capital and 12 Flags.
While losses persist, the narrowing gap between revenue growth and cash burn suggests a gradual move toward a more sustainable operating model as India’s café culture continues to evolve.
