Blue Tokai crosses ₹500 crore in revenue, but its loss widens 54% to ₹83 crore
The coffee chain's sales jumped nearly 60% in FY26 as it opened more cafés, but costs grew even faster.
- Revenue: ₹518 crore (+59%)
- Net loss: ₹83 crore (+54%)
- Cash: ₹39 crore, down from ₹118 crore
Brewing growth
Gurugram-based Blue Tokai earned ₹518 crore from operations in FY26 (the year to March 2026), up about 59% from ₹325 crore. Almost all of it came from selling coffee and related products, in cafés and as packaged beans.
But the bill is bigger
Total expenses rose about 62% to ₹608 crore. Raw-material costs, staff pay, rent and depreciation all climbed as the chain expanded. Its net loss widened to ₹83 crore from ₹54 crore, and it spent about ₹1.17 for every rupee it earned. Cash and bank balances fell to ₹39 crore from ₹118 crore.
The competition
For scale, Tata Starbucks reported revenue of ₹1,367 crore for the year and cut its losses by 27%. Third Wave Coffee has not yet released FY26 numbers. Blue Tokai's next test is making each café profitable, not just opening more of them.
Its operating profit (EBITDA) did rise to ₹23 crore from ₹19.4 crore, but the margin shrank to about 4.4% from 6%. Finance costs also jumped about 69% to ₹27 crore, a sign that expansion is getting more expensive to fund.
