Coffee chain Blue Tokai continued to expand its business in FY26, with revenue crossing the Rs 500 crore mark, supported by its presence in the organised cafe market. However, the expansion came with a higher cost burden, as losses widened 53.7% during the fiscal year ended March 2026.
Blue Tokai’s revenue from operations surged 59.4% to Rs 518 crore in FY26, compared with Rs 325 crore in FY25, according to the company’s consolidated financial statements reviewed by Entrackr.

The company also reported Rs 7.5 crore in other income, pushing its total income to Rs 525.5 crore during the last fiscal year.
Sales of coffee and related products remained Blue Tokai’s primary source of operating revenue, rising 59.3% to Rs 513 crore in FY26 from Rs 322 crore in FY25. Lease income increased 36.2% to Rs 3.5 crore, while revenue from services stood at Rs 1 crore during the fiscal year.
The increase in operating costs outpaced revenue growth, putting pressure on Blue Tokai’s profitability. The cost of materials consumed, its largest cost component, increased 65.5% to Rs 187 crore in FY26 from Rs 113 crore in FY25. Employee benefit expenses rose 35.9% to Rs 130.5 crore, while rent expenses grew 59.6% to Rs 26.65 crore during the last fiscal year.
Depreciation costs nearly 2X jumped to Rs 87 crore. Finance costs also jumped 68.8% to Rs 27 crore from Rs 16 crore in the same period.
5% to Rs 150 crore in FY26 from Rs 88 crore in FY25, accounting for 25% of the total expenditure.
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