Blue Tokai Aims For Rs 10 Bn Yearly Revenue By 2027, Targets 350 Cafes Before IPO
Unlike peers such as Swiggy and FirstCry, which went public this year amidst a stock market boom, Blue Tokai is in no rush to debut
Indian specialty coffee chain Blue Tokai plans to triple its annual revenue to Rs 10 billion by 2027, CEO and co-founder Matt Chitharanjan told Reuters on Monday. Currently operating over 130 cafés, the company aims to expand its footprint to 350 locations across cities like Hyderabad and Chennai to capitalise on India’s growing Rs 300 crore specialty coffee and tea market.
With a revenue run rate of Rs 3.7 billion this year, the company is focusing on maintaining "healthy profit margins" to position itself as a strong IPO candidate. Chitharanjan emphasised that Blue Tokai’s 'well-capitalised' structure and patient investors allow it to prioritise internal milestones over immediate public listing plans.
Unlike peers such as Swiggy and FirstCry, which went public this year amidst a stock market boom, Blue Tokai is in no rush to debut. “Market conditions will fluctuate, and we are more concerned about reaching our internal goals,” Chitharanjan revealed to a leading news wire.
Supported by Belgian investment firm Verlinvest, Blue Tokai aims to strengthen its hold in the café segment as coffee culture surges in urban India, driven by the rising affluence of city dwellers.
