Costa Coffee Coca-cola

British coffee chain brand Costa Coffee's store count in India shrunk to 198 outlets in FY26 from 220 a year ago, marking a first decline in over five years in a key market for the company, according to the latest annual report of its exclusive franchise partner Devyani International Ltd (DIL). Costa Coffee is owned by global beverage major The Coca-Cola Company. However, Costa Coffee's revenue was up 7 per cent year-on-year to Rs 212.5 crore in FY26. In FY25, sales/revenue from operations increased 30.76 per cent to Rs 198.5 crore, driven by store expansion, with the network growing to 220 outlets from 179. FY26 revenue saw growth despite the store count falling, underlining the shift from network-led growth to higher revenue per outlet. The net reduction of 22 cafes marks a break from Costa Coffee's expansion run since FY21, when it operated just 44 outlets in the country. The store count had risen every year since then -- to 55 in FY22, 112 in FY23, 179 in FY24 and 220 in FY25 -

The Indian consumer is starting to shift from tea to coffee and then increasingly moving to premium coffee, he added

Coffee, and more specifically, specialty coffee, is pretty much at a tipping point, Nair said

For the test run, the beverage has been priced at Rs 230 for a 250 ml can and is being sold in Goa and some parts of Maharashtra

The brand opened its 150th store in India in New Delhi on Thursday

Coca-Cola India is expanding its network in rural areas, which nearly contribute 38 per cent to the overall business

The Atlanta beverage giant said the fourth quarter was the first time since the pandemic that away-from-home sales volumes exceeded 2019 levels

People hang out there for relaxation, leisure, romance, negotiations, fixing marriage and divorce, businesses, real estate deals, interviews, counselling, studies, projects, and what not

Experts say the 18-35 age group is among the key target groups of coffee chains in India

The $5.1-bn deal is the biggest purchase in 8 yrs for the world's largest beverage firm