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India's specialty coffee market set to double to $6.52 Bn by 2031 as Blue Tokai, Third Wave, Subko scale
Our read
With the specialty coffee category doubling to $6.52Bn by 2031, operators must lock in roastery capacity, barista pipelines and prime cafe real estate now before unit economics tighten amid the Blue Tokai/Third Wave/Subko land grab.
The report,
India's specialty coffee market is projected to double to $6.52 Bn by 2031, driven by Blue Tokai, Third Wave, Maverick & Farmer and Subko. Newsletter also covers Yes Madam's ₹50 Cr Info Edge round, GIVA's Kriti Sanon deal, and Nykaa's Q4 profit quadrupling.
Reported figures
From the report. Source details below
| Nykaa Q4 profit ₹78.8 Cr vs | ₹19.1 Cr |
|---|
Also in the report
- Nykaa revenue ₹2,648.2 Cr +28%
Other figures
- $3.01 Bn 2025
Why it matters for the brand
Legacy F&B and FMCG players should evaluate roll-up or minority stakes in Maverick & Farmer, Araku or regional roasters now, as the doubling category will compress acquisition windows once Blue Tokai and Subko consolidate Bengaluru's third-wave moat.
The source
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