Chaayos Achieves EBITDA Profitability in FY24, Cuts Losses

- Aishwarya Bhatt  January 1, 2025

Tea cafe chain Chaayos has reported improved financial performance for fiscal year 2024, marking a significant milestone with positive EBITDA and reduced losses. The company achieved an operating revenue of INR 248.6 crore, representing a 4.89% increase from INR 237 crore in FY23.

In a notable turnaround, Chaayos posted a positive EBITDA of INR 28.3 crore for FY24, compared to a loss of INR 22.1 crore in the previous financial year. This notable transformation was only due to the company's successful operational efficiency and cost management efforts.

Chaayos demonstrated strong fiscal discipline by reducing its total expenditure by 3.69% to INR 352.2 crore in FY24, down from INR 365.7 crore in FY23. Reducing costs was crucial in improving the company's overall financial health.

This financial performance comes at a time when India's food and beverage industry faces increasing competition and evolving consumer preferences. The positive EBITDA indicates Chaayos' ability to adapt to market challenges while maintaining growth and improving operational efficiency.

The results suggest a promising trajectory for Chaayos as it continues to focus on scaling operations and enhancing profitability. The company's ability to achieve EBITDA profitability while maintaining revenue growth positions it well for future expansion in India's competitive cafe market.