Expect to turn profitable in FY26: Third Wave Coffee 

Third Wave Coffee has 165 stores across 12 cities in India and plans to expand further in the domestic market

Speciality coffee chain and quick service restaurant Third Wave Coffee is expecting to turn profitable this financial year while aiming for an up to 40 per cent year-on-year topline growth.

The Bengaluru-based company, which started off in a garage, is serving up a range of fruit and milk bubble teas on its menu.

“Around 90 per cent of our cafes are profitable, and we plan to become a profitable company this year. People are moving towards enjoying coffee in its original form,” Anirudh Sharma, Co-Founder, Third Wave Coffee, told businessline.

“Gen-Z and millennials are inclined towards textual fun beverages. When we realised that we added bubble tea, matcha and a range of summer offerings with popping boba on our menu. We have received a great response,” he said.

Third Wave Coffee has 165 stores across 12 cities in India and plans to expand further in the domestic market. It recently opened 11 new stores across the country and plans to have 250 stores in FY26.

“We plan to go deeper in the existing markets that we operate in. There is a lot of potential and scope for us to grow deeper. We are looking to open more stores in the existing neighbourhoods,” he said.

Health shift

Consumers are moving towards healthier choices by opting for lower-calorie beverages.

“We are seeing consumers moving towards non-indulgent beverages. There is also a health aspect that has come into the picture; consumers want to indulge, but with healthier options. We have beverages on our menu that are low in calorie. Post Covid-19, we did see an uptick in the delivery business. However, consumers want to come and enjoy their beverages and food sitting with a cafe experience,” added Sharma.

Published on July 10, 2025