Boba Bhai Grows Revenue 139% to ₹68 Crore as It Scales to 100 Stores

Bengaluru-based beverage and quick-service restaurant brand Boba Bhai, founded by Dhruv Kohli, reported ₹68 crore in operating revenue for FY26, marking a 139% increase from ₹28.44 crore in FY25. Its food and beverage business contributed ₹67.26 crore, accounting for nearly 99% of operating revenue. The brand currently operates approximately 100 stores across eight Indian cities.

The growth, however, came alongside rising costs, with the company's net loss widening to ₹21.8 crore from ₹9.96 crore in FY25. Boba Bhai plans to expand into 10 cities and add another 150–200 stores in FY27.

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