Tea & Coffee Industry in India

Explore the company landscape for India’s tea and coffee sector, spanning cultivation, estates, processing and branded beverage businesses.

Top tea & coffee companies in India (listed and private)

Frequently asked questions

How large is the tea & coffee industry in India?

1253 tea & coffee companies with statutory filings (12 listed, 1241 private) reported combined revenue of ₹1.59 lakh crore in FY2025, +13.6% on the same companies, and aggregate EBITDA of ₹18,987 crore. As filed each year, combined revenue was ₹47,168 crore in FY2018, reached ₹1.59 lakh crore in FY2025, the highest in the period; year-on-year changes are measured on the same companies. The 6 listed companies with an exchange price are worth ₹97,976 crore in market capitalisation. Size here is measured in revenue, profit and market value, from statutory filings and exchange prices, not in physical volume of output.

Is profitability improving or deteriorating?

Improving. The aggregate EBITDA margin of tea & coffee companies was 12.0% in FY2025, 1.7 pts above FY2024, the highest in the period. Profit after tax margin was 5.2% (+1.5 pts on FY2024). Aggregate EBITDA of listed and private tea & coffee companies moved +71% from FY2022 to FY2025 on a same-company basis; FY2025 EBITDA was ₹18,987 crore (+17.9% on FY2024).

Which companies are leading the tea & coffee industry?

By FY2025 revenue the largest tea & coffee companies are Tata Consumer Products (₹17,618 crore, 15.2% EBITDA margin); Slmg Beverages (₹6,774 crore, 9.9% EBITDA margin, private); Balaji Malts (₹5,020 crore, 4.0% EBITDA margin, private); Biological E (₹4,892 crore, 47.4% EBITDA margin, private); Amara Raja Enterprises (₹3,941 crore, 9.6% EBITDA margin, private). Among the ten largest, Biological E (47.4%) and Mahashian Di Hatti (37.4%) earn the widest EBITDA margins and Balaji Malts (4.0%) the thinnest. 24 of the 25 largest are private companies, which a listed-only view leaves out.

Where is demand or investment changing?

In the news: Net tone of commodity costs stories fell from +20 to +9 (-11 pts) over 88 stories, the largest drop of any theme. In buyer searches: Search interest in coffee beans, powder and blends queries (coffee shop near me, davidoff coffee, starbucks coffee) was +26% in the 12 months to 2026-09 vs the prior 12, led by “davidoff coffee” (+102%), followed by tea leaves, powders and blends (+13%); tea leaves, powders and blends moved +13%.

What should I investigate next?

These are the findings that fired on the data, negative signals first, each with the topic that holds the evidence: Coverage of commodity costs turned more negative (Tea & Coffee in the news). Tea & Coffee EBITDA grew 71% since FY2022 (Industry financials). 36 private tea & coffee growers and processors pass an IPO-readiness screen (Top tea & coffee companies in India). Coffee beans, powder and blends searches rose most in the last year (Search & demand signals). Median EV/EBITDA is 12.7× and median P/E 20.8× across 6 priced tea & coffee companies. (Market capitalisation & valuation).

How are tea & coffee stocks valued?

The median trailing P/E is 20.8× and the median EV/EBITDA 12.7× across 6 priced companies.

What does this companies lane cover?

It covers Indian tea and coffee growers, plantation operators and processors selected through the configured statutory and name-based rules.

How are companies selected?

The lane uses selected statutory activity classes and a focused tea and coffee legal-name rule, with review controls for exclusions and ownership.

Research information, not investment advice.