Chaayos posted a 2.4X rise in sales revenue to INR 134.9 Cr in FY22 from INR 54.7 Cr in FY21
The tea-cafe chain’s total expenses surged 1.8X to INR 211.4 Cr, with cost of materials accounting for almost 25% of it
The startup’s advertising and promotional expenses jumped 168% INR 19.5 Cr in FY22
Tea-cafe chain Chaayos’ net loss widened 35% year-on-year (YoY) to INR 71.2 Cr in the financial year 2021-22 (FY22) as expenses surged in line with the growth in business.
The startup had reported a net loss of INR 52.6 Cr in the previous fiscal year.