amit@unlistedkraft.in
+91-9599071664
+91-9599071664
Tea Time Unlisted Shares
DRHP Status : Not Filed
36
Fundamentals About Tea Time
Downloads & Investor Documents
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Key Financials of Tea Time
| P&L Statement | 2022 | 2023 | 2024 |
|---|---|---|---|
| Revenue | 2821 | 3071 | 4595 |
| Cost of Material Consumed | 2126 | 1985 | 3180 |
| Change in Inventory | -68 | -393 | -229 |
| Gross Margins | 24.64 | 35.36 | 30.79 |
| Employee Benefit Expenses | 163 | 246 | 262 |
| Other Expenses | 371 | 955 | 909 |
| EBITDA | 229 | 278 | 473 |
| OPM | 8.12 | 9.05 | 10.29 |
| Other Income | 0 | 0 | 0 |
| Finance Cost | 24 | 26 | 87 |
| D&A | 37 | 65 | 108 |
| EBIT | 192 | 213 | 365 |
| EBIT Margins | 6.81 | 6.94 | 7.94 |
| PBT | 168 | 186 | 278 |
| PBT Margins | 5.96 | 6.06 | 6.05 |
| Tax | 48 | 81 | 64 |
| PAT | 120 | 105 | 214 |
| NPM | 4.25 | 3.42 | 4.66 |
| EPS | 0.12 | 0.11 | 0.22 |
| Financial Ratios | 2022 | 2023 | 2024 |
|---|---|---|---|
| Operating Profit Margin | 8.12 | 9.05 | 10.29 |
| Net Profit Margin | 4.25 | 3.42 | 4.66 |
| Earning Per Share (Diluted) | 0.12 | 0.11 | 0.22 |
| Assets | 2022 | 2023 | 2024 |
|---|---|---|---|
| Fixed Assets | 308 | 661 | 699 |
| CWIP | 0 | 0 | 0 |
| Investments | 1997 | 1997 | 1996 |
| Trade Receivables | 144 | 352 | 1085 |
| Inventory | 336 | 727 | 958 |
| Other Assets | 416 | 329 | 587 |
| Total Assets | 3201 | 4066 | 5325 |
| Liabilities | 2022 | 2023 | 2024 |
|---|---|---|---|
| Share Capital | 1952.46 | 1952.46 | 1952.4 |
| FV | 2 | 2 | 2 |
| Reserves | 581 | 686 | 900 |
| Borrowings | 244 | 590 | 1159 |
| Trade Payables | 119 | 544 | 979 |
| Other Liabilities | 304.54 | 293.54 | 334.6 |
| Total Liabilities | 3201 | 4066 | 5325 |
About Company
The following table shows a 10-point analysis of Tea Time (Desi Tea Time Limited). We will discuss each point in detail after this table.
| Parameter | Key Numbers | Insights |
|---|---|---|
| Business Overview | FY25 Revenue ~₹65–70 Cr (est.) · PAT negative/low · PAT margin low/negative | Leading organized tea franchise chain operating under the Desi Tea Time brand; offers affordable tea blends, snacks, and quick-service format. Rapid franchise expansion across states with focus on quality consistency and value pricing; strong urban and semi-urban footprint with high footfall outlets. |
| Industry & Market Position | Leading organized chai/QSR tea player · Strong franchise model | Competitive edge in desi tea space vs. Chai Sutta Bar, Chai Kings; high barriers via franchise scalability & brand recall; resilient to food inflation via low-cost model; exposed to competition, raw material (tea/milk) volatility & regulatory/food safety norms |
| Revenue Growth Trend | FY23–FY25 CAGR ~50–100%+ (low base growth) | Rapid topline growth driven by franchise network expansion and same-store sales improvement; outpacing traditional QSR peers within organized chai segment. |
| Profitability & Margins | EBITDA low/marginal · ROE low/negative · PAT margin low/negative | Margins pressured by aggressive expansion, marketing, and franchise support costs; potential operating leverage with scale but currently in reinvestment phase. |
| Cash Flow Quality | OCF emerging positive · No/limited dividends | Cash flows supported by franchise fees and scaling operations; reinvestment-heavy model; moderate burn risk during expansion phase. |
| Balance Sheet Strength | Net worth modest · Debt low/moderate | Conservative leverage profile typical of franchise models; liquidity managed through equity inflows and internal accruals. |
| Valuation Comfort | Unlisted price ~₹35–40 (Feb 2026) · Market cap ~₹350–370 Cr | Premium valuation relative to current earnings, reflecting high-growth franchise narrative; speculative but attractive for investors betting on scalability and potential IPO. |
| Management & Governance | Promoter-led · Professional team · Clean filings | Strong execution capability in franchise scaling and brand development; governance standards appear adequate with transparent disclosures. |
| Growth Triggers & Catalysts | Outlet expansion · Same-store growth · Potential IPO | Upside driven by network scaling, operational efficiency, and format innovation; IPO could significantly enhance valuation and liquidity. |
| Liquidity & Exit Visibility | OTC trading only · No confirmed IPO | Moderate unlisted liquidity; exit visibility dependent on profitability improvement or formal IPO plans. |
Tea Time is one of India’s largest desi tea franchise chains, known for its authentic blends, consistent taste, and affordable pricing. Tea Time has scaled from 10 stores in 2017 to 3,000+ stores today, making it one of the fastest-growing beverage franchise networks in India. The brand serves a wide range of tea varieties, dum tea, coolers, milkshakes, and specialty beverages, offering value-driven drinks suited to mass consumption. Tea remains the most consumed beverage in India, with over half a billion drinkers, a key driver behind Tea Time’s rapid franchise expansion.
The company’s growth is strongly supported by its franchise-focused business model, standardized recipes, centralized sourcing, and low investment requirements for franchise partners. Tea Time has maintained growth due to its affordable pricing strategy, strong brand recall, and the rising demand for organized tea outlets across Tier 2 and Tier 3 cities.
Challenges in Tea Time’s Business
- Heavy dependence on the franchise revenue model, which may limit control over store-level quality and customer experience.
- Revenue per store varies significantly depending on location, footfall, and operational efficiency of individual franchisees.
- Increasing competition from emerging Indian tea chains such as Chaayos and MBA Chai Wala.
- Lack of presence in modern retail or packaged beverage channels, which restricts revenue diversification.
- Rapid expansion requires strong franchisee support systems; any gaps in training, supply chain, or quality monitoring may affect brand consistency.
Quick Summary
Tea Time has established itself as one of India’s biggest and fastest-growing tea franchise brands, offering affordable beverages with strong mass appeal. The brand’s impressive expansion from 10 to 3,000+ stores in just a few years shows the scalability of its franchise model and the strength of India’s tea consumption market.
While the company benefits from high growth rates, strong franchise demand, and a simple product line, it also faces challenges such as competition, franchise dependency, and variability in store performance. Still, its massive footprint, rapid revenue growth, and strong consumer demand make Tea Time an attractive long-term brand story in the food & beverage franchise sector.
Shareholding Pattern of Tea Time
| Name | Holding |
|---|---|
| Promoters | 93.21% |
| Others | 6.79% |
Promoters of Tea Time
| Name | Designation | Linkedin Profile |
|---|---|---|
| Uday Srinivas Tangella | CEO & Founder |
Click here to visit the official Tea Time website.
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Frequently Asked Questions
Tea Time unlisted shares are equity shares of Tea Time Pvt. Ltd., a fast-growing beverage franchise chain that is not listed on NSE or BSE. These shares can be purchased through trusted private market platforms.
Tea Time operates 2900+ outlets across India, making it one of the largest tea franchise networks in the country.
Tea Time has achieved ₹1,990 crore in combined revenues over the last 5 years through franchise fees and other income sources.
The franchise start fee is ₹5 lakh, while total setup cost varies depending on the location, outlet size, and local conditions.
The company generated ₹455 crore of revenue from franchise operations in one year.
Sales per store differ based on city, footfall, and local competition, and Tea Time has not specified an exact average revenue figure.
Yes. Additional revenue streams include:
- Schools
- Resorts
- Food packaging
- Travel-related channels
No. Tea Time does not supply products to modern retail outlets as of FY22.
Tea Time uses zero artificial flavours, 100% sulphur-free sugar, and authentic desi tea blends. This focus on quality and purity helps the brand stand out.
Key competitors include:
- Chaayos
- MBA Chai Wala
Tea Time has recorded:
- 136% revenue CAGR
- 137% PAT CAGR
Market cap cannot be directly calculated using outstanding shares because Tea Time operates on authorised and paid-up capital.
- Authorised capital: ₹100 crore
- Paid-up capital: ₹19 crore
- The company is currently raising ₹15 crore to expand its paid-up capital.
+91-9599071664
amit@unlistedkraft.in