About Everbrands India Ltd.
Incorporated in November 2017, EverBrands India Limited is a multi-brand food and beverages (“F&B”) platform operating across the quick service restaurant (“QSR”) and beverages segments. The Company holds exclusive master franchisee rights for Subway restaurants across India, Sri Lanka and Bangladesh, along with rights relating to Nepal and Bhutan, and operates premium international beverage brands including Lavazza and Dilmah, as well as its owned Fresh & Honest coffee brand.Through its QSR vertical, the Company operates and develops Subway restaurants across its designated territories. As of March 31, 2026, the Company had 1,008 Subway stores across India, comprising 678 COCO stores and 330 FOFO stores.
The Subway offering focuses on fresh, made-to-order and customizable food, including sandwiches, wraps and salads, with menus adapted to Indian consumer preferences. The Company’s QSR vertical generated revenue from operations of ₹6,930.87 million in Fiscal 2026, compared with ₹4,803.79 million and ₹3,553.08 million in Fiscals 2025 and 2024, respectively.
The beverages vertical operates as a multi-brand beverage platform comprising Lavazza coffee, Dilmah tea and the Company’s owned Fresh & Honest coffee brand. The Company is the exclusive brand partner for Lavazza and Dilmah in India and offers products across premium and value-oriented segments through multiple channels. Its beverage operations include coffee machine solutions, consumables, servicing and distribution of tea and coffee products. As of March 31, 2026, the Company had an installed base of 9,455 coffee machines. Revenue from operations from the beverages vertical increased to ₹2,405.66 million in Fiscal 2026 from ₹2,063.58 million in Fiscal 2025 and ₹1,721.62 million in Fiscal 2024.
The Company operates an integrated platform across QSR and beverages, supported by exclusive brand mandates, multi-format operations and an asset-light approach. It manages the coffee equipment lifecycle from importing and manufacturing machines to sales, servicing and supply of consumables. The Company also leverages cross-brand synergies, including supplying Fresh & Honest products across 89.38% of its COCO Subway stores as of March 31, 2026. Its growth initiatives include expanding the Subway COCO network, increasing the installed coffee machine base, expanding e-commerce and retail formats, scaling in-house machine manufacturing and improving operational margins.
As of March 31, 2026, the Company had a total workforce of 4,167 permanent employees, including 3,570 store managers and store employees and personnel across operations, human resources, training, maintenance, supply chain, business development, marketing, finance, administration, legal, IT and other functions.
Competitive Strengths:
- Strong cross-brand synergies.
- Exclusive partnerships with global brands.
- Diversified portfolio of leading F&B brands.
- Consistent financial and operating performance.
- Integrated beverages business across coffee and tea.
- Strong presence in the QSR segment through Subway.
- Scalable business model across formats and geographies.
