Everbrands India Limited

EverBrands India Limited, incorporated in November 2017, is a multi-brand food and beverage (F&B) platform operating across quick service restaurants (QSR) and beverages. The company holds exclusive master franchisee rights for Subway across India, Sri Lanka and Bangladesh, along with related rights for Nepal and Bhutan. It also operates premium beverage brands, including Lavazza and Dilmah, alongside its owned Fresh & Honest coffee brand. Through its QSR business, the company operates and expands Subway restaurants offering freshly prepared, customisable sandwiches, wraps and salads tailored to Indian consumer preferences. As of March 31, 2026, it operated 1,008 Subway stores across India, comprising 678 company-owned and company-operated (COCO) outlets and 330 franchise-owned and franchise-operated (FOFO) outlets. The QSR segment recorded revenue from operations of ₹6,930.87 million in FY2026, compared with ₹4,803.79 million in FY2025 and ₹3,553.08 million in FY2024. Its beverages business distributes Lavazza coffee, Dilmah tea and Fresh & Honest coffee through multiple channels, offering products across premium and value-oriented segments. The segment also provides coffee machine solutions, equipment servicing, consumables and tea and coffee distribution. As of March 31, 2026, the company had an installed base of 9,455 coffee machines, while the beverages segment generated revenue of ₹2,405.66 million in FY2026, up from ₹2,063.58 million in FY2025 and ₹1,721.62 million in FY2024. EverBrands follows an integrated operating model supported by exclusive brand partnerships, multiple sales formats and an asset-light approach. It manages the coffee equipment lifecycle, from importing and manufacturing machines to sales, servicing and consumables supply. The company also benefits from cross-brand integration, with Fresh & Honest products supplied to 89.38% of its COCO Subway stores as of March 31, 2026. Its growth plans include expanding the Subway store network, increasing coffee machine installations, developing e-commerce and retail channels, scaling in-house machine manufacturing and improving operating margins. As of March 31, 2026, the company had 4,167 permanent employees, including 3,570 store managers and store employees, alongside personnel across corporate and operational functions.