Latest news with #DIL
Business Insider
04-08-2025
- Business
- Business Insider
Dangote refinery secures $4 billion refinancing deal, Afreximbank contributes $1.35 billion
The African Export-Import Bank (Afreximbank) has announced the signing of a $1.35 billion financing facility for Dangote Industries Limited (DIL), as part of a broader US$4 billion syndicated loan for Africa's largest industrial conglomerate. Afreximbank served as the Mandated Lead Arranger for the transaction, which stands among the largest syndicated financings in recent African markets. The funds will refinance capital already invested in the construction of the Dangote Petroleum Refinery and Petrochemicals Complex, the world's largest single-train refinery with a processing capacity of 650,000 barrels per day. 'This refinancing strengthens our balance sheet and accelerates with ease the refinery's supply of high-quality refined petroleum products across Africa," said Aliko Dangote, President and Chief Executive of Dangote Industries Limited. This financing is designed to ease initial operational expenditures and strengthen DIL's balance sheet, supporting its long-term growth ambitions. Professor Benedict Oramah, President and Chairman of the Board of Directors at Afreximbank, hailed the transaction as a milestone for African-led financing. 'With this landmark deal, we once again demonstrate that Africa's development can only be meaningfully financed from within. It is only when African institutions lead the way that others can follow," he said. Afreximbank's role in Dangote refinery's expansion Afreximbank's US$1.35 billion contribution marks the largest single commitment within the syndicate, reaffirming the bank's dedication to transformative infrastructure projects that drive Africa's industrialisation, bolster energy security, and foster intra-African trade. Since the refinery commenced operations in February 2024, Afreximbank has played a key role in supporting its operations by facilitating critical financing for crude supply and product offtake, ensuring smooth and uninterrupted production at Africa's most ambitious refining project. Earlier, Aliko Dangote projected that his conglomerate is on track to generate $30 billion in total revenue by next year, even as global businesses brace for the potential fallout from U.S. President Donald Trump's trade tariffs. He also disclosed plans to democratize ownership of his oil empire, announcing that Nigerians, both individuals and institutions, will soon have the opportunity to own shares in the Dangote Refinery through an upcoming stock exchange listing, allowing them to benefit from the facility's long-term growth potential.
Time of India
13-07-2025
- Business
- Time of India
Costa Coffee FY25 sales jump 31%; company expands footprint to 220 outlets
NEW DELHI: Costa Coffee, the British coffee chain, reported a significant increase in its India operations, with revenue climbing 30.76% to Rs 198.5 crore in FY25, while profit increased by 28.4% to Rs 149.7 crore. The company expanded its presence from 179 to 220 outlets in FY25, contributing to this growth, as detailed in Devynai International Ltd's (DIL) annual report. For the financial year ending March 31, 2024, the company recorded revenue from operations of Rs 151.8 crore and profit of 116.6 crore. The company experienced a slight decrease in gross margin to 75.4% from 76.8% in FY24, due to increased costs of coffee beans and other raw materials. "The brand contribution margin came down from 17% to 16.1%, with average daily sales (ADS) per store declining from Rs 33,000 to Rs 27,000, translating into a reduction of same store aales growth (SSSG) from 8.7% to 4.1% during this period," said DIL. DIL, a prominent QSR chain operator, manages Costa Coffee's Indian operations through a franchise agreement. In April this year, Costa Coffee's Global CEO Philippe Schaillee informed PTI during his visit that India would become one of the brand's top five global markets. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Is it legal? How to get Internet without paying a subscription? Techno Mag Learn More Undo The coffee brand, currently under Coca-Cola's ownership, ranks among the top ten markets globally. "Costa Coffee is aggressively expanding in India, targeting 40-50 new outlets annually despite global economic uncertainties. DIL sees India as a high-potential market, driven by a growing preference for premium coffee among millennials and Gen Z," said DIL. The coffee sector in India is experiencing growth rates of 10 to 12%, twice the global average. The report indicated that India, currently among Costa's top 10 markets globally, could advance to the top five markets within five years. DIL noted that India, traditionally a 'chai' consuming nation, is witnessing a significant shift in beverage preferences, particularly among younger generations influenced by Western culture. Costa Coffee faces stiff competition in India's growing café market, not only from global players like Starbucks, Tim Hortons, McCafé, and Dunkin', but also from homegrown brands such as Café Coffee Day, Blue Tokai, Third Wave Coffee, and Barista, which are all expanding their presence. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Mint
13-07-2025
- Business
- Mint
Costa Coffees India FY25 sales jump 30 pc to ₹198 cr; gross margin declines marginally
New Delhi, Jul 13 (PTI) British coffee chain brand Costa Coffee's India revenue from operations surged 30.76 per cent to ₹ 198.5 crore in FY25, and its profit rose 28.4 per cent to ₹ 149.7 crore. The growth was driven by store expansion, as the number of outlets increased from 179 to 220 in FY25, according to the latest annual report of Devynai International Ltd (DIL). Its revenue from operations was ₹ 151.8 crore, and profit stood at 116.6 crore for the financial year ended March 31, 2024. Costa Coffee's gross margin declined marginally to 75.4 per cent from 76.8 per cent in FY24, primarily because of inflation in coffee beans and other input materials. "The brand contribution margin came down from 17 per cent to 16.1 per cent, with average daily sales (ADS) per store declining from ₹ 33,000 to ₹ 27,000, translating into a reduction of same store aales growth (SSSG) from 8.7 per cent to 4.1 per cent during this period," said DIL. Costa Coffee is operated in India through its franchise partner DIL, a leading QSR (Quick Service Restaurant) chain operator. Earlier this year, in April, Costa Coffee's Global CEO Philippe Schaillee, who was on a visit here, told PTI that India is going to be among the top five global markets for the British coffee chain brand. The coffee brand, now owned by beverage major Coca-Cola, is currently among the top ten global markets. "Costa Coffee is aggressively expanding in India, targeting 40-50 new outlets annually despite global economic uncertainties. DIL sees India as a high-potential market, driven by a growing preference for premium coffee among millennials and Gen Z," said DIL. This trend is manifest in the fact that the coffee space in the country is growing at 10 to 12 per cent, double the rate of global markets. "India, which is among Costa's top 10 markets globally, has the potential to get into the top five markets in five years, and Costa Coffee is just the sweetly aromatic spot to seize this strong opportunity," the report said. According to DIL, India, which is largely a 'chai' (tea) loving nation, is becoming a country of a growing populace of coffee lovers, with a massive cultural shift in its drinking habits over the years. Coffee is now the first love of many Gen Z Indians influenced strongly by Western culture, which is often a part of their work ethos. "At Costa Coffee, this has actuated a strong focus on expanding the brand's presence in high footfall locations, such as airports and multiplexes," said DIL. In the Indian cafe market, Costa Coffee competes with international chains such as Starbucks, Tim Horton, McCafe, and Dunkin'.
Mint
13-07-2025
- Business
- Mint
Costa Coffees India FY25 sales jump 30 pc to ₹198 cr; gross margin declines marginally
New Delhi, Jul 13 (PTI) British coffee chain brand Costa Coffee's India revenue from operations surged 30.76 per cent to ₹ 198.5 crore in FY25, and its profit rose 28.4 per cent to ₹ 149.7 crore. The growth was driven by store expansion, as the number of outlets increased from 179 to 220 in FY25, according to the latest annual report of Devynai International Ltd (DIL). Its revenue from operations was ₹ 151.8 crore, and profit stood at 116.6 crore for the financial year ended March 31, 2024. Costa Coffee's gross margin declined marginally to 75.4 per cent from 76.8 per cent in FY24, primarily because of inflation in coffee beans and other input materials. "The brand contribution margin came down from 17 per cent to 16.1 per cent, with average daily sales (ADS) per store declining from ₹ 33,000 to ₹ 27,000, translating into a reduction of same store aales growth (SSSG) from 8.7 per cent to 4.1 per cent during this period," said DIL. Costa Coffee is operated in India through its franchise partner DIL, a leading QSR (Quick Service Restaurant) chain operator. Earlier this year, in April, Costa Coffee's Global CEO Philippe Schaillee, who was on a visit here, told PTI that India is going to be among the top five global markets for the British coffee chain brand. The coffee brand, now owned by beverage major Coca-Cola, is currently among the top ten global markets. "Costa Coffee is aggressively expanding in India, targeting 40-50 new outlets annually despite global economic uncertainties. DIL sees India as a high-potential market, driven by a growing preference for premium coffee among millennials and Gen Z," said DIL. This trend is manifest in the fact that the coffee space in the country is growing at 10 to 12 per cent, double the rate of global markets. "India, which is among Costa's top 10 markets globally, has the potential to get into the top five markets in five years, and Costa Coffee is just the sweetly aromatic spot to seize this strong opportunity," the report said. According to DIL, India, which is largely a 'chai' (tea) loving nation, is becoming a country of a growing populace of coffee lovers, with a massive cultural shift in its drinking habits over the years. Coffee is now the first love of many Gen Z Indians influenced strongly by Western culture, which is often a part of their work ethos. "At Costa Coffee, this has actuated a strong focus on expanding the brand's presence in high footfall locations, such as airports and multiplexes," said DIL. In the Indian cafe market, Costa Coffee competes with international chains such as Starbucks, Tim Horton, McCafe, and Dunkin'. Besides, local chains like Cafe Coffee Day, Blue Tokai, Third Wave Coffee and Barista are also amplifying their play in the fast-growing cafe market in India.
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Business Standard
13-07-2025
- Business
- Business Standard
Costa Coffee's India FY25 sales jump 30%, gross margin declines marginally
British coffee chain brand Costa Coffee's India revenue from operations surged 30.76 per cent to ₹198.5 crore in FY25, and its profit rose 28.4 per cent to ₹149.7 crore. The growth was driven by store expansion, as the number of outlets increased from 179 to 220 in FY25, according to the latest annual report of Devynai International Ltd (DIL). Its revenue from operations was ₹151.8 crore, and profit stood at 116.6 crore for the financial year ended March 31, 2024. Costa Coffee's gross margin declined marginally to 75.4 per cent from 76.8 per cent in FY24, primarily because of inflation in coffee beans and other input materials. "The brand contribution margin came down from 17 per cent to 16.1 per cent, with average daily sales (ADS) per store declining from ₹33,000 to ₹27,000, translating into a reduction of same store aales growth (SSSG) from 8.7 per cent to 4.1 per cent during this period," said DIL. Costa Coffee is operated in India through its franchise partner DIL, a leading QSR (Quick Service Restaurant) chain operator. Earlier this year, in April, Costa Coffee's Global CEO Philippe Schaillee, who was on a visit here, told PTI that India is going to be among the top five global markets for the British coffee chain brand. The coffee brand, now owned by beverage major Coca-Cola, is currently among the top ten global markets. "Costa Coffee is aggressively expanding in India, targeting 40-50 new outlets annually despite global economic uncertainties. DIL sees India as a high-potential market, driven by a growing preference for premium coffee among millennials and Gen Z," said DIL. This trend is manifest in the fact that the coffee space in the country is growing at 10 to 12 per cent, double the rate of global markets. "India, which is among Costa's top 10 markets globally, has the potential to get into the top five markets in five years, and Costa Coffee is just the sweetly aromatic spot to seize this strong opportunity," the report said. According to DIL, India, which is largely a 'chai' (tea) loving nation, is becoming a country of a growing populace of coffee lovers, with a massive cultural shift in its drinking habits over the years. Coffee is now the first love of many Gen Z Indians influenced strongly by Western culture, which is often a part of their work ethos. "At Costa Coffee, this has actuated a strong focus on expanding the brand's presence in high footfall locations, such as airports and multiplexes," said DIL. In the Indian cafe market, Costa Coffee competes with international chains such as Starbucks, Tim Horton, McCafe, and Dunkin'. Besides, local chains like Cafe Coffee Day, Blue Tokai, Third Wave Coffee and Barista are also amplifying their play in the fast-growing cafe market in India.
