Coffee supplier and high street operator Grind is eyeing a move to profitability in its next financial year, having posted strong sales growth across wholesale and grocery.
Turnover at Grind climbed by 18.5% to £35.3m in the year to 30 April 2025, driven by a 30% uplift in net sales in the supplier’s roastery business. Revenue from its high street arm, meanwhile, climbed 9% to £12.5m.
While part’s of the Grind business are profitable – including its high street operations and DTC business – the company remains lossmaking, with losses before tax in the period climbing 59% to £9.0m.
A planned EBITDA loss of £6.0m was the result of “extensive and continued investment into the newer arms of Grind” alongside “continued investment” in marketing, staff and manufacturing capabilities, Grind CEO David Abrahamovitch wrote in accounts filed at Companies House.
Some £4m was spent on improvements at its roastery in Bermondsey, south-east London to enable the business to “roast and pack coffee faster, fresher and more efficiently than ever before”.
Grind’s profitability had also been hampered by the growing price of green coffee beans, which had more than doubled year on year, Abrahamovitch revealed.
But the supplier had “chosen not to pass through all costs to the consumer” in order to continue to “capture market share and build customer loyalty,” he added.
Grinding out grocery growth
Having started out as a high street brand before pivoting to DTC during the pandemic, Grind had made “significant progress” in growing distribution in grocery in the year to last April, Abrahamovitch said.
The brand’s compostable coffee pods, whole bean and ground coffee and RTD cans are now stocked in major grocers including Tesco, Waitrose, Co-op and Sainsbury’s, with a quarter of all sales now coming from grocery and wholesale channels.
“Just two years ago Grind products were stocked only in Ocado, so to achieve this kind of distribution across the UK grocery market in such a short space of time is a real achievement,” Abrahamovitch said.
In its current financial year ending this April, Grind expected to narrow losses and grow sales by around 25% to £47m, Abrahamovitch told The Grocer.
To fuel further growth, the brand completed a new £7.5m funding round from existing investors last summer. The raise valued the Grind business at £147.5m.
In September, the brand extended into instant coffee with the launch of a duo of ‘craft blends’ made from specialty grade arabica beans.
“Looking to next year we expect… growth to accelerate again, with the aim to deliver 30% growth to over £60m of revenue in the year ending April 2027, and to turn profitable during that financial year.” Abrahamovitch added.
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