Business · Companies · 16 hrs ago
Bellona Hospitality targets 100 restaurants and up to ₹650 crore revenue by FY30
Bellona Hospitality, the food and beverage arm of Phoenix Mills, plans to grow its restaurant business in India.
It currently operates 32 restaurants across Mumbai, Pune, Bengaluru, Ahmedabad and Lucknow.
The company reported about ₹150 crore in revenue in FY26.
It aims to reach 100 restaurants and annual revenue of ₹600–650 crore by 2029–30.
Bellona has set aside ₹100 crore for the expansion, to be funded through its own cash flow.
It plans to add outlets in cities where it already operates, then consider markets including Hyderabad and Delhi-NCR, as well as new Phoenix malls in Kolkata and Indore.
The company says it will focus on India for now, with much of the expansion led by its Cha, Ishaara and Eight brands.
Bellona Hospitality aims to reach 100 restaurants and ₹600-650 crore in revenue by FY30.
The food and beverage arm of Phoenix Mills reported around ₹150 crore in revenue in FY26.
It currently operates 32 restaurants across five cities.
The company has set aside ₹100 crore in capital spending for the expansion, to be funded through internal accruals.
Managing Director Prashant Issar said expansion will focus mainly on cities where the company already operates and locations with Phoenix malls.
- Who
- Bellona Hospitality, the food and beverage arm of Phoenix Mills Ltd.
- What
- It is targeting 100 restaurants and ₹600-650 crore in revenue by FY30.
- When
- The target is for FY30, or 2029-30.
- Where
- Its current restaurants are in Mumbai, Pune, Bengaluru, Ahmedabad and Lucknow. It also plans to consider other cities and locations with Phoenix malls.
- Why
- The company sees scope to expand its portfolio and grow revenue.
This story does not have two clearly opposing sides.
There is significant scope for expansion in the five cities where we are currently present.
So, now our focus will only be on India,
Bellona Hospitality reported around ₹150 crore in revenue.
The company is targeting ₹600-650 crore in revenue and a portfolio of 100 restaurants.
- Restaurants now
- 32 across five cities
- Revenue in FY26
- Around ₹150 crore
- Revenue target
- ₹600-650 crore by FY30
- Restaurant target
- 100 by FY30
- Expansion capex
- ₹100 crore, funded through internal accruals
Sources
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