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True Palate targets Rs 1,000 crore revenue, 50 outlets by 2030; plans Rs 40 crore expansion

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True Palate targets Rs 1,000 crore revenue, 50 outlets by 2030; plans Rs 40 crore expansion

True Palate targets Rs 1,000 crore revenue, 50 outlets by 2030; plans Rs 40 crore expansion

“We want to take the portfolio to 50 outlets in the next five years and reach Rs 900–1,000 crore in revenue. We are looking at an investment of Rs 25–30 crore at the minimum, and the upper end could be Rs 40 crore,” Tihara told ETRetail.

True Palate Hospitality , which operates One8 Commune , Pincode and Neuma , is targeting Rs 900–1,000 crore in revenue and a portfolio of 50 outlets by 2030, with plans to invest up to Rs 40 crore over the next five years to expand its restaurant formats in India and overseas. The hospitality group, which started operations in 2019, currently operates around 20–22 outlets across its three brands and generates approximately Rs 200 crore in revenue, according to co-founder and director Vartik Tihara . The company is currently growing at 15–20 per cent annually, compared with growth of over 40 per cent between 2022 and 2024. Advt

“We want to take the portfolio to 50 outlets in the next five years and reach Rs 900–1,000 crore in revenue. We are looking at an investment of Rs 25–30 crore at the minimum, and the upper end could be Rs 40 crore,” Tihara told ETRetail. The group plans to expand Pincode and Neuma while capping One8 Commune at around 20 outlets to avoid cannibalisation between locations. One8 Commune currently has 13 outlets, Pincode operates six across India and the UAE, and Neuma has two outlets in Mumbai and Kolkata.


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