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Bellona Hospitality, the food and beverage arm of Phoenix Mills Ltd, is targeting revenue of ₹600-650 crore by FY30, driven by plans to expand its portfolio to 100 restaurants, a senior company executive said.

Bellona Hospitality, which operates 32 restaurants across five cities, reported revenue of around ₹150 crore in FY26, its Managing Director Prashant Issar told PTI.

The company operates six brands, Ishaara, Dobaara, Cha Hongkong Eating House, Eight, Allora Milano and Legume, across Mumbai, Pune, Bengaluru, Ahmedabad and Lucknow.

For the expansion, Bellona Hospitality has earmarked capital expenditure of ₹100 crore, which will be funded through internal accruals, Issar said.

The expansion will primarily focus on the five cities where the company currently operates, as well as locations with Phoenix malls.

"There is significant scope for expansion in the five cities where we are currently present. We plan to add another 20-30 outlets across these cities, where our existing infrastructure will make expansion easier and more seamless. We will then look at other major markets, including Hyderabad and Delhi-NCR. We will also expand our presence in upcoming Phoenix malls in cities such as Kolkata and Indore," he said.

The company will also consider other locations if suitable opportunities and sites emerge.

"So, basically, we will explore high footfall destinations like tourist hubs or commercial hubs going forward," he added.

Issar said the bulk of the expansion would be driven by the company's Cha, Ishaara and Eight brands.

On overseas expansion, he said the company would focus on India, given the opportunities available in the domestic market.

"A few years back, the Middle East seemed attractive; however, now it is not doing very well owing to the current circumstances. So, now our focus will only be on India," he added.

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