Chowman, a Kolkata-based oriental restaurant chain, is planning to file for an IPO by the end of the fiscal year 2026, according to Debaditya Chaudhury, Managing Director of Chowman Hospitality.
The brand, which began its journey in 2010 with a 350 sq. ft. outlet in Kolkata, now boasts 35 locations across Kolkata, Bengaluru, Delhi, and Hyderabad.
“By the end of FY25, we anticipate having 50 outlets of the brand. We plan to open 15 more locations in cities such as Mumbai, Pune, Chennai, Bengaluru, Hyderabad, and Chandigarh. After that, we will begin expanding further into India,” he said.
“As we will be filing for the IPO soon, we plan on sticking with the company-owned & company-operated model for running our outlets,” he stated.
Continue Exploring: Asian cuisine chain Chowman expands further with a new outlet in Bengaluru’s Koramangala
The average Chowman outlet spans 1,500 to 3,000 sq. ft., with the capital expenditure for opening a location ranging from INR 1 crore to INR 1.5 crore.
The brand also plans to revamp its app and launch the updated version in October.
“We introduced our app in 2017, and as of right now, over three lakh loyal users place orders through it. We already have about 350 bikes in our own delivery fleet, and we plan to add more as we grow into new cities,” he stated.
Currently, 65 percent of the brand’s revenue comes from its food delivery service, with the remaining 35 percent generated from dine-in business.
“Before the Covid-19 pandemic, the revenue split between delivery and dine-in business used to be 50:50. However, the dynamics have shifted since the pandemic,” he emphasized.
The brand currently operates a single cloud kitchen in Kolkata and does not intend to open additional ones. However, it plans to invest in cloud kitchens in tier II cities during the second phase of its expansion.
The restaurant chain, which achieved a turnover of INR 150 crore last fiscal year, aims to reach INR 220 crore by the end of this fiscal year.
“We’re seeing an upsurge of 20% in same-store sales for our new outlets and a 5-6 % rise for our older ones,” he said.
Continue Exploring: Chowman brings Oriental Duck Festival to Delhi-NCR for the first time
