L Catterton in talks for minority stake in Bengaluru's Nandhana Palace at ₹2,000 cr valuation

LVMH-backed PE firm L Catterton is negotiating a minority investment in Andhra-cuisine chain Nandhana Palace, which runs 27 outlets and posted ₹316.1 cr revenue with ₹28.2 cr profit in FY25. The deal underscores intensifying PE appetite for Indian restaurant and QSR chains within an $80 bn food services market growing at 10-11% CAGR.

— Source publishedMon, 18 May, 2026, 12:58 IST·First seen Mon, 18 May, 2026, 13:06 IST·Source Mint

What happened

L Catterton is in talks to acquire a minority stake in Bengaluru-based Andhra-cuisine chain Nandhana Palace, earlier valued at ₹2,000 crore, amid surging PE

Key facts

  • ₹2,000 crore valuation
  • 27 outlets
  • ₹316.1 crore FY25 revenue
  • ₹28.2 crore FY25 profit
  • $40 billion AUM
  • $80 billion food services market
  • 10-11% CAGR

Why this matters

L Catterton's minority play validates that regional F&B brands with tight P&Ls are now strategic targets, opening a window for similar chains to test investor appetite at premium valuations.

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