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The Hazelnut Factory crosses Rs 100 cr; eyes 12-15 new stores, 70% growth in FY26
Lucknow-founded cafe and artisanal mithai brand The Hazelnut Factory crossed Rs 100 crore revenue in seven years, operating 18 outlets across 10 cities, and plans 12-15 new outlets with 70% revenue growth target next fiscal.
The numbers
Figures from ET Hospitality,
- 1,000+ employees
- 85% growth FY25-26
Why it matters for the brand
A Lucknow-born artisanal mithai chain with proven multi-city portability (10 cities) and Rs 100 cr revenue is now in the sweet spot for strategic partnerships or minority stakes from larger F&B platforms hunting heritage-led IP.
What to track next
- Same-store sales growth disclosure vs new-store contribution
- Entry into Delhi NCR or Mumbai (signals metro thesis)
- Any PE/VC funding announcement or ESOP refresh
- Dairy, ghee, dry-fruit input cost trajectory
- Competitor moves: Bikaji Tier-2 cafe formats, Anand Sweets, Kailash Mithaiwala expansions
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- Festive Q3 FY26 revenue print as leading indicator
Likely next moves
Our read of what comes next — analysis, not reported by the source.
- Lock central kitchen capacity in 2-3 hub cities before signing new leases
- Build a gifting/corporate B2B vertical for Diwali-Rakhi seasonality smoothing
- Pilot D2C mithai e-commerce + quick-commerce tie-ups (Blinkit, Swiggy Instamart)
- Standardize store P&L template; gate openings on 18-month payback
- Hire COO/CFO bench ahead of any external capital conversation
The source
Published
First seen