Tim Hortons’ CEO, Tarun Jain, has revealed that the company plans to allocate approximately Rs. 2 billion by August 2025 to support its expansion efforts. Currently, Tim Hortons operates 16 stores across Delhi NCR, Mumbai, and Punjab, but it aims to increase the store count to 120 by August 2025.
Jain mentioned that the average investment per store is approximately Rs. 2 crores. The coffee chain recently ventured into Mumbai and successfully opened two stores there. Jain stated that Tim Hortons intends to enter new markets such as Pune, Bengaluru, and Gujarat this year.
Additionally, the brand will be opening new stores in existing cities, including Patiala and the Delhi airport. The upcoming stores will adhere to an average size of 1,200–1,400 sq ft. Jain emphasized that the strategy of opening stores in malls and on high streets will remain consistent as they expand into new cities.
The initial target for the first year was to open 18–20 stores in India, but Tim Hortons expects to surpass this goal by opening 20 stores by the end of August. With the increasing trend of people spending time in cafes and the rising number of transactions, Tim Hortons anticipates that it will contribute to the overall growth of the market.