Apollo Pharmacy Franchise
No franchise route published: Apollo Pharmacies Ltd operates the 7,100+ stores; CRISIL describes store additions as company capex. Loss-making operator.
We couldn't confirm Apollo Pharmacy is taking franchisees right now
Treat this as research, not an open offer, until the brand confirms its programme in writing. See the note below.
About This Listing
Apollo Pharmacy publishes no franchise programme on its own site: it has no franchise or store-partner page (its /franchise address returns 'page not found', and the sitemap files list none; checked 25 Oct 2026). CRISIL's Mar 2026 rating rationale describes store additions as capital spending by the operating company, Apollo Pharmacies Ltd (about ₹300 Cr in FY25 for 550-600 new stores plus refurbishment of about 500). Apollo has not said in so many words whether any store is franchised, so we treat the status as unknown, not as 'no franchising'. Franchise costs and application guides on other websites are not from Apollo; treat any 'Apollo Pharmacy franchise' offer or fee request as unconfirmed. Apollo's separate clinic business has its own franchise programme, which is a different offer.
Source: Apollo Pharmacy website and sitemap (checked 25 Oct 2026); CRISIL rating rationale, 25 Mar 2026
Apollo Pharmacy franchise at a glance (terms checked Oct 2026)
Investment
Not franchising
Ongoing take
Not published
Franchise fee
Not published
Payback
Not published
- Franchisor made a loss of ₹194 Cr in FY25
- Legal or regulatory action on record — see Reputation & News
- Disputes with franchisees: None found (records checked Oct 2026)
- Revenue trend: +16% revenue FY24→FY25
- Network growth: 7113 → 7289 outlets (Apollo Pharmacy stores (CRISIL)–Apollo HealthCo offline pharmacies after 663 net additions in FY26 (ICICI Securities note on Apollo's Q4 FY26 results))
Franchisor strength isn't franchisee profit — check real outlet numbers.
Outlets
7,113 (brand claim)
What we couldn't verify
- • Outlet closures
- • Franchisee satisfaction
- • Company standing
- • Outlets we could verify
Ask before you sign
- Get written confirmation that Apollo Pharmacy is taking franchisees at all before paying anything — see the note at the top of this page.
- Ask for the one-time franchise fee in writing, and whether any part is refundable.
- Ask for the royalty and any marketing-fund fee, and how they're calculated (on sales or profit).
Franchise terms checked against Apollo Pharmacy's official website (no franchise page) on 25 Oct 2026. Figures marked * aren't published by the brand — they come from other published sources or our own estimate, and aren't verified.
Reputation & News
1 red flag to checkWhat the press, courts and real franchisees or customers have said about Apollo Pharmacy — summarised by us, with every source linked.
- regulatory· 25 Mar 2026
CRISIL: operating company loss-making, negative net worth, rating on watch
CRISIL says Apollo Pharmacies Ltd has a sub-par financial risk profile from continuing net losses and negative adjusted tangible net worth, interest cover (pre-Ind AS 116) below 1 time in FY25 (1.35 times as tabulated), and relies on credit terms from Apollo HealthCo. Its A rating is on watch with developing implications pending a group restructuring.
Source: CRISIL Ratings rationale, 25 Mar 2026 - In the news· 28 Nov 2025
Apollo Pharmacy to add two stores a day for five years
Apollo said on 28 Nov 2025 it had passed 7,000 stores and would grow to more than 10,600 by 2030. The coverage does not mention franchising.
Source: Business Standard
Legal & Contract Summary
Key contract terms at a glance — read before you sign.
Agreement Type
Not specifiedContract Duration
—Renewal Available
—Territory Exclusivity
—Non-Compete Clause
—Exit Clause
—About the Brand
Brand USP
Apollo says almost 80% of Indians live within 40 minutes of an Apollo Pharmacy (Executive Chairperson, HealthCo, Nov 2025); it publishes no franchise route.
Why invest in Apollo Pharmacy?
Apollo Pharmacy by the Numbers
Source marked on each figure7,113 in 26 states and 1,200+ cities and towns (company-run)
Stores · 31 Dec 2025
Company filingTwo new stores a day for five years, to 10,600+ by 2030 (company statement)
Store roll-out plan · 28 Nov 2025
Brand claim90% stores, 10% online (Apollo 24|7)
Sales mix · 25 Mar 2026 (CRISIL rationale; undated split)
Company filingCRISIL A / A1, on watch with developing implications
Credit rating · 25 Mar 2026
Company filingApollo Pharmacy Outlet Network
Outlet count over time
- 31 Dec 20257,113
Apollo Pharmacy stores (CRISIL) · crisil.com
- 31 Mar 20267,289
Apollo HealthCo offline pharmacies after 663 net additions in FY26 (ICICI Securities note on Apollo's Q4 FY26 results) · icicidirect.com
- FY20203,766
Stores in FY2020 (CRISIL) · crisil.com
These counts come from different sources — brand claims, press reports and store locators — so they aren't a like-for-like series. Treat the brand's own claims as the upper end.
Company Financials
Brand-level, publicly reportedThe franchisor's own company health — separate from what a single franchise outlet earns.
Revenue (FY25)
₹11545 Cr
Net loss (FY25)
₹194 Cr
A profitable franchisor doesn't mean profitable franchisees. These are the company's numbers, not an outlet's. A franchisor can grow on fees and supplies while outlets struggle — talk to existing franchisees and see their accounts before you decide.
Company Health Check
What Apollo Pharmacy's franchisor company has filed with the registrar and the courts — the checks a lawyer would run before you sign.
Group companies
- Apollo Medical Pvt LtdHolding company
- Apollo Healthco Ltdshareholder · 25.5%
- Apollo Hospitals Enterprise LtdHolding company
Source: CRISIL rating rationales (May 2024, Mar 2026); Apollo Hospitals results coverage (May 2026); Apollo Pharmacy website (checked Oct 2026)
Full company recordsFinancials year by year, registered details, leadership and timelineShowHide
Apollo Pharmacy Financials Over Time
Figures for the brand, from filed or reported accounts.
Source: CRISIL rationale 23 May 2024 · CRISIL rationale 25 Mar 2026 · CRISIL rationale 25 Mar 2026 (operating income; reported PAT)
A profitable franchisor doesn't mean profitable franchisees. These are the company's numbers, not an outlet's. A franchisor can grow on fees and supplies while outlets struggle — talk to existing franchisees and see their accounts before you decide.
Company Profile
The legal entity behind the brand, its leadership, and its official channels.
- Registered name
- Apollo Pharmacies Limited
- Company type
- Public Limited Company (unlisted)
- CIN
- U52500TN2016PLC111328
- Headquarters
- Chennai, Tamil Nadu
Leadership
- SShobana KamineniExecutive Chairperson, Apollo HealthCo
- PP JayakumarChief Executive Officer, Apollo Pharmacy
Company details source: Apollo Pharmacy website compliance page (CIN) and contact page (registered office)
Apollo Pharmacy Timeline
FY2020
Network of 3,766 stores
SourceSep 2020
Front-end pharmacy business carved out of Apollo Hospitals into a separate company
Done to meet foreign direct investment norms, per CRISIL.
Source28 Nov 2025
7,000th store opened in Ayodhya; plan of two stores a day announced
SourceQ4 FY27 (target)Announced plan
Apollo HealthCo demerger and listing targeted
ICICI Securities notes the HealthCo demerger as targeted for Q4 FY27; CRISIL expects approvals by Mar 2027.
Source
FranchiseChuno Analysis
Our analysis of verified dataHow Apollo Pharmacy looks once the numbers are checked side by side.
- !The franchisor company is loss-makingIts latest filed accounts show a net loss. Franchisors that lose money can cut support or change terms — ask how franchise operations are funded.
- !1 red flag in the news or public discussionSee Reputation & News below, and ask the brand to address each one.
Data completeness
45%
- ✓ Terms checked against the brand's own page
- ✓ Published investment (not an estimate)
- â—‹ Franchise fee
- â—‹ Royalty
- â—‹ ROI or payback claim
- â—‹ Agreement term
- â—‹ Training details
- â—‹ Outlet cities verified
- ✓ Company financials
- ✓ Legal entity
- ✓ News & public opinion checked
Ask Before You Sign
Questions tailored to what Apollo Pharmacy does and doesn't publish.
- 1Get written confirmation that Apollo Pharmacy is taking franchisees at all before paying anything — see the note at the top of this page.
- 2Ask for the one-time franchise fee in writing, and whether any part is refundable.
- 3Ask for the royalty and any marketing-fund fee, and how they're calculated (on sales or profit).
- 4Ask for the agreement term, renewal fee and exit or transfer terms.
- 5Ask whether you get an exclusive territory, and how large it is.
- 6Ask how the franchisor funds training and support while it's loss-making.
- 7Ask the brand to respond to each red flag listed under Reputation & News.
- 8Have a lawyer review the franchise agreement before paying anything.
- 9Visit 2–3 existing outlets and speak to their owners without the brand present.
Running the outletSpace, staff, launch steps, training, support and who does whatShowHide
Operations Required
What you'll need on the ground to run this franchise day-to-day.
Area Required
—
Staff Needed
—
Setup Time
—
Owner Involvement
—
Best Locations
Not published
Business Type
Not published
Training & Support
What the brand provides to help you launch and run your franchise.
Training Cost
Covered by franchisor
Operations Manual
Step-by-step playbook for running the outlet
Supply Chain Support
Vendor sourcing, inventory & logistics
Technology / POS
Billing, inventory, and management software
Marketing Support
National & local marketing campaigns
Launch Support
Pre-opening setup and grand-opening assistance
Ongoing Field Support
Regular visits and operational coaching
What Apollo Pharmacy franchisees say
We haven't yet heard from enough Apollo Pharmacy franchisees to show anything. We publish totals once 3 or more people who run an outlet have answered and we've called each one to check.
I run a Apollo Pharmacy outlet — share how it went
