Truefitt & Hill Franchise
London luxury barbershop sub-franchised in India by Lloyds Luxuries; 38 Indian shops on its locator. Est. ₹75 L–1 Cr*; fee and royalty not published.
Truefitt & Hill franchise at a glance (terms checked Oct 2026)
Investment
₹75 L - ₹1 Cr*
Estimate — not published by the brand · incl. fit-out, equipment, stock, working capital · excl. fee, rent deposit
Ongoing take
Not published
Franchise fee
Not published
Payback
Not published
* Not verified — the brand doesn't publish this; the figure comes from other published sources or FranchiseChuno's estimate (see "Reported elsewhere" and "Our estimates" below). Real numbers can differ.
- Disputes with franchisees: None found (records checked Oct 2026)
- Company standing: Active and up to date with the registrar
Outlets
38 verified
What we couldn't verify
- • Outlet closures
- • Franchisee satisfaction
- • Profit or loss
- • Revenue trend
Ask before you sign
- Speak to at least 3 franchisees who have run an outlet for 2+ years and see their actual monthly sales and profit — a franchisor making money doesn't mean its franchisees do.
- Get a written, itemised cost breakdown — the brand hasn't published one.
- Ask for the one-time franchise fee in writing, and whether any part is refundable.
Franchise terms checked against Truefitt & Hill India's official franchise page (run by Lloyds Luxuries) on 3 Oct 2026. Figures marked * aren't published by the brand — they come from other published sources or our own estimate, and aren't verified.
Investment Breakdown
Per franchisorCompany-owned store budget in the 2022 prospectus (Jul 2022 quotation; includes freight, installation and customs duty; total incl. GST).
Company-owned store budget in the 2022 prospectus (Aug 2022 quotation, incl. GST).
Company-owned store budget in the 2022 prospectus (Aug 2022 quotation, incl. GST).
Charged per store; amount not published.
Total excludes a charge whose amount Truefitt & Hill doesn't disclose.
Ongoing charges
Model your own numbers in our calculator
Open the ROI calculator* Breakdown as published by Truefitt & Hill. Truefitt & Hill confirms 2 charges without disclosing the amount — get it in writing before you pay.
Ways to Partner with Truefitt & Hill
1 partner model published by the brand. Figures it doesn't publish are left blank.
Truefitt & Hill barbershop (sub-franchise)
- Investment
- ₹75 L – ₹1 Cr
- Space
- From 1,000 sq ft
- Who it suits
- Enquiry form asks for preferred city; 2024 list included Chandigarh, Kochi, Coimbatore, Faridabad, Ghaziabad, Goa, Jaipur, Jammu, Lucknow, Ludhiana, Madurai, Mangaluru, Nagpur, Nashik, Patna, Raipur, Rajkot, Srinagar, Thiruvananthapuram, Udaipur, Vijayawada and Visakhapatnam.
Investment is our estimate; initial fee and royalty not published. Partner pays fit-out, equipment, supplies, inventory, payroll and working capital (prospectus).
Our Estimates
FranchiseChuno estimateTruefitt & Hill doesn't publish these, so here is our best read of the market and how we got there. They are our estimates, not the brand's figures — use them to plan, then confirm the real numbers in writing.
All-in cost of a 1,000 sq ft sub-franchised barbershop, before fee and rent deposit
₹75 L–₹1 Cr*
Lloyds Luxuries' 2022 prospectus budgets ₹60.4 L (incl. GST) per 1,000 sq ft store: barber chairs ₹19.6 L, pedicure chairs ₹2.1 L, civil/interior/MEP ₹38.6 L. We add 10–20% for cost inflation since Aug 2022 (₹66–72 L), opening product stock and pre-opening costs (₹5–10 L) and 3–6 months' working capital (₹5–15 L). The undisclosed sub-franchise fee, rent deposit and royalty are extra.
Unit-economics model · Oct 2026
Unit Economics
Mixed sourcesHow Truefitt & Hill says an outlet's numbers work. These are illustrations, not guarantees — check them against existing franchisees before you sign.
Lloyds Luxuries (all stores)
- Royalty income from sub-franchiseesFrom 12 Indian sub-franchise stores plus Dhaka; franchise fees ₹15 L that year
- 99,06,000 INR
Reputation & News
3 red flags to checkWhat the press, courts and real franchisees or customers have said about Truefitt & Hill — summarised by us, with every source linked.
- In the news· Aug 2026
Master franchisee reports ₹35 Cr pre-tax loss for FY26
Lloyds Luxuries' AGM notice gives FY2025-26 total income of ₹60.8 Cr and a loss before tax of ₹35.1 Cr, which it attributes to capital spending; it projects a return to profit in FY27.
Source: Lloyds Luxuries 13th AGM notice - In the news· Aug 2026
Profit forecasts missed three years running
Lloyds Luxuries' AGM notices forecast net profits of ₹1.5 Cr for FY24, ₹1.4 Cr for FY25 and ₹0.9 Cr for FY26 (the FY23 notice had said ₹19.5 Cr for FY26). It reported losses of ₹8.0 Cr and ₹6.7 Cr for FY24 and FY25 and a ₹35.1 Cr pre-tax loss for FY26.
Source: Lloyds Luxuries 10th–13th AGM notices - In the news· Oct 2026
Losses in every year on record
Company filings show losses of ₹3.2 Cr (FY20), ₹3.0 Cr (FY21), ₹9.2 Cr (FY22), ₹4.3 Cr (FY23), ₹8.0 Cr (FY24) and ₹6.7 Cr (FY25), and a ₹35.1 Cr pre-tax loss in FY26.
Source: Lloyds Luxuries prospectus and AGM notices; MCA data via Tracxn - Legal / regulatory· Jul 2024
Consumer complaint over sealed salon dismissed
The Delhi State Consumer Commission dismissed a member's appeal seeking a refund after a salon floor was sealed by civic authorities (Jul 2024).
Source: Indian Kanoon
Show 2 moreShow fewer
- In the news· Jun 2014
First Indian shop opened at Khar in 2014
Business Standard (IANS) reported the launch on Linking Road, Khar, with Lloyds Luxuries holding the master franchise for India, Vietnam, Burma, Nepal, Bangladesh, Bhutan and Sri Lanka.
Source: Business Standard (IANS) - employee_opinion· Oct 2026★ 3.9/5 · 39 ratings
AmbitionBox employee rating 3.9/5 (small sample)
Employees rate Truefitt & Hill 3.9 out of 5 on AmbitionBox, from 39 ratings.
Source: AmbitionBox
Legal & Contract Summary
Key contract terms at a glance — read before you sign.
Agreement Type
Franchisee-Owned, Franchisee-Operated
Contract Duration
—Renewal Available
—Territory Exclusivity
—Non-Compete Clause
—Exit Clause
—About the Brand
Brand USP
London barber and perfumer dating to 1805, run in India by Lloyds Luxuries under a master franchise valid to 2043.
Why invest in Truefitt & Hill?
Truefitt & Hill by the Numbers
Source marked on each figure38 in 17 cities
Indian barbershops on its locator (our count) · 4 Oct 2026
Store locatorOct 2013, extended to 2043
Master franchise term · 2022
Company filingIndia, Nepal, Sri Lanka, Bhutan, Vietnam, Myanmar, Bangladesh
Territory held by the master franchisee · Oct 2026
Company filing25 outlets in India (city split includes a Noida shop not on today's locator)
Lloyds' own outlet claim (older page) · undated
Brand claimTruefitt & Hill Outlet Network
By state · Oct 2026
- Maharashtra (Mumbai 11, Thane 1, Pune 2)14
- Tamil Nadu, Rajasthan, Chandigarh, Uttarakhand, Assam, Odisha, Madhya Pradesh (1 each)7
- Telangana, West Bengal, Gujarat (2 each)6
- Delhi4
- Karnataka (Bengaluru)4
- Haryana (Gurugram)3
Outlet count over time
- Mar 202214
Company-run barbershops, India (Mar 2022) · lloydsluxuries.in
- Mar 202212
Sub-franchised barbershops, India (Mar 2022) · lloydsluxuries.in
Cities with Outlets
Show all 17 citiesHide the city list
Company Financials
Parent / group levelThese figures are for Lloyds Luxuries Ltd (Indian master franchisee; brand owned by Truefitt & Hill (Gentlemen's Grooming) Ltd, UK), not this brand alone — separate from what a single franchise outlet earns.
Revenue (FY26)
₹60.79 Cr
Employees (May 2025 (Lloyds Luxuries, labour filing via Tracxn))
164
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 Truefitt & Hill's franchisor company has filed with the registrar and the courts — the checks a lawyer would run before you sign.
- Status with the registrar
- Active
- Annual filings
- Up to date
- Last AGM
- 31 Aug 2026
- Paid-up capital
- ₹23.88 Cr
- Brand trademark
- Registered in India: 'Truefitt & Hill' in Classes 3, 8, 14, 21, 35 and 44 (e.g. no. 3239851, Class 44, filed Apr 2016)
Source: Lloyds Luxuries 13th AGM notice (Aug 2026); 2022 prospectus; MCA data via Tracxn (checked Oct 2026)
Full company recordsFinancials year by year, registered details, leadership and timelineShowHide
Truefitt & Hill Financials Over Time
Figures for the parent company, from filed or reported accounts.
Source: Lloyds Luxuries prospectus (restated; total income) · Lloyds Luxuries 10th AGM notice (total income; annual report 2022-23) · Lloyds Luxuries 11th AGM notice (total income; annual report 2023-24) · Lloyds Luxuries 12th AGM notice (total income; annual report 2024-25); matches MCA data via Tracxn · Lloyds Luxuries 13th AGM notice (total income; loss before tax ₹35.09 Cr; net loss not stated)
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
- Lloyds Luxuries Limited
- Company type
- Public Limited Company (listed on NSE SME Emerge)
- CIN
- L74999MH2013PLC249449
- Incorporated
- 21 Oct 2013
- Headquarters
- Mumbai (Lloyds Luxuries Ltd, Indian master franchisee); brand owner in London
Leadership
- PPrannay DokkaniaManaging Director, Lloyds Luxuries
- SShreekrishna Mukesh GuptaChairman and promoter, Lloyds Luxuries
Social presence
Company details source: MCA data via Tracxn; Lloyds Luxuries prospectus (2022)
Truefitt & Hill Timeline
1805
Truefitt & Hill founded in London
SourceOct 2013
Lloyds Luxuries signs the master franchise
Initially 10 years, later extended for 20 years (to 2043).
SourceJun 2014
First Indian shop opens at Khar, Mumbai
Source2017
First sub-franchise shop abroad, in Dhaka
SourceOct 2022
Lloyds Luxuries lists on NSE SME
₹24 Cr IPO; part of the money was earmarked for 9 new company stores.
SourceFY27Announced plan
Company projects ₹68.1 Cr turnover and a ₹3.1 Cr profit
Earlier AGM notices forecast profits of ₹1.5 Cr for FY24, ₹1.4 Cr for FY25 and ₹0.9–19.5 Cr for FY26; each year ended in a loss.
Source
FranchiseChuno Analysis
Our analysis of verified dataHow Truefitt & Hill looks once the numbers are checked side by side.
- ✓13 years of franchisingFranchising since 2013.
- !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)
- ○ Franchise fee
- ○ Royalty
- ○ ROI or payback claim
- ○ Agreement term
- ○ Training details
- ✓ Outlet cities verified
- ✓ Company financials
- ✓ Legal entity
- ✓ News & public opinion checked
Ask Before You Sign
Questions tailored to what Truefitt & Hill does and doesn't publish.
- 1Speak to at least 3 franchisees who have run an outlet for 2+ years and see their actual monthly sales and profit — a franchisor making money doesn't mean its franchisees do.
- 2Get a written, itemised cost breakdown — the brand hasn't published one.
- 3Ask for the one-time franchise fee in writing, and whether any part is refundable.
- 4Ask for the royalty and any marketing-fund fee, and how they're calculated (on sales or profit).
- 5Ask for the agreement term, renewal fee and exit or transfer terms.
- 6Ask whether you get an exclusive territory, and how large it is.
- 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
1,000 sq ft
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
Ongoing Support
What Truefitt & Hill franchisees say
We haven't yet heard from enough Truefitt & Hill 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 Truefitt & Hill outlet — share how it wentFrequently Asked Questions
What is the total investment for a Truefitt & Hill franchise?
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