On Thursday, shares of Spice Lounge Food Works Limited hit a 5 per cent upper circuit to an all-time high of Rs 65.53 per share from its previous closing of Rs 62.41 per share. The stock also made a 52-week high of Rs 65.53 per share and its 52-week low is Rs 5.32 per share. The stock has been hitting the upper circuit for the 7th straight trading session.
The sudden rise in the stock was due to the company announcing stellar quarterly results (Q2FY26) and half-yearly (H1FY26) results. In Q2FY26, the net sales increased by 157 per cent to Rs 46.21 crore and net profit increased by 310 per cent to Rs 3.44 crore compared to Q2FY25. Looking at H1FY26, the net sales increased by 337 per cent to Rs 78.50 crore and net profit increased by 169 per cent to Rs 2.26 crore compared to H1FY25. In FY25, the company reported net sales of Rs 105 crore and net profit of Rs 6 crore.
Spice Lounge Food Works Limited is a publicly listed food service company driving India's next generation of dining innovation, built on over 75 years of combined hospitality expertise. The company currently manages and scales more than 13 outlets across two states under a portfolio of leading global and homegrown brands. Formerly known as Shalimar Agencies Limited, Spice Lounge utilises operational excellence, strategic brand partnerships, and technology to deliver consistent, high-quality experiences in casual, quick-service, and fast-casual formats, aspiring to become a preferred choice for diverse dining across India.
Spice Lounge Food Works (SLFW), leveraging its 75 years of hospitality experience with brands like Buffalo Wild Wings, is making a strategic shift into India's experiential market by acquiring 100 per cent of Rightfest Hospitality, which operates venues like XORA Bar & Kitchen and SALUD beach club, and hosts major entertainment events, immediately positioning SLFW as an all-encompassing lifestyle powerhouse targeting affluent millennials and tourists; furthermore, SLFW's Chairman, Mr. Mohan Babu Karjela, is authorized to evaluate potentially acquiring a majority stake in the international luxury dining group Blackstone Management LLC to gain a global platform.
The company has a market cap of over Rs 4,500 crore. The stock has given multibagger returns of over 1,100 per cent from its 52-week low of Rs 5.32 per share and a whopping 5,500 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.
Multibagger penny stock under Rs 70: Shares of Spice Lounge Food Works hit 5% upper circuit for 7th straight trading session; Here’s why