The share price of Spice Lounge Food Works, a small-cap company, locked at a 5% upper circuit on Thursday, December 4, following a significant business announcement. This surge adds to the stock's already spectacular run, which has seen it deliver multibagger returns to investors over the past year.
A Deal That Spiced Up the Market
The rally was triggered by the company's announcement that it has secured the exclusive Master Franchise rights for Wing Zone in India. Wing Zone is an internationally recognized quick service restaurant (QSR) brand famous for its chicken-based offerings and innovative, flavour-forward menu.
Under the leadership of its Chairperson, Mr. Mohan Karjela, Spice Lounge Food Works plans to introduce the Wing Zone brand to Indian consumers. The strategy involves a mix of high-street outlets and cloud-kitchen formats, aiming for strong accessibility and scalable growth across the country.
Spectacular Returns and Market Performance
The market's reaction to the news was immediate and powerful. The stock opened at ₹52.70 per share on Thursday, up from its previous close of ₹50.47 on Wednesday, and quickly hit the upper circuit limit.
This price movement is part of a much larger trend for the stock, which has been a standout performer:
- It has surged over 137.62% in just the last six months.
- The year-to-date (YTD) gain stands at an astonishing 454.29%.
- Over the last one year, the stock has given monumental returns of 896%, truly qualifying it as a multibagger.
Expansion Plans and the Road Ahead
The company has outlined concrete plans for its new venture. According to the release, India’s first Wing Zone outlet is scheduled to launch in Koramangala, Bangalore, in January 2026.
Following this debut, Spice Lounge Food Works intends to expand the brand's presence with additional outlets across key southern cities like Bangalore, Hyderabad, and Chennai. This initial phase will be followed by a structured, multi-phase expansion strategy targeting other major Indian cities, signaling ambitious long-term growth plans in the competitive QSR space.
Disclaimer: This news article is for informational and educational purposes only. Investors are advised to consult with a certified investment advisor before making any financial decisions.
