Investors in Spice Lounge Food Works Limited are celebrating an extraordinary rally as the small-cap stock continues its record-breaking performance. On Thursday, November 20, the company's share price surged 5% to reach an all-time high of ₹65.53 per share, marking the seventh consecutive trading session where it hit the upper circuit limit.
Spectacular Market Performance
The stock opened strong at ₹65 on the National Stock Exchange during early morning trading, significantly higher than Wednesday's closing price of ₹62.41. This remarkable upward movement represents just the latest chapter in what has been an incredible year for the company's shareholders.
The stock has delivered nearly 21% returns in just the last five trading sessions alone, demonstrating exceptional short-term momentum. However, the longer-term performance is even more impressive, with the stock generating multibagger returns of 264.26% over six months and a staggering 585.46% year-to-date.
Strong Quarterly Results Fuel Growth
The driving force behind this spectacular rally appears to be the company's outstanding second-quarter financial results for FY26. According to an exchange filing dated November 15, Spice Lounge Food Works reported a 300% year-on-year jump in consolidated net profit, soaring to ₹3.4 crore from just ₹0.83 crore in the same quarter last year.
Revenue from operations showed equally impressive growth, climbing 158% to reach ₹46.20 crore in the September 2025 quarter compared to ₹18 crore in the corresponding period last year. The company's operational strength was further highlighted by an EBITDA of approximately ₹4.15 crore for Q2 FY26.
Total comprehensive income also witnessed substantial growth, rising to ₹3.50 crore from ₹8.1 crore in the year-ago quarter. Additionally, total income for the September 2025 quarter increased to ₹49 crore, compared to ₹18.2 crore in the same quarter of FY25.
Strategic Expansion and Future Outlook
The company's growth strategy received a significant boost with the acquisition announced on October 29. Spice Lounge Food Works acquired 100% shareholding of Rightfest Hospitality LLP, positioning the company for expanded presence in India's rapidly evolving casual dining, quick-service, and tech-enabled food experience sectors.
Mohan Babu Karjela, Chairperson and Director of Spice Lounge Food Works Ltd, emphasized the strategic importance of this move, stating: "The acquisition of Rightfest Hospitality LLP marks a defining milestone in our journey to build a multiformat, experience-led food and hospitality company. Rightfest has consistently demonstrated creativity and excellence in curating destinations that go beyond dining — delivering lifestyle experiences that deeply connect with today's aspirational Indian audience."
Formerly known as Shalimar Agencies Ltd until its name change in August 2025, Spice Lounge Food Works Limited now operates across both food service and IT industries. The company manages an impressive portfolio of food and lifestyle brands, holding franchise rights for Buffalo Wild Wings and Wing Zone, while also overseeing its own concepts including Blaze Kebabs, Xora, and Sunburn Union.
The combination of strong financial performance, strategic acquisitions, and diverse brand portfolio continues to fuel investor confidence, making Spice Lounge Food Works one of the most talked-about multibagger stocks in the Indian small-cap space.
