Mumbai (Maharashtra) [India], January 16: Spice Lounge Food Works Limited (SLFW) experienced a significant surge in its stock value on Friday, closing at Rs 36.28 per share, marking a 5 per cent Upper Circuit from its previous day’s close of Rs 34.56. This upward momentum follows the company’s announcement of robust financial performance for the second quarter (Q2 FY26) and the first half of the fiscal year (H1 FY26), underscoring a strategic pivot towards an expansive experiential and lifestyle market.
The company, formerly Shalimar Agencies Limited, has demonstrated impressive growth, with Q2 FY26 net sales soaring by 157 per cent to Rs 46.21 crore and net profit climbing by an astounding 310 per cent to Rs 3.44 crore, when compared to the same period in the previous year. This stellar performance extends to the half-yearly results, where net sales for H1 FY26 surged by 337 per cent to Rs 78.50 crore, while net profit rose to Rs 2.26 crore, a notable increase from H1 FY25. These figures build upon a strong FY25, which saw net sales of Rs 105 crore and a net profit of Rs 6 crore, highlighting a consistent upward trajectory.
Leveraging over 75 years of combined hospitality expertise, Spice Lounge Food Works Limited is actively redefining India’s dining landscape. The company currently operates and scales more than 13 outlets across two states, showcasing a diverse portfolio of global and homegrown brands through a commitment to operational excellence and technological integration. The recent acquisition of Rightfest Hospitality, which includes popular venues such as XORA Bar & Kitchen and SALUD beach club, marks a significant step in SLFW’s strategic transformation into an all-encompassing lifestyle entity.
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