Multibagger penny stock hit upper circuit after securing exclusive master franchise rights for Wing Zone
DSIJ Intelligence-1 / 04 Dec 2025/ Categories: Multibaggers, Penny Stocks, Trending
The stock has given multibagger returns of 896 per cent from its 52-week low of Rs 5.32 per share and a whopping 4,400 per cent in 5 years.
On Thursday, shares of Spice Lounge Food Works Limited hit a 5 per cent Upper Circuit, rising to Rs 52.99 per share from its previous close of Rs 50.47 per share. The stock has a 52-week high of Rs 72.20 per share and its 52-week low is Rs 5.32 per share. The shares of the company saw a Spurt in Volume by more than 1.01 times on the BSE.
Spice Lounge Food Works Ltd (BSE: 539895) | Spice Lounge Food Works Limited, is a fast-growing multi-format food service organisation with a strong presence across South India. With over more than 75 years of combined hospitality expertise and a 500+ member team, the Company — which operates leading global homegrown brands including Buffalo Wild Wings, Wing Zone, Blaze Kebabs, Tortilla, and the subsidiary TekSoft Systems Inc. — today announced that the Company has secured the exclusive Master Franchise rights for Wing Zone, an internationally recognised quick service restaurant (QSR) brand renowned for its chicken-based offerings and flavour-forward menu innovation.
Wing Zone, established globally with a strong footprint across multiple international markets, is known for its signature sauces, bold flavours and premium-quality chicken products. With this acquisition, Spice Lounge Food Works Ltd. will lead the development, operations and nationwide expansion of Wing Zone in India. Under the leadership of Chairperson Mr Mohan Karjela, the Company plans to introduce Wing Zone to consumers across India through a strategic mix of high-street outlets and cloud-kitchen formats, enabling strong accessibility and scalable growth. As part of its initial rollout phase, the Company will launch India’s first Wing Zone outlet in Koramangala, Bangalore, in January 2026.
Koramangala, widely regarded as one of Bangalore’s most vibrant food and beverage destinations, offers a high concentration of young consumers, strong footfall, and a well-established QSR ecosystem, making it a compelling location for the brand’s India debut. Following the Koramangala launch, Spice Lounge Food Works Ltd. intends to expand Wing Zone’s presence with additional outlets across Bangalore, Hyderabad and Chennai, with further rollout planned in other major cities as part of a structured, multi-phase expansion strategy. This acquisition aligns with the Company’s broader vision to strengthen its presence in the fast-growing Indian QSR sector and build a diversified, multi-brand foodservice portfolio with strong long-term growth potential.
About the Company
Spice Lounge Food Works Limited (SLFW), a publicly listed food service company, is leveraging over 75 years of combined hospitality expertise to drive India's dining innovation. The company manages and scales more than 13 outlets across two states under a portfolio of leading global and homegrown brands, utilising operational excellence and technology to deliver consistent, high-quality casual, quick-service, and fast-casual dining experiences. Formerly known as Shalimar Agencies Limited, SLFW is making a strategic shift into the experiential market by acquiring Rightfest Hospitality, which operates venues like XORA Bar & Kitchen and SALUD beach club, positioning SLFW as an all-encompassing lifestyle powerhouse targeting affluent millennials and tourists, with the Chairman further authorized to evaluate the acquisition of a majority stake in the international luxury dining group Blackstone Management LLC for a global platform.
The company announced 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.
The company has a market cap of Rs 3,694 crore. The stock has given multibagger returns of 896 per cent from its 52-week low of Rs 5.32 per share and a whopping 4,400 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.