Volume Spurt Alert: Multibagger stock under Rs 50 hit upper circuit for 3 straight trading sessions; Do you own it?

On Friday, shares of Spice Lounge Food Works Limited hit a 5 per cent Upper Circuit to Rs 31.25 per share from its previous close of Rs 29.77 per share. The stock has a 52-week high of Rs 72.20 per share and its 52-week low is Rs 7.69 per share. The shares of the company saw a Spurt in Volume by more than 1.82 times on the BSE.

Spice Lounge Food Works Limited is a lifestyle innovator redefining how people eat and play. By blending a wide array of global flavours with high-energy nightlife and live events, the company manages a dynamic portfolio that includes Blaze Kebabs, Salud, and Buffalo Wild Wings. Committed to "experiential" dining, Spice Lounge continues to scale its multi-category ecosystem across the world’s most influential cities.

The company reported exceptional financial growth for the first half of FY26, highlighted by a 337 per cent surge in H1 net sales to Rs 78.50 crore and a 169 per cent increase in net profit to Rs 2.26 crore compared to the previous year. This momentum was anchored by a dominant second quarter, in which net sales climbed 157 per cent to Rs 46.21 crore and net profit skyrocketed 310 per cent to Rs 3.44 crore year-over-year. These figures demonstrate a rapid acceleration in scale when measured against the full-year performance of FY25, which saw total net sales of Rs 105 crore and a net profit of Rs 6 crore.

Additionally, to celebrate 50 years of musical legacy, Spice Lounge Food Works is hosting a landmark tribute to Maestro Ilaiyaraaja on March 28, 2026, at Hyderabad's Gachibowli Stadium. Orchestrated via XORA World—a cultural arm of the company’s subsidiary, Rightfest—the event honours the composer’s prolific career of over 7,000 songs while marking a major strategic shift for the company. By moving beyond its restaurant roots and into the experiential economy, Spice Lounge is integrating its food and beverage heritage into a wider lifestyle ecosystem. This expansion into curated live events aims to strengthen brand engagement and position the company as a versatile leader in India’s growing entertainment and lifestyle sectors.

The company has a market cap of over Rs 2,100 crore. The stock has given multibagger returns of 306 per cent from its 52-week low of Rs 7.69 per share and a whopping 2,500 per cent in 5 years. Mohana Babu Karjela, a public shareholder, holds a 40.36 per cent stake in the company as of December 2025.

Disclaimer: The article is for informational purposes only and not investment advice.