Mohana Babu Karjela holds 40.36% stake: Multibagger stock under Rs 30 locked in 5% upper circuit on February 05
Kiran DSIJCategories: Multibaggers, Penny Stocks, Trending
The stock has given multibagger returns of 287 per cent from its 52-week low of Rs 7.69 per share and a whopping 2,445 per cent in 5 years.
On Thursday, shares of Spice Lounge Food Works Limited hit a 5 per cent Upper Circuit to Rs 29.77 per share from its previous close of Rs 28.36 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.
Spice Lounge Food Works Limited is a diversified global hospitality and lifestyle company focused on delivering memorable food, beverage and experiential experiences across markets. Through an evolving portfolio of proprietary and franchised brands, the Company brings together a wide range of global cuisines along with vibrant casual dining, premium pubs, nightlife destinations and live-event platforms. Its brand ecosystem features international franchise relationships and original concepts such as Blaze Kebabs, Xora, Salud, Buffalo Wild Wings and Wing Zone, among others. Spice Lounge is committed to culinary innovation, strong consumer engagement and strategic expansion across key urban markets, positioning itself as a multi-category food and lifestyle powerhouse.
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 is set to celebrate a half-century of musical excellence by hosting a landmark tribute to Maestro Ilaiyaraaja on March 28, 2026, at Hyderabad's Gachibowli Stadium. Organised through XORA World—a cultural platform under the company’s subsidiary, Rightfest—this event honours the composer’s legendary career of over 7,000 songs and signals a strategic pivot for Spice Lounge Food Works. By expanding beyond traditional restaurant operations into the high-impact experiential economy, the company is leveraging its food and beverage expertise to build a broader lifestyle ecosystem. This diversification into live, curated cultural events is designed to deepen consumer engagement and establish the company as a multifaceted leader in India’s evolving entertainment and lifestyle landscape.
The company has a market cap of over Rs 2,000 crore. The stock has given multibagger returns of 287 per cent from its 52-week low of Rs 7.69 per share and a whopping 2,445 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.