Spice Lounge Food Works Limited to Host Event Celebrating 50 Years of Maestro Ilaiyaraaja!
DSIJ Intelligence-1Categories: Mindshare, Trending
The stock has given multibagger returns of 349 per cent from its 52-week low of Rs 7.69 per share and a whopping 2,790 per cent in 5 years.
Spice Lounge Food Works Limited (BSE: 539895) has announced that its cultural and experiential platform, XORA World, will host a landmark event celebrating 50 years of the legendary Maestro Ilaiyaraaja. Scheduled for March 28, 2026, at the Gachibowli Stadium in Hyderabad, this large-scale tribute honours a composer who has produced over 7,000 songs across five decades. XORA World, a proprietary platform under the company’s wholly-owned subsidiary Rightfest, aims to curate high-impact cultural experiences that resonate with the composer's massive, multi-generational fan base.
The event marks a significant milestone in Spice Lounge Food Works' strategic evolution, as the company consciously expands its operating canvas beyond traditional restaurant formats. By venturing into adjacent experiential and lifestyle verticals, the company is leveraging its core food and beverage expertise to build a broader ecosystem of consumer touchpoints. This transition into live, curated cultural events is designed to strengthen direct-to-consumer engagement and create proprietary platforms that carry deep emotional and cultural resonance across key urban markets.
This diversification strategy is intended to enhance brand recall and foster long-term synergies across the company's various business units. By hosting an icon of Ilaiyaraaja's stature, Spice Lounge Food Works is positioning itself as a leader in the experiential economy, moving beyond the plate to provide comprehensive lifestyle experiences. These initiatives not only broaden the company’s revenue streams but also solidify its presence as a multifaceted player in India’s evolving consumer and entertainment landscape.
About the Company
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 has a market cap of over Rs 2,000 crore. The stock has given multibagger returns of 349 per cent from its 52-week low of Rs 7.69 per share and a whopping 2,790 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.