Spice Lounge Food Works shares hit a 5% upper circuit on Thursday, December 4, following a major business update. The small-cap stock has been a multibagger, rising 137.62% in six months, 454.29% year-to-date (YTD), and a staggering 896% over the past year.
The rally comes after the company announced it has secured exclusive Master Franchise rights for WingZone, a globally recognized quick-service restaurant (QSR) brand famous for its chicken-based menu and innovative flavors.
Market Performance and Key Highlights
- Opening Price (Dec 4): ₹52.70
- Previous Close (Dec 3): ₹50.47
- 6-Month Gain: 137.62%
- YTD Gain: 454.29%
- 1-Year Gain: 896%
The stock’s surge reflects investor enthusiasm over Spice Lounge Food Works’ strategic expansion into a new and rapidly growing segment of the Indian QSR market.
Main News: WingZone Master Franchise Acquisition
Spice Lounge Food Works’ partnership with WingZone marks a pivotal move in its growth strategy. The company plans to introduce WingZone across India through a combination of high-street outlets and cloud kitchens, ensuring wide accessibility and scalable operations.
- First Outlet: Koramangala, Bangalore (January 2026)
- Next Expansion: Additional outlets planned in Bangalore, Hyderabad, and Chennai, followed by a phased rollout in other major cities
This move supports the company’s goal of creating a diversified, multi-brand portfolio while strengthening its position in India’s rapidly expanding food services market.
Company Details
- Chairperson & Director: Mohan Babu Karjela
- Strategic Focus: Expanding international food formats in India’s QSR market
- Market Context: Rising urbanization, evolving consumer preferences, and increased adoption of global food concepts are driving the sector
According to the company, WingZone’s internationally acclaimed flavors, combined with Spice Lounge Food Works’ operational expertise, provide a strong platform for capturing the expanding Indian QSR market.
Summary
Spice Lounge Food Works’ recent developments underline its potential as a multibagger small-cap stock:
- Secured exclusive Master Franchise rights for WingZone
- First WingZone outlet launching in Bangalore, Jan 2026
- Aggressive expansion plans across major Indian cities
- Consistent multibagger returns: 137.62% in six months, 454.29% YTD, 896% in one year
The stock’s surge demonstrates the market’s confidence in the company’s strategic moves, positioning it strongly in India’s expanding fast-food and QSR landscape.
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