Gourmet Gateway India Limited reported a consolidated net profit of ₹18.38 lakh for the financial year ended March 31, 2026, narrowing its loss from ₹262.38 lakh in the previous year. Revenue from operations for the year rose to ₹19,252.79 lakh from ₹16,573.62 lakh in FY25. The Board of Directors approved the audited financial results for the standalone and consolidated entities at a meeting held on May 29, 2026. The company submitted newspaper cuttings confirming the publication of these results in Financial Express and Jansatta on May 31, 2026, pursuant to Regulation 47 of the SEBI (Listing Obligation & Disclosure Requirements) Regulations, 2015.

The company's statutory auditor, Walker Chandiok & Co. LLP, issued an unmodified opinion on the annual financial results. The audit report drew attention to a search and seizure operation carried out by the Directorate of Enforcement (ED) at the office premises of the holding company and two subsidiaries during the previous year. The proceedings are currently in progress, and the management stated that no adjustments are required to the financial results based on available information.

Consolidated Financial Performance

The company reported a total comprehensive income of ₹43.96 lakh for FY26, compared to a comprehensive loss of ₹263.44 lakh in the prior year. For the quarter ended March 31, 2026, the company recorded a net profit of ₹31.18 lakh. Total assets stood at ₹18,857.18 lakh as of March 31, 2026, down from ₹20,303.30 lakh a year earlier.

Auditor and Internal Auditor Appointment

Walker Chandiok & Co. LLP audited the consolidated annual financial results, which include figures for eight subsidiaries audited by other auditors and one subsidiary with unaudited results. The unaudited subsidiary reflected total assets of ₹3.52 lakhs and a net loss of ₹61.91 lakhs, which the auditors deemed not material to the Group.

Separately, the Board re-appointed M/s Chatterjee & Chatterjee, Chartered Accountants, as the internal auditor for the financial year 2026-27. The appointment, recommended by the Audit Committee, was approved in accordance with Section 138 of the Companies Act, 2013. The firm, founded in 1932, operates as a partnership entity with offices in New Delhi, Varanasi, Bengaluru, and Hyderabad.

Gourmet Gateway India Limited (formerly known as Intellivate Capital Ventures Limited) has released its financial results for the quarter ended September 30, 2025, showing a turnaround to profit amid an ongoing investigation by the Directorate of Enforcement (ED).

Financial Performance

The company reported a consolidated revenue of ₹1,951.78 crore for Q2 FY2026, marking an increase from ₹1,832.73 crore in the previous quarter. More notably, Gourmet Gateway posted a consolidated profit of ₹53.88 crore for the quarter, a significant improvement from a loss of ₹66.45 crore in the prior quarter.

Despite the quarterly profit, the company recorded a consolidated loss of ₹12.56 crore for the six-month period ended September 30, 2025.

Business Operations

Gourmet Gateway India operates in the food and beverages segment and has 12 subsidiary companies, including Barista Coffee Company Limited. The company's business activities fall within a single segment, as per Ind AS 108- Segment Reporting.

Corporate Actions

During the quarter, Gourmet Gateway converted 316,667 equity warrants into shares, receiving ₹62.22 crore. This conversion is part of a larger warrant issue from the previous year, where the company had issued 45,44,410 convertible equity warrants at a premium of ₹25.20 per share, amounting to ₹119.64 crore.

Additionally, in the quarter ended June 30, 2025, the board approved the conversion of 26,65,242 Compulsory Convertible Preference Shares. The company also allotted 53,30,484 bonus shares in the ratio of 2:1 to the allottees upon conversion.

Ongoing ED Investigation

The company continues to face scrutiny from the Directorate of Enforcement. A Provisional Attachment Order dated September 5, 2024, was passed by the Deputy Director, Directorate of Enforcement, Gurugram, under the Prevention of Money Laundering Act, 2022. This order provisionally attached shares and other securities held directly or indirectly by the Promoters/Promoter Group of the company.

The management of Gourmet Gateway and its subsidiaries states that they are cooperating with ED officials and providing necessary information. As of the date of the financial results, no show cause notice or demand has been served to the company or its subsidiaries arising from the search operations.

The company's management maintains that they are confident of no contravention under the PMLA and have not identified any adjustments or impacts on the financial results due to this matter. However, as the proceedings are ongoing, the situation remains under close watch.

Looking Ahead

Despite the challenges posed by the ED investigation, Gourmet Gateway's management expresses confidence in meeting its financial obligations. They base this on expected future cash flows from the warrants issued and cash inflows from operations.

As the company navigates through these complex times, investors and market watchers will be keenly observing how Gourmet Gateway balances its operational growth with the ongoing regulatory scrutiny.