Spice Lounge Food Works Limited , a publicly listed food service company, has made a significant move in the Quick Service Restaurant (QSR) sector by acquiring the exclusive master franchise rights for WingZone in India. This strategic acquisition marks an important milestone in the company's growth strategy and positions it to capitalize on the burgeoning Indian QSR market.

WingZone: A New Player in India's QSR Landscape

WingZone, an internationally recognized QSR brand, is renowned for its chicken-based offerings and innovative menu. The brand's entry into the Indian market through Spice Lounge Food Works Limited aims to bring its signature flavors and premium-quality chicken products to Indian consumers.

Expansion Plans

Spice Lounge Food Works has outlined an expansion strategy for WingZone in India:

1. Initial Launch: The company plans to open India's first WingZone outlet in Koramangala, Bangalore. Koramangala, known for its vibrant food and beverage scene, offers a high concentration of young consumers and strong footfall, making it an ideal location for the brand's debut.

2. Phased Expansion: Following the Koramangala launch, the company intends to expand WingZone's presence with additional outlets across Bangalore, Hyderabad, and Chennai.

3. Nationwide Growth: Further rollout is planned in other major cities as part of a structured, multi-phase expansion strategy.

4. Format Diversity: The expansion will utilize a mix of high-street outlets and cloud-kitchen formats to ensure both accessibility and scalability.

Strategic Implications

This acquisition aligns with Spice Lounge Food Works' broader vision to strengthen its presence in the fast-growing Indian QSR sector. By adding WingZone to its portfolio, the company aims to:

• Diversify its multi-brand food service portfolio
• Tap into the demand for international QSR brands in India
• Leverage its operational expertise to drive WingZone's growth in the Indian market

Market Outlook

The Indian QSR market is experiencing momentum, driven by:

• Evolving consumer preferences
• Rising urbanization
• Increasing adoption of global food formats

Spice Lounge Food Works, with its 75+ years of combined hospitality expertise and a 500-member team, is positioned to capitalize on these trends and work towards establishing WingZone as a player in the Indian QSR landscape.

As the company embarks on this new venture, it will be interesting to observe how WingZone's menu innovation and Spice Lounge Food Works' local market expertise combine to cater to the Indian palate and contribute to the food service sector in the country.

Spice Lounge Food Works Limited (formerly Shalimar Agencies Limited) has submitted revised unaudited financial results for the second quarter and half-year ended September 30, 2025. The company, which operates in two segments - Software and IT services, and Food and Restaurant services - reported a consolidated revenue of Rs 8,062.96 crore for the half-year period.

Key Financial Highlights

• Consolidated Revenue: Rs 8,062.96 crore for H1 FY2026
• Net Profit: Rs 225.69 crore for H1 FY2026
• Earnings Per Share (EPS): Rs 0.03 (Basic and Diluted) for H1 FY2026

Quarterly Performance

For the quarter ended September 30, 2025:

Half-Year Performance

For the half-year ended September 30, 2025:

Segment Information

The company operates in two segments:

1. Software and IT services
2. Food and Restaurant services

Balance Sheet Highlights

As of September 30, 2025:

• Total Assets: Rs 25,971.86 crore
• Total Equity: Rs 11,103.63 crore
• Cash and Cash Equivalents: Rs 4,621.67 crore

Management Commentary

Mohan Babu Karjela, Chairperson and Director of Spice Lounge Food Works Limited, stated, "The Board of Directors has approved these results at its meeting held on November 14, 2025. We have corrected an error in our initial filing where standalone results were inadvertently shown twice instead of consolidated results."

Additional Notes

1. The company changed its name from Shalimar Agencies Limited to Spice Lounge Food Works Limited during the previous financial year 2024-25.
2. The financial results are prepared in accordance with Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013.
3. The results have been reviewed by the statutory auditors, and a limited review report has been provided.

Investors and stakeholders can access the detailed financial results on the company's website at www.espicelounge.com .

Note: This article is based on the company's official financial disclosures and does not include any forward-looking statements or predictions.