Gourmet Gateway India Ltd (506134)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Gourmet Gateway's revenue was ₹53.5 Cr (+18.6% year on year, +9.2% on the previous quarter), and net profit ₹1.2 Cr (against a loss a year earlier); the operating margin was 17.2%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹53.5 | +18.6% | +9.2% |
| Operating profit | ₹9.2 | +41.8% | +24.7% |
| Net profit | ₹1.2 | from loss | +274.2% |
| EPS (₹) | 0.04 | from loss | from loss |
| Operating margin | 17.2% | — | — |
📢 Recent Corporate Announcements
Gourmet Gateway India Limited has infused an additional ₹78,00,876.36 into its subsidiary, Boutonniere Hospitality Private Limited (BHPL). The investment was completed via private placement by subscribing to 52,383 equity shares at an issue price of ₹148.92 per share (face value ₹10). Following this transaction, the company's equity stake in BHPL increases marginally from ~95.99% to 96.17%. Given the small outlay relative to Gourmet Gateway's TTM revenue of ₹201 Cr and net worth of ₹60 Cr, the financial magnitude is minimal.
- Further investment of ₹78,00,876.36 in subsidiary Boutonniere Hospitality Private Limited
- Subscribed to 52,383 equity shares of face value ₹10 each at an issue price of ₹148.92 per share
- Shareholding in BHPL increased from approximately 95.99% to 96.17%
Gourmet Gateway India Limited announced that its step-down subsidiary, Welgrow Hotels Concepts Private Limited, has increased its partnership interest in Manmeera Hospitality LLP from 49% to 99%. Under the Second Supplementary LLP Agreement executed on August 25, 2026, the LLP will pay a retirement consideration of ₹37.50 lakh each to two retiring partners, totaling ₹75 lakh. Financial details and turnover of the acquired entity were not disclosed in the filing. The transaction allows the company to consolidate full operational control over the hospitality asset.
- Stake in Manmeera Hospitality LLP increased from 49% to 99%, an addition of 50 percentage points.
- Retirement consideration of ₹37.50 lakh each payable by the LLP to two exiting partners (total ₹75 lakh).
- Second Supplementary LLP Agreement executed on August 25, 2026.
- Target entity operates in the hospitality sector; financial turnover was not disclosed.
Gourmet Gateway India Limited has informed the exchange of a change in its official corporate email address pursuant to Regulation 30 of SEBI LODR Regulations. The official email ID for company communications has transitioned from amfinecompliance@gmail.com to cs@gourmetgateway.co.in with immediate effect as of August 19, 2026. This administrative update has no impact on the company's financial profile or business operations (TTM revenue of Rs 193 Cr).
- Company changed official email ID to cs@gourmetgateway.co.in effective August 19, 2026
- Previous contact email ID amfinecompliance@gmail.com stands replaced
- Change communicated under Regulation 30 of SEBI LODR Regulations, 2015
Gourmet Gateway India approved the conversion of 4,00,000 warrants into equity shares at Rs 26.20 each, raising Rs 78.60 lakh in balance consideration. Concurrently, 38,27,743 fully convertible warrants lapsed unexercised upon reaching their 18-month tenure limit, leading to the forfeiture of the 25% upfront application money. Following the allotment, the company's paid-up share capital increased to Rs 15.17 crore. The board also appointed Mr. Vipul Gupta as an Additional Independent Director following the resignation of Mr. Ritesh Kalra.
- Allotted 4,00,000 equity shares of face value Re 1 at an issue price of Rs 26.20 per share upon receiving Rs 78.60 lakh.
- 38,27,743 warrants lapsed due to non-exercise within the 18-month tenure, leading to forfeiture of the 25% upfront consideration.
- Total paid-up equity share capital increased to Rs 15,17,07,876 comprising 15,17,07,876 shares of Re 1 each.
- Appointed Mr. Vipul Gupta as Additional Independent Director for a 5-year term following the resignation of Mr. Ritesh Kalra.
Gourmet Gateway India Limited announced the resignation of Mr. Ritesh Kalra (DIN: 07387831) from his position as an Independent Director. The resignation is effective from the close of business hours on August 14, 2026. The director has confirmed that there are no other material reasons for his departure. The company reported TTM revenue of ₹193 crore and breakeven net profit in FY26.
- Resignation of Independent Director Mr. Ritesh Kalra (DIN: 07387831) effective close of business hours on August 14, 2026.
- The director confirmed that there are no material reasons other than stated for his resignation.
- The resigning director holds no other directorships or board committee memberships in other listed entities.
- Company operated with TTM revenue of ₹193 crore and FY26 operating profit margin of 15.0%.
Gourmet Gateway India Limited announced the appointment of Mr. Vipul Gupta as an Additional Independent Director (Non-Executive) effective August 14, 2026. The appointment is for a first term of 5 consecutive years, subject to shareholder approval within three months. Mr. Gupta brings over 20 years of experience in accounting, finance, and taxation, and holds another directorship in Rollatainers Limited. This is a routine governance update with no direct impact on the company's financial operations.
- Appointed Mr. Vipul Gupta as Additional Independent Director (Non-Executive) effective August 14, 2026
- Term of appointment is set for 5 consecutive years
- Appointment is subject to shareholder approval within 3 months
- Appointee has over 20 years of professional experience in accounting, finance, and taxation
Gourmet Gateway India Ltd has approved the allotment of 4,00,000 equity shares of face value Re 1 each at an issue price of Rs 26.20 per share upon conversion of warrants. The company received Rs 78.60 lakh representing the remaining 75% consideration from public allottees. Additionally, 38,27,743 convertible warrants lapsed due to non-exercise within the 18-month tenure, leading to the forfeiture of the upfront 25% warrant subscription amount. Following the allotment, the total paid-up share capital expanded to Rs 15.17 crore comprising 15,17,07,876 equity shares.
- Allotted 4,00,000 equity shares of face value Re 1 at an issue price of Rs 26.20 per share
- Received Rs 78,60,000 towards the balance 75% issue price for the converted warrants
- 38,27,743 warrants lapsed due to non-exercise within 18 months, resulting in forfeiture of the 25% upfront amount
- Total paid-up share capital increased to Rs 15,17,07,876 comprising 15,17,07,876 equity shares
Gourmet Gateway India Limited announced the allotment of 4,00,000 equity shares (face value Re 1) at Rs 26.20 per share upon the partial conversion of warrants, collecting Rs 78.60 lakh in cash. Concurrently, 38,27,743 warrants lapsed unexercised at the end of the 18-month tenure, resulting in the forfeiture of the 25% upfront application money. Following this allotment, total paid-up share capital increased to Rs 15.17 crore (15,17,07,876 equity shares). The board also approved Q1 FY27 un-audited financial results and appointed Mr. Vipul Gupta as an Additional Independent Director following the resignation of Mr. Ritesh Kalra.
- Allotment of 4,00,000 equity shares at an issue price of Rs 26.20 per share upon receipt of Rs 78.60 lakh (75% balance).
- Lapse and forfeiture of 38,27,743 convertible warrants due to expiry of the 18-month conversion window.
- Out of 45,44,210 warrants originally issued, only 7,16,667 were converted while ~84.2% lapsed.
- Total post-allotment paid-up capital increased to Rs 15,17,07,876 (15.17 crore shares of Re 1 each).
Gourmet Gateway India Ltd has scheduled a board meeting for August 14, 2026, to review and approve its unaudited financial results for the quarter ended June 30, 2026. The company enters this period following a fiscal year (FY26) where it generated Rs 193 crore in revenue but reported a net profit of Rs 0 crore. With a Debt-to-Equity ratio of 1.27 and a TTM EPS of -Rs 0.02, the upcoming results are critical for assessing the company's path to consistent profitability. The trading window for insiders remains closed until 48 hours after the results are declared.
- Board meeting scheduled for August 14, 2026, to approve Q1 FY27 results.
- Results will cover the three-month period ending June 30, 2026.
- Company reported TTM revenue of Rs 193 crore as of March 2026.
- Operating profit margin (OPM) stood at 15.4% for the TTM period.
- Trading window closure was previously initiated on June 22, 2026.
Financial Performance
Revenue Growth by Segment
The company operates in a single segment, the Food Business, which saw revenue grow by 190.87% YoY, increasing from INR 276.81 Lakhs in FY 2024 to INR 805.16 Lakhs in FY 2025.
Profitability Margins
Net Profit Margin declined sharply from 48.28% in FY 2024 to 1.83% in FY 2025. This compression was driven by a 79.6% increase in total expenses, which rose from INR 491.07 Lakhs to INR 881.97 Lakhs.
EBITDA Margin
The company reported a negative PBT margin of -6.8% in FY 2025 (INR 54.73 Lakhs loss) compared to a positive PBT margin of 66.37% in FY 2024 (INR 183.73 Lakhs profit), indicating a significant decline in core operational profitability.
Capital Expenditure
The company holds a significant investment of INR 58.66 Cr (INR 5,866.01 Lakhs) in its subsidiary, Boutonniere Hospitality Private Limited (BHPL), as of March 31, 2025.
Operational Drivers
Raw Materials
Food ingredients for Pan Asian and dessert brands (Not disclosed in specific percentages).
Capacity Expansion
The company utilizes its own-commissary and delivery network to support its portfolio of brands; specific MT or unit capacity is not disclosed.
Raw Material Costs
Total expenses increased by 79.6% YoY to INR 881.97 Lakhs, largely due to the scaling of the food business operations.
Manufacturing Efficiency
The company leverages an in-house technology stack and an integrated commissary model to drive sustained profitable growth.
Logistics & Distribution
The company operates its own delivery network to maintain control over the customer experience and distribution costs.
Strategic Growth
Expected Growth Rate
9%
Growth Strategy
GGIL aims to achieve growth by leveraging its own-commissary, delivery network, and in-house technology stack to capitalize on the $51 billion Indian food service market, which is growing at a 9% CAGR.
Products & Services
Quick service Pan Asian cuisine and dessert treats.
Brand Portfolio
Wanchai, Drizzle & Dust.
Market Expansion
The company is focused on capitalizing on the rapid growth of the foodservice industry in Indian markets.
Market Share & Ranking
India is the 9th largest food service market globally; GGIL's specific market share is not disclosed.
External Factors
Industry Trends
The industry is evolving through digital democratization and a significant rise in online ordering, with the Indian market mirroring nominal GDP growth at a 9% CAGR.
Competitive Landscape
Operates in a vibrant and rapidly evolving sector influenced by technological advancements and changing consumer preferences.
Competitive Moat
Moat is built on an integrated model including an own-commissary, delivery network, and in-house technology stack, which provides a competitive advantage in quality control and delivery efficiency.
Macro Economic Sensitivity
Highly sensitive to per capita income growth, consumption-led economic growth, and demographic tailwinds in India.
Consumer Behavior
Shifting towards online ordering and a preference for branded QSR experiences like Pan Asian and specialized desserts.
Geopolitical Risks
Exposed to volatile global environments and supply chain disruptions caused by escalating geopolitical tensions.
Regulatory & Governance
Industry Regulations
Operations are subject to food safety standards, occupational health & safety regulations, and evolving regulatory frameworks.
Taxation Policy Impact
The company recorded a tax benefit of INR 69.44 Lakhs in FY 2025 compared to a tax expense of INR 50.09 Lakhs in FY 2024.
Legal Contingencies
A search and seizure operation was carried out by the Directorate of Enforcement (ED) at the office premises of the Company and two subsidiaries during FY 2025; proceedings are currently in progress.
Risk Analysis
Key Uncertainties
A key uncertainty is the potential impairment of the INR 58.66 Cr investment in BHPL, as step-down subsidiaries have performed lower than anticipated.
Technology Obsolescence Risk
The company mitigates this by maintaining an in-house technology stack to stay competitive in the digital food service space.
