Outcome of the Board Meeting held on 13th November, 2025 pursuant to Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015
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Gourmet Gateway India (formerly Intellivate Capital Ventures, parent of Barista Coffee Company) reported consolidated revenue from operations of ₹4,742.01 lakhs for Q2 FY26, up about 14% from ₹4,147.38 lakhs in Q2 FY25. The company swung to a consolidated profit after tax of ₹53.88 lakhs in Q2 FY26, compared to a loss of ₹70.08 lakhs a year earlier. For the six months ended September 2025, consolidated revenue grew roughly 17% to ₹9,251.73 lakhs, while the loss narrowed sharply to ₹12.56 lakhs from ₹198.63 lakhs in H1 FY25. Standalone revenue nearly doubled to ₹311.68 lakhs in Q2. The auditor (Walker Chandiok & Co LLP) issued an unqualified review but included an Emphasis of Matter note regarding the ongoing Directorate of Enforcement (PMLA) search, seizure, and provisional attachment proceedings against the holding company and two subsidiaries.
A clear turnaround quarter — the group returned to profitability on a quarterly basis and cut its half-yearly losses by over 90%, which is positive for shareholders. However, the lingering ED investigation under PMLA and the provisional attachment of promoter securities remain a significant overhang on the stock, and the auditor has flagged this as an Emphasis of Matter.