BSE: 506134
GOURMET GATEWAY INDIA LIMITED
Operates a food and beverages business through a group of 12 subsidiaries that includes Barista Coffee Company, with the corporate office in Gurugram. On a consolidated basis, FY26 revenue from operations was ₹192.5279 crore, up 16.1653% from the prior year. The group moved from a consolidated loss of ₹262.38 lakhs in FY25 to a small consolidated net profit of ₹18.38 lakhs in FY26, although profit attributable to owners remained negative at ₹46.67 lakhs. Standalone (holding-company) revenue is a small fraction of the group total — ₹439.22 lakhs in Q3 FY26 — indicating most operating activity sits inside subsidiaries. The largest cost lines are other operating expenses at 28.1% of revenue and employee costs at 21.4%, with raw materials at 13.6% and depreciation at 12.1%; capex was 7.488 crore (3.9% of revenue) in FY26. Statutory auditors Walker Chandiok & Co LLP issued unmodified opinions but flagged an ongoing Enforcement Directorate search and seizure operation under PMLA at the company and two subsidiaries, with a Provisional Attachment Order against promoter shares issued in September 2024. The company was formerly called Intellivate Capital Ventures Limited and trades on BSE under scrip code 506134. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Food and beverages (consolidated, through subsidiaries including Barista Coffee Company). Asset-light-to-moderate restaurant and food services group, recently turned profitable at the consolidated level.
Exhibit 1: Financial summary, FY23–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | 62 | 146 | 166 | 193 |
| EBITDA (ex other income) | 14 | 24 | 22 | 30 |
| margin % | 22.0 | 16.2 | 13.1 | 15.4 |
| Owners' profit | 3 | 5 | (2) | (0) |
| EPS, as reported (₹) | 0.94 | 0.37 | (0.17) | 0.06 |
| ROE % · ROCE % | 15.7 · 8.3 | 9.4 · 15.4 | (4.0) · 3.9 | 0.3 · 7.1 |
| Debt / equity (x) | 1.97 | 0.23 | 0.16 | 0.15 |
| Cash from operations | 12 | 22 | 28 | 30 |
| Capex | (8) | (8) | (11) | (7) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 38 | 41 | 44 | 42 | 45 | 47 | 51 | 49 |
| Profit before tax | (1) | (1) | (1) | (1) | (1) | 0 | 0 | 0 |
| Net profit | (1) | (1) | (0) | (1) | (1) | 1 | (0) | 0 |
| EPS (₹) | (0.10) | (0.05) | (0.01) | (0.01) | (0.04) | 0.02 | 0.01 | 0.04 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| JUBILANT FOODWORKS LTD | 28,010 | 64.6 | 11.73 | 15.4 | 18.6 | 8.8 | 23.5 | 20.3 |
| TRAVEL FOOD SERVICES LTD | 15,158 | 31.9 | 10.35 | 20.3 | 30.9 | 33.5 | — | 46.0 |
| DEVYANI INTERNATIONAL LTD | 15,018 | — | 7.97 | 18.2 | (2.3) | (1.1) | — | 17.3 |
| WESTLIFE FOODWORLD LTD | 9,284 | 291.8 | 15.00 | — | 5.2 | — | 21.6 | 13.5 |
| RESTAURANT BRAND ASIA LTD | 6,729 | — | 9.77 | 18.6 | (29.6) | (7.8) | — | 14.6 |
| SAPPHIRE FOODS INDIA LTD | 6,428 | — | 4.63 | 13.3 | (2.3) | (1.4) | — | 16.3 |
| UNITED FOODBRANDS LIMITED | 2,638 | — | 8.21 | 13.2 | (19.3) | (6.3) | 21.4 | 16.7 |
| SPICE LOUNGE FOOD WORKS LIMITE | 1,343 | 53.5 | 10.92 | 87.5 | 7.9 | 3.9 | — | 13.9 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 316.7 | 53.6 | 9 of 9 | 0% |
| P/B | 2.1 | 8.2 | 3 of 11 | 80% |
| ROCE | 0.3 | 2.4 | 8 of 12 | 36% |
| ROE | 0.3 | 0.3 | 6 of 11 | 50% |
| Debt / Equity | 0.1 | 0.4 | 4 of 10 | 67% |
| EBITDA margin | 17.3 | 17.3 | 5 of 11 | 60% |
| Revenue growth | 16.4 | 16.6 | 8 of 12 | 36% |
| Profit growth | 158.8 | 113.8 | 5 of 11 | 60% |
| Market cap | 144 | 2638 | 11 of 13 | 17% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 26 Oct 2026 · Board to approve September quarter and half-year results on 4 November | board shareholder meetings | low | — | — |
| 16 Oct 2026 · Further Investment of About 78 Lakhs in Subsidiary BHPL | strategic transactions | medium | — | — |
| 10 Oct 2026 · Compliance certificate under SEBI Reg 74(5) for quarter ended Sep 2026 | compliance | minimal | — | — |
| 7 Oct 2026 · 43rd AGM held on Sept 30 2026; 5 resolutions passed; filing submitted late | board shareholder meetings | medium | — | — |
| 1 Oct 2026 · Directors re-appointed and confirmed at 43rd AGM on Sept 30, 2026 | management changes | medium | — | — |
| 1 Oct 2026 · All 5 resolutions passed at 43rd AGM of Gourmet Gateway India | compliance | minimal | — | — |
| 1 Oct 2026 · 43rd AGM proceedings: 5 resolutions passed including director re-appointment | board shareholder meetings | medium | — | — |
| 21 Sept 2026 · Trading window closure for Q2 and H1 FY26 results | compliance | minimal | — | — |
| 8 Sept 2026 · Annual Report 2025-26 submitted to BSE | general | low | — | — |
| 7 Sept 2026 · 43rd AGM notice published; meeting on September 30, 2026 via video conference | compliance | minimal | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.