506134
Gourmet Gateway financials
- Market cap
- ₹182 Cr
- Sector
- Consumer Services
What Gourmet Gateway does
Gourmet Gateway India Limited (formerly Intellivate Capital Ventures Limited, renamed in May 2024) is a holding company for a group of food, beverage and hospitality businesses. It holds a 95.98% stake in Boutonniere Hospitality Private Limited, which in turn controls step-down subsidiaries running a coffee cafe chain (Barista Coffee Company Limited), restaurants (Kaizen Restaurants Private Limited), hotels (Welgrow Hotels Concept Private Limited) and another F&B/hospitality format (So Indulgent India Private Limited). The parent itself does not describe a separate direct operating business beyond holding and investing in these subsidiaries.
Segments
- Boutonniere Hospitality Private Limited
- Barista Coffee Company Limited
- Kaizen Restaurants Private Limited
- Welgrow Hotels Concept Private Limited
- So Indulgent India Private Limited
- Group subsidiaries
- 5 (1 direct + 4 step-down)
- Stake in Boutonniere Hospitality Private Limited
- 95.98%
- Stake in Barista Coffee Company Limited (step-down)
- 88.35%
- Stake in Kaizen Restaurants Private Limited (step-down)
- 100%
- Stake in Welgrow Hotels Concept Private Limited (step-down)
- 100%
- Stake in So Indulgent India Private Limited (step-down)
- 70%
Quarterly results
Q1 FY27: revenue up 18.6%, net profit up 273.1% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 41 | 44 | 42 | 45 | 47 +14% | 51 +15% | 49 +16% | 53 +19% |
| EBITDA | 6 | 6 | 4 | 6 | 7 +21% | 8 +33% | 7 +73% | 9 +42% |
| Net profit | -1 | -0 | -1 | -1 | 1 +177% | 0 +100% | 0 +158% | 1 +273% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −15.6% 1Y
1Y: ₹14.5 on 10 Sept 2025 → ₹12.24. High ₹18.27 (30 Sept 2025), low ₹6.9 (30 Mar 2026).
Financials, as filed
Revenue grew 46.1% a year over 3 years, FY23 to FY26. Operating margin narrowed to 15.4%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹62 Cr | ₹146 Cr | ₹166 Cr | ₹193 Cr |
| Operating profit | ₹13 Cr | ₹24 Cr | ₹22 Cr | ₹30 Cr |
| Operating margin | 20.6% | 16.2% | 13.1% | 15.4% |
| Interest | ₹5 Cr | ₹11 Cr | ₹9 Cr | ₹9 Cr |
| Depreciation | ₹8 Cr | ₹18 Cr | ₹20 Cr | ₹23 Cr |
| Net profit | ₹3 Cr | ₹6 Cr | ₹-3 Cr | ₹0 Cr |
| Net margin | 5.5% | 3.9% | -1.6% | 0.1% |
| Cash from operations | ₹12 Cr | ₹22 Cr | ₹28 Cr | ₹30 Cr |
| Free cash flow | ₹4 Cr | ₹14 Cr | ₹17 Cr | ₹22 Cr |
| ROCE | — | 13.0% | 4.0% | 6.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Equity capital | — | ₹4 Cr | ₹13 Cr | ₹15 Cr | ₹15 Cr |
| Reserves | — | ₹17 Cr | ₹43 Cr | ₹48 Cr | ₹48 Cr |
| Borrowings | — | ₹121 Cr | ₹78 Cr | ₹82 Cr | ₹80 Cr |
| Other liabilities | — | ₹37 Cr | ₹37 Cr | ₹44 Cr | ₹46 Cr |
| Total liabilities | — | ₹179 Cr | ₹172 Cr | ₹189 Cr | ₹189 Cr |
| Fixed assets | — | ₹143 Cr | ₹135 Cr | ₹149 Cr | ₹148 Cr |
| Capital work in progress | — | ₹1 Cr | ₹2 Cr | ₹1 Cr | ₹0 Cr |
| Investments | — | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | — | ₹35 Cr | ₹35 Cr | ₹39 Cr | ₹41 Cr |
| Total assets | — | ₹179 Cr | ₹172 Cr | ₹189 Cr | ₹189 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, the public added +0.17 pp while promoters trimmed −0.11 pp. The shareholder count shrank 2% to 6,107.
- Promoters
- 46.8%
- FIIs
- 0.2%
- Public
- 52.9%
Since Jun 2025
- Public +0.17 pp
- Promoters −0.11 pp
- DIIs −0.07 pp
How it drifted, 12 quarters
Over this window promoters fell from 49.5% to 46.8% — −2.7 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 49.5%, Public 50.5%.Dec '23: Promoters 47.6%, FIIs 0.1%, Public 52.3%.Mar '24: Promoters 47.6%, FIIs 0.3%, Public 52.1%.Jun '24: Promoters 48.2%, FIIs 0.6%, Public 51.2%.Sep '24: Promoters 49.2%, FIIs 0.5%, Public 50.4%.Dec '24: Promoters 49.2%, FIIs 0.5%, DIIs 0.1%, Public 50.2%.Mar '25: Promoters 49.6%, FIIs 0.3%, DIIs 0.1%, Public 50.0%.Jun '25: Promoters 47.0%, FIIs 0.3%, DIIs 0.1%, Public 52.7%.Sep '25: Promoters 46.8%, FIIs 0.3%, DIIs 0.1%, Public 52.8%.Dec '25: Promoters 46.8%, FIIs 0.3%, DIIs 0.1%, Public 52.9%.Mar '26: Promoters 46.8%, FIIs 0.3%, DIIs 0.0%, Public 52.9%.Jun '26: Promoters 46.8%, FIIs 0.2%, Public 52.9%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Gourmet Gateway above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Amfine Capital Management Private Limited | 19.00% | unchanged |
| Anubhav Dham | 16.46% | unchanged |
| Mahakram Developers Pvt Ltd | 15.42% | unchanged |
| Anamika Dham | 8.65% | unchanged |
| Ajay Dilkush Sarupria | 5.39% | unchanged |
| Birbal Advisory Private Limited | 4.77% | unchanged |
| Mahalaxmi Innovative Services Ltd | 3.82% | unchanged |
| Yashna Family Trust | 2.72% | unchanged |
| Ashish Chugh | 1.51% | unchanged |
| Amzen Realtors And Developers Private Limited | 0.01% | unchanged |
| Aarti Family Trust | — | off the list |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Gourmet Gateway
Guides on how to read this kind of business and the numbers that matter.