Investor Release

Key Financial Highlights (Consolidated Basis)

Quarterly Performance (Q4 FY26 vs Q4 FY25)

  • Revenue: ₹485.9 crores (vs ₹446.1 crores) - 8.9% YoY growth
  • Gross Profit: ₹224.2 crores (vs ₹197.6 crores) - 13.5% YoY growth
  • Gross Profit Margin: 46.2% (vs 44.3%)
  • EBITDA: ₹61.7 crores (vs ₹55.6 crores) - 11.1% YoY growth
  • EBITDA Margin: 12.7% (vs 12.5%)
  • Profit After Tax: ₹35.4 crores (vs ₹34.3 crores) - 3.3% YoY growth
  • PAT Margin: 7.3% (vs 7.7%)

Quarterly Sequential Performance (Q4 FY26 vs Q3 FY26)

  • Revenue declined 8.9% from ₹533.3 crores
  • Gross Profit declined 6.6% from ₹240.1 crores
  • EBITDA declined 9.8% from ₹68.4 crores
  • PAT declined 7.0% from ₹38.1 crores

Annual Performance (FY26 vs FY25)

  • Revenue: ₹2,043.6 crores (vs ₹1,873.9 crores) - 9.1% YoY growth
  • Gross Profit: ₹923.7 crores (vs ₹865.3 crores) - 6.8% YoY growth
  • Gross Profit Margin: 45.2% (vs 46.2%)
  • EBITDA: ₹257.7 crores (vs ₹251.5 crores) - 2.5% YoY growth
  • EBITDA Margin: 12.6% (vs 13.4%)
  • Profit After Tax: ₹140.9 crores (vs ₹143.2 crores) - 1.6% YoY decline
  • PAT Margin: 6.9% (vs 7.6%)

Segmental Revenue Performance

Q4 FY26 Segment Performance

  • Biscuit Segment: ₹278 crores (vs ₹257 crores in Q4 FY25) - 8% YoY growth
  • Includes domestic and export biscuits
  • 16% growth compared to Q4 FY24
  • Bakery Segment: ₹195 crores (vs ₹179 crores in Q4 FY25) - 9% YoY growth
  • Includes retail bakery and institutional segment
  • 29% growth compared to Q4 FY24

Full Year Segment Growth (FY26)

  • Biscuits business grew at 6.72%
  • Bakery business grew at 14%

Management Commentary

Mr. Anoop Bector, Managing Director, highlighted:

  • FY26 marked crossing of ₹2,000 crore revenue milestone
  • Company scaled from ₹988 crores in FY22 to ₹2,044 crores in FY26, representing 20% CAGR over four years
  • Biscuits vertical grew at 20% CAGR over four years
  • Bakery vertical grew at 23% CAGR over four years
  • Q4 FY26 revenue growth of 8.9% with Biscuits at 8.4% and Bakery at 8.5%
  • EBITDA margin improvement of 25 basis points over Q4 FY25

Challenges Mentioned

  • Tariff uncertainty at year outset
  • Near-term disruptions from GST 2.0 reform in Q3
  • West Asia conflict weighing on Biscuits vertical through second half

Strategic Response

  • Calibrated price increases and cost efficiency measures under Project IMPACT
  • Implementation underway from Q1 FY27
  • Gradual resolution of tariff uncertainty expected to provide tailwind

Outlook

  • Barring ongoing pressures from West Asia conflict, hopeful of stable demand environment
  • Underpinned by resilient consumption trends, continued premiumisation, and sustained brand investments

Company Background

Mrs. Bectors Food Specialities Limited (MBFSL) operates in biscuits segment under brand 'Cremica' and premium bakery under 'English Oven'. The company is among preferred suppliers to largest QSR franchises, cloud kitchens, and multiplex chains in India. Has presence in 70+ countries across six continents.

Safe Harbor Statement

Document includes forward-looking statements subject to risks and uncertainties including industry downtrend, political and economic environment changes, tax laws, litigation, labor relations, exchange rate fluctuations, technological changes, and other factors.