Tasty Bite Eatables Limited — Updates, 10-02-2025: Press Release

Tasty Bite Eatables Limited (TBEL) reported its highest-ever quarterly revenue of INR 1,835 million for Q3 FY 2025, marking a 34% year-on-year increase. This growth was driven by a rebound in the PBI business, the launch of innovations for Mars, and sustained momentum in the third-party business. Total revenue for the nine months ending December 2024 reached INR 4,342 million, with sequential growth observed in Q2 and Q3 following a setback in Q1 2025. The Food Service Business experienced a 17% year-on-year growth, propelled by new innovations and a larger share with existing customers. Material costs comprised 63% of revenues, up from 61% last year, primarily due to changes in business mix and commodity inflation, particularly in staples and oils. Despite improvements in margins, commodity inflation continues to exert pressure. The company’s outlook appears positive as growth strategies take effect, although vigilance regarding cost dynamics is advisable.