Mrs. Bectors Food Specialities Limited — Investor Meet, 06-06-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Mrs. Bectors Food Specialities reported 9.8% revenue growth in Q4 to INR446 Cr, led by 7% growth in biscuits and 19% in bakery. FY25 revenue rose 15.4% to INR1,874 Cr, with EBITDA margin at 13.4% and PAT margin at 7.6%. Margin pressure from input costs should ease in H1 FY26, aided by palm oil duty cuts and price actions. New product launches focus on premium and health segments, aiming for 5% revenue from NPD in FY26. Capacity expansion includes a new Indore facility, with Khopoli and Calcutta plants upcoming. Export growth remains strong, making up ~50% of biscuit volumes, while domestic B2C growth is expected in low-to-mid teens, supported by rural recovery. Management is positive on sustained growth driven by innovation, efficiency, and wider distribution, especially in e-commerce and quick commerce channels.