India · Delayed Price · Currency is INR Mrs. Bectors Food Specialities Earnings Call Transcripts
Fiscal Year 2026
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Q3 FY26 saw 8.4% revenue growth year-over-year, with bakery outpacing biscuits and margins improving. Exports are set to rebound with new trade deals, and capacity expansions are underway to support growth. Interim dividend declared.
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Q2 FY26 saw record revenue and double-digit growth, with strong performance in both Biscuits and bakery. Margin improvement and double-digit growth are targeted for FY27, supported by capacity expansion and favorable GST reforms.
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Revenue grew 7.6% YoY in Q1 FY26, led by a 19% rise in bakery and 3% in biscuits, with EBITDA margin at 12.3%. Margin recovery and double-digit domestic biscuit growth are targeted for upcoming quarters, while new capacity and product innovation support future expansion.
Fiscal Year 2025
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FY25 saw 15.4% revenue growth and resilient performance in both biscuits and bakery, with strong innovation and expansion initiatives. FY26 guidance targets low to mid-teens growth, margin normalization, and 5% revenue from new products, supported by new facilities and digital upgrades.
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Q3 FY25 saw 15% revenue growth, with Biscuits and Bakery segments performing strongly despite input cost pressures. Margin recovery is expected by Q1 FY26, supported by cost efficiencies, price hikes, and new product launches.
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Q2 FY25 saw record revenue and PAT, with 19.7% YoY revenue growth and strong export momentum. Margins faced temporary pressure from commodity inflation, but annual guidance for mid to high teens revenue growth and 14%-15% EBITDA margin is maintained.
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Q1 FY25 saw 17% revenue growth and record-high sales, driven by strong biscuits and bakery performance, premiumization, and robust exports. EBITDA margin remained healthy at 14.6%, with continued investment in capacity and technology.