Mrs. Bectors Food Specialities (BECTORFOOD) Q1 25/26 earnings summary

Executive summary

• Q1 FY26 revenue from operations grew 7.6% year-on-year to ₹473 crores, with EBITDA margin at 12.3% and PAT margin at 6.5%.

• Bakery segment achieved record quarterly revenue, up 19% year-on-year to ₹183 crores, while biscuit segment grew 3% year-on-year to ₹281 crores.

• Board approved a 1:5 stock split, subject to shareholder and regulatory approval, to enhance liquidity.

• Strategic focus on innovation, premiumization, and health-oriented products is driving growth, especially in bakery.

• New capacity additions and cost transformation projects are underway to support long-term growth.

Financial highlights

• Consolidated revenue for Q1 FY26 was ₹4,729.63 million, up from ₹4,460.72 million in Q1 FY25.

• EBITDA stood at ₹582 million, with a margin of 12.3%, and PAT was ₹308.78 million, with a PAT margin of 6.5%.

• Gross profit margin was 45.6%, down from 48.0% YoY.

• Standalone revenue for Q1 FY26 was ₹4,383.44 million, with standalone PAT at ₹248.80 million.

• Basic and diluted EPS (consolidated) for Q1 FY26 was ₹5.03, down from ₹5.59 in Q1 FY25.

Outlook and guidance

• Domestic biscuit business is expected to achieve double-digit growth in the next two quarters, driven by stabilized pricing and festive demand.

• EBITDA margin is targeted to return to 14% from Q2 onwards, supported by improved gross margins and cost efficiencies.

• Focus on augmenting distribution, capacity expansion, and new product development, with expansion into South and West India.

• Stock split aims to enhance liquidity and encourage wider investor participation.

• New product launches and further premiumization are expected to drive incremental growth.