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

Executive summary

• Q1 FY26 revenue from operations grew 7.6% year-on-year to INR 473 crores, with EBITDA margin at 12.3% and PAT at INR 30.9 crores, while bakery segment achieved its highest-ever quarterly revenue of INR 183 crores, up 19% year-on-year.

• Domestic biscuit business saw high single-digit year-on-year growth, while exports faced headwinds due to U.S. tariff uncertainty.

• Board approved unaudited consolidated and standalone financial results for Q1 FY26, with no material misstatements reported.

• Board approved a stock split (1:5) to enhance liquidity, pending approvals.

Financial highlights

• Consolidated Q1 FY26 revenue: INR 473 crores (₹4,729.63 million) vs INR 439.4 crores (₹4,460.72 million) in Q1 FY25, up 7.6% year-on-year.

• EBITDA: INR 58.2 crores; EBITDA margin: 12.3%; PAT: INR 30.9 crores; PAT margin: 6.5%.

• Biscuit segment revenue: INR 281 crores (3% growth YoY); bakery segment: INR 183 crores (19% growth YoY).

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

Outlook and guidance

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

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

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

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