Mrs. Bectors Food Specialities (BECTORFOOD) Q2 25/26 earnings summary

Executive summary

• Achieved highest-ever quarterly revenue of INR 551.4 crores (₹551.4 Cr) in Q2 FY26, up 11.1% year-over-year and 33% over 24 months.

• H1 FY26 revenue grew 9.5% over H1 FY25, driven by record performance in Biscuits and bakery segments.

• Gross profit for Q2 FY26 was ₹243.6 Cr, up 3.7% YoY; EBITDA at ₹69.3 Cr, down 1.7% YoY but up 7.2% over 24 months.

• Profit for Q2 FY26 stood at ₹36.5 Cr, a 6.2% decline YoY, with PAT margin at 6.6%.

• Board approved unaudited consolidated and standalone financial results for the quarter and half year ended 30 September 2025, with auditor review confirming no material misstatements.

Financial highlights

• Q2 FY26 consolidated revenue: INR 551.4 crores (up 11.1% YoY); Biscuit segment: INR 350 crores (up 10% YoY); Bakery segment: INR 194 crores (up 16% YoY).

• H1 FY26 net revenue reached ₹1,024.4 Cr, up 9.5% YoY; gross profit at ₹459.4 Cr, up 3.1% YoY; EBITDA at ₹127.5 Cr, down 5.2% YoY.

• Q2 FY26 PAT: INR 36.5 crores; PAT margin: 6.6%; PAT grew 18.2% quarter-on-quarter.

• Consolidated revenue from operations for Q2 FY26 was Rs. 5,514.17 million, up from Rs. 4,962.86 million in Q2 FY25; six-month revenue was Rs. 10,243.80 million, up from Rs. 9,356.87 million year-over-year.

• Consolidated net profit for Q2 FY26 was Rs. 365.08 million, compared to Rs. 389.36 million in Q2 FY25; six-month net profit was Rs. 673.86 million, down from Rs. 743.62 million year-over-year.

Outlook and guidance

• Targeting double-digit revenue growth in FY27, aiming for mid-to-high teens.

• EBITDA margin goal of 14-15% for FY27, with improvement expected in H2 FY26 and beyond.

• Focus on pan-India expansion, capacity addition, and new product development, especially in health and premium segments.

• Export growth for FY26 expected in low teens, with potential upside if US-India trade deal is finalized.

• Unutilized QIP proceeds of Rs. 227.19 million remain, earmarked for the Khopoli expansion project.