Mrs. Bectors Food Specialities (BECTORFOOD) Q3 24/25 earnings summary

Executive summary

• Q3 FY25 consolidated revenue grew 14.8% year-over-year to Rs 492.1 Cr, with both Biscuits and Bakery segments posting double-digit growth despite a challenging environment.

• Consumer sentiment improved slightly due to a buoyant festival season and better rural demand, while urban demand remained muted.

• Product innovation and premiumization continued, with new launches in gifting, health-focused bakery, and snacking categories.

• Expansion into quick commerce and calibrated retail expansion are key strategic priorities.

• Approved unaudited consolidated and standalone financial results for the quarter and nine months ended 31 December 2024.

Financial highlights

• Q3 FY25 consolidated revenue: Rs 492.1 Cr, up 14.8% year-over-year; 9M FY25 revenue: Rs 1,427.8 Cr, up 17.3% year-over-year.

• Q3 FY25 EBITDA: Rs 61.4 Cr (12.5% margin), nearly flat year-over-year; PAT: Rs 34.6 Cr; PAT margin at 7%.

• For FY24, revenue reached Rs 1,624 Cr, EBITDA Rs 242 Cr (14.9% margin), and PAT Rs 140 Cr (8.6% margin).

• Consolidated basic and diluted EPS for Q3 FY25 was Rs 5.64; for nine months, Rs 18.21.

• Standalone revenue for Q3 FY25 was Rs 4,575.88 million, with net profit at Rs 273.01 million.

Outlook and guidance

• Margin guidance of 14%-15% targeted by Q1 FY26, with sequential improvement expected in Q4.

• Full impact of cost-saving and pricing measures to offset input cost inflation expected by Q1 FY26.

• Ongoing capacity expansion, new product launches, and cost transformation initiatives are set to support future growth.

• Interim dividend declared, reflecting confidence in ongoing business performance.

• Unutilized QIP proceeds to be used for expansion and general corporate purposes.