Mrs. Bectors Food Specialities (BECTORFOOD) Q4 24/25 earnings summary

Executive summary

• FY25 consolidated revenue grew 15.4% year-over-year to Rs 1,873.9 Cr, with Q4 FY25 revenue up 9.8% YoY and PAT at Rs 143.2 Cr, supported by strong biscuit and bakery segment growth, product innovation, and expanded capacity.

• Board approved audited standalone and consolidated results for FY25 with unmodified auditor opinions, and recommended a final dividend of Rs. 3 per share, totaling Rs. 6 per share for FY25, subject to AGM approval.

• Appointment of Mr. Parveen Kumar Goel as acting CFO effective May 29, 2025, and new Secretarial and Internal Auditors for FY26.

• Rural consumption is recovering, and tax relief is expected to boost urban demand in FY26.

Financial highlights

• FY25 consolidated revenue: Rs 1,873.9 Cr (up 15.4% YoY); Q4 FY25: Rs 446.1 Cr (up 9.8% YoY); EBITDA: Rs 251.5 Cr (up 3.7% YoY); PAT: Rs 143.2 Cr (up 2% YoY); PAT margin: 7.6%.

• Gross profit margin for FY25 at 46.2%; EBITDA margin at 13.4%.

• Cash flow from operations in FY25 was Rs 153 Cr; debt-to-equity ratio improved to 0.1.

• Basic and diluted EPS (consolidated) for FY25 were Rs. 23.79 and Rs. 23.78, respectively.

• Cash and cash equivalents at year-end: Rs 86.1 Cr; net cash from operating activities: Rs 161.5 Cr.

Outlook and guidance

• B2C biscuit and bakery business expected to grow in low to mid-teens for FY26, with growth more back-ended.

• Export business projected to grow at mid-teens, domestic biscuits at low to mid-teens for FY26.

• Margin normalization anticipated over 6–9 months, targeting 13–14% EBITDA margin for FY26.

• New product development targeted to contribute 5% of FY26 revenue.

• Focus on pan-India expansion, capacity addition, and digital upgrades, including Project IMPACT 1.0 for cost transformation.