Mrs. Bectors Food Specialities (BECTORFOOD) Q4 25/26 earnings summary

Executive summary

• Achieved consolidated revenue of INR 2,043.6 crore (Rs 20,435.63 million) in FY 2026, up 9.1% YoY, surpassing the INR 2,000 crore milestone, with Q4 FY 2026 revenue at INR 485.86 crore.

• Biscuits and bakery verticals grew at 20% and 23% CAGR over four years, with biscuit segment revenue at INR 1,157 crore (up 7%) and bakery at INR 887 crore (up 14%) in FY 2026.

• Significant transformation included professional management, IT upgrades, and brand strategy, with products now reaching over 70 countries.

• Audited consolidated and standalone financial results for FY 2026 were approved with unmodified audit opinions; a final dividend of Rs 0.70 per share was proposed, totaling Rs 1.30 per share for FY 2025-26.

• Expanded manufacturing capacity in Rajpura, Indore, Kolkata, Khopoli, Bavla, Bhiwadi, and Dhar to support growth and new launches.

Financial highlights

• FY 2026 consolidated revenue: INR 2,043.6 crore, up 9.1% YoY; Q4 FY 2026 revenue: INR 485.86 crore, up 8.9% YoY.

• FY 2026 EBITDA: INR 257.7 crore, up 2.5% YoY; EBITDA margin at 12.6%; PAT: INR 140.9 crore; PAT margin at 6.9%.

• Gross profit for FY 2026 was INR 923.7 crore, up 6.8% YoY; gross margin at 45.2%.

• Cash flow from operations increased to INR 218 crore in FY 2026, up 35% YoY; debt-to-equity ratio at 0.1.

• Q4 FY 2026 EBITDA margin: 12.7%, up 25 bps YoY.

Outlook and guidance

• Expecting low to mid-teens growth in biscuits and mid-teens in bakery for FY 2027.

• Confident of maintaining or improving EBITDA margins, barring extreme crude price spikes.

• Expansion projects include new biscuit and bakery lines in multiple locations, with further capacity additions planned.

• Targeting 40-45% weighted availability in North India and expanding to 900,000-1 million outlets by 2030.

• Premiumization focus to increase from current 55-56% to 65% in bakery.