Mrs. Bectors Food Specialities Limited held an earnings conference call on June 2, 2025, to discuss Q4 & FY25 results. Key participants included Mr. Anoop Bector (Managing Director), Mr. Manu Talwar (CEO), Mr. Suvir Bector and Mr. Parveen Kumar Goel (Whole-Time Directors).
FY25 revenue increased by 15.4% year-on-year to ₹1,873.9 crore compared to ₹1,623.9 crore in FY24.
Q4 FY25 revenue grew by 9.8% to ₹446.1 crore versus ₹406.4 crore in Q4 FY24.
EBITDA for FY25 stood at ₹251.5 crore, a 3.7% increase, with a margin of 13.4%.
PAT for FY25 was ₹143.2 crore, compared to ₹140.4 crore in FY24, with a PAT margin of 7.6%.
The Board recommended a final dividend of ₹3 per equity share.
Biscuit segment revenue in Q4 FY25 was ₹257 crore, a 7% increase year-on-year.
Bakery segment revenue in Q4 FY25 was ₹179 crore, a 19% increase year-on-year.
The company commenced operations at its Indore facility in May 2025, enhancing manufacturing capabilities and improving logistics.
New bakery facilities in Calcutta and Maharashtra are progressing to expand the English Oven brand.
The company is revamping its IT infrastructure with AI and ML integration.
The company is focusing on premiumization through differentiated offerings, including new shortbread cookies and animal-shaped crackers.
Launched Zero Maida Pav and NaturBaked, a clean label, health-forward range.
The company expects mid-teens growth in exports for FY26.
The company expects low to mid-teens growth in domestic biscuits and bakery for FY26.
The company aims for 5% of revenue contribution from new product development (NPD) in FY26.
The management expects margin normalization to take 6-9 months, with an endeavor to achieve 13% to 14% EBITDA margin for FY26.
The company improved debtor days by 10% over FY24.
The B2B business on the Bakery side is approximately 11% to 12% of the company's revenue.
Management Commentary:
Anoop Bector mentioned that with easing interest rates and taxation relief, they are optimistic about gaining momentum. He also highlighted that the company is committed to its capex roadmap and is focused on expanding its footprint.
Manu Talwar stated that the company is building on the positive trend of growth seen in Q4 and expects low to mid-teens growth for the B2C business in FY26. He also mentioned that the company is betting a lot on new and differentiated products and is clear that they won't be launching me-too products.
Future guidance: company anticipates a revenue of approximately ₹3,400 crore from full utilization of Indore, Khopoli, and Calcutta facilities.