Mrs. Bector’s Food Specialities Limited shared its Investor Presentation for Q3 FY26, detailing robust financial performance with Net Revenue reaching ₹533.3 Crs, marking an 8.4% YoY growth. The presentation also highlighted supportive macroeconomic drivers, portfolio diversification across Biscuits and Bakery segments, and the company’s core ‘GROWTH STRATEGY.’ Key achievements included the launch of health-focused products and significant capacity expansion projects.
Q3 FY26 Consolidated Performance Scorecard
Mrs. Bector’s reported strong consolidated performance for the third quarter of the financial year 2026 (Q3 FY26).
- Net Revenue: Stood at ₹533.3 Crs, showing a 12-month growth of +8.4% and a 24-month growth of +24.4%.
- Gross Profit: Increased by +8.2% YoY to ₹240.1 Crs, with the GP margin at 45.0%.
- EBITDA: Reached ₹68.4 Crs, reflecting a healthy +11.4% YoY growth. The EBITDA margin was 12.8%.
For the nine months ended December 31, 2025 (9M FY26), Net Revenue grew by +9.1% YoY to ₹1557.7 Crs.
Segment Performance Highlights (Q3 FY26 YoY Comparison)
The company saw growth across both core segments:
Biscuit Segment Revenue (₹ Crs.):
- Q3 FY26 revenue was ₹325 Crs, a 6% growth over Q3 FY25 (₹308 Crs).
- The segment has seen a 2-year growth of 21% compared to Q3 FY24 (₹268 Crs).
Bakery Segment Revenue (₹ Crs.):
- Q3 FY26 revenue was ₹198 Crs, a 13% growth over Q3 FY25 (₹175 Crs).
- The segment has seen a 2-year growth of 36% compared to Q3 FY24 (₹146 Crs).
Industry & Macro Context
The presentation highlighted supportive macro drivers, noting that India’s Real GDP Growth is projected at 6.5% for FY25, while CPI Inflation showed moderation, dropping to 1.3% in December 2025. Furthermore, the growing middle class, with the percentage of households earning USD 10,000 to USD 50,000 set to reach 42.0% by 2030 P, suggests strong potential for premiumization and sustained demand.
Growth Strategy Pillars
The company’s GROWTH STRATEGY is built upon four key enablers:
- Augmenting Distribution (B2C and B2B): Focus on an Omni Channel Approach and calibrated expansion to become a pan-India player, especially targeting the South and West regions.
- Building Portfolio of Offerings: Participating in all Key Price Points and introducing New Product Development catering to health, value gap, and New Age segments like Sourdough and Millets.
- Robust Supply Chain & Manufacturing: Continuous investment in capacity addition and leveraging automation for real-time analysis and efficiency improvements. The company invested Rs. 716+ crores between FY21 to FY25 in capacity building.
- Winning thru Quality: Demonstrated by recognized certifications (like FDA, FSSC 22000) and association with global clients such as McDonald’s and Walmart. The Cremica brand now has a footprint in over 70+ Countries.
Portfolio & Operational Upgrades
Health First and Premiumization
The focus on a health-first portfolio is evident through the Launch of Zero Maida Bakery Range (including Pav, Pizza Base, Burger) and the Truly Clean NaturBaked ~New Look featuring Italian Sourdough.
New Launches and Expansion
- Frozen Portfolio Expansion: Promotions for new items like Choco Lava Muffin and Aloo Kulcha were highlighted across occasion, educate, and awareness digital campaigns.
- Capacity Additions: New biscuit lines were commissioned in Rajpura (Punjab) during FY23-24 and H1’24-25. The Dhar plant (MP) commenced operations in Q1 FY25-26, and a new bakery unit in Kolkata (West Bengal) was commissioned in Q4FY26.
Cost Transformation (Project IMPACT 1.0)
Project IMPACT 1.0 focused on cost transformation through key enablers including Procurement & Packaging optimization, Optimising Manufacturing Process, Reducing Wastage, and utilizing Sales Force Automation to enhance trade spends effectiveness.
Historical Financial Snapshot (FY25 vs FY24)
Reviewing the five-year trend:
- Revenue from Operations grew from ₹1,623.9 Crs in FY24 to ₹1,873.9 Crs in FY25.
- PAT increased from ₹140.4 Crs in FY24 to ₹143.2 Crs in FY25, yielding a PAT margin of 7.6% (down from 8.6% in FY24).
- The balance sheet shows a significant strengthening of equity, with Total Equity rising from ₹662.9 Crs in Mar-24 to ₹1,165.8 Crs in Mar-25, leading to a Debt to Equity ratio improvement to 0.1 in Mar-25.
Source: BSE
