BECTORFOOD

Mrs Bectors share price & financials

Price
₹190.32
Market cap
₹7.4k Cr
Sector
Fast Moving Consumer Goods
Calls analysed
7
Latest concall · Q1 FY27 · call held 07 Aug 2026

Mrs Bectors Q1 FY27

Revenue from Operations ₹548.7 cr +16%EBITDA ₹72.1 cr +24%EBITDA Margin 13.1% PAT ₹38.8 cr +26%

What went well

  • Revenue from operations grew 16% YoY to INR548.7 crores, demonstrating strong top-line performance.
  • EBITDA margin expanded by 80 basis points YoY to 13.1%, reaching INR72.1 crores, indicating effective cost management despite inflation.
  • PAT increased by 25.5% YoY to INR38.8 crores, reflecting improved profitability.

What to watch

  • The West Asia conflict contributed to input cost inflation and vessel availability issues, impacting exports.
  • Input cost inflation, particularly from raw materials, packaging, fuel, and minimum wage hike, was a defining feature of the quarter.
Read the full call →

What Mrs Bectors does

Mrs. Bector's Food Specialities manufactures and sells packaged biscuits under the 'Cremica' brand and premium bakery products (breads, buns, cakes, rusk) under the 'English Oven' brand, alongside contract manufacturing for third parties. It operates two reporting verticals, Biscuits (domestic, exports and CSD/canteen sales) and Bakery (retail and institutional), and is a leading dedicated supplier of burger buns and other bakery items to large QSR (quick-service restaurant) chains in India, in addition to exporting biscuits internationally.

Segments

  • Biscuits
  • Bakery
Retail outlet presence
550,000+
Distributors
~900
Super-stockists
400+
States and Union Territories covered (India)
24 states and 6 Union Territories
Export countries
75
Biscuit SKUs
384
Founded 1995Employees 2,611 (FY2025) Company website

Guidance record · Q1 FY27

what the last two calls moved 17 tracked 3 delivered 2 missed 12 open
  • Capacity Addition (Dhar) delivered said Q3 FY25 Promised: April 2025 (Q1 FY26) Q1 FY27: No new update, promise achieved in prior quarters.
  • Domestic Biscuit Revenue Growth missed said Q1 FY26 Promised: Double digit growth over the next 2 quarters (Q2/Q3 FY26) Q1 FY27: Promise period ended in FY26. Final verdict remains missed.
  • EBITDA Margin on track said Q3 FY25 Promised: 14-15% by Q1 FY26 Q1 FY27: Q1 margin at 13.1%, up from 12.7% in Q4. On track with diluted guidance. A new firm target has been set for Q4 FY27.

All 17 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 16.1%, net profit up 25.8% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue496 492 446 473 551 +11%533 +8%486 +9%549 +16%
EBITDA70 61 56 58 69 −1%68 +11%62 +11%72 +24%
Net profit39 35 34 31 37 −5%38 +9%35 +3%39 +26%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −82.8% 1Y

₹0.5k₹1.0k₹1.5kSept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 13 Nov 2025Q3 FY26 — 13 Feb 2026Q4 FY26 — 2 Jun 2026Q1 FY27 — 7 Aug 2026

1Y: ₹1,408.8 on 10 Sept 2025 → ₹242.5. High ₹1,408.8 (10 Sept 2025), low ₹167.16 (8 Jul 2026).

How the price took the results

close before → close after

Q1 FY27
+6.6%
7 Aug
Q4 FY26
−1.0%
2 Jun
Q3 FY26
+0.3%
13 Feb
Q2 FY26
−4.3%
13 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 14.5% a year over 3 years, FY23 to FY26. Operating margin held at 12.6%.

Year endingFY23FY24FY25FY26
Revenue₹1.4k Cr₹1.6k Cr₹1.9k Cr₹2.0k Cr
Operating profit₹174 Cr₹243 Cr₹251 Cr₹257 Cr
Operating margin12.8%15.0%13.4%12.6%
Interest₹13 Cr₹12 Cr₹13 Cr₹11 Cr
Depreciation₹54 Cr₹61 Cr₹75 Cr₹90 Cr
Net profit₹91 Cr₹141 Cr₹143 Cr₹141 Cr
Net margin6.7%8.7%7.6%6.9%
Cash from operations₹164 Cr₹153 Cr₹161 Cr₹218 Cr
Free cash flow₹56 Cr₹-61 Cr₹-97 Cr₹5 Cr
ROCE21.0%25.0%18.0%14.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹59 Cr₹59 Cr₹59 Cr₹59 Cr₹61 Cr₹61 Cr
Reserves₹372 Cr₹410 Cr₹486 Cr₹604 Cr₹1.2k Cr₹1.2k Cr
Borrowings₹132 Cr₹136 Cr₹127 Cr₹245 Cr₹183 Cr₹191 Cr
Other liabilities₹118 Cr₹117 Cr₹160 Cr₹192 Cr₹271 Cr₹226 Cr
Total liabilities₹681 Cr₹722 Cr₹831 Cr₹1.1k Cr₹1.7k Cr₹1.7k Cr
Fixed assets₹354 Cr₹411 Cr₹426 Cr₹524 Cr₹773 Cr₹931 Cr
Capital work in progress₹55 Cr₹12 Cr₹49 Cr₹94 Cr₹176 Cr₹90 Cr
Investments₹10 Cr₹11 Cr₹11 Cr₹4 Cr₹37 Cr₹7 Cr
Other assets₹261 Cr₹288 Cr₹345 Cr₹478 Cr₹683 Cr₹660 Cr
Total assets₹681 Cr₹722 Cr₹831 Cr₹1.1k Cr₹1.7k Cr₹1.7k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, FIIs trimmed −7.68 pp while DIIs added +5.89 pp. The shareholder count grew 15% to 1,09,010.

Promoters
49.0%
FIIs
8.1%
DIIs
26.0%
Public
16.9%

Since Jun 2025

  • FIIs −7.68 pp
  • DIIs +5.89 pp
  • Public +1.79 pp

How it drifted, 12 quarters

Over this window DIIs went from 18.7% to 26.0% — +7.3 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 51.2%, FIIs 9.1%, DIIs 18.7%, Public 21.0%.Dec '23: Promoters 51.2%, FIIs 9.3%, DIIs 18.0%, Public 21.5%.Mar '24: Promoters 51.2%, FIIs 8.4%, DIIs 21.1%, Public 19.3%.Jun '24: Promoters 51.2%, FIIs 8.2%, DIIs 20.8%, Public 19.8%.Sep '24: Promoters 49.0%, FIIs 13.1%, DIIs 20.9%, Public 16.9%.Dec '24: Promoters 49.0%, FIIs 15.6%, DIIs 19.7%, Public 15.6%.Mar '25: Promoters 49.0%, FIIs 16.0%, DIIs 19.5%, Public 15.4%.Jun '25: Promoters 49.0%, FIIs 15.8%, DIIs 20.1%, Public 15.1%.Sep '25: Promoters 49.0%, FIIs 14.4%, DIIs 22.1%, Public 14.5%.Dec '25: Promoters 49.0%, FIIs 12.8%, DIIs 23.6%, Public 14.6%.Mar '26: Promoters 49.0%, FIIs 10.4%, DIIs 25.2%, Public 15.3%.Jun '26: Promoters 49.0%, FIIs 8.1%, DIIs 26.0%, Public 16.9%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 5 holders trimming and 2 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Mrs Bectors above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Anoop Bector 20.46%unchanged
Anoop Bector (AB Family Trust) 9.77%unchanged
Ishaan Bector (IB Family Trust) 7.76%unchanged
Suvir Bector (SB Family Trust) 7.76%unchanged
Canara Robeco Mutual Fund A/C Canara Robeco Small Cap Fund Mutual fund4.69%+0.21 pp
Axis Mutual Fund Trustee Limited A/C Axis Mutual Fund A/C Axis Small Cap Fund Mutual fund3.29%−0.20 pp
Anoop Bector Huf 3.27%unchanged
Aditya Birla Sun Life Trustee Private Limited A/C Aditya Birla Sun Life Small Cap Fund Mutual fund3.18%−0.06 pp
SBI Multicap Fund Mutual fund2.56%−0.70 pp
Invesco India Esg Integration Strategy Fund Mutual fund2.32%−0.17 pp
Franklin India Small Cap Fund Mutual fund2.19%+1.10 pp
Sundaram Mutual Fund- Sundaram Aggressive Hybrid Fund Mutual fund1.79%newly disclosed

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

What the price assumes

Growth trap

To justify its price of ₹242, this stock must grow earnings at 32% every year for 7 years. Our analysis caps realistic growth at ~16%. At that growth it is worth ₹106 — downside of 56%.

Growth the price implies
32.2% a year
for 7 years, fading to 4%
It has actually compounded at
15.7% a year
net profit, FY23–FY26
The gap
0.2 pp
-56% downside if it only repeats history
Price today ₹242.5 Value at the reference growth ₹105.7

Change the assumptions yourself →

All earnings calls (7)

Read the Q1 FY27 call →

Learn to analyse Mrs Bectors

Guides on how to read this kind of business and the numbers that matter.