© Reuters.
Mrs Bectors Food Specialities Ltd., under the leadership of Anoop Bector, released its second-quarter fiscal year 2024 (Q2FY24) financial results, highlighting significant growth in the biscuit and bakery segments. The company also outlined plans for distribution expansion, primarily in North India.
The company reported a consolidated net profit of Rs 37.28 crore, a substantial increase of 70.15 percent from Rs 21.91 crore recorded in Q2FY23. Total revenue for the quarter climbed to Rs 414.5 crore, marking a 19.3 percent rise from Rs 347.3 crore in Q2FY23.
In the biscuit segment, which includes both domestic and export markets, revenues reached Rs. 259 crores. This figure signifies a robust 25 percent increase from Rs. 206 crores in Q2FY23 and an impressive growth rate of 75.9 percent compared to Q2FY22.
The bakery segment also saw substantial growth with revenues hitting Rs. 140 crores, up by 12 percent from Rs. 125 crores in Q2FY23. Compared to Q2FY22, this segment achieved a growth rate of 69.4 percent.
In terms of earnings before interest, taxes, depreciation, and amortization (EBIDTA), the company reported Rs 64.7 crore for the quarter, up by 45.5 percent with an EBIDTA margin of 15.6 percent and year-on-year growth of 281 basis points.
With these promising results, Mrs Bectors Food Specialities Ltd., continues to demonstrate its resilience and capacity to grow amidst market challenges.
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