Mrs. Bectors Food Specialities Ltd

Mrs. Bectors Food Specialities Limited — Trading Window closed from Oct 1, 2026 till end of 48 hours after the declaration of Un-audited Financial Results for the Quarter and Half Year ended Sep 30, 2026

Mrs. Bectors Food Specialities Ltd – Trading Window closed from Oct 1, 2026 until the end of 48 hours after the declaration of unaudited financial results for the quarter and half year ended Sep 30, 2026.

AGM details

• AGM held on 18 Sep 2026 via VC/OAVM; session 11:02 AM to 12:53 PM.
• Record date for voting: 11 Sep 2026; shareholders on record: 118,690.
• Proceedings viewable by shareholders; annual report available on company site.

Key resolutions

• Adopt audited standalone and consolidated financial statements for FY ended 31 Mar 2026.
• Declare interim dividend of Rs 0.60 and final dividend of Rs 0.70 per equity share.
• Re-appoint Ishaan Bector as director, retiring by rotation, eligible for re-appointment.

Voting results

• Resolution 1 passed; overwhelming in-favour with minimal dissent.
• Resolution 2 passed; dividend proposal approved.
• Resolution 3 passed; director re-appointment with some category-level opposition.

Director changes

• Ishaan Bector retires by rotation and is re-appointed.

Auditors

• No auditor changes announced at this AGM.

Material related party transactions

• No material related party transactions disclosed.

Other material approvals

• No additional material approvals reported.

AGM Details

• Date, time, mode: 18 September 2026, 11:00 AM IST, VC/OAVM.
• Remote e-voting: 15–17 September 2026.
• Attendance: 53 members attended; meeting commenced 11:02 AM.

Key Resolutions & Outcomes

• Adopt standalone and consolidated financial statements for FY2026 — passed.
• Declare interim dividend ₹0.60 and final dividend ₹0.70 per share — passed.
• Re-appoint Ishaan Bector as director by rotation — passed.

Director Changes

• Ishaan Bector retires by rotation; re-appointment approved.

Auditor Status

• Statutory Auditors attended; no change in appointment disclosed.

AGM Details

• AGM held on 18 September 2026 at 11:00 AM IST via VC/OAVM.
• Meeting started at 11:02 AM and concluded at 12:53 PM.
• Remote e-voting window ran from 15 September to 17 September 2026.
• Attendance comprised 53 members.

Key Resolutions

• Ordinary: Adopt standalone and consolidated financial statements for FY2026.
• Ordinary: Interim dividend ₹0.60 and final dividend ₹0.70 per share.
• Ordinary: Re-appointment of Ishaan Bector by rotation.

Dividend Details

• Dividend per share: ₹0.60 interim and ₹0.70 final for FY2026.

Director Changes

• Ishaan Bector retires by rotation; re-appointment approved.

Voting Results

• All resolutions passed with requisite majority.

Meeting Details

• Date: September 21, 2026 (Monday).
• Type: Virtual Group Meeting with senior management and Institutional Investor/Analyst.
• Mode: Virtual.
• Organizer: Company-led Analyst / Institutional Investor meeting.

Participants

• Participants: Senior management of the company.

Purpose

• Purpose: Investor interaction with institutional investors and analysts.

Additional Notes

• Investor Presentation uploaded on stock exchanges and the company website.

Financial Performance

• Q1 FY27 revenue mounted to INR 548.7 crores, up 16% YoY.
• QoQ revenue growth was 12.9%.
• EBITDA rose to INR 72.1 crores; margin 13.1%.
• EBITDA margin up 80 basis points QoQ.
• FY26 revenue crossed INR 2,000 crores.
• Gross margin improved, aided by mix and pricing; inflation offset via IMPACT.
• Full-year EBITDA target remains 14% by Q4 FY27.
• Capex guidance for FY27: INR 3,400–3,500 crores; Calcutta spillover ~INR 20 crores.

Operating Update & Segment Trends

• Domestic biscuit growth observed in high single digits; pricing and volume both contributing.
• Bakery EBITDA above company average; Biscuit EBITDA below.
• English Oven and QSR growth strong; Naturbaked crossed INR 1 crore monthly revenue.
• Khopoli plant commissioned March 2026; stabilizing; Kolkata bakery commissioned Q4 FY26.
• Exports delivered high double-digit growth; US market back on growth trajectory; Peanut Butter Cracker launched.
• Juneexport shipments were delayed due to geopolitical tensions; no lasting restocking observed.
• Freight and logistics costs rose; vessel availability not fully normalized.

Capex & Capacity Expansion

• MP plant opened to service exports and domestic; supported by government incentives.
• Total capex for the year ~INR 3,400–3,500 crores; spillover from last year ~INR 20 crores.
• Bangalore capex planned around INR 200 crores; final ordering pending.
• Debt-equity ratio remains healthy; ~60% internally funded, ~40% borrowed.

Guidance & Outlook

• Full-year revenue growth targeted at mid-teens (17–19%).
• Q4 FY27 EBITDA target of about 14%.
• Longer-term aim: EBITDA near 16% by FY2030.
• Brand investments and distribution expansion to drive growth; 40,000 billed outlets target; 400 km focus.

Q&A Takeaways

• Domestic biscuit growth driven by pricing and distribution expansion.
• Exports to maintain momentum; US remains a major market; US tariff disruptions have eased.
• Exports contribute ~35% of top line; contract manufacturing ~1–1.5%.
• North India remains key; English Oven ~80% of its revenue from North India; upcountry expansion ongoing.
• Capex funding mix maintained; 60% internal funds, 40% debt; Bangalore capex ~INR 200 crores.