Mrs Bectors Food AGM approves ₹1.30 dividend, reappoints director
- Mrs Bectors Food shareholders approved FY26 results showing 9.1% revenue growth to ₹2,044 crore
- Total dividend payout set at ₹1.30 per share, comprising ₹0.70 final and ₹0.60 interim dividend
- Director Ishaan Bector reappointed with 95.76% support; financial results passed unanimously
- AGM saw 78.21% voter turnout, with promoter participation at 99.98%
- Bakery business drove growth with 14% annual expansion amid margin pressures

*this image is generated using AI for illustrative purposes only.
Mrs Bectors Food shareholders approved the company’s FY26 financial results and declared a final dividend of ₹0.70 per equity share during its 31st Annual General Meeting held on September 18, 2026.
The meeting was conducted via video conferencing in compliance with SEBI and Ministry of Corporate Affairs regulations. Chairman Ashish Agarwal addressed members, highlighting consolidated revenue growth of 9.1% to around ₹2,044 crore for the fiscal year ended March 31, 2026.
Financial Performance
Despite headwinds from global tariffs, GST 2.0 implementation disruptions, and geopolitical tensions affecting exports, the company maintained growth momentum. EBITDA stood at around ₹258 crore, while profit after tax reached approximately ₹141 crore. Management attributed margin pressure to elevated input costs for palm oil, packaging, fuel, and labour, alongside commissioning expenses from expansion programs.
| Metric | FY26 Value |
|---|---|
| Consolidated Revenue | ₹2,044 crore |
| Revenue Growth | 9.1% |
| EBITDA | ₹258 crore |
| Profit After Tax | ₹141 crore |
The bakery business emerged as a key growth driver, delivering 14% annual growth. This performance was supported by premiumisation, stronger retail penetration, and institutional demand. The biscuit business demonstrated resilience despite export disruptions, maintaining leadership in premium segments.
Strategic Initiatives
The company commissioned its Kolkata bakery facility during the year, establishing a significant manufacturing presence in Eastern India. Major expansions also took place at the Khopoli (Mumbai) bakery facility in the fourth quarter. These investments aim to strengthen operating leverage over coming years.
Product innovation included the launch of Protein Bread under the NaturBaked portfolio and Cheesecake Jars under premium offerings. The English Oven brand expanded into Hyderabad, deepening its footprint in key markets.
Corporate Governance and Voting Results
Members reappointed Mr. Ishaan Bector as director following his retirement by rotation. The interim dividend of ₹0.60 per equity share was confirmed, bringing the total dividend payout to ₹1.30 per share for FY26. Statutory auditors Walker Chandiok & Co LLP reported no qualifications or adverse observations in their audit report.
The AGM commenced at 11:02 am and concluded at 12:53 pm. Of the 118,690 shareholders on the record date (September 11, 2026), voting participation stood at 78.21% of outstanding shares. Promoter group participation was near-universal at 99.98%, while public institutional participation was 92.24%.
Three ordinary resolutions were transacted: adoption of standalone and consolidated financial statements, confirmation of dividends, and reappointment of the retiring director. All resolutions passed. The financial statements and dividend declarations received unanimous support, with only 10 votes cast against out of over 240 million polled.
The reappointment of Ishaan Bector saw slightly more dissent, with 95.76% of votes in favour. Public institutional investors accounted for the majority of the opposition, casting 10.17 million votes against (11.46% of their polled votes), although the resolution still passed comfortably.
| Resolution | Votes In Favour | Votes Against | % Support |
|---|---|---|---|
| Adoption of Financial Statements | 240,102,081 | 10 | 100.00% |
| Dividend Declaration | 240,102,081 | 10 | 100.00% |
| Reappointment of Director | 229,932,622 | 10,169,469 | 95.76% |
What the Numbers Show
The divergence between robust revenue growth (9.1%) and the specific mention of profitability pressure suggests that cost inflation outpaced pricing power in certain segments. With EBITDA at ₹258 crore against PAT of ₹141 crore, non-operating expenses and tax provisions accounted for roughly 45% of operating profit, highlighting the impact of interest costs and tax rates on bottom-line retention.
Historical Stock Returns for Mrs. Bectors Food
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.66% | +2.36% | -5.78% | +5.18% | -17.02% | 0.0% |
How will the commissioning of the Kolkata and expanded Khopoli facilities impact Mrs. Bectors' operating leverage and margin recovery in FY27?
What is management's strategy to mitigate the impact of elevated input costs for palm oil and packaging on EBITDA margins in the coming quarters?
Can the 14% growth trajectory of the bakery business be sustained as it scales into new regional markets like Eastern India?


































