Tasty Bite FY26 Net Profit Rises 38% to ₹353.02M; Q4 Revenue Dips YoY
Tasty Bite Eatables reported a strong FY26 with net profit rising 38% to ₹353.02 million and EBITDA growing 20% to ₹843.43 million, though revenue remained flat at ₹5,716.22 million. Q4 results showed a dip in net profit to ₹60.1 million and revenue to ₹1.2 billion YoY, but EBITDA margins expanded to 9.55%. The company turned debt-free and recommended a ₹10 per share dividend, while auditors issued a qualified opinion over unapproved related party transactions.
*this image is generated using AI for illustrative purposes only.
Tasty Bite Eatables reported a net profit of ₹353.02 million for the financial year ended March 31, 2026, representing a 38% increase from the previous year. Revenue from operations for the year stood at ₹5,716.22 million, remaining flat compared to ₹5,730.15 million in FY25. The Board of Directors has recommended a final dividend of ₹10 per equity share, a 100% payout, pending approval at the ensuing Annual General Meeting. The company achieved a significant milestone by fully repaying all borrowings, making it debt-free, while almost doubling its cash position compared to the previous year.
The company's profit before tax for the year rose to ₹475.49 million from ₹343.95 million in FY25. Total expenses for FY26 were reported at ₹5,236.20 million, compared to ₹5,386.20 million in the previous year. Earnings per share (EPS) for the year increased to ₹137.57 from ₹99.80 in the corresponding period last year. EBITDA for the year improved by 20% to ₹843.43 million, with margins expanding by 250 basis points to 14.8%.
Q4 Performance
On a quarterly basis, Tasty Bite's performance showed a mixed picture. Q4 net profit declined to ₹60.1 million from ₹62 million in the same period last year, while Q4 revenue came in at ₹1.2 billion compared to ₹1.34 billion year-on-year. However, Q4 EBITDA improved to ₹112 million from ₹110 million year-on-year, with EBITDA margins expanding to 9.55% from 8.2% in the corresponding period, reflecting improved operational efficiency despite lower revenue.
The following table summarises the key quarterly and annual financial metrics:
| Metric | Q4 Current | Q4 Previous (YoY) |
|---|---|---|
| Net Profit | ₹60.1M | ₹62M |
| Revenue | ₹1.2B | ₹1.34B |
| EBITDA | ₹112M | ₹110M |
| EBITDA Margin | 9.55% | 8.20% |
| Financial Metric (INR Million) | Year Ended 31 March 2026 | Year Ended 31 March 2025 |
|---|---|---|
| Revenue from operations | 5,716.22 | 5,730.15 |
| Total income | 5,716.22 | 5,730.15 |
| Total expenses | 5,236.20 | 5,386.20 |
| Profit before tax | 475.49 | 343.95 |
| Net profit | 353.02 | 256.08 |
| Earnings per share (INR) | 137.57 | 99.80 |
Business Performance
Revenue performance was mixed across segments. The PBI US Affiliate business declined by 40% to ₹1,424 million, primarily due to macroeconomic factors and US tariff-related challenges. This was offset by a 148% growth in the Non-PBI Mars Affiliates business, which reached ₹897 million, driven by successful new product launches. The core Food Service business grew by 18% to ₹1,963 million, marking its 10th consecutive quarter of growth. The Premier Foods business maintained steady growth of 6% to ₹1,191 million.
Strategic Initiatives
The company expanded its digital presence by launching Cheffin products on Zepto in March 2026, following the brand's establishment on Amazon in August 2025. Management highlighted that these platforms provide valuable customer insights to refine business strategy. The company focused on building operational capabilities by onboarding digital talent and partnering with specialized marketing agencies to support the growth of its Cheffin (B2C) and Tasty Bite EXCLUSIVE (B2B) brands.
Qualified Auditor Opinion
M/s. Kalyaniwalla & Mistry LLP, the statutory auditors, issued a modified opinion on the annual financial results. The qualification arises because the company did not obtain prior approval of the Audit Committee for related party transactions aggregating to ₹48.92 million with Mars Food UK Limited. Additionally, the company failed to secure prior shareholder approval for material related party transactions that exceeded the threshold specified in Schedule XII of the SEBI Listing Regulations by ₹94.47 million.
The company subsequently initiated a postal ballot on April 4, 2026, to seek post facto shareholder approval for these transactions. However, the resolution did not pass with the requisite majority. The company stated it plans to re-initiate the process to obtain ratification. Pending the final outcome, the auditors noted they are unable to comment on the possible consequential effects arising from these matters.
Historical Stock Returns for Tasty Bite Eatables
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -5.00% | -4.39% | +3.81% | -13.46% | -31.63% | -53.65% |
How does the company plan to utilize its strengthened cash position and debt-free status to drive future growth?
What strategies will be implemented to mitigate the macroeconomic and tariff challenges affecting the PBI US Affiliate business?
Can the 148% growth in the Non-PBI Mars Affiliates segment be sustained through FY27?
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