Mrs. Bectors Food , a leading player in the biscuits and bakery segments, has reported a mixed set of financial results for the second quarter of fiscal year 2026. The company saw robust revenue growth but experienced a decline in profitability.

Revenue Growth Across Segments

For Q2FY26, Mrs. Bector's reported revenue from operations of Rs. 551.40 crores, marking an 11.1% increase compared to the same quarter in the previous year. This growth was driven by strong performances in both the biscuit and bakery segments:

• The biscuit segment generated revenue of Rs. 350.00 crores, representing a 10% year-on-year growth.
• The bakery segment contributed Rs. 194.00 crores, showing an impressive 16% year-on-year growth.

Profitability Challenges

Despite the revenue growth, the company faced some challenges in maintaining its profitability:

• EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) declined by 1.7% to Rs. 69.30 crores.
• Profit for the period decreased by 6.2% to Rs. 36.50 crores.

Half-Year Performance

For the first half of FY26, Mrs. Bector's reported:

• Revenue of Rs. 1,024.40 crores, a 9.5% increase from the previous year.
• EBITDA of Rs. 127.50 crores, representing a 5.2% decline.

Segment-wise Performance

Management Commentary

Mr. Anoop Bector, Managing Director, commented on the results: "The company delivered a resilient 11.1% growth YOY, driven by both business verticals. The bakery segment recorded a 16% year-on-year growth while the biscuits segment grew by 9.6% YOY growth."

He also noted the impact of recent GST reforms: "The domestic business stands to benefit immensely from the GST 2.0 reforms, owing to the tax rate cut from 18% to 5%. However, in the interim, there were challenges due to destocking from the trade in the month of September in anticipation of new MRP and Grammages."

Operational Highlights

• The company operates across domestic biscuits, bakery products, exports, and QSR B2B segments.
• It has manufacturing facilities in multiple states and an export presence in over 70 countries.

Future Outlook

While the company faces short-term challenges in profitability, the management remains optimistic about future growth prospects, particularly given the potential benefits from recent tax reforms. The company's diverse product portfolio and strong presence in both domestic and international markets position it well for future expansion.

Investors and analysts will be watching closely to see how Mrs. Bector's navigates the current market conditions and leverages its strengths to improve profitability in the coming quarters.

Mrs. Bectors Food , a leading player in the food products sector, has reported robust financial results for the second quarter of fiscal year 2026 while efficiently utilizing funds from its Qualified Institutional Placement (QIP).

Q2 FY2026 Financial Highlights

The company's consolidated financial results for the quarter ended September 30, 2025, showcase impressive growth:

Despite a slight dip in profitability, Mrs. Bectors Food has maintained strong top-line growth, with revenue from operations increasing by 11.10% year-over-year.

QIP Fund Utilization

The company has made significant progress in utilizing the funds raised through its QIP in September 2024. Out of the total net proceeds of Rs. 3,886.73 crore, Rs. 3,659.54 crore has been utilized as of September 30, 2025. The utilization is as follows:

1. Repayment of borrowings: Rs. 1,550 crore (100% utilized)
2. Investment in subsidiary for Khopoli Expansion Project: Rs. 1,072.81 crore (82.5% utilized)
3. Madhya Pradesh Project: Rs. 200 crore (100% utilized)
4. General corporate purposes: Rs. 836.73 crore (100% utilized)

The remaining Rs. 227.19 crore, earmarked for the Khopoli Expansion Project, is pending utilization and has been temporarily invested in bank deposits.

Operational Updates

• The company's consolidated total assets stood at Rs. 16,692.64 crore as of September 30, 2025, compared to Rs. 15,658.57 crore at the end of the previous fiscal year.
• Cash and cash equivalents decreased to Rs. 409.89 crore from Rs. 861.59 crore, reflecting the ongoing investments in expansion projects.
• The Board of Directors has recommended a dividend of Rs. 3.00 per fully paid-up equity share, amounting to Rs. 184.19 crore.

Management Commentary

Anoop Bector, Managing Director of Mrs. Bectors Food, stated, "Our Q2 FY2026 results demonstrate the company's resilience and growth potential in the food products sector. The efficient utilization of QIP funds has strengthened our balance sheet and positioned us for future expansion. We remain committed to enhancing shareholder value through strategic investments and operational excellence."

Future Outlook

With the majority of QIP funds deployed and ongoing expansion projects, Mrs. Bectors Food is well-positioned for continued growth. The company's focus on the food products segment and strategic investments in capacity expansion are expected to drive long-term value creation for stakeholders.

Investors and analysts will be watching closely to see how the completion of the Khopoli Expansion Project and other strategic initiatives impact the company's performance in the coming quarters.