Tasty Bite Eatables Limited (TBEL) has announced its financial results for the quarter and half-year ended September 2025, showcasing resilience in a challenging macroeconomic environment. The company reported a 5% year-on-year revenue growth to ₹2,637.97 million for H1 FY2026, coupled with a significant 85% increase in profit after tax.

Financial Highlights

Business Segment Performance

The company's performance across different business segments showed mixed results:

1. Non-PBI Affiliate Business: Experienced robust growth of 145%, driven by successful new product launches.
2. PBI (Primary Brand Identity) Business: Faced a temporary setback with a 14% decline, attributed to macroeconomic challenges in the US market.
3. Food Service Business: Continued its strong performance with a 16% growth in H1, marking the 8th consecutive quarter of growth. This segment reached ₹963 million, propelled by the Formed Frozen Products range and expansion into HoReCa (Hotel/Restaurant/Café) distribution.

Operational Highlights

• Profitability Improvement: EBITDA margin expanded to 13.0%, up 220 basis points year-on-year, driven by pricing strategies and operational efficiencies.
• Product Launch: Successfully introduced 'Cheffin' on Amazon and Amazon Fresh in August 2025, marking a significant milestone in TBEL's B2C digital journey.
• Strategic Focus: The company plans to prioritize hero SKUs such as Butter Chicken, Shahi Paneer, and Dal Makhani, which have shown strong consumer traction.
• Digital and Distribution Strategy: TBEL is accelerating its e-commerce capabilities, focusing on search-led campaigns, and expanding its presence on Quick Commerce platforms to enhance customer convenience.

Management Commentary

The Managing Director of Tasty Bite Eatables Limited expressed satisfaction with the company's performance, stating, "Our performance for the first half of FY 2026 reflects steady progress in line with our strategic priorities." The company remains confident in the long-term potential of its PBI business despite current challenges and is committed to its growth strategy in the Food Service Business.

Looking Ahead

Tasty Bite Eatables Limited aims to continue its focus on portfolio optimization, cost management, and value leadership initiatives. The company's strategic priorities include enhancing its digital presence, expanding distribution channels, and maintaining a strong emphasis on product quality and innovation.

As the company navigates through macroeconomic challenges, particularly in the US market, it remains optimistic about its diversified business model and the growth potential in both domestic and international markets.

Note: This article contains forward-looking statements based on current expectations and projections about future events. These statements are subject to risks, uncertainties, and assumptions that could cause actual results to differ materially from those anticipated or implied.

Tasty Bite Eatables , a prominent player in the Indian food industry, has announced its unaudited financial results for the quarter and half year ended September 30, along with key corporate developments and detailed postal ballot results.

Financial Performance Overview

The company's financial results show a significant year-over-year decline across all key metrics. Revenue dropped by 16.67% to ₹1.30 billion from ₹1.56 billion in the same quarter last year. EBITDA fell by 61.23% to ₹88.00 million from ₹227.00 million, while EBITDA margin decreased to 6.62% from 14.51%. Net profit declined by 64.36% to ₹36.00 million from ₹101.00 million in the corresponding period.

Corporate Developments

In addition to the financial results, Tasty Bite Eatables has made several corporate announcements. The company's Board of Directors met on November 10 to approve the unaudited financial results for the quarter and half-year ended September 30. Key appointments include Mr. Hans Bakker as a Non-Executive Non-Independent Director and KPMG Assurance and Consulting Services LLP as the company's internal auditor. The financial results were reviewed by the company's auditors, Kalyaniwalla & Mistry LLP, who issued an unmodified review report.

Postal Ballot Results and Official Declaration

The company declared postal ballot results on December 27, with overwhelming shareholder approval for key resolutions. The e-voting process commenced on November 26 and concluded on December 25. Company Secretary Vimal Tank officially communicated the results to BSE Limited and National Stock Exchange of India under Regulation 44 of the SEBI (LODR) Regulations, 2015.

Resolution Voting Breakdown

Two major resolutions were passed with significant majority support, both receiving 99.99% approval from shareholders.

Resolution 1: Appointment of Mr. Hans Bakker

The ordinary resolution for appointing Mr. Hans Bakker (DIN: 11382557) as Non-Executive, Non-Independent Director received overwhelming support. The detailed voting breakdown shows strong participation from the promoter group with 1,904,510 votes in favor, while public institutions contributed 93,260 votes and public non-institutions added 497 votes in favor, with only 2 votes against the resolution.

Resolution 2: Remuneration Approval for Ms. Rama Kannan

The special resolution approving remuneration for Ms. Rama Kannan (DIN: 08005849) as Non-executive, Independent Director received identical support with the same voting pattern and overwhelming approval from all shareholder categories.

Business Operations

Tasty Bite Eatables primarily operates in the prepared foods segment, manufacturing and selling prepared food products to customers. The company continues to focus on its core business operations despite the challenging quarterly performance.