Tasty bite eatables Limited announced strong financial results for Q3 FY26, demonstrating robust operational performance across key business segments. The company reported significant quarter-on-quarter growth while maintaining steady year-on-year progress in its strategic initiatives.

Financial Performance Overview

The company delivered impressive quarterly results with substantial improvements in both revenue and profitability metrics. The sequential growth momentum was particularly strong, reflecting effective execution of business strategies.

Business Segment Performance

The company's diversified business portfolio showed mixed but overall positive performance across different segments. The Food Service Business continued its consistent growth trajectory, achieving 16% growth in Q3 FY26 on a year-to-date basis, marking the ninth consecutive quarter of expansion. This growth was primarily driven by the Formed Frozen Products range and continuous expansion into HoReCA Distribution business.

The Export-led Consumer Business remained stable with notable highlights in affiliate markets. The Mars Affiliate Business demonstrated exceptional performance with 128% year-to-date growth, boosted by successful new product launches. However, the overall affiliate business declined by 9% year-to-date, primarily due to macroeconomic factors affecting the consumer business in the US.

Strategic Initiatives and Market Expansion

Tasty Bite Eatables launched its Cheffin brand on Amazon in August 2025, which has shown strong positive trends across all key business KPIs. The company is enhancing its e-commerce capabilities by onboarding new talent and partnering with experienced agency ecosystems to capitalize on the fast-growing quick-commerce platforms opportunity.

The management emphasized gaining valuable customer insights that are helping sharpen the company's strategy for retail business expansion in India. These learnings position the company well for future growth through digital channels and direct-to-consumer initiatives.

Profitability and Operational Efficiency

The company achieved significant improvements in profitability metrics through disciplined cost management and operational efficiencies. EBITDA margin expanded to 15.0% for the nine-month period, representing an improvement of 250 basis points from the previous year. This enhancement was driven by:

• Operational efficiencies and strict control on fixed costs
• Price optimization strategies
• Improved productivity measures
• Lower interest costs

Profit after tax increased substantially to ₹292.94 million for the nine-month period, reflecting 51% year-on-year growth, demonstrating the company's ability to convert revenue growth into bottom-line improvements.

Management Outlook

The Managing Director expressed satisfaction with the company's performance, highlighting steady progress in line with strategic priorities. The management remains confident about long-term potential despite short-term challenges in certain markets, particularly continuing investments in the US consumer business despite macroeconomic headwinds. The company's focus on innovation and new product development is expected to drive future growth across all business segments.

Tasty Bite Eatables has announced the resignation of its Chairman and Non-Executive Independent Director, Mr. Pradeep Poddar, effective March 31, 2026. The company informed BSE and NSE about this leadership change on February 12, 2026, in compliance with SEBI regulations.

Leadership Transition Details

Poddar, who holds Director Identification Number (DIN) 00025199, submitted his resignation letter citing his decision to retire after completing three years as Chairman. He was originally appointed to the position on December 20, 2022.

Resignation Rationale

In his resignation letter addressed to President Mars Food & Nutrition Shaid Shah and the Board of Directors, Poddar stated that his decision was based on completing three years in the Chairman role. He confirmed that there are no other material reasons for his resignation beyond those mentioned.

Committee Responsibilities

As part of his resignation, Poddar will also step down as Chairperson and member from all committees of the company. This represents a complete departure from his leadership roles within Tasty Bite Eatables' governance structure.

Regulatory Compliance

The announcement was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided all required details under SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

Acknowledgment and Next Steps

Poddar expressed gratitude to the Board members and company employees for their support during his tenure. He confirmed having no claims against the company or its officers and employees, waiving any potential claims related to the termination of his office. The company will file necessary forms and intimations with the Ministry of Corporate Affairs and other concerned regulators as required.