Tasty Bite Eatables Limited has informed stock exchanges about a key management change, announcing the resignation of Mr. Abhash Nigam from his position as Director of TFS (Tasty Bite Food Service). The company made this disclosure in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Details

The company has accepted Mr. Nigam's resignation, with his departure becoming effective from the close of working hours on December 31, 2025. The resignation was communicated to both BSE Limited and the National Stock Exchange of India Limited as part of the mandatory disclosure requirements.

Regulatory Compliance

Tasty Bite Eatables Limited has fulfilled all regulatory requirements under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided the necessary documentation and details as mandated by Regulation 30 and Part A of Schedule III of the regulations. The disclosure also complies with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

Management Transition

According to the company's filing, Mr. Nigam's departure is attributed to a new professional opportunity. The company has not disclosed any immediate replacement or interim arrangements for the TFS Director position. The resignation letter has been submitted in accordance with clause 7C of Part A of Schedule II of the SEBI regulations.

The announcement was signed by Vimal Tank, Company Secretary & Compliance Officer, ensuring proper authorization and documentation of the management change. This disclosure demonstrates the company's commitment to maintaining transparency with stakeholders and regulatory compliance.

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.