Tasty Bite Eatables has officially announced the appointment of Tushar Kamlakant Srivastava as Senior Director-TFS (Tasty Bite Food Service), effective March 09, 2026. The company has informed stock exchanges about this key leadership addition under SEBI regulations.

Official Appointment Details

The appointment was formally communicated to BSE Limited and National Stock Exchange of India pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notification was signed by Company Secretary Vimal Tank on behalf of the company.

Professional Background and Expertise

Srivastava brings over 28 years of extensive experience in the Consumer Goods and Food industry. His career spans leading global and Indian organizations where he has demonstrated expertise in building and scaling businesses, shaping go-to-market strategies, and driving profitable growth.

Strategic Capabilities

The new Senior Director-TFS is recognized for his structured, data-driven approach and strong expertise across multiple business functions. His experience encompasses strategic planning, P&L management, new business development, and building high-performing teams. Srivastava has demonstrated proficiency across diverse channels including General Trade, Modern Trade, HoReCa, E-commerce, and Institutional segments.

Educational Qualifications

Srivastava holds a Postgraduate degree in Marketing from Bhavan's and has completed the Executive General Management Programme from IIM Bangalore. This educational foundation complements his extensive industry experience and strategic leadership capabilities.

The appointment strengthens Tasty Bite Eatables' leadership team with proven expertise in consumer goods and food service sectors, positioning the company for enhanced growth in its food service division.

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.