🧁 At a Glance:
CMP: ₹1,488.80
- ✅ Revenue (FY25): ₹1,401 Cr (↑18.5%)
- ✅ PAT: ₹142 Cr (↑63% YoY)
- ✅ EPS: ₹24.95
- 📦 Final Dividend: ₹2.90/share
- 🏭 Exports up 41% | 🏪 New premium biscuit lines launched
- 💰 EBITDA Margin: 15.9%
- 🧑🍳 This smallcap bakery is cooking up a multibagger recipe — with the right shelf life.
🏢 About the Company
- Mrs. Bectors Food Specialities Ltd is a premium biscuit and bakery player in India, owning brands like Cremica (biscuits) and English Oven (breads).
- Strong presence in North India, now expanding into Metro cities and exports.
- Core product segments:
- Biscuits (Cremica) – domestic + exports
- Breads (English Oven) – urban India
- Cream-filled, cracker, digestive & sandwich cookies
👥 Key Managerial Personnel (KMP)
| Name | Designation |
|---|---|
| Akshay Bector | Managing Director |
| Ashish Kathpal | CFO |
| Puneet Jha | Company Secretary |
📊 FY25 Financials Snapshot
| Metric | FY25 | FY24 | YoY Change |
|---|---|---|---|
| Revenue from Operations | ₹1,401 Cr | ₹1,182 Cr | ⬆️ +18.5% |
| EBITDA | ₹223 Cr | ₹149 Cr | ⬆️ +49.6% |
| EBITDA Margin (%) | 15.9% | 12.6% | 📈 Expansion |
| PAT | ₹142 Cr | ₹87 Cr | ⬆️ +63.2% |
| EPS | ₹24.95 | ₹15.18 | ⬆️ |
📦 Final Dividend: ₹2.90/share (proposed)
🌍 Export vs Domestic Growth
| Segment | FY25 Revenue Share | Growth YoY |
|---|---|---|
| Domestic Biscuits | 49% | Moderate |
| International Biz | 44% | 🔥 +41% YoY |
| Bakery (India) | 7% | Modest |
Exports are the real growth story — demand from Africa, Southeast Asia, and Gulf nations shot up like yeast in summer.
🛠️ Strategic Moves in FY25
- 📦 Launched premium biscuit lines for export and urban retail
- 🏗️ Set up new high-speed production lines for sandwich cream biscuits
- 💼 Increased distribution in West and South India
- 🛒 D2C e-commerce push for English Oven in metros
💸 Balance Sheet Overview
| Item | FY25 |
|---|---|
| Total Assets | ₹902 Cr |
| Net Worth | ₹734 Cr |
| Cash & Equivalents | ₹122 Cr |
| Borrowings | Negligible |
| ROE | ~19% |
Mrs. Bectors is one of the few FMCG companies in India with high margin + debt-free + fast-growing exports.
🧁 EduInvesting Take
This is not your average biscuit company.
Mrs. Bectors is:
- Growing faster than Britannia in premium segments
- Exporting faster than Indian bureaucrats can approve a factory license
- Launching more SKUs than an engineering college cafeteria
Yet — it’s trading at a P/E of ~60. Expensive? Maybe.
But with:
- 15.9% EBITDA margins
- High export push
- Brand stickiness
- Debt-free operations
…it’s the kind of high-quality FMCG business you don’t mind paying a premium for — especially when the premium tastes like digestive cookies with chocolate chips.
🚩 Risks & Watchouts
- Valuation is rich — may limit near-term upside
- Input costs (wheat, sugar) can impact margins
- Domestic biscuit market is ultra-competitive with ITC, Parle, Britannia
- Export growth depends on logistics and FX volatility
📦 Final Dividend & Shareholder Update
- Declared ₹2.90/share final dividend
- Total payout ~₹16.5 Cr
- 3rd consecutive year of rising dividend payout
🧠 Should You Track This Stock?
Absolutely. It’s:
- Debt-free ✅
- Export-oriented ✅
- High margin FMCG ✅
- Brand equity in cremica & English Oven ✅
CMP is ₹1,488.80 — not cheap. But sometimes, good biscuits cost more.
Tags: Mrs Bectors FY25 results, Cremica biscuits, English Oven, BECTORFOOD stock, FMCG exports India, smallcap multibagger biscuits, high margin FMCG, Indian food IPO, biscuit stock FY25 earnings
Author: Prashant Marathe
Date: May 29, 2025
