Q1 2027 Mrs. Bectors Food Specialities Ltd Earnings Call Transcript
Key Points
- Revenue from operations grew 16% year-on-year to Rs. 548.7 crores, with a 12.9% sequential increase.
- EBITDA grew 23.8% year-on-year to Rs. 72.1 crores, with the EBITDA margin expanding by 80 basis points to 13.1%.
- The bakery business delivered strong growth of 17.5% year-on-year, with the QSR (B2B) segment returning to high double-digit growth.
- The export business recovered decisively, with the US market back on a growth trajectory and new product launches like peanut butter crackers with Walmart.
- Quick commerce channel grew 58% year-on-year, and the new Nature Baked brand has crossed a monthly revenue run rate of Rs. 1 crore.
- The company is targeting an EBITDA margin of 14% by Q4 FY27 and 15-16% by FY30, supported by its 'Project Impact' cost optimization program.
- Input cost inflation, driven by the West Asia conflict, fuel costs, and a minimum wage hike, is expected to have a sharper impact in Q2 FY27.
- Freight and logistics costs have risen further due to vessel availability not yet normalizing after the West Asia disruption.
- Competition in the domestic biscuit market, particularly in North India, remains intense, requiring increased marketing and trade promotion investments.
- The company's other expenses increased due to higher freight, fuel, and marketing investments, which could pressure margins in the near term.
- The domestic biscuit business grew only in high single digits, which is below the company's overall growth rate and its low-teens target for the year.
- The company noted that the full benefit of price increases will only be realized in Q3, meaning Q2 margins may not see significant improvement.
Ladies and gentlemen, good day and welcome to the Mrs. Spector's Food Specialities Limited Q1 FY27 earnings conference call.
(Operator Instructions)
Please note that this conference is recorded. I now hand the conference over to Mr. Anoop Vector, Managing Director and Promoter. Thank you and over to you sir.
Thank you so much and good evening everyone. On behalf of Mrs. Bector Food Specialties Limited, I extend a very warm welcome to all participants on our Quarter 1 Financial Year 2027 earnings call. Joining me on the call today are Mr. Manu Talwar, our Chief Executive Officer, Mr. Shanth Bector, Hold-Time Director, Mr. Suveer Bector, Hold-Time Director. And Mr. Praveen Kumar Goral, full-time Director. I would also like to take a moment to welcome Mr. Anshun Rastogi, who joins us as our Chief Financial Officer. He brings with him extensive experience in finance leadership roles at multinational consumer companies. We also have with us our investor relations advisors from
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