Mrs. Bector's Food Specialities Ltd. · NSE:BECTORFOOD
Mrs. Bector's Food Specialities — Q2 FY26 Earnings Presentation
38 slides from Mrs. Bector's Food Specialities's earnings presentation, Nov 13, 2025
Slide 1: Cover letter to stock exchanges
MBFSL/CS/2025-26 13th November, 2025 To, To, Department of Corporate Relations, National Stock Exchange of India Ltd, BSE Limited, Exchange Plaza, C- 1, Block G, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Bandra (East), Dalal Street, Mumbai – 400001 Mumbai– 400051 Scrip Code : 543253 Scrip Sym
Slide 2: The Magic of Baking - Investor Presentation Q2FY26
THE MAGIC OF BAKING INVESTOR PRESENTATION | Q2FY26
Slide 3: Safe Harbor
Safe Harbor This presentation has been prepared by and is the sole responsibility of Mrs. Bectors Food Specialities Limited (the “Company”). By accessing this presentation, you are agreeing to be bound by the trailing restrictions. This presentation does not constitute or form part of any offer or i
Slide 4: Supportive Macro Drivers
Supportive Macro Drivers India’s growth story continues amidst global slowdown. Inflation showing sings of moderation. India’s Real GDP Growth CPI Inflation 7.9 5.5 5.2 7.0 5.0 6.8 6.5 6.5 4.3 4.5 4.0 3.6 3.5 3.3 3.2 3.0 2.8 2.5 2.1 2.1 2.0 1.6 1.5 1.5 1.0 0.5 0.0 FY18 FY19 FY23 FY24 FY25 Dec-24 Jan
Slide 5: India's Growing Middle Class
India’s Growing Middle Class Household (HH) Annual Earning Details (FY) India’s Private Final Consumption Expenditure (In USD trillion) (FY) 19.9% 0.5% 4.0 16.7% 20 100% 5.8% 1.3% 1.8% 3.0% 14.2% 3.5 12.5% 12.0% 15 17.9% 10.0% 10.8% 30.6% 33.5% 8.4% 8.8% 42.0% 3.0 10 8.5% 5 2.5 -1.7% 0 42.5% 2.0 3.7
Slide 6: Mrs Bector Foods: At a Glance
Mrs Bector Foods: At a Glance I feel blessed and express my gratitude to the Central government for recognising my services. I am feeling honoured and want to thank my family, children, and staff. This is a very proud moment for me and for all at Bectors. I would like to dedicate this award to all w
Slide 7: Large & Diverse Portfolio
Large & Diverse Portfolio DOMESTIC BISCUITS BAKERY Domestic Range Of Cookies, Creams, Digestives, Marie And Crackers Breads, Bakery & Gourmet EXPORTS QSR + B2B Exports Range Of Crackers, Cookies, and Creams Largest and the Most Trusted QSR players The brand names mentioned are the property of their
Slide 8: Performance Update
}}} Performance Update
Slide 9: Consolidated Performance Scorecard – Q2 FY26
Consolidated Performance Scorecard – Q2 FY26 Net Revenue Gross Profit EBITDA ₹ 551.4 Crs ₹ 243.6 Crs ₹ 69.30 Crs Q2 FY26 Q2 FY26 Q2 FY26 + 11.1 % +3.7% -1.7% 12 Months Growth 12 Months Growth 12 Months Growth +33.0% +25.8% +7.2% 24 Months Growth 24 Months Growth 24 Months Growth 8
Slide 10: Consolidated Performance Scorecard – H1 FY26
Consolidated Performance Scorecard – H1 FY26 Net Revenue Gross Profit EBITDA ₹ 1024.4 Crs ₹ 459.4 Crs ₹ 127.5 Crs H1 FY26 H1 FY26 H1 FY26 +9.5% +3.1% -5.2% 12 Months Growth 12 Months Growth 12 Months Growth +29.9% +24.4% +4.0% 24 Months Growth 24 Months Growth 24 Months Growth 9
Slide 11: Consolidated Q2 FY26 Performance Highlights
Consolidated Q2 FY26 Performance Highlights (YoY and 24 months comparison) Revenue from Operations* Segment Wise Revenues (Rs. Crs.) 551 Biscuit Segment Bakery Segment 496 +11% 350 194 415 320 +10% 167 +16% 259 140 Q2FY24 Q2FY25 Q2FY26 Q2FY24 Q2FY25 Q2FY26 Q2FY24 Q2FY25 Q2FY26 Biscuit segment revenu
Slide 12: Consolidated Profit & Loss Statement – Q2 & H1FY26
Consolidated Profit & Loss Statement – Q2 & H1FY26 Profit & Loss Statement (Rs. Crs.) Q2 FY26 Q2 FY25 Y-o-Y Q1 FY26 Q-o-Q H1 FY26 H1 FY25 Y-o-Y Revenue from Operations 551.4 496.3 11.1% 473.0 16.6% 1,024.4 935.7 9.5% Cost of Materials Consumed 296.0 262.6 258.8 554.8 497.9 Purchase of stock-in-trade
Slide 13: Consolidated Balance Sheet as on 30th Sep 2025
Consolidated Balance Sheet as on 30th Sep 2025 EQUITY AND LIABILITIES (Rs. Crs.) 30-Sep-25 31-Mar-25 ASSETS (Rs. Crs.) 30-Sep-25 31-Mar-25 Equity Non-current assets Equity share capital 61.3 61.3 Property, plant and equipment 691.9 550.4 Other equity 1,153.8 1,104.4 Right-of-use assets 71.3 63.3 Tot
Slide 14: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Cash Flow Statement (Rs. Crs.) Sept-25 Sept-24 Cash Flow from Operating Activities Profit before Tax 90.2 100 Adjustment for Non- Operating Items 44.2 39.8 Operating Profit before Working Capital Changes 134.3 139.9 Movement in working capital: -4.3 -50.7 Cash Genera
Slide 15: Outlook & Approach
Mis. Beclor’s QD @ Outlook & Approach
Slide 16: Immense Industry Potential in the Biscuit Market
Immense Industry Potential in the Biscuit Market Growth in Biscuit Market (Rs. Bn.) Low per capita spending on biscuits 4,333 “Per capita consumption of biscuits in India +10% 903 is low as compared to the key developed 2,972 economies +9% However, factors like increasing disposable 551 2,209 363 86
Slide 17: Growth Potential in Bread & Bakery Business
Growth Potential in Bread & Bakery Business Indian Breads & Buns Market (Rs. Bn.) Chain QSR Market (Rs. Bn.) o Indian breads and buns retail market in India was valued at INR 62 billion in FY 24, growing at a CAGR of 6% from INR 47 billion in FY 19 o The market is further projected to grow at a CAGR
Slide 18: Our Approach
Our Approach Growth Augmenting Distribution (B2C and B2B) Strategy Robust Supply Chain & Manufacturing • Omni Channel Approach – Available on all touch points – Retail, MT, Ecommerce • Automation from front-end to back-end to enable real time analysis and decision making • Cremica Preferred Outlets
Slide 19: Cremica Brand footprint in 70+ Countries
Cremica Brand footprint in 70+ Countries Association with Walmart - Part of Walmart's commitment to source $10 bn in goods from India TRUST QUALITY COMMITMENT Bouquet of unique international offerings 70+ Dedicated subsidiary setup in the UAE to cater to MENA and African markets; Overall number of p
Slide 20: Preferred Supplier to Largest QSR Franchises in India
Preferred Supplier to Largest QSR Franchises in India Company is a leading player in the institutional bakery segment Key Success Factors Stringent quality control and Dedicated lines for manufacturing Industry best practices such as use of Innovative lines for manufacturing compliance with standard
Slide 21: Innovations ~ Health & Kids
Innovations ~ Health & Kids NaturBaked ~Extended to Mumbai Zero Maida Pav - Range Extension Animal Shaped Cracker Biscuits MRP Rs 150/- for 283gms and Bengaluru Post Launch ~Sampling Cremica Coconut “Zero Maida” “Teddies” ` New Launch through Mygate Rs 20/- for 100gms ~ Alphabets & Numbers No Maida,
Slide 22: Upgrading Consumer Experience -New Introductions/Scale Up
Upgrading Consumer Experience -New Introductions/Scale Up CREMICA ENGLISH OVEN Cremica Shortbread Non Stop Mini Crackers RTE Dessert Launch, Quick Marketing Activities MRP Rs 60/- for 102gms MRP Rs 60/- for Pack of 6 Commerce ~Delhi NCR Digital Influencer 25% Butter, No Palm Oil Baked Not Fried Sele
Slide 23: Building the Core - Marketing Initiatives
Building the Core - Marketing Initiatives Outdoor Campaign in Punjab Enhancing Reach thru TV + Digital Punjab Focussed Collaboration with The Lallantop ~Leading Current Affairs Digital Channel 2.7Crs Views achieved across key markets of Delhi, UP, Punjab, Rajasthan 22
Slide 24: Building the Core - Marketing Initiatives
Building the Core - Marketing Initiatives Digital Outreach for New Products GST Benefit Communication 23
Slide 25: Automated state of art manufacturing units
Automated state of art manufacturing units o Equipped with advanced modern technology and automated systems o Invested Rs. 716+ crores between FY21 to FY25 to build capacities with superior capabilities o Sourced best in class equipment from Denmark, Germany, US and Italy o Plants are equipped with
Slide 26: Expansion Projects
Expansion Projects Additions in Rajpura (Punjab) o 2 Biscuit lines have been commissioned in Rajpura in FY23-24 o 2 more lines have been commissioned 01 in Rajpura in H1’24-25 Addition in Bakery Business o Bhiwadi plant has been commissioned in FY23-24 02 o The company will be initiating Biscuit Lin
Slide 27: Future Ready Production | Capacity Utilization
Future Ready Production | Capacity Utilization Biscuits Bakery (Metric Tonnes) (Metric Tonnes) Tahliwal, Himachal Current Capacity 1,85,880 91,267 Phillaur, Punjab Rajpura, Punjab Greater Noida, UP Additional Planned 0 24,741 Bhiwadi, Rajasthan Total 1,85,880 1,16,008 Dhar, MP Kolkata, West Bengal C
Slide 28: Project Impact 1.0 (Initiatives For Mrs. Bectors' Cost Transformation)
Project Impact 1.0 (Initiatives For Mrs. Bectors' Cost Transformation) We have launched Project IMPACT 1.0, embarking on a cost transformation journey that began in Q1 FY25 and will continue Key Enablers Procurement & Packaging Logistics • Strategic sourcing for raw materials Commercial • Optimizing
Slide 29: 'Goodness Together' - Building Communities around us
‘Goodness Together’ - Building Communities around us Under “Goodness Together”, we continuously look for every opportunity to develop the community around us School Infrastructure 90+ Mobile Health Camps Hospital Infra Development Women’s Health & Hygiene Facility for Technical Skills Development Po
Slide 30: Historical Financials
}}} Historical Financials
Slide 31: Consolidated Segment Performance Highlights
Consolidated Segment Performance Highlights Revenue from Operations* Segment Wise Revenues (Rs. Crs.) 1,874 Biscuit Segment Bakery Segment 1,157 675 +15.4% 1,624 +17% +18% 990 573 1,362 487 807 988 592 339 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 Biscuit Segment includes Domestic,
Slide 32: Consolidated Performance Highlights
Consolidated Performance Highlights Revenue (Rs. Crs.) EBITDA (Rs. Crs.) PAT (Rs. Crs.) 1,874 242 252 140 143 1,624 1,362 175 90 988 123 57 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 Gross Profit Margins EBITDA Margins PAT Margins 44.6% 46.7% 46.2% 14.9% 8.6% 44.2% 13.4% 12.4% 12.9%
Slide 33: Consolidated Performance Highlights
Consolidated Performance Highlights Debt to Equity Working Capital (in Days) Inventory Debtors Creditors 0.3 Working Capital (in Days) 0.3 0.2 0.1 42 25 29 38 52 50 Mar-22 Mar-23 Mar-24 Mar-25 44 45 38 39 38 38 Cash Flow from Operations (Rs. Crs.) 30 28 164 162 26 153 24 84 FY22 FY23 FY24 FY25 Mar-2
Slide 34: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Profit & Loss Statement (Rs. Crs.) FY25 FY24 FY23 FY22 Revenue from Operations 1,873.9 1,623.9 1,362.1 988.2 Cost of Materials Consumed 982.9 833.6 737.7 536.0 Purchase of stock-in-trade 38.9 40.6 23.8 15.6 Changes in Inventories of Finished Goods and Work in Pro
Slide 35: Consolidated Historical Balance Sheet
Consolidated Historical Balance Sheet EQUITY AND LIABILITIES (Rs. Crs.) 31-Mar-25 31-Mar-24 31-Mar-23 31-Mar-22 Equity Equity share capital 61.3 58.8 58.8 58.8 Other equity 1,104.4 604.1 485.5 410.2 Total equity 1,165.8 662.9 544.3 469.0 Non-current liabilities Financial liabilities (i) Borrowings 6
Slide 36: Consolidated Historical Balance Sheet
Consolidated Historical Balance Sheet ASSETS (Rs. Crs.) 31-Mar-25 31-Mar-24 31-Mar-23 31-Mar-22 Non-current assets Property, plant and equipment 550.4 491.6 407.6 391.4 Right-of-use assets 63.3 31.9 18.2 19.2 Capital work-in-progress 237.0 94.4 48.7 11.9 Goodwill 0.4 0.4 0.4 0.4 Other intangible ass
Slide 37: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Cash Flow Statement (Rs. Crs.) Mar-25 Mar-24 Mar-23 Mar-22 Cash Flow from Operating Activities Profit before Tax 191.8 188.3 120.7 75.7 Adjustment for non-operating items 72.8 61.4 61.3 46.5 Operating Profit before Working Capital Changes 264.6 249.7 182.0 122.2 Chan
Slide 38: Company contact details
Company CIN: L74899PB1995PLC033417 Company MUFG Intime India Private Limited A part of MUFG Corporate Markets, a division of MUFG Pension & Market Services Mr. Parth Patel parth.patel@in.mpms.mufg.com Ms. Vidhi Vasa vidhi.vasa@in.mpms.mufg.com parth.patel@in.mpms.mufg.com vidhi.vasa@in.mpms.mufg.com
Mrs. Bectors Food Specialities — Q2 FY26 Earnings Presentation on 6ix