Mrs. Bectors Food Specialities Ltd., a leading packaged foods company known for its biscuits, breads, and bakery products, has announced its financial results for the fourth quarter (Q4FY24) and the full fiscal year 2024 (FY24).
Q4FY24 Financial Highlights:
Revenues: ₹406.4 crore, reflecting a growth of 17.4% compared to Q4FY23.
Gross Profit: ₹194.0 crore, indicating a notable increase of 24.0% from Q4FY23.
EBITDA: ₹58.6 crore, marking a growth of 21.6% compared to Q4FY23.
Profit After Tax (PAT): ₹33.6 crore, showcasing a rise of 21.6% from Q4FY23.
EBITDA Margins: Improved to 14.4% in Q4FY24 from 13.9% in Q4FY23.
FY24 Financial Highlights:
Revenues: ₹1,623.9 crore, marking a substantial growth of 19.2% from FY23.
Gross Profit: ₹757.8 crore, indicating a significant increase of 24.6% from FY23.
EBITDA: ₹242.4 crore, showcasing a remarkable growth of 38.4% compared to FY23.
Profit After Tax (PAT): ₹140.4 crore, demonstrating a substantial rise of 55.8% from FY23.
EBITDA Margins: Improved to 14.9% in FY24 from 12.9% in FY23.
Management Commentary:
Anoop Bector, Managing Director, expressed satisfaction with the company's remarkable revenue growth and improved profitability in Q4 FY24. He highlighted the successful branding and marketing initiatives, focus on product premiumization, and expanding distribution reach as key factors contributing to the positive results.
For further details and analysis, you can refer to the following resources:
ICICI Direct Analysis: https://www.icicidirect.com/research/equity/rapid-results/mrs-bectors-food-specialities-ltd
Mrs. Bectors Food Specialities Ltd. Investor Relations: https://www.bectorfoods.com/investors
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