Mrs. Bectors Food Specialities announced Q3FY24 & 9MFY24 results:
Q3FY24 vs Q3FY23:
- Revenues: Rs 428.9 crore, showing a growth of 16.6% compared to Q3FY23.
- Gross Profit: Rs 194.6 crore, increased by 17.8% from Q3FY23.
- Gross Profit Margin: 45.4%, up from 44.9% in Q3FY23.
- EBITDA: Rs 61.2 crore, grew by 19.4% compared to Q3FY23.
- EBITDA Margin: 14.3%, improved from 13.9% in Q3FY23.
- Profit After Tax (PAT): Rs 34.6 crore, showing a significant growth of 24.6% compared to Q3FY23.
- PAT Margin: 8.1%, increased from 7.5% in Q3FY23.
9MFY24 vs 9MFY23:
- Revenues: Rs 1,217.6 crore, increased by 19.8% compared to 9MFY23.
- Gross Profit: Rs 563.8 crore, up by 24.8% from 9MFY23.
- Gross Profit Margin: 46.3%, improved from 44.4% in 9MFY23.
- EBITDA: Rs 183.8 crore, showing a significant growth of 44.8% compared to 9MFY23.
- EBITDA Margin: 15.1%, increased from 12.5% in 9MFY23.
- Profit After Tax (PAT): Rs 106.7 crore, showing a substantial growth of 71.0% compared to 9MFY23.
- PAT Margin: 8.8%, improved from 6.1% in 9MFY23.
Commenting on the Results, Anoop Bector, Managing Director said, “Our investments across different business verticals have reaped benefits for us which is evident from our strong quarterly performance. Our consolidated Q3 revenues increased by 17% and PAT by 25% on YoY basis.
Manufacturing superior and stringent quality products has been our strength and we are pleased to announce that our upcoming state of the art manufacturing facilities at Dhar, MP & Khopoli (Maharashtra) are on track and we have commenced construction of the respective factory buildings as well. Moving forward these incremental capacities complemented with our efforts in establishing robust distribution network over the last few years will help the company to expand our operations into newer markets as well as penetrate the existing markets.
We remain committed to distribution led growth and are confident of achieving our target of 3.2 Lakhs direct distribution reach by the end of FY24."