Mrs. Bectors Food Specialities stock gave 29.4% returns in last one year: Here’s why analysts are betting on further growth Bectors Food Specialities is a beneficiary of the buoyant growth prospects of the biscuits and bakery segments. Increasing health consciousness, urbanisation, product development and increasing disposable income are the key growth drivers
Manufacturer of biscuits and bakery products Mrs. Bectors Food Specialities reported a 15% year-on-year revenue growth in the December 2024 quarter and met estimates of analysts compiled by Reuters-Refinitiv. The bakery segment in both B2C and institutional businesses largely drove the performance. On the other hand, the biscuits segment reported good performance in the export business. However, domestic business continues to face challenges due to the higher competitive intensity.#sr_widget.onDemand p, #stock_pro.onDemand p{font-size: 14px;line-height: 1.28;} .onDemand .live_stock{left:17px;padding:1px 3px 1px 5px;font-size:12px;font-weight:600;line-height:18px;top:9px} #sr_widget.onDemand .sr_desc{margin:0 auto 0;} #sr_widget.onDemand .sr_desc{color: #024d99;margin-top:10px;} #sr_widget.onDemand .crypto .live_stock .lb-icon{8px 6px 5px 3px !important} #sr_widget.crypto.onDemand a.text{border-bottom:1px solid #ccc;padding-bottom:5px;display:block;width:100%} #sr_widget.onDemand .sr_desc .text p, #stock_pro.onDemand .sr_desc .text p{font-size:12px;font-weight:400;}
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Also, higher costs affected the EBITDA margins, which contracted 179 basis points year-on-year. The management aims to arrest margin contraction through price hikes and cost-efficiency plans. The company offers a diversified product portfolio that includes biscuits and breads and exports to over 70 countries. It is a beneficiary of the buoyant growth prospects of the biscuits and bakery segments. Increasing health consciousness, urbanisation, product development and increasing disposable income are the key growth drivers. Despite the increase in per capita consumption of biscuits in India in the last five years, it still lags developed economies such as the US, the UK and countries such as China and Sri Lanka.
The introduction of new products and growth in the QSR market are some of the factors that are driving the growth of the bakery segment. The company’s 2023-24 annual report expects India’s biscuits market to grow at a CAGR of 4.13% between 2023-2029, whereas India’s breads and buns retail market is expected to grow at 11% CAGR between 2025 and 2029.
The company is following a multilayered strategy for sustaining its growth momentum. An increasing share of premium products, omni-channel approach by presence across retail, modern trade and e-commerce, expansion through an increase in sales force, premiumisation, distribution expansion and strong relationship with leading QSRs, multiplex chains and cloud kitchens are some of the growth initiatives undertaken by the management.
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In addition, there is a strong focus on cost transformation to enhance operational efficiency and cost reduction. It has launched Project IMPACT 1.0, which focuses on optimising costs across manufacturing, procurement, packaging, logistics and sales and distribution. The expansion plans are on track, which are expected to strengthen its supply chain. The biscuits plant at Dhar (MP) and the new bakery plant at Khopoli (Maharashtra) and Kolkata are expected to be commissioned in 2025-26. The stock has corrected by over 36% since September last year, which has made valuations attractive. Despite such a substantial correction, the stock has significantly outperformed the market benchmark in the last one year with 29.4% returns compared to BSE Sensex with 3.7% returns.
Selection methodology: We pick the stock that has shown the maximum increase in ‘consensus analyst rating’ during the past three months. The consensus rating is arrived at by averaging all analyst recommendations after attributing weights to each of them (1 for strong buy, 2 for buy, 3 for hold, 4 for sell, 5 for strong sell). An improvement in consensus analyst rating indicates that the analysts are getting bullish on the stock. Only stocks with more than five analysts covering them are considered. You can see similar consensus analyst rating changes during the past week in ETW 50 table.
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This story originally appeared on: India Times - Author:Faqs of Insurances
