In Q4FY21, Mrs Bectors recorded a net profit of Rs12.8cr rising by a whopping 41% yoy to from Rs9.1cr a year ago same period. The company's revenue was at Rs224cr increasing by 15% yoy.
Anoop Bector, Managing Director said, "Overcoming these challenges, the Company recorded a 16% growth in revenues and a stellar 52% and
138% growth in EBITDA and PAT respectively for the full year. This was due to increased volumes for all our products and increase in price realizations too."
Bector added, "While there has been an accelerated increase in the sale of our biscuits and bakery products to our retail customers, the sales of our products to our QSR customers, CSDs and Indian Railway canteens and stores were significantly impacted due to COVID-19 pandemic. During the second half, we have seen improved revenues in these segments too."
Further, Bector said the Company is one of the leading exporters of biscuits from India. Our exports for FY21 grew by 34% to Rs. 225 crores. The Company had shifted focus to developed and emerging markets such as Asia, Australasia, Europe, MENA region and North America to cater to various retailers by introducing a wide range of premium products focusing on generating higher margins.
"The Company had been at the forefront of introducing new and innovative products across different categories. We have seen a change in consumer preferences as CoVID–19 has accelerated the trend of the shift towards trusted and branded packaged foods. The Company is strongly positioned to capitalize on the trend of the shift in consumer tastes and preferences, having a focus on brand development," Bector added.
Going ahead, Bector said, "we believe that with the complement of improving exports, better product mix with high-quality products and increased distribution network should further enhance our revenues.”
The Board of Directors has recommended a Dividend of Rs. 2.4/- per equity share of Face Value of Re. 10/- each (24% of Face Value) for the financial year ended 31st March 2021.
At around 2.22 pm, Mrs Bectors traded at Rs440.10 per piece up by 1.9% on Sensex. The stock has gained by more than 4.5% so far today with an intraday high of Rs451.60 per piece recorded in the early deals.