Mrs. Bectors Food Specialities Limited (BECTORFOOD) share price
₹205.64 on NSE as of 2026-10-08. -2.57% on the day. market cap ₹6,313 Cr. P/E 21.4. 52-week range ₹167.16 to ₹276.62. Fast Moving Consumer Goods.
What the company does
Incorporated in 1995, MBFSL manufactures biscuits and bakery products that are marketed under Mrs. Bector’s Cremica and Mrs. Bector’s English Oven brands, respectively. MBFSL has manufacturing units at six locations, namely Phillaur (Punjab), Tahliwal (Himachal Pradesh) , Rajpura (Punjab), Greater Noida (Uttar Pradesh) , Mumbai (Maharashtra), and Bengaluru (Karnataka). The company operates in the consumer segment through its network of distributors and retailers, besides supplying to export markets and catering to institutional customers. MBFSL was originally established as a joint venture with Quaker Oats for supplying condiments such as ketchup and sauces to McDonalds. The JV partner withdrew in 1999 and in 2007, the biscuits and bakery business es were transferred to MBFSL through a slump sale. During 2013 -2014, the company, pursuant to a business reorganisation scheme, demerged its food supplements (sauces, spreads, and namkeen) division to a separate company named Cremica Food Industries Limite d. In December 2020, the company got listed on the Bombay Stock Exchange and the National Stock Exchange.
Filed by ICRA, page 5.
Mrs Bectors Food Specialities Q1 FY27: Revenue ₹507 Cr, 534 SKUs, and a Ninth Factory
At a glance
Mrs. Bectors Food Specialities bakes biscuits and bread, and sells them under two brands. Sales in the three months to June 2026 came to ₹507 crore. Operating profit for the quarter was ₹64 crore, and net profit ₹35 crore. All three figures are the highest the company has reported in any quarter. Sales were 15.7% above the same quarter last year and 12.8% above the March quarter. Net profit was 41.8% higher than in the same quarter of the previous year.
The range runs to 384 separate biscuit products and 150 bakery ones. That is 534 distinct baked objects, roughly one for every day of the year with a buffer for emergencies. Nine plants across eight states do the baking. Bakery units at Kolkata and Khopoli were commissioned in the three months to March 2026. A biscuit plant at Dhar, in Madhya Pradesh, started in May 2025.
The board approved the quarter's numbers and then carried on working. Anshul Rastogi was appointed Chief Financial Officer with effect from 7 August 2026. Parveen Kumar Goel moved from Whole-time Director and Chief Financial Officer to Whole-time Director. Boards generally prefer one dramatic act per meeting. This one did results, a finance handover and an annual meeting date between 12:00 and 13:30 India time.
ICRA, a credit-rating agency, reaffirmed its AA (Stable) and A1+ ratings on 10 March 2026. Those ratings cover ₹297.5 crore of bank facilities. For the full year to March 2026, sales at the parent company alone were ₹1,899 crore, with net profit of ₹119 crore.
Introduction
Mrs. Bectors Food Specialities Ltd was incorporated in 1995 and makes biscuits and bakery products. ICRA, a credit-rating agency, records that the company was founded by Mrs. Rajni Bector. It says Mr. Anoop Bector leads it now, and that the promoters carry more than three decades of experience in the biscuits and bakery industry.
Two brands carry the whole enterprise. Cremica does biscuits, cookies, crackers and baked snacks. English Oven does breads, buns, pizza bases and pavs, along with kulchas and gourmet bakery items. One brand name sounds like a dessert and the other like a small appliance. Between them they cover most of what an Indian kitchen shelf holds.
The expansion record is a list of dates rather than a strategy deck. Two biscuit lines were commissioned at Rajpura in the year to March 2024, and two more in the six months to September 2024. Bhiwadi came in the year to March 2024, and Dhar in the three months to June 2025. The Kolkata and Khopoli bakery units followed in the three months to March 2026. Installed biscuit capacity was 65,400 tonnes in the year to March 2018, and 1,85,880 tonnes in the year to March 2026 — the sort of chart a factory sets as its screensaver. Bakery capacity stands at 1,07,467 tonnes. Another 8,541 tonnes is planned, which would take it to 1,16,008 tonnes.
In September 2024 the company placed 25,80,645 new shares with institutions. ICRA puts the money raised at ₹400 crore, applied to prepaying debt and part-funding new capacity. In September 2025 shareholders approved splitting each ₹10 share into five ₹2 shares. The record date for that was 12 December 2025. Interim and final dividends of ₹3 per share each were approved alongside it.
Management's stated position on the year to March 2026 is that it remained challenging. It names tariff uncertainty, GST 2.0 disruption and the West Asia conflict as pressures on the biscuits business. Management says it answered with calibrated price rises and cost-efficiency measures, under a programme called Project IMPACT. The name was presumably settled on after Project SYNERGY had gone. The shares have been listed on the BSE and the NSE since December 2020.
Business model
The company bakes at volume, then moves the output to a great many shops before the bread notices.
The biscuit half is Cremica, and its range is a tour of Indian snack taxonomy. Coo-Coo Cookies come in butter, coconut, cashew and choco-chip. The Fit Biscuits cover digestive and fibre-rich variants. The Cream Connection runs through vanilla, chocolate, strawberry and orange. Crave A Crunch crackers come in jeera, ajwain, kalonji and pizza. Somewhere in a Punjab test kitchen, a whole career rests on whether kalonji beats ajwain. An export range adds cream biscuits, cookies, crackers and digestives, with wafers and bakery products built for foreign palates.
The bakery half is English Oven: breads, buns, pizza bases and pavs, plus kulchas and gourmet items. The buyers are households, cafés, restaurants and quick-service chains. Bread keeps for days and has to be delivered daily. A product like that is baked close to the shops that sell it, rather than where land costs little. The plant map reads Greater Noida, Bhiwadi, Bengaluru and Rajpura, with Kolkata and Khopoli added.
In the year to March 2026, biscuits were about 60% of revenue and breads about 38%. Contract manufacturing, meaning baking under somebody else's brand, made up the remaining 2%. That last slice is the corporate equivalent of a hobby kept on a curriculum vitae.
The third channel is institutional. The company describes itself as a preferred supplier to major quick-service chains, cloud kitchens and multiplexes. It names McDonald's, Domino's, KFC and Subway as partners for their bakery needs. Exports reach more than 70 countries, across America, Europe, Africa and the Middle East and North Africa. A subsidiary in the United Arab Emirates serves part of that trade, and supply to Walmart is included.
Distribution runs across traditional retail, modern trade, e-commerce and quick commerce. Quick commerce accounts for over 25% of English Oven sales. The Cremica Preferred Outlets programme grew from 4,500 outlets to 7,000 during the year to March 2025. A further rise of 30% is targeted for the year to March 2026. Reported reach is 7,00,000 retail outlets, served through 1,250 distributors. Capacity use in biscuits averaged 60% in the year to March 2026, peaking at 69%. Bakery lines averaged 75%, with a peak of 82%.
Quarterly results, balance sheet, cash flow, ratios, shareholding and the filings themselves are on the full page for Mrs. Bectors Food Specialities Limited.
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