Packaged Foods company Mrs. Bectors Food Specialities announced Q4FY24 & FY24 results:
Q4FY24 Financial Highlights:
- Revenues for Q4FY24 stood at Rs 406.4 crore, reflecting a growth of 17.4% compared to Q4FY23 figure of Rs 346.1 crore.
- Gross Profit in Q4FY24 amounted to Rs 194.0 crore, indicating a notable increase of 24.0% from Q4FY23 value of Rs 156.4 crore.
- EBITDA for Q4FY24 reached Rs 58.6 crore, marking a growth of 21.6% compared to Q4FY23 figure of Rs 48.2 crore.
- Profit After Tax (PAT) in Q4FY24 was Rs 33.6 crore, showcasing a rise of 21.6% from Q4FY23 value of Rs 27.7 crore.
- EBITDA Margins improved to 14.4% in Q4FY24 from 13.9% in Q4FY23.
- PAT Margins also saw an increase, reaching 8.3% in Q4FY24 compared to 8.0% in Q4FY23.
FY24 Financial Highlights:
- Revenues for FY24 surged to Rs 1,623.9 crore, marking a substantial growth of 19.2% from FY23 figure of Rs 1,362.1 crore.
- Gross Profit in FY24 amounted to Rs 757.8 crore, indicating a significant increase of 24.6% from FY23 value of Rs 608.1 crore.
- EBITDA for FY24 reached Rs 242.4 crore, showcasing a remarkable growth of 38.4% compared to FY23 figure of Rs 175.2 crore.
- Profit After Tax (PAT) in FY24 was Rs 140.4 crore, demonstrating a substantial rise of 55.8% from FY23's value of Rs 90.1 crore.
- EBITDA Margins improved to 14.9% in FY24 from 12.9% in FY23.
- PAT Margins also saw a significant increase, reaching 8.6% in FY24 compared to 6.6% in FY23.
Commenting on the Results, Anoop Bector, Managing Director said, “I’m pleased to announce that the company has delivered a remarkable revenue growth of 17.4% and profitability improved by 21.6% to Rs 33.6 crore in Q4 FY24 on a YoY basis. Our branding and marketing initiatives have been well-positioned to create strong brand recognition among customers. We continue to focus on the premiumisation of our products and increasing our footprint in both existing and new territories by enhancing retail touchpoints and expanding our distribution reach.”