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Mrs Bectors Food Specialities: Set to outperform the industry

The capacity expansion plans are on track and will continue to support MBFSL, which is targeting a mid-teen revenue growth over the next few years.

March 14, 2024 / 10:16 AM IST
Mrs Bectors Food Specialities: Set to outperform the industry

MBFSL is a quality FMCG company, poised to outgrow the industry.

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Highlights:

  • Healthy Q3 performance
  • Capacity expansion to drive growth
  • Enhancing distribution reach to gain market share
  • Working on the premium product portfolio

Mrs Bectors Food Specialities (MBFSL; CMP: Rs 999; Market cap: Rs 5,875 crore; Rating: Overweight) is well placed to continue outperforming the FMCG industry growth. By enhancing the distribution reach in existing locations as well as entering new locations, MBFSL is gaining market share in both biscuits and bakery segments. The introduction of new premium products is enabling MBFSL

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