Mrs Bectors’ 13.14% margin trails FMCG peer median
Other income of Rs 8.59 cr supported Rs 51.97 cr pre-tax profit; management also flagged Kolkata trial generation for English Oven.
Filed 07 Aug 2026, 13:52 IST · Mrs Bectors Food Specialities Ltd (BECTORFOOD)
Key takeaways
- Consolidated Q1FY27 operating margin was 13.14%, 2.84 percentage points below the 15.98% median for 30 FMCG peers.
- Other income of Rs 8.59 cr supplemented pre-tax profit of Rs 51.97 cr, while the tax rate was 25.41%.
- Depreciation of Rs 25.95 cr was a larger deduction than interest of Rs 2.77 cr between operating profit and pre-tax profit.
Price around the results
Q1FY27 profit bridge
The consolidated quarter produced revenue of Rs 548.75 cr and operating profit of Rs 72.1 cr. Operating profit fell to pre-tax profit of Rs 51.97 cr after depreciation of Rs 25.95 cr and interest of Rs 2.77 cr. Other income of Rs 8.59 cr also supported pre-tax earnings, so net profit of Rs 38.76 cr was not generated solely by operations.
Operating margin below FMCG peer median
The 13.14% operating margin was 2.84 percentage points below the 15.98% median across 30 reported FMCG peers, placing Mrs Bectors 12th from the bottom. The peer gap makes cost discipline the key margin issue to track alongside the company’s expansion and market initiatives.
Capacity additions and market initiatives
The company said the Bhiwadi plant was commissioned in FY23-24 and the Dhar biscuit line in Q1FY25-26, placing both additions within its current manufacturing footprint. Management also said English Oven began trial generation in Kolkata as a new market. The presentation said Cremica conducted digital campaigns, mela activations and wall-painting initiatives.
Q1FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹549 cr |
| Other income | ₹9 cr |
| Expenses | ₹477 cr |
| Operating profit | ₹72 cr |
| Operating margin (%) | 13.14% |
| Interest | ₹3 cr |
| Depreciation | ₹26 cr |
| Profit before tax | ₹52 cr |
| Tax | ₹13 cr |
| Net profit | ₹39 cr |
| EPS (₹) | ₹1.26 |
Operating margin of 13.14% compares with a Fast Moving Consumer Goods sector median of 15.98% across 30 peers that have reported Q1FY27.
What management said
From the company’s own investor presentation. Each point is checked against the source document before it appears here.
Expansion
- The Bhiwadi plant was commissioned in FY23-24.
- The Dhar biscuit line was commissioned in Q1 of FY25-26.
New initiatives
- English Oven initiated trial generation in Kolkata as a new market.
- Cremica conducted digital campaigns, mela activations and wall painting initiatives.
What to watch
- Whether operating margin holds above 13.14%.
- Whether the gap to the 15.98% FMCG peer median narrows from 2.84 percentage points.
- Whether management reports progress beyond English Oven’s Kolkata trial generation.