Inflation and logistics costs weigh on Tasty Bite’s Q1 margin
Management said cost pressures restricted profit growth despite topline performance; Third-Party and Affiliates grew 15% and 46%.
Filed 12 Aug 2026, 17:57 IST · after market close · TASTYBITE (TASTYBITE)
Key takeaways
- Standalone revenue was Rs 155.75 cr, but management said inflation and logistics costs prevented topline growth from translating proportionately into profit.
- Operating margin was 9.49%, while other income of Rs 5.88 cr was material against profit before tax of Rs 11.91 cr.
- The Third-Party Business grew 15% and the Affiliates Business grew 46% in Q1, according to management.
Q1 profit reflected cost pressure and non-operating income
The Q1FY27 figures are standalone. Revenue of Rs 155.75 cr generated operating profit of Rs 14.78 cr and net profit of Rs 8.84 cr, but management said topline growth did not translate proportionately into profit. Other income contributed Rs 5.88 cr against profit before tax of Rs 11.91 cr, making non-operating income a material part of reported pre-tax profit.
Raw materials, logistics and PBI weakness pressured margins
Operating margin was 9.49%, with management attributing pressure to higher raw-material, packaging and logistics costs linked partly to the Middle East crisis. The company also said its PBI business declined significantly because of adverse macroeconomic conditions and US tariff-related challenges. Management said it is addressing these pressures through sourcing initiatives, cost optimisation, operational efficiencies and value-management measures.
Third-Party and Affiliates led the reported business growth
Management said the Third-Party Business grew 15% in Q1, while the Affiliates Business grew 46% year on year. The company said it is investing in the Cheffin business and expanding its HoReCa offering, supported by Food Service and Formed Frozen Products. Management also said Cheffin entered quick commerce through Zepto in March 2026 and that it is evaluating expansion across more e-commerce and quick-commerce platforms.
The filing came after market close
The results were filed at 17:57 IST on 12 August 2026, after market close. The stock’s post-results reaction is therefore not yet available to assess against its prior results history.
Q1FY27 at a glance
Standalone figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹156 cr |
| Other income | ₹6 cr |
| Expenses | ₹141 cr |
| Operating profit | ₹15 cr |
| Operating margin (%) | 9.49% |
| Interest | ₹1 cr |
| Depreciation | ₹8 cr |
| Profit before tax | ₹12 cr |
| Tax | ₹3 cr |
| Net profit | ₹9 cr |
| EPS (₹) | ₹34.45 |
What management said
From the company’s own investor presentation. Each point is checked against the source document before it appears here.
This quarter
- The Third-Party Business grew 15% in Q1.
- The Affiliates Business delivered 46% year-on-year growth in Q1.
Guidance & outlook
- The company will evaluate expanding Cheffin across additional e-commerce and quick-commerce platforms.
Expansion
- Cheffin expanded into quick commerce through Zepto in March 2026.
- The company is investing in expanding its HoReCa business.
- The Food Service portfolio and Formed Frozen Products range are expanding to support the HoReCa business.
New initiatives
- The company is investing in brand building, market development, distribution, digital capabilities and customer acquisition.
- The company is managing cost pressures through cost optimization, sourcing initiatives, operational efficiencies and value management.
- Value Leadership Initiatives and cost-control measures are being implemented across the organization.
Problems & risks
- The PBI business declined significantly due to adverse macroeconomic conditions and US tariff-related challenges.
- The Middle East crisis increased costs across raw and packing materials and logistics.
- Inflationary pressures affected margins and restricted the pace of profit growth despite strong topline performance.
- Topline growth did not translate proportionately into profit growth during the quarter.
What to watch
- Whether operating margin moves from the Q1 level of 9.49% as raw-material, packaging and logistics costs evolve.
- The next reported growth rates for the Third-Party and Affiliates businesses against Q1’s 15% and 46%.
- How Cheffin and the HoReCa expansion are reflected alongside standalone revenue of Rs 155.75 cr.