Mrs. Bectors Food Specialities Q2 profit rises 25% to Rs 45.737 crore

Mrs. Bectors Food Specialities Limited reported consolidated profit after tax of Rs 45.737 crore for the quarter ended 30 September 2026, up 25% year on year, while revenue from operations rose 14% to Rs 630.535 crore. The increase in profit exceeded the rise in revenue during the September quarter.

How did Mrs. Bectors Food Specialities perform in Q2 FY27?

Mrs. Bectors Food Specialities reported total income of Rs 639.771 crore in the quarter ended 30 September 2026, compared with Rs 558.019 crore a year earlier. Revenue from operations was Rs 630.535 crore versus Rs 551.417 crore, while other income rose to Rs 9.236 crore from Rs 6.602 crore. Revenue was also higher than Rs 548.746 crore in the quarter ended 30 June 2026.

Profit before tax increased to Rs 61.215 crore from Rs 48.839 crore in the corresponding quarter of the previous year. Current tax was Rs 15.080 crore and deferred tax was Rs 0.398 crore, taking total tax expense to Rs 15.478 crore, against Rs 12.331 crore a year earlier. Profit after tax was Rs 45.737 crore, compared with Rs 36.508 crore in Q2 FY26 and Rs 38.762 crore in the preceding quarter.

Total comprehensive income was Rs 45.812 crore in Q2 FY27, compared with Rs 36.570 crore in Q2 FY26. Basic and diluted earnings per share, which were not annualised, were Rs 1.49, up from Rs 1.19. The company retrospectively restated earnings-per-share figures for all presented periods following a five-for-one share split effective on 12 December 2025.

What changed in Mrs. Bectors Food Specialities' costs and profitability?

Mrs. Bectors Food Specialities' total expenses rose to Rs 578.545 crore in Q2 FY27 from Rs 509.141 crore in Q2 FY26, while total income increased to Rs 639.771 crore from Rs 558.019 crore. Profit before the associate's loss and tax consequently increased to Rs 61.226 crore from Rs 48.878 crore. The share of loss from the associate was Rs 11 lakh, compared with Rs 39 lakh a year earlier.

Cost of materials consumed, the largest expense line, increased to Rs 320.575 crore from Rs 296.014 crore. Employee-benefit expense rose to Rs 83.042 crore from Rs 76.919 crore, depreciation and amortisation increased to Rs 27.228 crore from Rs 23.704 crore, and other expenses rose to Rs 126.026 crore from Rs 97.411 crore.

Purchases of stock-in-trade increased to Rs 17.771 crore from Rs 12.399 crore. Changes in inventories of finished goods, work-in-progress and stock-in-trade were an expense of Rs 58.5 lakh, compared with a credit of Rs 62.3 lakh in Q2 FY26. Finance costs were broadly unchanged at Rs 3.318 crore, against Rs 3.317 crore a year earlier.

What do the first-half results show for Mrs. Bectors Food Specialities?

Mrs. Bectors Food Specialities reported revenue from operations of Rs 1,179.281 crore for the six months ended 30 September 2026, compared with Rs 1,024.380 crore in the prior-year period. Total income rose to Rs 1,197.131 crore from Rs 1,038.421 crore, and profit after tax increased to Rs 84.499 crore from Rs 67.386 crore.

Total expenses for the first half increased to Rs 1,083.912 crore from Rs 948.239 crore. Cost of materials consumed rose to Rs 611.830 crore from Rs 554.791 crore, while other expenses increased to Rs 233.268 crore from Rs 183.566 crore. Finance costs declined to Rs 6.093 crore from Rs 6.399 crore despite the increase in revenue.

Basic and diluted earnings per share for the six-month period were Rs 2.76, compared with Rs 2.20 a year earlier. Total comprehensive income was Rs 84.421 crore, versus Rs 67.415 crore. Mrs. Bectors Food Specialities identifies Food Products as its sole operating segment because the chief operating decision maker reviews performance at the overall group level.

How did Mrs. Bectors Food Specialities' cash flow and working capital move?

Mrs. Bectors Food Specialities generated net operating cash flow of Rs 100.918 crore in the six months ended 30 September 2026, compared with Rs 107.002 crore in the corresponding period. Profit before tax rose to Rs 113.182 crore from Rs 90.171 crore, but working-capital movements included cash use of Rs 27.877 crore for inventories, Rs 34.665 crore for trade receivables and Rs 27.451 crore for loans and other assets.

Trade payables generated Rs 37.474 crore of cash and other liabilities and provisions generated Rs 13.800 crore. Net income tax paid was Rs 24.001 crore, compared with Rs 23.053 crore in the previous first half. Inventories stood at Rs 154.727 crore on 30 September 2026, up from Rs 126.850 crore on 31 March 2026, while trade receivables increased to Rs 203.629 crore from Rs 171.606 crore.

Net cash used in investing activities was Rs 78.620 crore, lower than Rs 133.250 crore in the previous first half. Purchases of property, plant and equipment, including intangible assets and capital advances, were Rs 74.276 crore versus Rs 117.829 crore. Property, plant and equipment increased to Rs 946.648 crore at 30 September 2026 from Rs 855.827 crore at 31 March 2026, while capital work-in-progress declined to Rs 19.216 crore from Rs 89.885 crore.

What does Mrs. Bectors Food Specialities' balance sheet and review report show?

Mrs. Bectors Food Specialities had total assets of Rs 1,865.391 crore at 30 September 2026, compared with Rs 1,687.337 crore at 31 March 2026. Total equity increased to Rs 1,333.559 crore from Rs 1,270.951 crore, while total liabilities rose to Rs 531.832 crore from Rs 416.386 crore. Current liabilities increased to Rs 328.414 crore from Rs 258.266 crore.

Current borrowings rose to Rs 62.021 crore at 30 September from Rs 51.048 crore at 31 March, whereas non-current borrowings declined to Rs 76.631 crore from Rs 80.210 crore. Bank balances other than cash and cash equivalents increased to Rs 227.279 crore from Rs 193.796 crore. Cash and cash equivalents were Rs 36.555 crore at 30 September, down from Rs 37.420 crore at the start of the financial year.

Walker Chandiok & Co LLP issued an unmodified limited-review conclusion on 4 November 2026. The review noted that two subsidiaries had unreviewed interim financial information representing total assets of Rs 24.374 crore and quarterly revenue of Rs 3.184 crore; management stated that this information was not material to the group. The group also includes associate Cremica Agro Foods Limited, which recorded a Rs 11 lakh share of loss for the quarter.

Conclusion

Mrs. Bectors Food Specialities delivered faster profit growth than revenue growth in the quarter ended 30 September 2026, with profit after tax reaching Rs 45.737 crore on revenue from operations of Rs 630.535 crore. First-half profit rose to Rs 84.499 crore, although operating cash flow of Rs 100.918 crore was below the Rs 107.002 crore reported a year earlier as inventories and receivables increased.

The next disclosed items to watch are whether operating cash generation keeps pace with earnings and working-capital movements, and how the increase in property, plant and equipment to Rs 946.648 crore develops. The company reports one Food Products segment, so the filing does not provide a product-level or channel-level revenue and profit breakdown.