India's Mrs. Bectors Food jumps on strong Q4 profit

Mrs. Bectors Food Specialities

31/05/2024 09:43

** Shares of Mrs. Bectors Food Specialities  MRSB.NS  up 5%
at 1,285.90 rupees after rising as much as 7.3%
    ** Maker and distributor of food products on Thursday
reported 21.6% Y/Y rise in Q4 consolidated profit while rev from
ops grew 17.4% Y/Y
    ** Revenue from co's biscuit segment and bakery segment grew
18.2% and 18%, respectively during Q4
    ** As part of expansion, MRSB is setting up a new bakery
unit in Kolkata and commissioning new bakery plant in Khopoli in
FY24-25
    ** Trading vol 2.2x 30-day daily avg
    ** Avg rating of 6 analysts equivalent of "strong buy",
median PT is 1,295 rupees - LSEG data
    ** Stock up 14.9% YTD


 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))