This is a brief review of the fourth quarter results of Mrs Bectors Food Specialities Limited.
The fourth quarter consolidated revenues grew by 37.2% y-o-y but declined 5.9% q-o-q. Biscuit segment grew 42% y-o-y and bakery segment achieved a 34% growth during the same period.
At 13.9%, Company continued to meet its target EBITDA range of 13 to 14%. The margin was same as that in Q3 but grew 380 bps y-o-y. Since the commodity prices settled during the quarter the Company didn’t see a need to take any pricing action. Management is confident of maintaining these margins in the near term and improving in mid to long term. Continue to watch the video for further details.
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