Mrs. Bectors Food Specialities stock gave 29.4% returns in last one year: Here’s why analysts are betting on further growth
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Also, higher costs affected the EBITDA margins, which contracted 179 basis points year-on-year. The management aims to arrest margin contraction through price hikes and cost-efficiency plans. The company offers a diversified product portfolio that includes biscuits and breads and exports to over 70 countries. It is a beneficiary of the buoyant growth prospects of the biscuits and bakery segments. Increasing health consciousness, urbanisation, product development and increasing disposable income are the key growth drivers. Despite the increase in per capita consumption of biscuits in India in the last five years, it still lags developed economies such as the US, the UK and countries such as China and Sri Lanka.
The introduction of new products and growth in the QSR market are some of the factors that are driving the growth of the bakery segment. The company’s 2023-24 annual report expects India’s biscuits market to grow at a CAGR of 4.13% between 2023-2029, whereas India’s breads and buns retail market is expected to grow at 11% CAGR between 2025 and 2029.
The company is following a multilayered strategy for sustaining its growth momentum. An increasing share of premium products, omni-channel approach by presence across retail, modern trade and e-commerce, expansion through an increase in sales force, premiumisation, distribution expansion and
