Revenues increased by 24.4% YoY to Rs 374.2 crore in the first quarter of FY24.

Biscuit segment revenue for Q1 FY24 stood at Rs 223 crore against Rs 178 crore in Q1 FY23, thus registered a growth of 25% compared with Q1 FY23 including domestic & export biscuit segment.

Bakery segment revenue for Q1FY24 stood at Rs 135 crore against Rs 107 crore in Q1 FY23, thus registered a growth of 26% compared to Q1 FY23 including retail bakery and institutional segment.

While EBITDA improved by 85.2% to Rs 57.9 crore, EBITDA margins rose by 509 bps to 15.5% in Q1 FY24 as compared with Q1 FY23.

Anoop Bector, managing director, said: "Company has managed to stay ahead of the curve by continuing to invest in its brands and ensuring strong execution of expansion plan across biscuit and bakery segment.

Domestic business growth is driven majorly by distribution expansion in existing and new markets complimented by marketing campaigns for consumer promotions for both biscuits and bakery businesses.

We continue to build our manufacturing capacities to service our growth. We shall be commissioning our incremental capacities for both biscuits & bakery in Q2 & Q3."

Mrs. Bectors Food Specialities is one of the leading companies in the premium and mid-premium biscuits segment in North India and a leading premium bakery player in India. The company is the preferred supplier to some of the largest QSR franchises, cloud kitchens and multiplexes in India. The company is a leading biscuits exporter to 69 countries across 6 continents.