Share of Mrs Bectors Food Specialities hit an all-time low of Rs 346, down 2 per cent on the BSE in Wednesday’s intra-day trade, extending its 13-per cent fall of the past eight trading days on weak December quarter (Q3FY22) results. In the past month, the stock has fallen 16 per cent compared to a 2.4 per cent decline in the S&P BSE Sensex.

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The company is one of the leading companies in the premium and mid-premium biscuits segment in North India under the brand ‘Cremica’ and a leading premium bakery player in India under the brand ‘English Oven’.

For Q3FY22, Mrs Bectors Food reported a 25 per cent year-on-year (YoY) decline in profit after tax (PAT) at Rs 16 crore due to higher raw material and packaging cost. Revenues grew 17 per cent YoY at Rs 263 crore, on healthy growth by the biscuit segment, which was up 29 per cent YoY. Earnings before interest tax and depreciation and amortisation (EBITDA) margins contracted 500 bps at 12.6 per cent from 17.6 per cent in Q3FY21.