Incorporated in 1995, Mrs. Bectors Food Specialties Ltd is one of the leading companies in the premium bakery segment and premium and mid-premium biscuit segment in North India. The company’s product portfolio mainly consists of two categories of products first is Biscuits (cookies, creams, crackers, digestive, etc.) and second is Bakery products (bread, buns, pizza bases, cakes, etc.).
Mrs. Bectors manufactures and sells biscuits under its brand name “Mrs. Bector’s Cremica” whereas bakery products are manufactured under the brand name of “English Oven” and offered in the premium market segments such as Delhi NCR, Mumbai, and Bengaluru. As of June 30, 2020, its bakery segment has a total of 96 products and the Biscuits segment has a total of 384 items.
All of its products are manufactured in-house across 6 strategically located manufacturing units in 5 different cities i.e. Maharashtra, Karnataka, UP, Himachal Pradesh, and Punjab. The company has a very strong distribution network of 154 super-stockists and 644 distributors supplying products through 458,000 retail outlets and 3,594 preferred outlets. It sells its products to 23 states in India and also exports its products under its own brand name and third-party private labels to 64 countries all over the world.
Strengths of Mrs. Bector’s Food Specialities Limited
Mrs. Bector’s Food Specialities Limited is one of the leading brands in biscuits and bakery businesses in North India
The company is a leading exporter of biscuits from India with approximately 12% share of the Indian biscuit export market in the calendar year 2019.
Mrs. Bector’s has an established presence in the retail and institutional bakery business in India and one of the largest selling premium bakery brands in New Delhi (NCR), Mumbai, and Bengaluru
Modern and automated production processes with a focus on quality control
The continuing effect of the COVID-19 pandemic on its business and operations is highly uncertain and cannot be predicted.
One of the group companies, CAFL, has incurred losses in the Financial Year 2018 and may incur losses in the future
They currently avail benefits under certain export promotion schemes. Any failure in meeting the obligations under such schemes may result in adversely affecting its business operations and financial condition
They have contingent liabilities disclosed and not provided for as on June 30, 2020 and profitability may be adversely affected if any of these contingent liabilities materialize
|Summary of financial Information (Restated Consolidated)|
|Particulars||For the year/period ended ( in million)|
|Profit After Tax||388.83||304.03||331.50||358.93|
Objects of the Issue:
The funds raised through the Mrs. Bectors Food IPO are proposed to be utilized towards the below objects:
- To finance the cost of Rajpura Expansion Project.
- To meet general corporate purposes.