Anand Rathi initiates coverage on the stock with a Buy and a 12-month target price of Rs 1,875 (48 times FY27e EPS), implying 26% potential.
NDTV Profit's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Anand Rathi Report
One of the leaders in premium and mid-premium biscuits (a 5% share in North India), and other bakery items mainly in north India, Mrs Bectors Food Specialties Ltd. manufactures and markets biscuits under its flagship brand ‘Mrs Bector's Cremica' and bakery items under ‘English Oven'.
Its diverse mix of biscuits (~61% of revenue), bakery (~35%), domestic (61%), exports (31%), B2B and B2C makes it a wholesome play.
Its gradual expansion into the South and West presents attractive growth opportunities in the medium to long term.
We initiate coverage on the stock with a Buy and a 12-month target price of Rs 1,875 (48 times FY27e EPS), implying 26% potential.
Key risks:
Failed launches, expensive bolt-on acquisitions, geopolitical turbulence constricting its international business and a sharp jump in its key input prices.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
