Synopsis:
Tasty Bite Eatables Ltd reported robust financial performance for Q1 FY26, showcasing strong growth across all key metrics
The company is a leading manufacturer of ready-to-eat and ready-to-cook vegetarian food products under the “Tasty Bite” brand, reported a strong financial performance in Q1 FY26, driven by robust growth across key profitability metrics.
With a market capitalization of Rs. 2,829 Cr, the shares of Tasty Bite Eatables Ltd are currently trading at Rs. 11,076 per share, making a high of Rs. 11,958 in today’s market, increased nearly 12% from its previous close of Rs. 10,681 per share.
Q1FY26 Results
Tasty Bite Eatables reported a strong performance in Q1 FY26, with sales rising 42% year-on-year to Rs. 121 crore in Q1FY26 from Rs. 85.3 crore in Q1FY25. EBIDT saw a massive 874% jump to Rs. 15.7 crore, while net profit came in at Rs. 8.19 crore, a sharp turnaround from a loss of Rs. 3.69 crore in the same quarter last year, reflecting a positive YoY growth. However, on a sequential basis, sales dipped from Rs. 134 crore in Q4FY25, even as profitability continued to improve from Rs. 6.19 cr to Rs. 8.19 cr in net profits.
About the company
Tasty Bite Eatables is a manufacturer of ethnic and natural vegetarian packaged and ready-to-eat/serve (RTE) and Ready-to-cook (RTC) food products, which are sold under the “Tasty Bite” brand in the United States of America, Australia, the United Kingdom, Germany and Canada. It is one of the fastest-growing Asian food brands in the United States.
Return on Capital Employed (ROCE) of 10.7% and a Return on Equity (ROE) of 8.58%, indicating moderate efficiency in utilizing capital and shareholder equity to generate profits.
Written by Manideep Appana
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