{
  "id": 19149012,
  "title": "Broker’s Call: Mrs Bector Food (Buy)",
  "url": "https://urgent.news/2026/11/09/brokers-call-mrs-bector-food-buy",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-09T11:42:21.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/brokers-call-mrs-bector-food-buy/article71682126.ece"
  },
  "original_language": "en",
  "account": "Despite a surge in input costs, Mrs Bector Foods reported an unprecedented revenue in Q2FY27, with its manufacturing arm maintaining steady margins. Revenue surged 14% year on year, while EBITDA margin remained at 13.1%, matching analysts' expectations. The bakery segment showed robust growth, whereas biscuit sales faltered due to low rural demand stemming from erratic monsoon and shipping setbacks from West Asia. The English Oven brand witnessed a mid-teens increase in volume and high-teens growth in value, while institutional bakery flourished on QSR demand. The company anticipates a mid-to-high teens growth in FY27 revenue, driven by price hikes in October-November, expanded distribution, premiumization, and recovery of deferred export orders. Q-Com now accounts for 22% of B2C revenue. Management believes the current gross margin will persist, as price hikes and projected savings will be realized. With inflation expected to peak in Q3FY27, they aim to maintain EBITDA margin around 13.1% before elevating it to 13.5-14% in Q4FY27, and reaffirm their medium-term target of 14-15% growth. Adjusting their FY29 estimates to reflect Q2's strong performance and growth prospects, analysts revised FY27/28 earnings estimates and maintained a BUY rating. The new target price of ₹275 (previously ₹250) values the stock at 35x the September 2028 EPS (previously 35x FY28 earnings per share).",
  "summary": "Anand Rathi Research",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}