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Is Mrs Bectors Food the right bite for the investor?

Bectors' IPO comes at a discount to the valuation of Britannia and other players on a trailing earnings basis

December 15, 2020 / 05:57 PM IST
Is Mrs Bectors Food the right bite for the investor?

The IPO of Mrs Bectors Food Specialities (Bectors) couldn’t have been better timed as the rising interest of retail investors coupled with an increase in in-home consumption owing to covid  makes a potent combination for a successful listing. The company is engaged in manufacturing and selling biscuits and bakery products. While the biscuit category is sold under the brand name of “Cremica”, for bakery products, the company uses the brand  “English oven”. Bectors Foods specializes in the premium and mid-premium...

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