Motilal Oswal's research report on Mrs Bectors Food
The company is focused on expanding in lower north markets (UP, Haryana, MP, Rajasthan), with ~80% of distribution additions expected from this region. The company targets adding 40k outlets by FY27 (from ~340k currently), expanding within a 400km radius of its plants, while growth in Punjab may moderate due to rising competition from national players.
Outlook
We reiterate a BUY rating with a DCF-based TP of INR270 (based on an implied P/E of 34x on FY28).
For all recommendations report, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
