Subscribe to Mrs. Bectors Food Specialities: Geojit
Geojit has come out with its report on Mrs. Bectors Food Specialities. The research firm has recommended to ''Subscribe'' the ipo in its research report as on December 13, 2020
December 14, 2020 / 07:46 PM IST
Geojit IPO report on Mrs. Bectors Food Specialities
Mrs. Bectors Food Specialities Limited (MBFSL), incorporated in 1995, is one of the leading player in the premium &mid-premium biscuit and premium bakery segment in North India. The company sells biscuits under the brand name "Mrs. Bector's Cremica" whereas bakery products are manufactured under the brand name of "English Oven”. All of its products are manufactured in-house across 6 strategically located manufacturing units in 5 different cities. It is also one of the largest supplier of buns in India to reputed QSR chains such as Burger King India Limited. As of June 30th, 2020, its bakery segment had a total of 96 products and the Biscuits segment had a total of 384 items.
Valuation and Outlook
Considering its future growth prospects in packaged biscuits and QSR segment, we recommend a “Subscribe” rating with a long-term perspective.
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