Management letter on financial result for the quarter/ year ended on 31st March 2026
TASTYBITE · price
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Tasty Bite Eatables reported FY2026 revenue of ₹5,716 million, flat YoY, as a 40% decline in PBI US Affiliate business due to macro-economic challenges was offset by 148% growth in Mars Affiliate business and 18% growth in Food Service business. Despite flat topline, EBITDA margin expanded 250 basis points to 14.8%, while PAT grew 38% to ₹353 million driven by operational efficiencies and lower interest costs. The company achieved debt-free status with doubled cash position and proposed a 100% dividend (5x previous year). Food Service business achieved 10 consecutive quarters of growth, supported by new product launches and e-commerce expansion including quick-commerce via Zepto.
Strong profitability improvement with 38% PAT growth and margin expansion signals operational strength despite flat revenue. Debt-free status and 5x dividend increase are positive signals for shareholders, though the declining PBI US business remains a concern.