IGI Logo

Below are Quote On Mrs. Bectors Specialities By Mr. Keshav Lahoti, Associate Equity Analyst, Angel Broking Ltd

Mrs. Bector Food Specialities are one of the leading companies in the premium and mid-premium biscuits segment and the premium bakery segment in North India. Company manufactures and markets a range of the biscuits such as cookies, creams, crackers, digestives and glucose under our flagship brand ‘Mrs. Bector’s Cremica’. Stock has corrected ~33% in the last 1 month due to high valuation. We believe now stock is available at reasonable valuation.  It is one of the leading brands in biscuits and bakery businesses in North India. Also, Company is the leading exporter of biscuits. For the next few years, we expect the domestic biscuit and bakery market to grow by 9% due to urbanization, increase in disposable income, favorable government policy. On the other hand, the institutional Indian bakery industry is expected to grow by 20% due to increasing market share of QSR chain. We think the company should be able to grow in line with the industry managed by the promoters having more than 25 years of sector knowledge. We advise investors to buy Mrs Bectors.

Above views are of the author and not of the website kindly read disclaimer