15 Dec 2020, 13:35:40 IST
Angel Negotiating on Mrs. Bector Food Specials
Mrs. Bector Food Specialties is one of the leading brands in biscuit and baking companies in North India. It is a leading exporter of biscuits, has established a presence in a large retail and institutional bakery business and has established a sales and distribution network.
Investment concerns are the explosion of covid-19 and a restriction in the use of the brand.
Over the next few years, we expect the domestic biscuit and bakery market to grow by 9% due to urbanization, increased disposable income, favorable government policy. On the other hand, the institutional Indian bakery industry will grow by 20% due to growing market share of QSR chain.
We think the company needs to be able to grow in line with the managed industry
of the promoters having more than 25 years of sectoral knowledge. Company
results were better than the industry in the first half of fiscal 2021.
We are positive about the long-term growth prospects of the industry and the company, and therefore recommend “subscribing” to the number in the long run and also to list gains.