| Metric | Value (₹ Cr) | Q3 FY26 | Q4 FY25 |
|---|---|---|---|
| Revenue | 117.69 | 33.5% | 12.0% |
| Total Income | 124.03 | 32.5% | 10.7% |
| Expenditure | 115.89 | 27.5% | 11.8% |
| PBT | 8.14 | 65.3% | 9.4% |
| Net Profit | 6.01 | 65.6% | 3.0% |
| OPM | 9.49% | 5.08pp | 1.33pp |
| NPM | 4.84% | 4.67pp | 0.38pp |
| EPS | 23.41 | 65.6% | 3.0% |
Tasty Bite FY26 PAT up 38% YoY to ₹353 Million
29 May 2026 · 29 May, 11:12 pm
Summary
Tasty Bite Eatables Limited reported its audited results for FY26, with total revenue remaining largely flat at ₹5,716.22 million amidst challenging macroeconomic conditions impacting its PBI business. Despite the topline challenges, the company delivered a strong improvement in profitability, with EBITDA growing by 20% to ₹843.43 million and profit after tax surging by 38% to ₹353.02 million. This was driven by operational efficiencies, strict cost controls, and lower interest costs, resulting in an improved EBITDA margin of 14.8% and PAT margin of 6.2%. Management highlighted strategic diversification, successful new product launches in Mars Affiliates, and consistent growth in the Food Service business as key performance drivers, alongside achieving a debt-free status and proposing a 100% dividend.
Key Highlights
- 1
Tasty Bite Eatables Limited reported total revenue for FY26 at ₹5,716.22 million, showing flat growth year-on-year.
- 2
EBITDA for FY26 increased by 20% to ₹843.43 million, with the EBITDA margin improving to 14.8%, up from 12.3% in FY25.
- 3
Profit after tax for FY26 significantly increased by 38% to ₹353.02 million, with the PAT margin reaching 6.2%.
- 4
The Q4 FY26 total revenue declined by 11% year-on-year to ₹1,240.29 million.
- 5
The company has repaid all its borrowings, becoming fully debt-free, and proposes to pay a 100% dividend at ₹10 per share.
- 6
While the PBI US Affiliate business declined by 40% for FY26, this was compensated by a robust 148% growth in Non-PBI MARS Affiliates and an 18% growth in the Core Food Service business for FY26.
- 7
The Food Service business demonstrated strong positive growth for 10 consecutive quarters, with Q4 FY26 growth at 28% year-on-year.
Management Comments
Unknown
FY2025-26 was a defining year for our Company — a year that demonstrated resilience, strategic clarity, and disciplined execution in a challenging global environment. During the year, our overall revenue remained largely flat. This performance reflects the significant impact on our PBI business, which declined by 40%, primarily due to adverse macroeconomic conditions and the continued impact of US tariff-related challenges. While these external factors created short-term pressure on the business, they also reaffirmed the importance of our long-term strategy to diversify and strengthen our growth engines in India managed business. Our focused investments in innovation and the expansion of the India business have begun delivering encouraging results. The Mars Affiliates business recorded an exceptional growth of 148% supported by successful new product launches, while our Food Service business (TFS) grew by 18%, aligned with our strategic objective of building scalable and sustainable growth platforms in India. TFS business achieved its 10th successive quarter of growth, reflecting the strength of our execution capabilities and the consistency of customer demand. The growth is driven by Formed Frozen Products range and continuous expansion into HoReCA Distribution business. Amazon has played a key role in setting up Cheffin’s growth journey since August 2025. Through our presence on the platform, we have gained valuable customer insights and market learnings that are helping us refine and strengthen our business strategy. Building on these learnings, we strategically expanded into the fast-growing quick-commerce segment by launching Cheffin products on Zepto in March 2026. The response and early outcomes have been highly encouraging, reinforcing our confidence in the scalability and potential of this channel. This momentum positions us well to further strengthen and expand our presence across additional e-commerce and quick-commerce platforms. Alongside market expansion, the Company has also focused on building strong operational and strategic capabilities by onboarding experienced Digital talents and partnering with specialized digital and marketing agencies. The Company profitability delivered a strong improvement, despite flat topline growth. Profit for the year grew by + 38%, supported by a 6% improvement in Absolute margins and Reduction in overhead costs. This achievement becomes even more significant considering that the Company significantly increased its advertisement and brand-building investments over the previous year. These investments were made consciously and strategically to support the growth of our emerging business, Cheffin (B2C Brand) and Tasty Bite EXCLUSIVE (B2B Brand for HoReCa), which remains an important pillar of our future growth vision. The ability to reduce overall overheads despite substantial investments in growth initiatives reflects the effectiveness of our governance framework, Value Leadership Initiatives (VLS), and disciplined cost controls across the organization, thereby creating long term value of
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