15 Dec 2020, 01:35:40 PM IST
Angel Broking on Mrs. Bector Food Specialities
Mrs. Bector Food Specialities is one of the leading brands in biscuits and bakery businesses in North India. It is a leading exporter of biscuits, has established presence in retail and institutional bakery business widespread and established sales and distribution network.
Investment concerns are the outbreak of covid-19 and restriction in the use of the brand name.
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. Company
results were better than the industry in the first half of the fiscal 2021.
We are positive on the long term growth prospects of the industry and the company, and hence recommend “subscribe” to the issue for long term as well as for listing gains.
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