Consumer Food · Founded 1985 · www.tastybite.co.in · BSE 519091 · NSE TASTYBITE · ISIN INE488B01017
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1. Business Overview
Tasty Bite Eatables Ltd. operates in the consumer food sector in India. The company is primarily involved in the manufacturing, marketing, and distribution of a range of food products for end consumers. Given its name, it likely focuses on packaged foods, potentially including ready-to-eat meals, snacks, ingredients, or other convenience food items. Its core business model revolves around developing food products, ensuring quality production, establishing distribution networks to reach retail shelves and possibly food service channels, and building brand recognition to drive sales. The company makes money through the sale of its food products to consumers via various retail formats and potentially through exports or institutional sales.
2. Key Segments / Revenue Mix
Specific segment breakdowns and their exact revenue contributions are not available from the provided information. However, typical segments for a consumer food company in India might include:
Ready-to-Eat (RTE) Meals
Packaged Ingredients (e.g., sauces, pastes, spices)
Snacks and Savories
Frozen Foods
Bakery or Confectionery items
Given the name "Tasty Bite," the company might have a significant focus on convenience foods or specific ethnic/regional food categories.
3. Industry & Positioning
The Indian consumer food industry is large, dynamic, and highly competitive, characterized by diverse consumer preferences, regional tastes, and a mix of organized and unorganized players. It is undergoing a significant transformation driven by urbanization, rising disposable incomes, changing lifestyles (leading to higher demand for convenience foods), and increasing penetration of organized retail and e-commerce. The industry includes large multinational corporations (MNCs), established domestic giants, and numerous regional and niche players. Without specific market share data, Tasty Bite Eatables Ltd. is positioned as a player within this competitive landscape, likely contending with both established brands and emerging direct-to-consumer (D2C) food brands. Its specific positioning would depend on its product focus (e.g., premium, mass-market, niche ethnic foods).
4. Competitive Advantage (Moat)
For a consumer food company like Tasty Bite, potential competitive advantages include:
Brand Equity & Consumer Trust: A strong, recognized brand name ("Tasty Bite") built on consistent quality and taste can foster consumer loyalty, which is a significant moat in a crowded market.
Distribution Network: An extensive and efficient distribution network, especially critical in a diverse market like India, allowing products to reach a wide consumer base in both urban and rural areas.
Product Innovation & Differentiation: The ability to consistently introduce new and appealing products that cater to evolving consumer tastes or dietary trends, or to offer unique flavor profiles.
Economies of Scale: For larger players, the ability to achieve cost efficiencies in procurement, manufacturing, and marketing, which can be challenging for smaller or mid-sized players.
5. Growth Drivers
Key factors that can drive growth for Tasty Bite Eatables Ltd. over the next 3-5 years include:
Rising Disposable Incomes & Urbanization: Leading to increased consumption of packaged and convenience foods.
Changing Lifestyles: Growing demand for easy-to-prepare, ready-to-eat, and convenient food options due to busy schedules.
Expansion of Organized Retail & E-commerce: Providing wider reach and better access to consumers across India.
Product Portfolio Expansion: Introducing new product categories, flavors, or healthier variants to capture new market segments.
Geographical Expansion: Penetrating new cities, states, or even international markets (if applicable).
Premiumization Trend: Consumers' willingness to pay more for quality, healthier, or specialty food products.
6. Risks
Intense Competition: The consumer food sector is highly competitive, leading to potential pricing pressures, high marketing costs, and challenges in gaining/retaining market share.
Raw Material Price Volatility: Fluctuations in the prices of key agricultural commodities and other ingredients can impact profit margins.
Supply Chain Disruptions: Issues with sourcing, manufacturing, logistics, or distribution can affect product availability and increase costs.
Shifting Consumer Preferences: Rapid changes in dietary trends (e.g., demand for healthier, organic, plant-based options) require continuous adaptation and innovation.
Regulatory Changes: Evolving food safety standards, labeling requirements, and taxation policies can increase compliance costs and operational complexities.
Brand Reputation & Food Safety: Any quality issues or food safety incidents can severely damage brand reputation and consumer trust, leading to sales declines.
7. Management & Ownership
As "Tasty Bite Eatables Ltd." is a limited company, it typically operates with a professional management team overseen by a board of directors. The ownership structure would likely involve a promoter group (founders or their families) holding a significant stake, alongside institutional investors, high-net-worth individuals, and public shareholders. Without specific names or details, the quality of management would depend on their experience, strategic vision, execution capabilities, and adherence to corporate governance standards, which are critical for navigating the dynamic consumer food market.
8. Outlook
Tasty Bite Eatables Ltd. operates in the attractive and growing Indian consumer food market, driven by favorable demographic and economic trends. The company has the opportunity to capitalize on increasing demand for packaged and convenience foods, leveraging potential brand equity and distribution capabilities. However, the outlook is balanced by significant challenges, including intense competition from well-entrenched domestic and international players, the need for continuous product innovation, and efficient management of supply chain and raw material costs. Success will depend on its ability to effectively execute its growth strategies, adapt to evolving consumer preferences, maintain product quality, and build a resilient supply chain in a highly dynamic market.
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| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 145 | 133 | 109 | 85 | 157 | 179 | 134 | 121 | 133 | 177 |
| Other Income | 5 | 4 | 4 | 2 | 6 | 5 | 5 | 4 | 6 | 7 |
| Total Income | 150 | 137 | 113 | 88 | 163 | 183 | 139 | 125 | 139 | 184 |
| Total Expenditure | 125 | 120 | 101 | 84 | 140 | 156 | 123 | 105 | 124 | 151 |
| Operating Profit | 25 | 17 | 12 | 4 | 23 | 27 | 16 | 20 | 14 | 33 |
| Interest | 2 | 1 | 2 | 1 | 2 | 2 | 1 | 1 | 2 | 1 |
| Depreciation | 7 | 8 | 7 | 7 | 8 | 7 | 7 | 7 | 8 | 8 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 |
| Profit Before Tax | 15 | 8 | 3 | -5 | 14 | 18 | 7 | 11 | 5 | 23 |
| Provision for Tax | 4 | 2 | 1 | -1 | 4 | 5 | 1 | 3 | 1 | 6 |
| Profit After Tax | 11 | 6 | 3 | -4 | 10 | 13 | 6 | 8 | 4 | 17 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 11 | 6 | 3 | -4 | 10 | 13 | 6 | 8 | 4 | 17 |
| Adjusted Earnings Per Share | 44.3 | 24.3 | 9.9 | -14.4 | 39.3 | 50.8 | 24.1 | 31.9 | 14.1 | 68.1 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 177 | 208 | 252 | 296 | 337 | 426 | 385 | 372 | 476 | 540 | 554 | 565 |
| Other Income | 2 | 1 | 3 | 7 | 18 | 29 | 19 | 13 | 14 | 18 | 19 | 22 |
| Total Income | 178 | 209 | 255 | 303 | 355 | 455 | 404 | 386 | 489 | 558 | 573 | 587 |
| Total Expenditure | 152 | 175 | 210 | 249 | 291 | 381 | 332 | 339 | 412 | 466 | 503 | 503 |
| Operating Profit | 26 | 34 | 46 | 54 | 64 | 74 | 73 | 47 | 78 | 92 | 70 | 83 |
| Interest | 3 | 2 | 3 | 2 | 4 | 4 | 3 | 8 | 9 | 7 | 6 | 5 |
| Depreciation | 7 | 7 | 9 | 11 | 13 | 17 | 17 | 24 | 27 | 30 | 30 | 30 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 17 | 25 | 34 | 41 | 47 | 53 | 53 | 14 | 41 | 56 | 34 | 46 |
| Provision for Tax | 6 | 8 | 12 | 15 | 17 | 12 | 13 | 4 | 11 | 14 | 9 | 11 |
| Profit After Tax | 11 | 16 | 22 | 26 | 30 | 41 | 39 | 10 | 30 | 42 | 26 | 35 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 11 | 16 | 22 | 26 | 30 | 41 | 39 | 10 | 30 | 42 | 26 | 35 |
| Adjusted Earnings Per Share | 42 | 62.8 | 85.7 | 103.1 | 117.2 | 159.2 | 153.3 | 40.2 | 117.7 | 161.8 | 99.8 | 138.2 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 3% | 14% | 5% | 12% |
| Operating Profit CAGR | -24% | 14% | -1% | 10% |
| PAT CAGR | -38% | 38% | -9% | 9% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -27% | -11% | -14% | 12% |
| ROE Average | 9% | 12% | 13% | 22% |
| ROCE Average | 12% | 16% | 15% | 23% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 45 | 61 | 74 | 99 | 132 | 163 | 207 | 217 | 243 | 287 | 311 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 21 | 20 | 36 | 31 | 26 | 21 | 50 | 44 | 33 | 26 | 20 |
| Other Non-Current Liabilities | 5 | 7 | 7 | 9 | 9 | 13 | 70 | 62 | 55 | 48 | 41 |
| Total Current Liabilities | 42 | 44 | 52 | 53 | 58 | 101 | 120 | 106 | 125 | 82 | 78 |
| Total Liabilities | 113 | 131 | 170 | 192 | 225 | 298 | 447 | 429 | 457 | 443 | 450 |
| Fixed Assets | 61 | 61 | 65 | 76 | 82 | 98 | 179 | 189 | 207 | 238 | 216 |
| Other Non-Current Assets | 1 | 2 | 16 | 10 | 22 | 49 | 69 | 81 | 65 | 24 | 25 |
| Total Current Assets | 51 | 68 | 89 | 106 | 121 | 150 | 200 | 159 | 185 | 180 | 209 |
| Total Assets | 113 | 131 | 170 | 192 | 225 | 298 | 447 | 429 | 457 | 443 | 450 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 4 | 6 | 4 | 3 | 6 | 8 | 8 | 35 | 4 | 13 | 9 |
| Cash Flow from Operating Activities | 10 | 15 | 12 | 21 | 56 | 37 | 40 | 65 | 61 | 67 | 39 |
| Cash Flow from Investing Activities | -4 | -7 | -24 | -7 | -30 | -52 | -56 | -47 | -34 | -16 | -12 |
| Cash Flow from Financing Activities | -4 | -6 | 11 | -12 | -23 | 15 | 43 | -49 | -18 | -56 | -20 |
| Net Cash Inflow / Outflow | 2 | 1 | -1 | 2 | 2 | -0 | 27 | -31 | 10 | -5 | 7 |
| Closing Cash & Cash Equivalent | 6 | 7 | 3 | 6 | 8 | 8 | 35 | 4 | 13 | 9 | 15 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 42.04 | 62.8 | 85.71 | 103.1 | 117.16 | 159.24 | 153.32 | 40.25 | 117.73 | 161.8 | 99.8 |
| CEPS(Rs) | 68.83 | 91.57 | 121.09 | 145.88 | 166.45 | 224.9 | 220.21 | 134.89 | 224.83 | 277.02 | 215.89 |
| DPS(Rs) | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 2 | 2 | 2 |
| Book NAV/Share(Rs) | 172.06 | 234.79 | 288.73 | 384.41 | 507.68 | 629.03 | 798.48 | 839.63 | 948.92 | 1116.81 | 1213.22 |
| Core EBITDA Margin(%) | 13.8 | 16.1 | 16.84 | 16.05 | 13.6 | 10.49 | 13.96 | 9.02 | 13.45 | 13.74 | 9.34 |
| EBIT Margin(%) | 10.82 | 12.87 | 14.47 | 14.64 | 15.26 | 13.36 | 14.43 | 6.12 | 10.56 | 11.58 | 7.32 |
| Pre Tax Margin(%) | 9.26 | 11.72 | 13.48 | 13.85 | 13.97 | 12.53 | 13.64 | 3.89 | 8.57 | 10.28 | 6.2 |
| PAT Margin (%) | 6.06 | 7.69 | 8.67 | 8.93 | 8.92 | 9.6 | 10.21 | 2.78 | 6.35 | 7.68 | 4.62 |
| Cash Profit Margin (%) | 9.92 | 11.21 | 12.24 | 12.63 | 12.68 | 13.55 | 14.67 | 9.3 | 12.13 | 13.16 | 9.99 |
| ROA(%) | 9.75 | 13.24 | 14.63 | 14.63 | 14.43 | 15.64 | 10.57 | 2.36 | 6.82 | 9.23 | 5.74 |
| ROE(%) | 27.66 | 30.88 | 32.74 | 30.63 | 26.27 | 28.02 | 21.48 | 4.91 | 13.17 | 15.66 | 8.57 |
| ROCE(%) | 23.12 | 28.47 | 30.75 | 31.03 | 32.9 | 28.75 | 20.67 | 7.53 | 16.45 | 19.55 | 12.33 |
| Receivable days | 33.25 | 36.06 | 40.5 | 43.04 | 40.77 | 40.89 | 52.75 | 53.36 | 43.14 | 39.49 | 43.75 |
| Inventory Days | 28.67 | 28.78 | 33.51 | 37.77 | 44.77 | 46.49 | 61.02 | 66.52 | 58.76 | 59.81 | 58.96 |
| Payable days | 69.05 | 53.89 | 49.35 | 48.77 | 56.84 | 55.62 | 72.71 | 82.02 | 78.88 | 65.63 | 54.77 |
| PER(x) | 14.39 | 26.92 | 54.35 | 72.39 | 71.34 | 56.52 | 93.86 | 269.93 | 68.19 | 76.05 | 82.27 |
| Price/Book(x) | 3.52 | 7.2 | 16.13 | 19.41 | 16.46 | 14.31 | 18.02 | 12.94 | 8.46 | 11.02 | 6.77 |
| Dividend Yield(%) | 0.17 | 0.12 | 0.04 | 0.03 | 0.02 | 0.02 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 |
| EV/Net Sales(x) | 1.09 | 2.24 | 4.96 | 6.59 | 6.46 | 5.55 | 9.77 | 7.68 | 4.46 | 5.89 | 3.82 |
| EV/Core EBITDA(x) | 7.39 | 13.61 | 27.34 | 35.91 | 33.96 | 32.06 | 51.73 | 60.75 | 27.3 | 34.56 | 30.1 |
| Net Sales Growth(%) | 21.64 | 17.79 | 21.1 | 17.36 | 13.8 | 26.37 | -9.5 | -3.43 | 27.84 | 13.59 | 2.61 |
| EBIT Growth(%) | 143.37 | 39.92 | 36.15 | 18.13 | 18.5 | 10.64 | -2.24 | -59.06 | 120.78 | 24.46 | -35.12 |
| PAT Growth(%) | 149.35 | 49.35 | 36.44 | 20.29 | 13.63 | 35.92 | -3.72 | -73.75 | 192.51 | 37.43 | -38.32 |
| EPS Growth(%) | 149.55 | 49.37 | 36.49 | 20.29 | 13.63 | 35.92 | -3.72 | -73.75 | 192.51 | 37.43 | -38.32 |
| Debt/Equity(x) | 0.97 | 0.66 | 0.85 | 0.43 | 0.3 | 0.38 | 0.52 | 0.34 | 0.31 | 0.12 | 0.09 |
| Current Ratio(x) | 1.23 | 1.55 | 1.71 | 1.98 | 2.1 | 1.49 | 1.66 | 1.51 | 1.48 | 2.2 | 2.68 |
| Quick Ratio(x) | 0.89 | 1.11 | 1.18 | 1.35 | 1.25 | 0.9 | 1.09 | 0.88 | 0.78 | 1.1 | 1.54 |
| Interest Cover(x) | 6.95 | 11.24 | 14.55 | 18.54 | 11.88 | 16.16 | 18.38 | 2.75 | 5.3 | 8.93 | 6.56 |
| Total Debt/Mcap(x) | 0.28 | 0.09 | 0.05 | 0.02 | 0.02 | 0.03 | 0.03 | 0.03 | 0.04 | 0.01 | 0.01 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 74.23 | 74.23 | 74.23 | 74.23 | 74.23 | 74.23 | 74.23 | 74.23 | 74.23 | 74.23 |
| FII | 3.77 | 4.12 | 4.12 | 3.87 | 3.79 | 3.74 | 3.7 | 3.68 | 3.66 | 3.67 |
| DII | 0.47 | 0.47 | 0.47 | 0.48 | 0.44 | 0.61 | 0.46 | 0.46 | 0.46 | 0.46 |
| Public | 21.52 | 21.17 | 21.18 | 21.42 | 21.54 | 21.42 | 21.61 | 21.63 | 21.65 | 21.65 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.19 | 0.19 | 0.19 | 0.19 | 0.19 | 0.19 | 0.19 | 0.19 | 0.19 | 0.19 |
| FII | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.06 | 0.05 | 0.05 | 0.05 | 0.06 | 0.05 | 0.06 | 0.06 | 0.06 | 0.06 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.26 | 0.26 | 0.26 | 0.26 | 0.26 | 0.26 | 0.26 | 0.26 | 0.26 | 0.26 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 74.23 | 74.23 | 74.23 | 74.23 | 74.23 | 74.23 | 74.23 | 74.23 | 74.23 | 74.23 |
| FII | 3.77 | 4.12 | 4.12 | 3.87 | 3.79 | 3.74 | 3.7 | 3.68 | 3.66 | 3.67 |
| DII | 0.47 | 0.47 | 0.47 | 0.48 | 0.44 | 0.61 | 0.46 | 0.46 | 0.46 | 0.46 |
| Public | 25.77 | 25.77 | 25.77 | 25.77 | 25.77 | 25.77 | 25.77 | 25.77 | 25.77 | 25.77 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.19 | 0.19 | 0.19 | 0.19 | 0.19 | 0.19 | 0.19 | 0.19 | 0.19 | 0.19 |
| FII | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.26 | 0.26 | 0.26 | 0.26 | 0.26 | 0.26 | 0.26 | 0.26 | 0.26 | 0.26 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | +3% | +14% | +5% | +12% |
| Operating Profit CAGR | -24% | +14% | -1% | +10% |
| PAT CAGR | -38% | +38% | -9% | +9% |
| Share Price CAGR | -27% | -11% | -14% | +12% |
| ROE Average | +9% | +12% | +13% | +22% |
| ROCE Average | +12% | +16% | +15% | +23% |
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