Tasty Bite Eatables Ltd
8,961.00
INR
-61.00
(-0.68%)
Tasty Bite Eatables Ltd
NSE:TASTYBITE
(National Stock Exchange of India)
Recent
price
8,961.00
P/E
ratio
60.61
div
yld
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ROIC.AI
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- Business
- Tasty Bite Eatables Limited (TASTYBITE.NS), founded in 1985 and headquartered in Pune, India, manufactures and markets shelf-stable, ready-to-eat and ready-to-cook ethnic Indian and pan-Asian prepared foods; its core offerings span natural entrees blending vegetables and lentils, organic entrees using traditional recipes with organic ingredients, organic rice and whole grains with premium flavors, protein bowls, simmer sauces, gourmet sauces including tomato-based, gravies, curries, pastes, savory fillings and specialty sauces, as well as frozen formed products such as burger patties, appetizers, finger foods, vegetable- and cheese-based patties, and cheese starters under brands like Tasty Bite, Tasty Bite Food Service for customizable solutions serving quick-service restaurants, cloud kitchens and HoReCa globally, and Tasty Bite Xclusive featuring clean-label snacks like jalapeno cheese wraps, chilli cheese tortilla wraps, cheesy jalapeno tacos, piri piri onion ring burgers, crispy cheesy sliders, ragda chaat and stuffed paneer triangles free of preservatives and trans fats. The company operates a state-of-the-art facility in Pune with 13 production lines across retort, frozen, chilled and pasteurized formats, serving consumer and foodservice segments in 18 countries across four continents including the US, Canada, UK, Netherlands, UAE, Saudi Arabia, Australia and India, where it targets health-conscious individuals, vegetarians, vegans and gluten-free consumers with all-natural, 100% vegetarian products. As a subsidiary within the Mars Incorporated group following its 2023 promoter change from Preferred Brands Foods India Limited and Kagome, Tasty Bite reported fiscal 2024 revenue of INR 5,582 million with 14% year-over-year growth driven by 18% consumer business expansion via over 100 new product launches including Mars affiliate innovations like Seeds of Change, Ben’s Original 10 Medley and Tasty Bite Simmer Sauces, alongside 38% premier foods growth and early recovery in foodservice through innovations such as Basil Pesto sauce, Pindi chole and cheese sauces; it achieved EBITDA of INR 921 million at 16.5% margin, PAT of INR 415 million, fully repaid short-term working capital loans, enhanced renewable energy to 78% of its mix with solar panels and biogas processing 960 MT of food waste, and plans domestic retail and foodservice expansions with iterative test-and-learn product development.