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Tasty Bite Appoints Industry Veteran Tushar Srivastava as Senior Director of Food Service
Tasty Bite Eatables Limited has appointed Mr. Tushar Srivastava as the Senior Director for its Tasty Bite Food Service (TFS) division, effective March 09, 2026. Mr. Srivastava brings over 28 years of extensive experience from major FMCG and food companies including PepsiCo, Walmart, and Jubilant FoodWorks. His expertise spans across General Trade, HoReCa, and E-commerce, which is critical for scaling the company's institutional and food service business. This strategic hire is expected to strengthen the company's go-to-market strategies and drive profitable growth in the B2B segment.
Key Highlights
Appointment of Tushar Srivastava as Senior Director - TFS effective March 09, 2026
Candidate brings over 28 years of experience from top-tier firms like P&G, Kellogg's, and PepsiCo
Expertise includes leadership roles at Jubilant FoodWorks and Walmart, focusing on HoReCa and retail channels
Educational background includes a PG in Marketing and an Executive General Management Programme from IIM Bangalore
💼 Action for Investors
Investors should view this as a positive step towards strengthening the institutional business segment. Monitor the company's performance in the Food Service (TFS) division over the coming quarters to gauge the impact of this leadership addition.
Tasty Bite Q3 PAT Drops 10.6% YoY to ₹84.3M; New Chairman Appointed
Tasty Bite Eatables reported a 4.8% YoY increase in revenue from operations to ₹1,340.54 million for the quarter ended December 31, 2025. However, Net Profit (PAT) declined by 10.6% YoY to ₹84.30 million, primarily due to higher operating expenses and a one-time exceptional charge. For the nine-month period, PAT also saw a decline to ₹283.47 million compared to ₹319.08 million in the previous year. The company also announced a significant leadership change, with Rahul Bhatnagar set to succeed Pradeep Poddar as Chairman in April 2026.
Key Highlights
Revenue from operations grew 4.8% YoY to ₹1,340.54 million in Q3 FY26.
Net Profit for the quarter fell to ₹84.30 million from ₹94.34 million in the same period last year.
Recognized an exceptional item of ₹4.53 million as a provision for the New Labour Codes.
9M FY26 PAT stands at ₹283.47 million, down from ₹319.08 million in 9M FY25.
Chairman Pradeep Poddar to resign effective March 31, 2026; Rahul Bhatnagar appointed as successor.
💼 Action for Investors
Investors should be cautious as the company is facing margin pressure despite stable revenue growth. Monitor the leadership transition and the impact of the New Labour Codes on future operating costs.