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Tasty Bite Eatables Limited (TASTYBITE)

₹9,329.00 -0.16% last close, 16 Oct

📊 NSE: TASTYBITE 🏢 Food - Processing - Indian 📢 Latest filing: 28 Sep 2026 📝 Analysis written: 14 Dec 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Tasty Bite's revenue was ₹156 Cr (+28.6% year on year, +32.3% on the previous quarter), and net profit ₹8.8 Cr (+7.9% year on year); the operating margin was 9.5%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹156	+28.6%	+32.3%
Operating profit	₹14.8	-5.7%	+32.3%
Net profit	₹8.8	+7.9%	+47.1%
EPS (₹)	34.45	+7.9%	+47.1%
Operating margin	9.5%	—	—

Full quarterly financials → Results calendar →

TASTYBITE delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 56.68% of the TASTYBITE shares traded on NSE were taken to delivery, against the stock's own 20-session average of 51.59%. That is close to its usual level. Turnover was only ₹60 lakh, so a handful of trades can move this figure. Volume was 0.2 times its average, well below normal.

56.68%Delivery, 16 Oct

51.59%Own 20-session average

0.2×Volume vs its average

₹9,329.00NSE close · -0.16%

Delivery in the last 5 sessions: 37.8% · 24.5% · 29.1% · 37.1% · 56.7%

Delivery across the market →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

Tasty Bite Seeks Postal Ballot Approval for ₹10 Cr Related Party Capex with Mars Food UK

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 28 Sep 2026, 07:44 PM

Tasty Bite Eatables has issued a Postal Ballot Notice to seek shareholder approval for material related party transactions with fellow subsidiary Mars Food UK Limited. The transactions include an approval limit of INR 100 Million (₹10 crore) for purchasing a packaging machine (SOMIC 424 T-2 (D)) for its Noodle Division along with related expenses. Another resolution seeks approval for expense reimbursements to Mars Food UK for FY 2026-27. The e-voting period runs from 29 September 2026 to 28 October 2026.

INR 100 Million (₹10 crore) transaction limit proposed for purchasing packaging equipment from Mars Food UK Limited
Asset being acquired is a SOMIC 424 T-2 (D) Automatic Packaging Machine for the Noodle Division
Remote e-voting starts on 29 September 2026 at 9:00 a.m. IST and concludes on 28 October 2026 at 5:00 p.m. IST
Record/Cut-off date for eligibility to vote was Friday, 25 September 2026

💡 Track the voting results of the postal ballot post-28 October 2026 to confirm minority shareholder approval of the related party transaction.

Tasty Bite Eatables Promoters Confirm Nil Share Encumbrance for FY ended 31 March 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 24 Sep 2026, 12:18 PM

Promoters of Tasty Bite Eatables Limited, Preferred Brands Foods (India) Private Limited and Effem Holdings Limited, submitted their annual declaration under Regulation 31(4) of SEBI SAST Regulations. The promoters confirmed that they, along with persons acting in concert, have made zero encumbrances directly or indirectly on their shareholdings during the financial year ended 31 March 2026. This confirms an unpledged promoter holding for the period, which is standard annual compliance.

Promoter Preferred Brands Foods (India) Private Limited declared zero encumbrance on held shares during FY ended 31 March, 2026.
Promoter Effem Holdings Limited confirmed zero encumbrance directly or indirectly during FY ended 31 March, 2026.
Disclosure submitted pursuant to Regulation 31(4) of the SEBI Takeover Regulations, 2011 dated 10th April, 2026.

💡 Track quarterly shareholding patterns to confirm promoter pledge levels remain at zero percent.

Tasty Bite Shareholders Approve Re-appointment of Matthew James Page as Director

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 14 Aug 2026, 03:53 PM

Tasty Bite Eatables Limited held its Annual General Meeting on August 13, 2026, where shareholders approved the re-appointment of Mr. Matthew James Page as a Non-Executive Non-Independent Director. Additionally, Mr. Shashank Shekhar was reclassified as a director liable to retire by rotation. These changes are largely procedural for the company, which maintains a high promoter holding of 74.23% and relies heavily on its parent Mars Group for its 70% export-driven revenue model.

Shareholders approved director changes at the AGM held on August 13, 2026
Mr. Matthew James Page re-appointed, bringing 14 years of experience within the Mars Group
Mr. Shashank Shekhar reclassified as liable to retire by rotation, possessing 20+ years of FMCG experience
Company maintains a high P/E ratio of 140.5 and a market cap of Rs 2,620 Cr

💡 Investors should view this as a routine governance update. The focus remains on the company's ability to improve its 8.2% operating margins and manage its high export concentration.

Tasty Bite Amends AOA to Align Director Retirement with Companies Act 2013

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 14 Aug 2026, 03:40 PM

Tasty Bite Eatables Limited has amended Article 121 of its Articles of Association (AOA) following shareholder approval at the AGM held on August 13, 2026. The amendment makes the Managing Director, Whole-time Director, and Executive Directors liable to retire by rotation, aligning the company's governance with Section 152 of the Companies Act, 2013. Previously, these directors were exempt from retirement by rotation during their tenure. This is a procedural governance update and does not impact the company's financial performance or operations.

Shareholders approved the amendment to Article 121 at the AGM held on August 13, 2026.
The revision aligns the company's AOA with Section 152 of the Companies Act, 2013.
Managing, Whole-time, and Executive Directors are now liable to retire by rotation.
The company maintains a stable promoter holding of 74.23% as of June 2026.
Tasty Bite reported a TTM revenue of ₹422 Cr with a market capitalization of ₹2620 Cr.

💡 No immediate action is required as this is a routine compliance alignment. Investors may monitor future AGM notices to see which directors are up for re-appointment under the new rotation policy.

₹10 Dividend Approved; Shareholders Clear Material Related Party Transactions for FY28

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 14 Aug 2026, 10:58 AM

Tasty Bite Eatables Limited (TBEL) shareholders have approved all 8 resolutions at the 42nd Annual General Meeting held on August 13, 2026. Key approvals include a dividend of ₹10 per equity share for FY26 and material related party transactions (RPT) for FY28 with Preferred Brands International and Mars Food UK. The total dividend payout of ₹2.566 Cr represents approximately 13.5% of the TTM PAT of ₹19 Cr. Shareholder turnout was high at 83.25%, with near-unanimous support for the financial statements and RPTs.

Dividend of ₹10 per equity share approved for the financial year 2025-26.
Total of 8 resolutions passed by the requisite majority, including re-appointment of directors.
Shareholder turnout stood at 83.25% with 2,136,237 votes polled out of 2,566,000 total shares.
Material Related Party Transactions for FY2027-28 approved for Preferred Brands International and Mars Food UK Limited.
Public institutional voting for RPT resolutions showed 99.99% support among those who voted.

💡 Investors should monitor the company's export performance, as the approved related party transactions are critical for the ~70% of revenue generated through the parent Mars Group entities.

₹10 Dividend and Approval of Material Related Party Transactions for FY 2027-28

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 13 Aug 2026, 05:24 PM

Tasty Bite Eatables Limited held its 42nd Annual General Meeting on August 13, 2026. Shareholders voted on a dividend of ₹10 per equity share for FY 2025-26, totaling a payout of approximately ₹2.57 Cr, which represents ~25.7% of the TTM PAT of ₹10 Cr. A critical agenda item included the approval of material related party transactions (RPTs) with Preferred Brands International and Mars Food entities for FY 2027-28. These transactions are vital as the company generates ~70% of its revenue through exports routed via these parent entities.

Dividend of ₹10 per equity share declared for the financial year 2025-26 on 2,566,000 shares.
Approval sought for material related party transactions with Preferred Brands International, Inc. for FY 2027-28.
Approval sought for material related party transactions with Mars Food UK and Mars Food US for FY 2027-28.
Reclassification of Mr. Shashank Shekhar as a director liable to retire by rotation was proposed.
The company maintains a high export concentration of ~70% of total revenue through its holding company.

💡 Investors should monitor the final voting results to be published within 2 working days to confirm shareholder approval of the material related party transactions.

29% YoY Revenue Growth in Q1 FY27; PAT Rises to ₹8.8 Cr with 12.8% EBITDA Margin

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 12 Aug 2026, 06:22 PM

Tasty Bite Eatables reported a strong start to FY27, with Q1 revenue reaching ₹161.6 Cr, a 29% YoY and 30% QoQ increase. Profit After Tax (PAT) grew 8% YoY to ₹8.8 Cr, while EBITDA margins improved to 12.8% compared to the TTM OPM of 7.4%. A key driver was the Affiliate business (Mars/PBI), which surged 46% YoY, reversing a 15% decline in the previous year. The Third-Party business, including food services, grew 15% YoY, now contributing 53% of the total revenue mix.

Total Revenue for Q1 FY27 reached ₹161.6 Cr, representing approximately 60.5% of the total TTM revenue of ₹267 Cr.
Affiliate business revenue grew 46% YoY to ₹76.8 Cr, driven by a 150% jump in Mars Affiliates.
EBITDA margin recorded at 12.8% for the quarter, significantly higher than the previous TTM average.
Food Service business achieved its 11th consecutive positive quarter, growing 4% YoY to ₹49.6 Cr.
Installed manufacturing capacity stands at 59,000+ MT with a 100% vegetarian portfolio across 20+ countries.

💡 Monitor the sustainability of the Affiliate business recovery and the scaling of the new B2C brand 'Cheffin' in the domestic quick-commerce market. Investors should also watch if the improved EBITDA margin of 12.8% can be maintained against commodity price volatility.

Tasty Bite Eatables Approves Q1 FY27 (June 2026) Unaudited Financial Results

🟡 NEUTRAL ⭐ 6/10

EARNINGS 📅 12 Aug 2026, 06:04 PM

Tasty Bite Eatables Limited approved its unaudited financial results for the quarter ended June 30, 2026, during a board meeting on August 12, 2026. The company currently operates with a TTM revenue of ₹267 Cr and a TTM PAT of ₹10 Cr, reflecting a relatively small scale compared to its ₹2,439 Cr market capitalization. With a high P/E ratio of 248.5, the market is pricing in significant growth expectations. Investors should focus on the detailed P&L annexure to see if margins have improved from the TTM OPM of 7.4%.

Board meeting held on August 12, 2026, to approve results for the quarter ended June 30, 2026
Meeting duration spanned 5 hours, commencing at 11:30 AM and concluding at 04:30 PM
Company maintains a high promoter holding of 74.23% as of June 2026
TTM revenue stands at ₹267 Cr with a net profit of ₹10 Cr

💡 Review the full financial statement for export revenue performance, as ~70% of sales are typically routed through the parent entity, and check for any recovery in PAT margins which were recently at 4.5%.

March 31, 2026: Resignation of Chairman Pradeep Poddar from Tasty Bite Eatables

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 03 Aug 2026, 12:31 PM

Tasty Bite Eatables Limited has issued a revised intimation regarding the resignation of Mr. Pradeep Poddar as Chairman and Non-Executive Independent Director. The resignation was effective from March 31, 2026, following his decision to retire from the board. The company's board had previously accepted this resignation on February 12, 2026. Given the company's high P/E ratio of 245.2 and TTM revenue of Rs 267 Cr, maintaining a stable and experienced board is important for governance oversight.

Resignation of Chairman effective from March 31, 2026
Board acceptance of resignation occurred on February 12, 2026
Company TTM revenue stands at Rs 267 Cr
Market capitalization is approximately Rs 2407 Cr

💡 Investors should monitor the company's subsequent filings for the appointment of a new Chairman to ensure continued board stability and compliance.

06-Aug-2026 Fixed as Record Date for Tasty Bite Eatables Final Dividend

🟡 NEUTRAL ⭐ 3/10

DIVIDEND 📅 29 Jul 2026, 10:05 PM

Tasty Bite Eatables has scheduled August 6, 2026, as the record date to determine shareholder eligibility for the final dividend of FY 2025-26. The 42nd Annual General Meeting (AGM) will be held on August 13, 2026, to formally approve the dividend recommendation. Shareholders must hold the stock by the record date to receive the payout, which follows a financial year where the company generated a TTM PAT of ₹10 Cr. The specific dividend amount per share was not disclosed in this specific intimation.

Record date for final dividend entitlement is fixed for August 6, 2026.
42nd Annual General Meeting scheduled for August 13, 2026, at 11:00 a.m. IST.
Dividend pertains to the full financial year ended March 31, 2026.
Payment is subject to shareholder approval at the upcoming AGM and tax deduction at source.

💡 Investors should ensure their shareholdings are settled in their demat accounts by the record date to be eligible for the dividend; watch for the specific dividend amount approval during the AGM.

15-Day Demat Processing Timeline Confirmed in Tasty Bite's Q1 FY27 SEBI Filing

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 27 Jul 2026, 05:31 PM

Tasty Bite Eatables Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by Kfin Technologies Limited, confirms that all dematerialization requests received between April 1, 2026, and June 30, 2026, were processed within the mandated 15-day timeline. This includes the verification, cancellation, and mutilation of physical share certificates. This is a routine regulatory filing with no impact on the company's financial performance or operations.

Processing window of 15 days for demat requests
Reporting period from 1st April, 2026 to 30th June, 2026
Filing date of 27 July 2026

💡 This is a routine regulatory filing. Investors should monitor the company's upcoming quarterly financial results for material business updates.

Tasty Bite Reports FY26 Turnover of Rs 571.6 Cr; Exports Contribute 68.8%

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 22 Jul 2026, 11:06 PM

Tasty Bite Eatables has released its FY 2025-26 Business Responsibility and Sustainability Report, disclosing a turnover of Rs 571.62 crore and a net worth of Rs 342.01 crore. The company maintains a heavy export focus, with 68.8% of its revenue generated from 22 international countries. Product concentration remains high, with Ready-to-Eat (64.1%) and Formed Frozen products (35.9%) accounting for the entire turnover. While the company achieved 100% biomass-based steam generation, consumer complaints rose significantly to 200 from 111 in the previous year.

Reported total turnover of Rs 571.62 crore for the financial year 2025-26.
Exports contributed 68.80% of total turnover, serving 22 international markets.
Ready-to-eat products remain the primary revenue driver at 64.10% of turnover.
Consumer complaints increased by 80% year-on-year, reaching 200 instances in FY26.
Workforce composition shows a high reliance on non-permanent staff, with 1,073 out of 1,188 total workers being non-permanent.

💡 Investors should monitor the trend in consumer complaints and the company's ability to manage export margins given the 68.8% revenue dependency on international markets and the parent Mars Group's distribution.

Tasty Bite AGM on Aug 13; ₹10 Dividend and ₹100 Cr Related Party Transaction Limit Proposed

🟡 NEUTRAL ⭐ 5/10

ROUTINE 📅 22 Jul 2026, 10:49 PM

Tasty Bite Eatables has scheduled its 42nd Annual General Meeting (AGM) for August 13, 2026. The board has proposed a dividend of ₹10 per equity share for FY 2025-26, totaling approximately ₹2.57 crore. A significant agenda item is the approval of a ₹100 crore (INR 1,000 million) limit for material related party transactions with its holding company, Preferred Brands International, for FY 2027-28. Additionally, the company seeks to amend its Articles of Association to ensure all Executive Directors are liable to retire by rotation, aligning with modern governance standards.

Proposed dividend of ₹10 per equity share for the financial year ended March 31, 2026.
Seeking approval for Related Party Transactions (RPT) with Preferred Brands International Inc. up to ₹100 crore for FY 2027-28.
Proposed amendment to Article 121 of the Articles of Association to make Managing/Executive Directors liable to retire by rotation.
Remote e-voting period set from August 10, 2026 (9:00 AM) to August 12, 2026 (5:00 PM).
Reclassification of Whole-Time Director Mr. Shashank Shekhar as a director liable to retire by rotation.

💡 Investors should monitor the voting results of the AGM, particularly regarding the ₹100 crore RPT limit which represents a significant portion of the company's revenue stream.

Tasty Bite Eatables Schedules 42nd AGM for August 13, 2026

🟡 NEUTRAL ⭐ 3/10

BOARD_MEETING 📅 17 Jul 2026, 05:57 PM

Tasty Bite Eatables Limited has finalized the date for its 42nd Annual General Meeting (AGM) on August 13, 2026. The Board of Directors met on July 17, 2026, to approve the Notice of AGM, the Board Report, and the Management Discussion and Analysis (MDA). This is a routine administrative filing required by SEBI regulations. Investors should monitor the upcoming annual report for updates on the company's high-valuation business model (P/E of 228.7) and its export-heavy revenue structure.

42nd Annual General Meeting (AGM) scheduled for August 13, 2026
Board meeting concluded within 25 minutes (17:00 to 17:25 IST)
Approval of Management Discussion and Analysis (MDA) and Corporate Governance Report
Company maintains a high promoter holding of 74.23% as of March 2026

💡 Review the detailed Management Discussion and Analysis (MDA) once published for updates on the 15.6% growth in the Food Service business and export demand trends.

Tasty Bite Shareholders Approve 5 Resolutions Including Material Related Party Transactions

🟡 NEUTRAL ⭐ 4/10

REGULATORY 📅 04 Jul 2026, 03:53 PM

Tasty Bite Eatables has received shareholder approval for material Related Party Transactions (RPTs) with group entities including Preferred Brands International, Mars Food UK, and Mars Food US for FY 2026-27. The company also obtained post-facto approval for RPTs conducted during FY 2025-26. These approvals are critical as approximately 70% of the company's revenue is generated through exports, primarily routed through its holding company. All resolutions passed with over 99.9% of the votes cast in favor.

Approval of material RPTs with Preferred Brands International, Inc. for the upcoming FY 2026-27
Approval of material RPTs with Mars Food UK Limited and Mars Food US LLC for FY 2026-27
Post-facto approval granted for material RPTs entered into during the previous FY 2025-26
Revision in remuneration for Independent Director Mr. Rahul Bhatnagar approved with 99.97% majority
Total of 19,411 shareholders were on record for the voting process ending July 3, 2026

💡 Monitor quarterly disclosures to track the actual volume of transactions with Mars Group entities, which currently account for the majority of the company's Rs 267 Cr TTM revenue.

View All TASTYBITE Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

The Consumer Business (Ready-to-Eat) segment declined by 2.8% YoY to INR 3,827.58 million, while the Food Service Business (FFP and sauces) grew significantly by 15.6% YoY to INR 1,657.79 million.

Geographic Revenue Split

Exports account for approximately 70% of total revenue, primarily driven by the USA, Canada, UK, Australia, Germany, and France. Domestic revenues from India, Southeast Asia, and the Middle East contribute the remaining 30%.

Profitability Margins

Net Profit After Tax (PAT) margin declined from 7.4% in FY 2023-24 to 4.5% in FY 2024-25. This 38.32% drop in PAT to INR 256.08 million was driven by higher material costs and increased fixed costs.

EBITDA Margin

EBITDA stood at INR 703.68 million for FY 2024-25, representing a 23.6% YoY decline from INR 921.08 million, reflecting compressed operating margins due to commodity headwinds.

Capital Expenditure

The company is investing in production facilities to innovate and add new product lines, though it aims to reduce overall capital expenditure through efficient resource utilization. Specific INR values for planned capex were not disclosed.

Credit Rating & Borrowing

ICRA reaffirmed a long-term rating of [ICRA]A+ and a short-term rating of [ICRA]A1. The outlook was revised from Negative to Stable. The company utilizes low-cost foreign currency borrowings with a moderate working capital utilization of 33%.

⚙️ Operational Drivers

Raw Materials

Key raw materials include agricultural commodities and packing materials. These are subject to market volatility, which impacted margins in recent quarters.

Import Sources

Sourced primarily from India for domestic production, with global supply chain dependencies for international distribution through the Mars Group network.

Capacity Expansion

Current capacity is not specified in MT; however, the company is expanding by adding new product lines and launching meal kits for Tier-II and Tier-III Indian cities.

Raw Material Costs

Raw material costs increased during the period, contributing to a 37% decline in Return on Capital Employed (ROCE) from 19.6% to 12.3%. Procurement strategies include locking in prices for important ingredients and using a mix of long-term and short-term contracts.

Manufacturing Efficiency

The company employs a 'Quality Management System' and 'Objectives and Key Results' (OKRs) to drive operational excellence and reduce waste across the supply chain.

Logistics & Distribution

Distribution is managed through a well-established network in the USA and affiliate markets. Freight and logistics costs were cited as a primary reason for margin compression in previous cycles.

📈 Strategic Growth

Expected Growth Rate

2.70%

Growth Strategy

Growth is targeted through the expansion of the Tasty Bite Food Service (TFS) business, which grew 15.6% recently, and by launching meal kits for health-conscious families in major Indian cities. The company leverages the Mars Group's global distribution network to deepen market penetration in the US and Europe.

Products & Services

Ready-to-Eat (RTE) meals, Formed Frozen Products (FFP), specialty sauces, and meal kits.

Brand Portfolio

Tasty Bite

New Products/Services

New product lines include meal kits for Indian urban markets and organic product innovations for export markets.

Market Expansion

Targeting Tier-II and Tier-III cities in India and expanding the food service range in Southeast Asia and the Middle East.

Strategic Alliances

The company is a subsidiary of the Mars Group (Mars, Incorporated), which provides access to global retail networks and distribution expertise.

🌍 External Factors

Industry Trends

The QSR industry is showing resilience with consistent growth. There is a rising global preference for Indian cuisine and healthy, plant-based Ready-to-Eat options, which aligns with the company's 15.6% growth in food services.

Competitive Landscape

Operates in an intensely competitive processed foods industry dominated by large global players, particularly in the mature US market.

Competitive Moat

Sustainable advantages include the strong 'Tasty Bite' brand reputation, technological barriers for niche domestic products, and the massive distribution reach of the parent Mars Group.

Macro Economic Sensitivity

Highly sensitive to global inflation and commodity cycles; a rise in material costs led to a 23.6% decline in EBITDA.

Consumer Behavior

Shifting towards convenient, organic, and health-conscious food options, prompting the launch of new meal kits and organic variants.

Geopolitical Risks

Exposed to trade regulations and geopolitical issues affecting the US market, which is its most critical export destination.

⚖️ Regulatory & Governance

Industry Regulations

Compliance with global food safety standards including CT-PAT (Customs Trade Partnership against Terrorism), Halal (MUI and India), Kosher, and Organic Regime (Canada).

Environmental Compliance

Investments are being made in renewable energy and carbon footprint minimization to meet regulatory requirements and lead in sustainable food manufacturing.

Taxation Policy Impact

The company is subject to standard corporate tax laws; fiscal policy changes regarding export benefits (like the discontinuation of Transport and Marketing Assistance) have previously reduced other income.

Legal Contingencies

Statutory auditors have issued an unmodified audit report, indicating no major undisclosed legal or financial irregularities.

⚠️ Risk Analysis

Key Uncertainties

Raw material price volatility and supply chain disruptions are primary risks that could impact profitability by over 30% as seen in the recent PAT decline.