homebusiness Newscompanies NewsCompany's RoCE has improved from 18% in FY18 to 24% in H1FY21: Bectors Food’s Anoop Bector
Company's RoCE has improved from 18% in FY18 to 24% in H1FY21: Bectors Food’s Anoop Bector
Biscuits and bakery products maker Bectors Food Specialties opens its Rs 540-crore maiden public issue for subscription on Tuesday with a price band of Rs 286-288 per share.
Biscuits and bakery products maker Bectors Food Specialties opens its Rs 540-crore maiden public issue for subscription on Tuesday with a price band of Rs 286-288 per share.
CNBC-TV18’s Mangalam Maloo caught up with Anoop Bector, Managing Director of Bectors Food Specialities and talked about why the company's EBITDA margins are lower than some of its peers despite gross margins being among the highest in the industry.
“We have been in the establishment and infrastructure build-up phase in the first two years and we have made a very large investment from 2018- 2020. Around Rs 250 crore were invested in building up one of the finest infrastructure.”
Bector said, “This year our domestic biscuits business has shown great numbers, as a company we have grown by 18 percent.”
“Today our RoCE is at 24 percent and ROE is at 22 percent, on annualised number, this is for the first half. We have shown exceptionally good numbers in this first half of these years.”
On market share, he said, “Industry size is Rs 45,000 crore, it is growing at 9 percent. For us as a company, we are a North Indian brand and we have a 4.5 percent market share in the premium and mid-premium segment of the biscuit side of the business.”
To know more, watch this interview.
(Edited by : Bivekananda Biswas)
First Published: Dec 15, 2020 3:54 PM IST
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