Review

TASTY BITE EATABLES 

Ticker : 519091 
FV : Rs 10 
52-Week H/L : Rs 13,747.10/7,442.55

We had previously recommended Tasty Bite Eatables Limited in vol. 36, no. 37, dated July 6, 2020, when the scrip was trading at Rs 12,648.90 and was recommended based on the company’s impressive growth in revenue and profitability. It is engaged in the business of manufacturing and selling prepared foods. It offers a range of ready-to-serve (RTS) ethnic food products under the brand name-Tasty Bite and Frozen Formed Products (FFP). On a standalone quarterly front, the net sales of the company grew by 34.72 per cent in Q4FY20 to Rs 114.79 crore from Rs 85.20 crore posted for Q4FY19. PBDT for Q4FY19 decreased by 1.56 per cent to Rs 16.03 crore as compared to Rs 16.29 crore in Q4FY19. The company gained a net profit of Rs 8.53 crore in Q4FY20, rising by 6.2 per cent from Rs 8.04 crore gained inQ- 4FY19. Apart from continuous steady growth, the company has successfully launched new products with innovation thus, leaning towards a positive outlook for itself. Hence, we recommend a HOLD.