Q1FY21 results: Tasty Bite Eatables net profit falls by 81.57 per cent YoY

Tasty Bite Eatables Limited, a consumer packaged goods company, announced its quarterly results on August 5, 2020. The company posted a consolidated net profit of Rs 1.42 crore for Q1FY21, which declined by 81.57 per cent YoY, as compared to Q1FY20 when it reported Rs 7.69 crore.                                                                                                                                                           

The consolidated net sales reported in Q1FY21 came in at Rs 53.81 crore, which declined by 40.77 per cent YoY from Rs 90.85 crore in Q1FY20. At EBITDA level, the company stood at Rs 2.39 crore in Q1FY21 that decreased by 70.49 per cent YoY. For Q1FY20, it posted an EBITDA of Rs 8.1 crore.                                                                                                                                                       

EBITDA margin as of Q1FY21 was at 4.44 per cent that declined by 4.48 per cent YoY. The net profit margin in Q1FY21 came in at 2.63 per cent, which declined by 5.83 per cent YoY. The net profit margin in Q1FY20 was at 8.46 per cent.

The share of the company closed 3.86 per cent down at Rs 12,229. It has a 52 week high of  Rs 13,747.10 and 52 week low of Rs 7,442.55 on BSE.