Review

TASTY BITE EATABLES LTD. 

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

We had previously recommended Tasty Bite Eatables in vol. 36, no. 37, dated July 06, 2020, when the scrip was trading at Rs 12,648.90. It was recommended based on the company's impressive growth in revenue and profitability. Tasty Bite Eatables is engaged in the business of manufacturing and selling prepared foods. On a standalone quarterly front, the company reported net sales of Rs 53.72 crore in Q1FY21, down by 40.69 per cent from Rs 90.59 crore in Q1FY20. The operating profit of the company was reported at Rs 5.97 crore in Q1FY21, decreasing by 60.56 per cent from Rs 15.14 crore in Q1FY20. Net profit after tax came in at Rs 1.42 crore in Q1FY21 from Rs 7.69 crore in the Q1FY20, contracting by 81.57 per cent. 

The company’s growth and financial performance in the last fiscal year were quite impressive. It has also adapted to the changes caused by the pandemic and expects the demand for its products to bounce back. Hence, we recommend to HOLD.