Tasty Bite Eatables Ltd., founded in 1985, has established itself as a key player in the FMCG sector, particularly in the ready-to-eat (RTE) and ready-to-cook (RTC) segments. The company offers a wide range of 100% vegetarian products, including entrees, sauces, and rice, all made from responsibly sourced ingredients. These products are available in various formats such as shelf-stable, frozen, and chilled, catering to a diverse global consumer base. Tasty Bite’s reach extends beyond India, with a significant presence in international markets like the USA, Australia, the UK, Germany, and Canada.
In addition to its focus on quality, Tasty Bite is deeply committed to sustainability, employing eco-friendly initiatives such as solar panels, a biogas plant, and an effluent treatment facility to reduce its carbon footprint. Innovation is a core aspect of its operations, with the Tasty Bite Research Centre (TBRC) continually developing new products that are preservative-free and in line with global food trends. Through its dedication to responsible sourcing, sustainability, and innovation, Tasty Bite has grown to become a trusted and respected name in the ethnic food industry worldwide.
As of September 29, 2024, Tasty Bites is trading at Rs.12,770 per share with a market cap of 3,277 Cr INR.
Latest news about Tasty Bite Eatables Ltd
Tasty Bite Eatables Ltd. recently announced key updates regarding its management and stock performance. On September 9, 2024, the company confirmed the completion of tenure for Mr. Kavas Patel, who had been serving as an Independent Director. This marks a notable shift in leadership within the company.
In terms of stock performance, Tasty Bite Eatables witnessed a significant rally, with its stock rising over 13% in a four-day span. However, the stock still remains 31% below its record high from August 2023. Financially, for the quarter ending June 2024, the company reported standalone net sales of ₹85.29 crore, marking a 44.52% year-over-year decline. The company also held its 40th Annual General Meeting on August 8, 2024, with the video recording available on their website for shareholders.
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | |
| Promoters + | 74.23% | 74.23% | 74.23% | 74.23% | 74.23% |
| FIIs + | 3.61% | 3.73% | 3.77% | 4.12% | 4.12% |
| DIIs + | 0.62% | 0.48% | 0.47% | 0.47% | 0.47% |
| Public + | 21.53% | 21.57% | 21.50% | 21.16% | 21.17% |
| No. of Shareholders | 15,348 | 13,702 | 13,937 | 13,250 | 14,820 |
The shareholding pattern of Tasty Bite Eatables Ltd. over the period from June 2023 to June 2024 remained relatively stable, particularly in the promoter holdings, which consistently stood at 74.23%. Foreign Institutional Investors (FIIs) showed a gradual increase in their stake, rising from 3.61% in June 2023 to 4.12% by March 2024, and remaining constant thereafter. Domestic Institutional Investors (DIIs) maintained a minor but consistent holding, slightly declining from 0.62% in June 2023 to 0.47% from December 2023 onwards. Public shareholding also stayed relatively stable, fluctuating slightly between 21.53% and 21.17%.
The number of shareholders saw some variation during this period, dropping from 15,348 in June 2023 to 13,250 by March 2024, before rising again to 14,820 in June 2024. This indicates a modest reshuffling in the investor base, but the overall structure remained consistent throughout the year.
Below are the trading platforms that you can use to purchase Tasty Bite Eatables Ltd shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| October 2024 | 13,244.15 | 11,516.66 |
| November 2024 | 13,773.92 | 11,977.32 |
| December 2024 | 13,911.66 | 12,097.10 |
As we approach October 2024, Tasty Bite Eatables Ltd is expected to see its maximum price reaching ₹13,244.15, while the minimum price could dip to ₹11,516.66. In November 2024, the stock may experience further growth, with the maximum price anticipated to rise to ₹13,773.92 and the minimum settling at ₹11,977.32. By December 2024, Tasty Bite Eatables Ltd is forecasted to close the year with a maximum price of ₹13,911.66 and a minimum of ₹12,097.10, marking a strong end to the year.
| When | Maximum Price | Minimum Price |
| January 2025 | 14,050.78 | 10,808.29 |
| February 2025 | 14,192.70 | 10,917.46 |
| March 2025 | 14,490.75 | 11,146.73 |
| April 2025 | 14,347.28 | 11,036.37 |
| May 2025 | 13,929.40 | 10,714.92 |
| June 2025 | 14,556.22 | 11,197.09 |
| July 2025 | 14,270.80 | 10,977.54 |
| August 2025 | 14,712.17 | 11,317.05 |
| September 2025 | 14,888.71 | 11,452.86 |
| October 2025 | 15,275.82 | 11,750.63 |
| November 2025 | 15,657.71 | 12,044.40 |
| December 2025 | 16,362.31 | 12,586.39 |
As we move through 2025, Tasty Bite Eatables Ltd is expected to see steady price growth. In January, the stock may reach a maximum of ₹14,050.78 and a minimum of ₹10,808.29. By June, the maximum could rise to ₹14,556.22 and the minimum to ₹11,197.09. As we move into October, prices are projected to peak at ₹15,275.82, with a minimum of ₹11,750.63. By December 2025, Tasty Bite Eatables Ltd is anticipated to close the year at a maximum of ₹16,362.31 and a minimum of ₹12,586.39.
| Year | Maximum Price | Minimum Price |
| 2026 | ₹19,287.97 | ₹12,639.89 |
| 2027 | ₹23,284.19 | ₹14,985.27 |
| 2028 | ₹28,386.69 | ₹18,269.14 |
| 2029 | ₹34,607.34 | ₹22,272.63 |
| 2030 | ₹42,191.19 | ₹27,153.45 |
Over the coming years, Tasty Bite Eatables is expected to see significant price movements. In 2026, the stock could reach a maximum of ₹19,287.97 and a minimum of ₹12,639.89. By 2027, prices may climb further, with a maximum of ₹23,284.19 and a minimum of ₹14,985.27. In 2028, Tasty Bite Eatables is projected to see a peak at ₹28,386.69 and a low of ₹18,269.14. As we approach 2029, the maximum could rise to ₹34,607.34 and the minimum to ₹22,272.63. By 2030, Tasty Bite Eatables is anticipated to reach a maximum of ₹42,191.19 and a minimum of ₹27,153.45.
Financial Condition of Tasty Bite Eatables Ltd: Last 5 years
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 426 | 385 | 372 | 476 | 540 | 472 |
| Expenses + | 381 | 332 | 338 | 411 | 464 | 429 |
| Operating Profit | 45 | 54 | 34 | 65 | 76 | 43 |
| OPM % | 11% | 14% | 9% | 14% | 14% | 9% |
| Other Income + | 29 | 19 | 13 | 13 | 16 | 15 |
| Interest | 4 | 3 | 8 | 9 | 7 | 6 |
| Depreciation | 17 | 17 | 24 | 27 | 30 | 30 |
| Profit before tax | 53 | 53 | 14 | 41 | 56 | 22 |
| Tax % | 23% | 25% | 29% | 26% | 25% | |
| Net Profit + | 41 | 39 | 10 | 30 | 42 | 16 |
| EPS in Rs | 159.24 | 153.31 | 40.26 | 117.73 | 161.81 | 64.19 |
| Dividend Payout % | 1% | 1% | 2% | 2% | 1% |
Tasty Bite Eatables Ltd has experienced fluctuating financial performance over the past five years. From March 2020 to March 2024, the company’s sales grew from ₹426 crore to ₹540 crore, though the trailing twelve months (TTM) show a slight dip to ₹472 crore. Expenses have followed a similar trajectory, rising from ₹381 crore in 2020 to ₹464 crore in 2024, with the TTM figure at ₹429 crore. Operating profit showed some variability, peaking at ₹76 crore in 2024, but dropping to ₹43 crore in the TTM, reflecting a decrease in the operating profit margin (OPM%) from 14% in March 2024 to 9% in the TTM.
Other income has remained relatively stable, while interest costs have fluctuated, peaking at ₹9 crore in 2023 but decreasing to ₹6 crore in the TTM. Depreciation has steadily increased from ₹17 crore in 2020 to ₹30 crore in 2024. Profit before tax (PBT) fluctuated significantly, peaking at ₹56 crore in 2024 but declining to ₹22 crore in the TTM. Net profit followed a similar trend, growing to ₹42 crore in 2024, but dropping sharply to ₹16 crore in the TTM. EPS grew to ₹161.81 in 2024 before falling to ₹64.19 in the TTM. The company has maintained a modest dividend payout ratio, hovering around 1-2% during this period.
FAQS
Tasty Bite Eatables Ltd’s share price has seen steady growth in recent years, with a few fluctuations due to market conditions.
While there is no official share price target for Tasty Bite Eatables Ltd for 2024, some experts predict that the company’s share price could continue to grow upto ₹13,911.66 by the end of 2024
While reach 20,000 INR by 2025 is difficult, our analysts believe that Tasty Bite Eatables Ltd’s share price could potentially reach ₹16,362.31 INR by the end of 2025. We expect Tasty Bite shares to cross Rs.50,000 by 2032.
As per our analysis, we expect Tasty Bite Eatables to reach ₹42,191.19 by the end of 2030
Several factors could influence Tasty Bite Eatables Ltd’s share price in the coming years. These factors include overall market conditions, consumer demand for vegetarian and ethnic food products, the company’s financial performance, competitive landscape, expansion into new markets, and any regulatory changes affecting the food industry. It’s important to note that share prices can be influenced by a wide range of factors and may fluctuate accordingly.
Is Tasty Bite Eatables Ltd a good stock to buy?
Many investors consider Tasty Bite Eatables Ltd to be a good long-term investment, given the company’s strong financial performance and growth potential.
Does Tasty Bite Eatables Ltd have any plans for expansion in the coming years?
Tasty Bite Eatables Ltd has announced plans to expand its product line and increase its production capacity in the coming years, which could potentially drive further growth for the company.
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Conclusion
Tasty Bite Eatables Ltd has demonstrated resilience and growth in the face of market fluctuations over the past five years. Despite challenges, the company has successfully expanded its sales from ₹426 crore in 2020 to ₹540 crore in 2024, with a strong focus on sustainability, innovation, and responsible sourcing. While operating profit margins have shown some variability, they maintained a healthy level of 14% in 2024, reflecting operational efficiency. Furthermore, the steady increase in promoter holdings and a stable shareholding pattern underscore investor confidence. With promising price projections reaching ₹16,362.31 by the end of 2025 and a potential peak of ₹42,191.19 by 2030, Tasty Bite is well-positioned for long-term growth. The company’s strategic focus on product innovation and international market expansion solidifies its standing as a trusted name in the global ethnic food industry.
I personally do not hold Tasty Bite shares at the time of writing.
What did we learn?
- 1 Latest news about Tasty Bite Eatables Ltd
- 2 Shareholding Patterns of Tasty Bite Eatables Ltd
- 3 How to purchase Tasty Bite Eatables Ltd shares?
- 4 Tasty Bite Eatables Ltd Share Price Prediction: 2024 to 2030
- 5 Financial Condition of Tasty Bite Eatables Ltd: Last 5 years
- 6 FAQS
- 6.1 What has been Tasty Bite Eatables Ltd’s share price performance in recent years?
- 6.2 What is the share price target for Tasty Bite Eatables Ltd for 2024?
- 6.3 Can Tasty Bite Eatables Ltd’s share price reach 20,000 INR by 2025?
- 6.4 What is Tasty Bite Eatables share price target of 2030?
- 6.5 What factors could influence Tasty Bite Eatables Ltd’s share price in the coming years?
- 6.6 Is Tasty Bite Eatables Ltd a good stock to buy?
- 6.7 Does Tasty Bite Eatables Ltd have any plans for expansion in the coming years?
- 7 Conclusion
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