*Mrs. Bectors Food Specialities Ltd.* | *CMP* Rs. 1490 | *M Cap* Rs. 9145 Cr | *52 W H/L* 2196/1188 (Nirmal Bang Retail Research) *Result is below expectations* Revenue from Operations came at Rs. 446.1 Cr (-9.4% QoQ, 9.8% YoY) vs expectation of Rs. 461.5 Cr, QoQ Rs. 492.1 Cr, YoY Rs. 406.4 Cr Gross Profit came at Rs. 197.6 Cr, QoQ Rs. 221.8 Cr, YoY Rs. 194 Cr Gross Profit Margins came at 44.3%, QoQ 45.1%, YoY 47.7% EBIDTA came at Rs. 55.6 Cr (-9.6% QoQ, -5.3% YoY) vs expectation of Rs. 61.3 Cr, QoQ Rs. 61.4 Cr, YoY Rs. 58.6 Cr Margins (%) came at 12.5% vs expectation of 13.3%, QoQ 12.5%, YoY 14.4% Adj. PAT came at Rs. 34.3 Cr vs expectation of Rs. 33.8 Cr, QoQ Rs. 34.6 Cr, YoY Rs. 33.6 Cr Quarter EPS is Rs. 5.6 Share is trading at P/E of 48.7x FY26E EPS