Net profit of Tasty Bite Eatables rose 33.28% to Rs 7.69 crore in the quarter ended June 2019 as against Rs 5.77 crore during the previous quarter ended June 2018. Sales rose 20.47% to Rs 90.59 crore in the quarter ended June 2019 as against Rs 75.20 crore during the previous quarter ended June 2018.

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The Board of Tasty Bite Eatables at its meeting held on 12 July 2019 has approved the preferential allotment of up to 15,500 equity shares of face value Rs 10/- each (Equity Shares) for cash at a price of Rs 9,030/- (including a premium of Rs 9,020/- per Equity Share) to Preferred Brands Foods (India) (PBFIPL), for a total consideration of Rs 13.99 crore.

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Tasty Bite Eatables announced that the Annual General Meeting (AGM) of the company will be held on 8 August 2019.

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The announcement was made after market hours yesterday, 9 July 2019.

Meanwhile, the S&P BSE Sensex was down by 92.92 points, or 0.24% to 38,637.90.

On the BSE, 328 shares were traded in the counter so far compared with average daily volumes of 142 shares in the past two weeks. The stock had hit a high of Rs 10,164.95 and a low of Rs 8899 so far during the day. It hit a 52-week high of Rs 11,371.65 on 31 August 2018 and a 52-week low of Rs 7020.65 on 19 July 2018.

Further, the firm said it will consider Q1 June 2019 results on Wednesday, 7 August 2019.

Tasty Bite Eatables' net profit rose 3.5% to Rs 8.03 crore on a 15.1% rise in the net sales to Rs 85.21 crore in Q4 March 2019 over Q4 March 2018.

Tasty Bite Eatables manufactures and markets specialty foods.

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