Mrs Bector's: A sad drama or a happy ending?

Opening act The year is 1978. Rajni Bector, a housewife, starts a home business and makes ice creams, puddings, and salads for weddings in and around Punjab and Haryana. And Mrs Bector's Food Specialities is birthed. Fast forward to 2022. The same business now is the largest Indian supplier to quick-service giants, such as McDonald's, KFC and Burger King, and is a global brand supplying biscuits to over 63 countries. Not just that, its brands, English Oven, Cremica, and many others, are household names all across India. A happy beginning indeed. But every movie needs a villain. Enters Russia-Ukraine conflict. Enters the villain In 2022, the Russia-Ukraine conflict led to a rapid rise in raw material prices for food manufacturers like Mrs Bector. Its earnings took a hit, investors lost faith, and the stock went on