Bikaji Foods International Ltd reported a sharp improvement in profitability in the third quarter of FY26, backed by steady demand for ethnic snacks in India and rising traction across export markets. The company delivered double digit revenue growth alongside a significant expansion in margins, highlighting improved operating efficiency and scale benefits.
For the quarter, Bikaji recorded revenue growth of 10.7 percent year on year, supported by higher volumes across its core product portfolio and wider distribution reach. Despite inflationary pressures in the broader FMCG landscape, organised branded snacks continued to see strong consumer preference, aiding consistent topline performance.
Profitability emerged as the standout metric for the quarter. Profit after tax jumped more than 122 percent compared to the same period last year. The sharp rise was driven by operating leverage, better cost control and an improvement in EBITDA margins. Management indicated that easing raw material prices, tighter pricing discipline and supply chain efficiencies contributed to margin expansion.
Ethnic snacks remained the company’s largest and fastest growing segment. Products such as bhujia, namkeen and region specific snacks saw healthy demand across urban and semi urban markets. Western snacks and papad also posted solid growth, reflecting increasing acceptance of packaged snack formats among younger consumers. The packaged sweets business saw a temporary dip during the quarter due to changes in festive demand timing, though performance for the full year remains stable.
Exports played an important role in the quarter’s performance, registering strong year on year growth. International markets including North America and the Middle East continued to show rising demand for Indian ethnic foods. The export mix also supported profitability due to better realisations and scale efficiencies.
Alongside financial results, Bikaji announced a series of strategic moves. The board approved a ₹50 crore investment into its retail subsidiary to accelerate omni channel expansion and strengthen direct consumer engagement. The company also outlined plans to enter the frozen foods and bakery segments through a joint venture, marking its expansion into high growth convenience categories. Additional investments were approved to support partner manufacturing units and reinforce long term supply stability.
With strong fundamentals, expanding exports and a diversifying portfolio, Bikaji Foods remains well positioned to sustain growth while maintaining margin discipline in the coming quarters.
