Bikaji Foods International‘s share price jumped 9.82% to INR 918 per share on the Bombay Stock Exchange (BSE) in Friday’s intraday trades after the company posted decent earnings for Q2 FY25.
Bikaji sees revenue growth to INR 68.6 cr
The snack maker reported a profit of INR 68.6 crore for the quarter ended September, up from INR 59.8 crore in the same quarter last year, marking a 14.71% year-on-year (YoY) increase in an exchange filing. Revenue rose by 19% year-on-year to INR 721.2 crore during this period, according to an exchange filing on Thursday.
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For the quarter ending September, the snack company announced a profit after tax of INR 68.6 crores, increasing from INR 59.8 crores in the previous year’s corresponding quarter. This translates to a 14.71% year-on-year (YoY) growth in net profit as reported in the exchange filing. Driven by such growth, it has been reported that revenue increased at 19% year-on-year to INR 721.2 crores during the period.
Bikaji’s EBITDA rises to INR 106.7 cr
Operating income EBITDA increased by 22% to INR 106.7 crore, with the EBITDA margin rising to 14.8% from 14.4% a year ago. Analysts had expected slightly higher numbers, at INR 109 crore and a 15.3% margin.
Meanwhile, revenue from papads grew by 26%, while western snacks and packaged sweets increased by 23% and 22%. Ethnic snacks revenue rose by 10.5%, making up 63.8% of overall revenue. Papads contributed 4.1%, western snacks 8.3%, and packaged sweets 17.5%.
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Furthermore, Managing Director Deepak Agarwal commented, “This quarter, we have witnessed a significant jump in revenue and profit margins. This surge in growth is due to the strong demand for ethnic snacks and packaged sweets, driven by the festive seasonality.”
Notably, Bikaji Foods International is the third largest ethnic snacks maker in India, selling Indian snacks and sweets globally. It’s the second fastest-growing company in India’s organised snacks market. Their products include bhujia, namkeen, packaged sweets, papad, western snacks, and other snacks like gift packs, frozen food, mathri, and cookies.
