Bikaji Foods International Limited, a leading Indian ethnic snacks company with a global presence, has announced its financial results for the quarter that ended on December 31, 2022. They specialize in selling Indian snacks and sweets and are considered to be the second fastest growing company in the Indian organized snacks market.
Bikaji Foods International Limited (BFIL) has reported a total income of Rs 511.26 crore for the quarter that ended December 31, 2022. It has increased by 15.83 per cent as compared to Rs 441.37 crore of income during the quarter ending December 31, 2021.
The key financials of Bikaji Foods from the FY Report are as follows:
- The company’s total income for Q3 FY23 increased to INR 50,767.76 lakh from INR 43,897.60 lakh in Q3 FY22, representing a growth of 15.7%.Â
- The EBITDA margin increased to 10.4% from 5.6% in the previous year. The PBT for Q3 FY23 was INR 4,161.86 lakh, with a PBT margin of 8.2%, compared to 3.6% in Q3 FY22.Â
- The PAT for Q3 FY23 was INR 3,169.39 lakh, with a PAT margin of 6.2%, compared to 2.4% in Q3 FY22.Â
- The EPS (diluted) for the quarter ended Q3 FY23 was INR 1.32.
The company said in a stock exchange filing that the Board of Directors in its meeting held on Wednesday has reappointed Sachin Kumar Bhartiya as a Non-Executive and Non-Independent Director of the Company after Nidhi Ghuman resigned due to her preoccupation with effect from January 25 subject to the approval of Shareholders.
The company has also announced in the regulatory filing that it has approved the scheme of amalgamation of Fast Moving Consumer Goods (FMCG) firm Hanuman Agrofood Private Limited (HAPL) with Bikaji. By acquiring 10,000 equity shares, HAPL will become the wholly owned subsidiary of BFIL, and HAPL will manufacture food items as Contract Manufacturing for BFIL.
Deepak Agarwal, Managing Director, Bikaji Foods International Limited said, “Taking the lead from the previous quarter, we have seen an increase in our revenue as compared to the last year with our topline delivering 24.2 percent growth this year. In the current quarter, we have seen a downward trend in our key input materials leading to improved profitability. Our EBITDA margin has increased to 10 per cent YoY.”
