Bikaji Foods International Limited (Bikaji), India’s third largest ethnic snacks manufacturer and the second fastest growing company in the Indian organized snacks market, has announced its financial results for the fourth quarter and year ended June 30th, 2024.
In Q1FY25, Bikaji’s revenue from operation grew 18.7% YoY to Rs 5,722 million (Rs 572.2 crore) with volume growth of 16.2 % YoY. EBITDA grew 39.2% YoY to Rs.916 mn with a margin of 16.0%
Profit after tax (PAT) grew 40.2% YoY to Rs 581 mn
In ethnic snacks, revenue grew by 16.0% YoY. This segment constitutes 75.3% of overall revenue. In packaged sweets, revenue grew by 12.3% YoY – it constitutes 7.9% of overall revenue. Western snacks revenue grew by 26.0% YoY. This category constitutes 9.8% of overall revenue. Papad revenue grew by 14.0% YoY. It constitutes 6.1% of overall revenue.
Deepak Agarwal, managing director, Bikaji Foods International, said, “This quarter our company continued to demonstrate strong growth and financial resilience. We are pleased to report a 17.1% value growth in snacks category (traditional and western) with underlying volume growth of 18.5%. Traditional snacks which is our core strength, delivered a value growth of 16.0% and western snack delivered a healthy value growth of 26.0%. Our EBITDA for the quarter improved by 240 bps year-over-year, reaching 916 million, reflecting our commitment to operational efficiency and disciplined cost management.
While raw material costs increased during the quarter, proactive hedging strategies mitigated the impact on our margins. Overall, this quarter marked by substantial achievements in volume growth and EBITDA performance. We are confident in our ability to navigate challenges and capitalize on opportunities as we progress towards our strategic objectives.”
Bikaji Foods International has operations in 25 states and four union territories in India. The company exports its products to 25 international countries, including North America, Europe, the Middle East, Africa, and Asia Pacific.
Bikaji Foods’ product range includes six principal categories: bhujia, namkeen, packaged sweets, papad, western snacks as well as other snacks which primarily include gift packs (assortment), frozen food, mathri range, and cookies.
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Naresh Khanna – 10 February 2025
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