Thursday, October 24, 2024

Bikaji Foods International Ltd. Press Release - Financial Results for Q2FY25



Bikaner, 24th October 2024:

Bikaji Foods International Limited (Bikaji), India’s third largest ethnic snacks manufacturer and the second fastest growing company in the Indian organized snacks market, today announced its financial results for the second quarter ended September 30th, 2024.



  Financial Overview


Q2FY25 V/S Q2FY24



Financial Performance Summary:

Revenue from operation grew by 18.5% YoY to Rs. 7,212 mn with Volume growth of 15.0% YoY

EBITDA grew by 21.7% YoY to Rs. 1,067 mn with a margin of 14.8% (up 39 bps YoY) led by strong festive demand

Profit After Tax (PAT) grew by 14.7% YoY to Rs. 686 mn

Earnings per share (EPS) (Basic) stood at Rs. 2.76


Business Segments Review:

Ethnic Snacks: Revenue grew by 10.5% YoY; constitutes 63.8% of overall revenue

Packaged Sweets: Revenue grew by 22.0% YoY; constitutes 17.5% of overall revenue

Western Snacks: Revenue grew by 23.2% YoY; constitutes 8.3% of overall revenue

Papad: Revenue grew by 26.2% YoY; constitutes 4.1% of overall revenue


H1FY25 V/S H1FY24



Financial Performance Summary:

Revenue from operation grew by 18.6% to Rs. 12,933 mn with Volume growth of 15.5%

EBITDA grew by 29.2% to Rs. 1,983 mn with a margin of 15.3% (up 126 bps YoY) led by strong festive demand

Profit After Tax (PAT) grew 25.1 % to Rs. 1,266 mn

Earnings per share (EPS) (Basic) stood at Rs. 5.10

 


Business Segments Review:

Ethnic Snacks: Revenue grew by 13.1 %; constitutes 67.8% of overall revenue

Packaged Sweets: Revenue grew by 22.7%; constitutes 13.1% of overall revenue

Western Snacks: Revenue grew by 24.5%; constitutes 8.8% of overall revenue

Papad: Revenue grew by 19.4%; constitutes 4.9% of overall revenue



Deepak Agarwal

Managing Director,

Bikaji Foods International Limited.

“We are delighted to inform our stakeholders that our company has demonstrated strong performance across all the categories. This quarter we have witnessed a significant jump in revenue and profit margins. This surge in growth is due to the demand in Ethnic Snacks and Packaged Sweets on account of Festive seasonality impact. Overall contribution of Packaged Sweets has jumped to 17.5% this quarter, which is again due to festive play. Despite facing significant inflationary challenges, we successfully maintained our margin profile while achieving robust volume growth. Strategic cost management and effective pricing strategies enabled us to navigate this environment, ensuring both profitability and market competitiveness.”



About Bikaji Foods International Ltd. (https://www.bikaji.com//)


Bikaji Foods International is the third largest ethnic snacks company in India with an international footprint, selling Indian snacks and sweets, and is the second fastest growing company in the Indian organised snacks market. (Source: F&S Report) Shiv Ratan Agarwal launched the Bikaji brand in the year 1993 with an in-depth understanding of Indian tastes and preferences. The company as of March 31, 2024, has operations in 25 states and four union territories in India. The company also 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.




Neha Rao

Bikaji Foods International Limited

Tel: +91 98990 52468

Email: neha@bikaji.com

Athira V Sunil

Concept Public Relations India Limited

Tel: +91 99872 89750

Email: athira.v@conceptpr.com






DISCLAIMER:

Certain statements that are made in the Press Release may be forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties like significant changes in economic environment in India and overseas, tax laws, inflation, litigation, etc. Actual results might differ substantially from those expressed or implied. Bikaji Foods International Ltd. will not be in any way responsible for any action taken based on such statements and discussions; and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.


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