Bikaji Foods International Ltd released its fiscal second quarter earnings with profit at Rs 69.16 crore, up 13.0 per cent in comparison to Rs 61.19 crore during the same period of previous financial year. It posted revenue from operations at Rs 721.17 crore, up 18.5 per cent as against Rs 608.69 crore during the corresponding quarter of FY24. The company EBITDA stood at Rs 89.6 crore, up 3 per cent YoY. Bikaji Foods posted volume growth of 15.0 per cent YoY.
For H1, Bikaji Foods posted revenue growth of 18.6 per cent to Rs 1293.30 crore, with volume growth of 15.5 per cent. EBITDA for the period grew by 29.2 per cent to Rs 198.30 crore with a margin of 15.3 per cent (up 126 bps YoY) led by strong festive demand. Profit for H1 stood at Rs 126.60 crore.
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Performance across segments
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Bikaji Foods’ ethnic snacks category posted revenue growth of 10.5 per cent YoY during the second quarter of FY25, which constituted 63.8 per cent of the overall revenue. Packaged sweets posted revenue growth of 22.0 per cent YoY, making up 17.5 per cent of overall revenue. Western snacks recorded revenue growth of 23.2 per cent YoY and contributed to 8.3 per cent of the overall revenue. Papad, meanwhile, grew by 24.2 per cent YoY.
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 per cent this quarter, which is again due to festive play.”
“Despite facing significant inflationary challenges,
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