Bikaji Foods International Ltd Share Price – NSE  / BSE

FMCG, Small Cap

Bikaji Bakes (BBPL) will focus on manufacturing, distributing, and operating outlets for a wide range of bakery products, including frozen bread, cakes, gluten-free items, croissants, viennoiserie, and other bakery offerings.

As part of the incorporation, Bikaji Foods International (BFIL) has acquired 10,000 equity shares in BBPL, each with a face value of Rs 10, amounting to a total investment of Rs 1,00,000.

The BBPL has become a related party of BFIL, Notably, Deepak Agarwal and Shweta Agarwal, members of BFIL's promoter group, is also directors at BBPL. The transaction was conducted on an arm's length basis.

Bikaji Foods International is the third largest ethnic snacks company in India with an international footprint, selling Indian snacks and sweets, and is among the fastest growing companies in the Indian organised snacks market.

The company reported 14.7% rise in net profit to Rs 68.6 crore on a 26% increase in total revenue from operations to Rs 721.2 crore in Q2 FY25 over Q2 FY24.

Powered by Capital Market - Live News

Sales volume rose by 15% to 39,607 tonnes in Q2 FY25 from 34,444 tonnes in Q2 FY24.

Ethnic Snacks revenue grew by 10.5% YoY and constituted 63.8% of overall revenue. Revenue from Packaged Sweets rose by 22% YoY and accounted for 17.5% of overall revenue. The growth in revenues from Western Snacks and Papad was 23.2% and 26.2%, respectively, on YoY basis.

EBITDA improved by 21.7% year-over-year (YoY) to Rs 106.7 crore in the September’24 quarter. EBITDA margin was 14.7% in Q2 FY25 as against 14.4% in Q2 FY24.

Deepak Agarwal, managing director, Bikaji Foods International, said: “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.”

Bikaji Foods International is the third largest ethnic snacks company in India with an international footprint, selling Indian snacks and sweets, and is among the fastest growing companies in the Indian organised snacks market.

Powered by Capital Market - Live News

Net profit of Bikaji Foods International rose 13.03% to Rs 69.16 crore in the quarter ended September 2024 as against Rs 61.19 crore during the previous quarter ended September 2023. Sales rose 15.78% to Rs 703.97 crore in the quarter ended September 2024 as against Rs 608.00 crore during the previous quarter ended September 2023.

Powered by Capital Market - Live News

Hazelnut Factory Food Products (The Hazelnut Factory or THF), a café cum artisanal sweets brand based in Lucknow. It has a retail presence in 6 stores in Lucknow and 1 store each in Kanpur & Delhi.

The brand offers specialty coffee, artisanal sweets, bakery & patisserie along with a range of café menu. It had recorded a turnover of Rs 44.85 crore for the financial year ended on 31 March 2024.

Bikaji Foods stated that this investment will be done in tranches and is expected to be completed in next 2 years.

Through this acquisition, Bikaji aims to set up a 'House of Brands’ to cater to unique customer tastes and preferences and establish Bikaji as a key player in the quick service restaurant (QSR) domain.

Deepak Agarwal, MD of Bikaji Foods International, said: This acquisition marks a significant step in Bikaji’s journey to expand beyond traditional ethnic snacks and enter into retail QSR, premium artisanal sweets and bakery segment.

This strategic move not only marks our entry into the high-growth QSR sector but also aligns with our vision to build a 'House of Brands'.

By integrating THF's premium offerings and Bikaji’s manufacturing capabilities, we aim to cater to unique customer tastes and preferences, establishing Bikaji as a key player in the QSR space.

Bikaji Foods International is the third largest ethnic snacks company in India with an international footprint, selling Indian snacks and sweets, and is among the fastest growing companies in the Indian organised snacks market.

The company's consolidated net profit jumped 40.60% to Rs 58.56 crore on a 15.25% increase in sales to Rs 555.13 crore in Q1 FY25 over Q1 FY24.

The scrip fell 1.11% to currently trade at Rs 900.20 on the BSE.

Powered by Capital Market - Live News