Bikaji Foods International Ltd.,Financial Results for Q4FY25

• Q4FY25: Sales of food products grew at 14.8%, however Revenue was flat YoY on account of one-time PLI adjustment in base quarter;Gross margin at 33.5%; EBITDA margin at 12.1%
• FY25: Revenue up by 12.6% YoY (14.6% with PLI adjustment as stated above); Gross margin at 32.3%; EBITDA margin at 12.5%
• Volume growth: 8.9% YoY; FY25: 10.3% YoY.
• Focus markets have grown by 38.6% YoY; FY25: 26.2% YoY
• Increased Direct Coverage by ~22.9 k outlets in Q4

Gurugram : 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 Audited Standalone and Consolidated Financial Results of the Company for the quarter and financial year ended on March 31, 2025

• Volume grew 8.9% YoY, but Revenue from operation was flat YoY at Rs. 6,136 mn on account of one-time PLI adjustment in base quarter
• EBITDA was INR 743 mn with a margin of 12.1%
• Profit After Tax (PAT) stood at INR 399 mn
• Earnings per share (EPS) (Basic) stood at Rs. 1.78

• Ethnic Snacks: Revenue grew by 11.4% YoY; constitutes ~71.3% of overall revenue
• Packaged Sweets: Revenue de-grew by 1.4% YoY; constitutes ~7.2% of overall revenue
• Western Snacks: Revenue grew by 21.5% YoY; constitutes ~9.1% of overall revenue
• Papad: Revenue grew by 5.0% YoY; constitutes ~7.8% of overall revenue

• Revenue from operation grew 12.6% YoY to Rs. 26,219 mn with Volume growth of 10.3% YoY
• EBITDA is at INR 3,283 mn with margin of 12.5%
• Profit After Tax (PAT) stood at INR 1,943 mn
• Earnings per share (EPS) (Basic) stood at Rs. 8.02

• Ethnic Snacks: Revenue grew by 12.0% YoY; constitutes ~68.1% of overall revenue
• Packaged Sweets: Revenue grew by 13.2% YoY; constitutes ~13.3% of overall revenue
• Western Snacks: Revenue grew by 17.7% YoY; constitutes ~8.5% of overall revenue
• Papad: Revenue grew by 11.9% YoY; constitutes ~5.9% of overall revenue

This year the Company has delivered a 10.3% volume and 14.8% of value growth YOY, driven by strong demand across our core product lines. Despite good top-line growth, gross margins were slightly impacted due to unexpected and significant inflationary pressure on key raw materials. While we had measures in place to mitigate cost volatility, the sharp and unanticipated increase in input prices particularly in edible oil put temporary pressure on profitability.

The year has been marked by robust growth, strategic advancements, and a steadfast commitment to delivering value to our stakeholders. While rural markets began showing encouraging signs of recovery post the first half, urban demand remains in a gradual recovery phase. Our growth was driven by focused execution, improved penetration, and strong brand resilience.

To remain ahead in an increasingly competitive snacks and sweets market, we are sharpening our focus on product innovation and data-led distribution. We are leveraging advanced analytics to optimize channel strategies and improve regional product mixes. Additionally, investments in supply chain automation, digital marketing, and strategic partnerships will play a key role in expanding both reach and relevance.