Revenue up by 14.5% YoY; Gross margin at 29%; Financial Results for Q3FY25 Bikaji Foods International Ltd.

• Q3FY25: Revenue up by 14.5% YoY; Gross margin at 29%; EBITDA margin at 7.8%
• 9MFY25: Revenue up by 17.1% YoY; Gross margin at 32%; EBITDA margin at 12.6%
• Volume growth: 3.0% YoY; 9M FY25: 10.9% YoY.
• Focus markets have grown by 14.7% YoY; 9M FY25: 17.1% YoY Increased Direct Coverage by ~10 k outlets in Q3;

Bikaner : Bikaji Foods International Limited (Bikaji), India`s third largest ethnic snacks manufacturer and the second fastest growing company in the Indian organised snacks market, today announced its financial results for the quarter ended December 31, 2024.

• Revenue from operation grew 14.5% YoY to Rs. 7,149 mn with Volume growth of 3.0% YoY
• EBITDA stands at Rs. 555 mn with a margin of 7.8% on account of strong inflationary pressure and un-favourable raw material prices
• Profit After Tax (PAT) stands at Rs. 278 mn with a margin of 3.9%
• Earnings per share (EPS) (Basic) stood at Rs. 1.14

• Ethnic Snacks: Revenue grew by 10.5% YoY; constitutes ~62.1% of overall revenue
• Packaged Sweets: Revenue grew by 11.2% YoY; constitutes ~18.1% of overall revenue
• Western Snacks: Revenue growth was flat YoY; constitutes ~6.8% of overall revenue
• Papad: Revenue grew by 9.6% YoY; constitutes ~6% of overall revenue

• Revenue from operation grew 17.1% YoY to Rs. 20,082 mn with Volume growth of 10.9% YoY
• EBITDA stands at Rs. 2,539 mn with margin of 12.6% on account of strong inflationary pressure and un-favourable raw material prices
• Profit After Tax (PAT) stands at Rs. 1,544 mn with a margin of 7.7%
• Earnings per share (EPS) (Basic) stood at Rs. 6.24

 

• Ethnic Snacks: Revenue grew by 12.2% YoY; constitutes ~67.1% of overall revenue
• Packaged Sweets: Revenue grew by 17.5% YoY; constitutes ~15.2% of overall revenue
• Western Snacks: Revenue grew b y 16.5% YoY; constitutes ~8.3% of overall revenue
• Papad: Revenue grew by 15.3% YoY; constitutes ~5.4% of overall revenue

• Incorporated a wholly owned subsidiary which is known as Bikaji Bakes Private Limited on December 28, 2024.
• Acquired a Company Hazelnut Factory Food Products Private Limited on 24th October 2024.

We are pleased to announce that our company has delivered resilient performance across all categories, despite facing significant inflationary pressures and weak demand sentiments in the market. The Traditional Snacks category has been a major contributor, accounting for 62% of our total revenue, followed by the Packaged Sweets category, which contributed 18%.

Regarding commodity prices, we continue to experience year-on-year inflation in key inputs such as edible oil, potatoes, packaging material and other essential commodities. To offset these rising costs, we have implemented selective price increases. While urban consumption showed signs of moderation, we have observed a noticeable uptick in rural demand. We remain optimistic that urban demand will return to its usual pace soon