• Q3FY26: Revenue up by 10.7% YoY; Gross margin at 34.7%; EBITDA margin at 12.5%
  • Q3FY26: EBITDA grew 77.1%; PAT growth at 122.3%
  • Export markets have grown by 39.1% YoY
  • Volume growth: 8.4% YoY

Bikaner :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 of the Company for the Third quarter ended on December 31th, 202

Financial Performance Summary:

Q3 FY26:

  • Revenue from operation grew 10.7% YoY to Rs. 7,900 mn with Volume growth of 8.4% YoY
  • EBITDA grew 77.1% YoY to Rs. 984 mn with a margin of 12.5% (up by 466 bps YoY) due to favorable raw material prices as compared to base quarter
  • Profit After Tax (PAT) grew 122.3% YoY to Rs. 622 mn
  • Earnings per share (EPS) (Basic) stood at Rs. 2.48

9M FY26:

  • Revenue from operation grew 13.3% to Rs. 22,730 mn with Volume growth of 8.8%
  • EBITDA grew 27.1 % to Rs. 3,228 mn with a margin of 14.2 % (up 154 bps YoY)
  • Profit After Tax (PAT) grew 28.7 % to Rs. 1,984 mn
  • Earnings per share (EPS) (Basic) stood at Rs. 8.05

Q3 FY26 Business Segments Review:

  • Ethnic Snacks: Revenue grew by 13.3 % YoY; constitutes ~67.4% of overall revenue
  • Packaged Sweets: Revenue de-grew by 17.1% YoY; constitutes ~12.3% of overall revenue because of shift in season in Q2 in current year as compared to Q3 in last year
  • Western Snacks: Revenue grew by 22.6% YoY; constitutes ~8.0% of overall revenue
  • Papad: Revenue grew by 14.6% YoY; constitutes ~6.5% of overall revenue
  • Retail: Revenue of retail business almost doubled to reach INR 471 million

9M FY26 Business Segments Review:

  • Ethnic Snacks: Revenue grew by 9.6% YoY; constitutes ~67.4% of overall revenue
  • Packaged Sweets: Revenue grew by 8.1% YoY; constitutes ~13.7% of overall revenue
  • Western Snacks: Revenue grew by 6.1% YoY; constitutes ~8.0% of overall revenue
  • Papad: Revenue grew by 10.6% YoY; constitutes ~5.4% of overall revenue
  • Retail: Revenue of retail business grew more than 150% and stood at INR 965 million

Deepak Agarwal Managing Director,Bikaji Foods International Limited.

“The Company delivered a resilient performance during Q3 and 9M FY26, with revenues growing by 10.7% and 13.3% respectively. This growth was primarily driven by the strong momentum in our Ethnic Snacks portfolio, which recorded growth of 13.3% in Q3 and 9.6% over the nine-month period. Demand remained robust across all product categories, underscoring the strength of our brands and their sustained consumer appeal. All categories delivered healthy double-digit growth, except packaged sweets, which were impacted by seasonality due to early Diwali in current year.

Exports continued to be a key growth driver, registering a significant increase of 39.1% in Q3 and 58.7% during 9M FY26, supported by wider distribution and increased penetration across international markets. To address inflationary pressures and enhance margin resilience, the Company implemented a series of strategic initiatives, including selective price increases and focused cost- efficiency programs. These measures helped sustain growth momentum, particularly within our core categories.

Our retail business has also begun contributing meaningfully to overall performance, with revenues growing over 150% year-on-year, reflecting improved store productivity and expanding consumer engagement. Looking ahead, the Company remains confident in its business outlook and is committed to delivering long-term, sustainable growth through continuous innovation, market expansion, and deeper consumer connect.”