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 for the second quarter ended September 30th, 2024.
Q2FY25 V/S Q2FY24
Financial Performance Summary
• Revenue from operation grew by 18.5% YoY to Rs. 7,212 mn with Volume growth of 15.0% YoY • EBITDA grew by 21.7% YoY to Rs. 1,067 mn with a margin of 14.8% (up 39 bps YoY) led by strong festive demand
• Profit After Tax (PAT) grew by 14.7% YoY to Rs. 686 mn • Earnings per share (EPS) (Basic) stood at Rs. 2.76
Business Segments Review
• Ethnic Snacks: Revenue grew by 10.5% YoY; constitutes 63.8% of overall revenue
• Packaged Sweets: Revenue grew by 22.0% YoY; constitutes 17.5% of overall revenue
• Western Snacks: Revenue grew by 23.2% YoY; constitutes 8.3% of overall revenue
• Papad: Revenue grew by 26.2% YoY; constitutes 4.1% of overall revenue
H1FY25 V/S H1FY24
Financial Performance Summary
• Revenue from operation grew by 18.6% to Rs. 12,933 mn with Volume growth of 15.5% • EBITDA grew by 29.2% to Rs. 1,983 mn with a margin of 15.3% (up 126 bps YoY) led by strong festive demand
• Profit After Tax (PAT) grew 25.1 % to Rs. 1,266 mn • Earnings per share (EPS) (Basic) stood at Rs. 5.10
Business Segments Review:
• Ethnic Snacks: Revenue grew by 13.1 %; constitutes 67.8% of overall revenue
• Packaged Sweets: Revenue grew by 22.7%; constitutes 13.1% of overall revenue
• Western Snacks: Revenue grew by 24.5%; constitutes 8.8% of overall revenue
• Papad: Revenue grew by 19.4%; constitutes 4.9% of overall revenue
Deepak Agarwal, Managing Director of Bikaji Foods International Limited stated “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. Strategic cost management and effective pricing strategies enabled us to navigate this environment, ensuring both profitability and market competitiveness.”
