Financial Performance Overview

Revenue & Growth Metrics:

  • Revenue from operations: ₹7,343 million, representing 12.5% year-on-year growth
  • Volume growth: 7.7% year-on-year
  • Gross margin: 35.7% (improved by 70 basis points YoY)
  • EBITDA: ₹990 million
  • EBITDA margin: 13.5%
  • Profit After Tax (PAT): ₹595 million
  • PAT margin: 8.1%
  • Earnings per share (EPS): ₹2.40

Business Segment Performance

Category-wise Revenue Growth (YoY):

  • Ethnic Snacks: +11.4% (contributed approximately 75.7% of overall revenue)
  • Packaged Sweets: +4.4%
  • Western Snacks: +21.3%
  • Papad: -6.5%

Operational Highlights

Distribution & Market Expansion:

  • Direct coverage increased by approximately 17,255 outlets during the quarter
  • Total direct coverage reached approximately 3.7 lakh outlets
  • Focus markets registered growth of 18.9% year-on-year

Growth Drivers:

  • Sustained demand across core categories
  • Continued expansion across markets
  • Improving traction across alternate channels
  • Strong growth in premium portfolio

Management Commentary

Deepak Agarwal, Chairman and Managing Director, stated:

  • Delivered strong first quarter with 12.5% YoY consolidated revenue growth
  • Ethnic Snacks and Western Snacks categories were standout performers
  • Improved gross margins by 70 bps YoY to 35.7% despite persistent inflation in key raw materials
  • Discipline in procurement and manufacturing teams contributed to margin improvement
  • Pricing and mix actions supported margin expansion
  • Continued focus on operational efficiency while investing in capacity, distribution, and new product development
  • Confident in ability to sustain healthy, profitable growth
  • Committed to strengthening Bikaji's position as one of India's leading snacking and ethnic food companies

Company Background

Bikaji Foods International Limited is:

  • The third largest ethnic snacks company in India with international footprint
  • Second fastest growing company in the Indian organised snacks market (per F&S Report)
  • Founded in 1993 by Shiv Ratan Agarwal
  • Operations in 27 states and 7 union territories in India as of March 31, 2026
  • Exports to 47 international countries including North America, Europe, Middle East, Africa and Asia Pacific
  • Product range includes six principal categories: bhujia, namkeen, packaged sweets, papad, western snacks, and other snacks (gift packs, frozen food, mathri range, cookies)

Disclaimer Note

The press release contains forward-looking statements subject to risks and uncertainties including significant changes in economic environment in India and overseas, tax laws, inflation, litigation, etc. Actual results might differ substantially from those expressed or implied.