Bikaji Foods saw its net profit fall sharply by 66% in the last quarter, down to ₹40 crore compared to the same period last year. Because of this, the company’s shares dropped by 1.5%.
However, the company’s total revenue (money earned from business) grew by nearly 15% to ₹597 crore in the quarter ending March 31, 2025. The number of products sold (volume) also increased by about 9% compared to last year.
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Profit before tax dropped by around 65%, falling to ₹54.77 crore from ₹154.74 crore the previous year. Earnings before interest, tax, depreciation, and amortization (EBITDA) also fell by over 54%, to ₹7.43 crore. The EBITDA margin (profitability ratio) decreased from 43.2% last year to 33.5% now.
Breaking down by product segments:
- Ethnic Snacks grew by 11.4% and make up 71.3% of total sales.
- Packaged Sweets saw a small drop of 1.4%, making up 7.2% of sales.
- Western Snacks grew strongly by 21.5%, contributing 9.1%.
- Papad sales increased by 5%, making up 7.8%.
Deepak Agarwal, Managing Director of Bikaji Foods, said the company grew both in volume (10.3%) and value (14.8%) this year, thanks to strong demand for their main products. But the profit margins were hit because the prices of raw materials, especially edible oil, went up unexpectedly and sharply. Although they tried to manage costs, the sudden rise in input prices temporarily affected profits.
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He added that rural markets are starting to recover after a slow start to the year, while urban markets are improving gradually. The company’s growth was supported by better execution, wider reach, and a strong brand.
To stay ahead in the competitive snacks market, Bikaji Foods is focusing on creating new products and using data to improve distribution. They are investing in supply chain automation, digital marketing, and partnerships to grow their business further.
The company has recommended a final dividend of ₹1 per share (which is 100% of the face value) for the financial year ending March 31, 2025. This will be subject to shareholder approval at the upcoming annual meeting.
The board also approved:
- Investing up to ₹15 crore in Bikaji Foods Retail (a fully owned subsidiary).
- Investing up to ₹20 crore in Jai Barbareek Dev Snacks through convertible debentures.
- Selling its entire 51% stake in Bikaji Mega Food Park, a non-important subsidiary, which means it will no longer be part of the company.
Bikaji Foods International is India’s third-largest ethnic snacks company with a global presence. It is also one of the fastest-growing companies in the organized Indian snacks market.
