Conference Call with Bikaji Foods International Management and Analysts on Q1FY25 Performance and Outlook. Listen to the full earnings transcript.
Packaged Foods company Bikaji Foods International announced Q1FY25 results: Financial Highlights: Revenue from operation grew 18.7% YoY to Rs 5,722 million with Volume growth of 16.2 % YoY EBITDA grew 39.2% YoY to Rs 916 million with a margin of 16.0% Profit After Tax (PAT) grew 40.2% YoY to Rs 581 million Business Highlights: Ethnic Snacks: Revenue grew by 16.0% YoY; constitutes 75.3% of overall revenue Packaged Sweets: Revenue grew by 12.3% YoY; constitutes 7.9% of overall revenue Western Snacks: Revenue grew by 26.0% YoY; constitutes 9.8% of overall revenue Papad: Revenue grew by 14.0% YoY; constitutes 6.1% of overall revenue Deepak Agarwal Managing Director, Bikaji Foods International, said: “This quarter our company continued to demonstrate strong growth and financial resilience. We are pleased to report a 17.1% value growth in snacks category (traditional and western) with underlying volume growth of 18.5%. Traditional snacks which is our core strength, delivered a value growth of 16.0% and western snack delivered a healthy value growth of 26.0%. Our EBITDA for the quarter improved by 240 bps year-over-year, reaching 916 million, reflecting our commitment to operational efficiency and disciplined cost management. While raw material costs increased during the quarter, proactive hedging strategies mitigated the impact on our margins. Overall, this quarter marked by substantial achievements in volume growth and EBITDA performance. We are confident in our ability to navigate challenges and capitalize on opportunities as we progress towards our strategic objectives." Result PDF
Conference Call with Bikaji Foods International Management and Analysts on Q4FY24 Performance and Outlook. Listen to the full earnings transcript.
Packaged Foods company Bikaji Foods International announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Revenue from operations grew 12.8% YoY to Rs 5,208 million with Volume growth of 14.3 % YoY (excluding PLI) EBITDA grew 10% YoY to Rs 682 million with a margin of 13.1% (excluding PLI) Profit After Tax (PAT) grew YoY to Rs 466.5 million (excluding PLI) Earnings per share (EPS) (Basic) stood at Rs 4.64 Ethnic Snacks: Revenue grew by 10.8% YoY; constitutes 73.5% of overall revenue Packaged Sweets: Revenue grew by 12.7% YoY; constitutes 8.2% of overall revenue Western Snacks: Revenue grew by 14.6% YoY; constitutes 8.6% of overall revenue Papad: Revenue grew by 23.4% YoY; constitutes 8.6% of overall revenue FY24 Financial Highlights: Revenue from operation grew 13.8% YoY to Rs 22,344 million with Volume growth of 15.3% YoY (excluding PLI) EBITDA grew YoY to Rs 2,983 million with a margin of 13.3% (excluding PLI) Profit After Tax (PAT) grew YoY to Rs 1,938 million (excluding PLI) Earnings per share (EPS) (Basic) stood at Rs 10.63 Ethnic Snacks: Revenue grew by 13.5% YoY; constitutes 69.5% of overall revenue Packaged Sweets: Revenue grew by 14.3% YoY; constitutes 13.4% of overall revenue Western Snacks: Revenue grew by 13.3% YoY; constitutes 8.2% of overall revenue Papad: Revenue grew by 10.2% YoY; constitutes 6.1% of overall revenue Deepak Agarwal Managing Director, Bikaji Foods International, said, “We are delighted to inform all our stakeholders that our company has demonstrated strong performance across all the categories. This financial year, we have delivered a remarkable volume growth of 15.3%. On the bottom-line front, our EBITDA margin for the year stands at 16.8% which is led by reduction in commodity prices, superior mix, operating leverage and effective cost management. We remain committed on strengthening our distribution network to achieve a deeper distribution across our core and focus markets." Result PDF
Conference Call with Bikaji Foods International Management and Analysts on Q3FY24 Performance and Outlook. Listen to the full earnings transcript.
Bikaji Foods International announced Q3FY24 & 9MFY24 results: Q3FY24: Revenue from operation grew 22.9% YoY to Rs 6,241 million with Volume growth of 29.5% YoY EBITDA grew 36.1% YoY to Rs 750 million with a margin of 12.0% (up 116 bps YoY) led by strong festive demand and favourable raw material prices Profit After Tax (PAT) grew 15% YoY to Rs 460 million Earnings per share (EPS) (Basic) stood at Rs 1.87 Ethnic Snacks: Revenue grew by 15.4% YoY; constitutes ~62.9% of overall revenue Packaged Sweets: Revenue grew by 82.8% YoY; constitutes ~18.2% of overall revenue Western Snacks: Revenue grew by 9.9% YoY; constitutes ~7.5% of overall revenue Papad: Revenue grew by 8.8% YoY; constitutes ~6.1% of overall revenue 9MFY24: Revenue from operation grew 14.0% YoY to Rs 17,149 million with Volume growth of 16.7% YoY EBITDA grew 51.7% YoY to Rs 2,285 million with a margin of 13.3% (up 331bps YoY) led by strong festive demand and favorable raw material prices Profit After Tax (PAT) grew 51.5% YoY to Rs 1,472 million Earnings per share (EPS) (Basic) stood at Rs 5.99 Ethnic Snacks: Revenue grew by 13.6% YoY; constitutes ~68.3% of overall revenue Packaged Sweets: Revenue grew by 18.7% YoY; constitutes ~14.8% of overall revenue Western Snacks: Revenue grew by 12.4% YoY; constitutes ~8.1% of overall revenue Papad: Revenue grew by 2.1% YoY; constitutes ~5.3% of overall revenue Deepak Agarwal, Managing Director, Bikaji Foods International, said, “We are glad to inform all our stakeholders that our company has grown well during the quarter. This quarter, we experienced a robust demand driven by festive celebrations, marking it as our most successful period for packaged sweets. The surge in growth and demand within this segment can be attributed to a combination of factors. The festive season played a significant role, alongside improvements in our operational efficiencies and advantageous pricing of raw materials. Looking ahead, we are optimistic about maintaining this growth momentum and anticipate further enhancements in our profitability.” Result PDF