Packaged Foods company Bikaji Foods International announced Q4FY23 & FY23 results: Q4FY23: Revenue from operation grew 15% YoY to Rs 4,623 million with Volume growth of 13% YoY EBITDA margin stood at 13.4% (up 320 bps YoY) Witnessed softening of raw material and packing material prices and efficient pricing measures in Q4FY23 over Q3FY23, resulting in an improvement of gross margin by 440 bps QoQ to 35.2%. EBITDA margin was further supported by efficiency measures undertaken in all other cost heads Profit After Tax (PAT) grew 57% YoY to Rs 381 million. PAT margin stood at 8.3% (up 220 bps YoY) Earnings per share (EPS) (Diluted) stood at Rs 1.5 FY23: Revenue from operation grew 22% YoY to Rs 19,661 million with Volume growth of 15% YoY EBITDA margin stood at 10.9% (up 220 bps YoY) Witnessed softening of raw material and packing material prices in FY23 over FY22, resulting in an improvement of gross margin by 170 bps YoY to 29.1%. EBITDA margin was further supported by efficiency measures undertaken in all other cost heads Profit After Tax (PAT) grew 63% YoY to Rs 1,265 million. PAT margin stood at 6.4% (up 170 bps YoY) Earnings per share (EPS) (Diluted) stood at Rs 5.1 Deepak Agarwal, Managing Director, Bikaji Foods International, said, “We had a strong fiscal year FY23 with strong double-digit value (up 22% YoY) & volume growth (up 15% YoY), The performance was broad-based across business segments. In the current quarter, the downward trend in our key input materials and efficient pricing measures has amplified profitability with a healthy Gross margin of 35.2% and EBITDA margin of 13.4%. We expect, current momentum to continue in the next fiscal with another double-digit topline growth and some improvement in margins led by superior mix, operating leverage, and effective cost management. Our unwavering focus on network expansion is also one of the reasons for our robust topline CAGR growth over the years. We remain committed to strengthening our distribution network to achieve a deeper penetration across our core & focus markets. We aim to expand our footprint to 1.5 lakh retail stores by FY24.” Result PDF