Bikaji Foods shares surge 10% post Q2 results, profit after tax up by 14.7%
Bikaji Foods International surged by 10% to day’s high of Rs 918 on BSE post the results of Q2.
The revenue from operation grew by 18.5% year-on-year to Rs 7,212 million with profit of 15% YoY. EBITDA grew by 21.7% on a yearly basis to Rs 686 million. The profit after tax also saw a notable jump of 14.7%. H1 FY25 reflected a similar strong performance with revenue growth of 18.6% and a volume growth of 15.5%.
The strong financial results can primarily be attributed to the robust demand across all product categories during the festive season. The company's strategic cost management and effective pricing strategies have enabled maintaining profitability despite inflationary pressures.
“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,” said Deepak Agarwal, Managing Director, Bikaji Foods International.
“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,” he added.
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