Bikaji Foods International Limited, one of India’s leading snack food manufacturers, reported consolidated revenue growth of 14.5% year-over-year for the third quarter ended December 31, 2024, while net profit declined due to increased input costs and operating expenses.
Key Financial Highlights
– Consolidated revenue: ₹714.90 crore (Q3 FY25) vs ₹624.15 crore (Q3 FY24)
– Net profit: ₹27.78 crore (Q3 FY25) vs ₹45.99 crore (Q3 FY24)
– Cost of materials consumed: ₹451.27 crore (Q3 FY25) vs ₹395.09 crore (Q3 FY24)
– Nine-month revenue: ₹2,008.23 crore (up 17.1% YoY)
– Nine-month net profit: ₹154.42 crore
During the quarter, the company made strategic moves to expand its presence in the food retail sector. Its wholly-owned subsidiary, Bikaji Foods Retail Limited, acquired a 40.40% stake in Hazelnut Factory Food Products Private Limited, a Lucknow-based café and artisanal sweets brand, for ₹61 crore. The company plans to increase its stake to 53.02% with a total planned investment of ₹131.01 crore over the next two years.
“This strategic acquisition marks our entry into the Quick Service Restaurant (QSR) domain and aligns with our vision to build a house of brands catering to diverse customer preferences,” said Deepak Agarwal, Managing Director of Bikaji Foods International Limited.
The company also incorporated a new wholly-owned subsidiary, Bikaji Bakes Private Limited, in December 2024 to venture into the frozen bakery products segment, including bread, cakes, and viennoiserie.
For the nine months ended December 31, 2024, the company’s consolidated revenue stood at ₹2,008.23 crore, showing a growth of 17.1% compared to the same period last year. The consolidated net profit for the nine-month period was ₹154.42 crore.
Bikaji Foods continues to focus on expanding its product portfolio and distribution network while navigating the challenges of input cost pressures in the competitive snack food market.
