Bikaji Foods International Ltd shares surged over 18% today after falling 23% earlier this week. The stock saw a sharp rebound following the release of its Q3 financial results for the quarter ending December 31, 2024. Despite the recent dip, the company’s stock is up by 18% today, marking a significant recovery.
In Q3, Bikaji Foods reported a 14.5% year-on-year (YoY) increase in revenue from operations, which reached ₹7,149 million, driven by a 3% volume growth. However, earnings before interest, taxes, depreciation, and amortisation (EBITDA) stood at ₹555 million, reflecting a 26% decline from last year. This decline was attributed to inflationary pressures and unfavourable raw material prices. The company’s profit after tax (PAT) was ₹278 million, a decrease of 39.6%, and its basic earnings per share (EPS) stood at ₹1.14.
The ethnic snacks segment, which contributed 62.1% of total revenue, saw a 10.5% YoY growth. The packaged sweets business also performed well, with an 11.2% YoY increase, contributing 18.1% to the overall revenue. Western snacks revenue remained flat, and the papad segment posted a 9.6% YoY growth.
For the nine months ending December 31, 2024, Bikaji Foods reported a 17.1% increase in revenue, amounting to ₹20,082 million, with a 10.9% volume growth. EBITDA for the period was ₹2,539 million, yielding a 12.6% margin. PAT for the nine months stood at ₹1,544 million, with a 7.7% margin. Basic EPS for the period was ₹6.24.
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