Earnings Review
Bikaji Foods Q1 PAT dragged down by higher costs, misses view
This story was originally published at 23:44 IST on 5 August 2026
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--Bikaji Foods Apr-Jun consol net profit INR 601.43 mln
--Analysts saw Bikaji Foods Apr-Jun consol net profit at INR 618.33 mln
--Bikaji Foods Apr-Jun consol revenue INR 7.34 bln
--Analysts saw Bikaji Foods Apr-Jun consol revenue at INR 7.28 bln
--Bikaji Foods Apr-Jun consol PAT INR 601.43 mln vs INR 598.96 mln year ago
--Bikaji Foods Apr-Jun consol revenue INR 7.34 bln vs INR 6.53 bln year ago
By Somen Bose
MUMBAI – Bikaji Foods International Ltd.'s net profit for the June quarter remained flat despite reporting strong on-year growth in revenues. Higher input costs weighed on the bottom line and margin, offsetting the impact of price hikes and volume growth reported during the quarter.
The snacks and sweets company's net profit for the June quarter was INR 601.43 million, compared to INR 598.96 million for the year-ago quarter, missing the Street's estimate of INR 618.33 million. The company's bottom line rose 6.6% sequentially.
Total revenue from operations rose 12.5% on year to INR 7.34 billion from INR 6.53 billion, largely in line with the estimated INR 7.28 billion. On quarter, the top line rose nearly 2%.
COSTS BITE
The company's total expenses increased 14% on year to INR 6.67 billion during the June quarter. Cost of materials consumed rose 19% to INR 4.82 billion, other expenses rose 26% to INR 1.1 billion, while purchases of stock-in-trade declined 74% to INR 65 million.
"Despite persistent inflation in key raw materials, we improved our gross margins by 70 bps (basis points) YoY (year-on-year) at 35.7%, a testament to the discipline of our procurement and manufacturing teams and the pricing and mix actions we have taken," Deepak Agarwal, chairman and managing director, said.
Bikaji Foods posted volume growth of 7.7% on year to 35,778 tonnes in the quarter under review. Its ethnic snacks segment grew 11.4%, contributing about 76% of total revenues. Western snacks and packaged sweets grew 21% and 4.4%, respectively, while papad sales decreased 6.5%.
The company's earnings before interest, tax, depreciation, and amortisation grew 2.8% to INR 990 million, higher than the estimated INR 965.33 million. The EBITDA margin declined 130 basis points to 13.5%.
The board approved an investment of INR 150 million in C.G. Bikaji Pvt. Ltd., a joint venture company in Nepal. It also approved the incorporation of a wholly-owned subsidiary in Abu Dhabi with an investment of 100 million dirhams (nearly INR 2.6 billion).
Wednesday, its shares ended at INR 650.30 apiece on the National Stock Exchange, marginally up from Tuesday. The company's earnings were released after market hours. End
Edited by Shubhayan Bhattacharya
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