Bikaji Foods International Ltd reports Financial Results for Q4, FY24

Bikaji Foods International Limited (Bikaji), India's third largest ethnic snacks manufacturer and the second fastest growing company in the Indian organized snacks market, today announced its financial results for the fourth quarter and year ended March 31st, 2024.

Financial Overview

Q4FY24 Financial Performance Summary:

- Revenue from operations grew 12.8% YoY to Rs. 5,208 mn with Volume growth of 14.3 % YoY (excluding PLI)

- EBITDA grew 10% YoY to Rs. 682 mn with a margin of 13.1% (excluding PLI)

- Profit After Tax (PAT) grew YoY to Rs. 466.5 mn (excluding PLI)

- Earnings per share (EPS) (Basic) stood at Rs. 4.64

Q4FY24 Business Segments Review:

- Ethnic Snacks: Revenue grew by 10.8% YoY; constitutes 73.5% of overall revenue

- Packaged Sweets: Revenue grew by 12.7% YoY; constitutes 8.2% of overall revenue

- Western Snacks: Revenue grew by 14.6% YoY; constitutes 8.6% of overall revenue

- Papad: Revenue grew by 23.4% YoY; constitutes 8.6% of overall revenue

FY24 Financial Performance Summary:

- Revenue from operation grew 13.8% YoY to Rs. 22,344 mn with Volume growth of 15.3% YoY (excluding PLI)

- EBITDA grew YoY to Rs. 2,983 mn with a margin of 13.3% (excluding PLI)

- Profit After Tax (PAT) grew YoY to Rs. 1,938 mn (excluding PLI)

- Earnings per share (EPS) (Basic) stood at Rs. 10.63

FY24 Business Segments Review:

- Ethnic Snacks: Revenue grew by 13.5% YoY; constitutes 69.5% of overall revenue

- Packaged Sweets: Revenue grew by 14.3% YoY; constitutes 13.4% of overall revenue

- Western Snacks: Revenue grew by 13.3% YoY; constitutes 8.2% of overall revenue

- Papad: Revenue grew by 10.2% YoY; constitutes 6.1% of overall revenue

Deepak Agarwal - Managing Director, Bikaji Foods International Limited. "We are delighted to inform all our stakeholders that our company has demonstrated strong performance across all the categories. This financial year, we have delivered a remarkable volume growth of 15.3%. On the bottom-line front, our EBITDA margin for the year stands at 16.8% which is led by reduction in commodity prices, superior mix, operating leverage and effective cost management.

We remain committed on strengthening our distribution network to achieve a deeper distribution across our core and focus markets.

Shares of Bikaji Foods International Limited was last trading in BSE at Rs. 556.45 as compared to the previous close of Rs. 533.90. The total number of shares traded during the day was 114567 in over 4851 trades.

The stock hit an intraday high of Rs. 583.90 and intraday low of 551.95. The net turnover during the day was Rs. 64904630.00.

Source : Equity Bulls

Keywords

BikajiFoodsInternational INE00E101023 PackagedFoods Q4FY24 FY2024 ResultUpdate FY24