Financial Performance Summary

Q3 FY26:

• Revenue from operation grew 10.7% YoY to Rs. 7,900 mn with Volume growth of 8.4% YoY

• EBITDA grew 77.1% YoY to Rs. 984 mn with a margin of 12.5% (up by 466 bps YoY) due to favorable raw material prices as compared to base quarter

• Profit After Tax (PAT) grew 122.3% YoY to Rs. 622 mn

• Earnings per share (EPS) (Basic) stood at Rs. 2.48

9M FY26:

• Revenue from operation grew 13.3% to Rs. 22,730 mn with Volume growth of 8.8%

• EBITDA grew 27.1 % to Rs. 3,228 mn with a margin of 14.2 % (up 154 bps YoY)

• Profit After Tax (PAT) grew 28.7 % to Rs. 1,984 mn

• Earnings per share (EPS) (Basic) stood at Rs. 8.05

Q3 FY26 Business Segments Review:

• Ethnic Snacks: Revenue grew by 13.3 % YoY; constitutes ~67.4% of overall revenue

• Packaged Sweets: Revenue de-grew by 17.1% YoY; constitutes ~12.3% of overall revenue because of shift in season in Q2 in current year as compared to Q3 in last year

• Western Snacks: Revenue grew by 22.6% YoY; constitutes ~8.0% of overall revenue

• Papad: Revenue grew by 14.6% YoY; constitutes ~6.5% of overall revenue

• Retail: Revenue of retail business almost doubled to reach INR 471 million

9M FY26 Business Segments Review:

• Ethnic Snacks: Revenue grew by 9.6% YoY; constitutes ~67.4% of overall revenue

• Packaged Sweets: Revenue grew by 8.1% YoY; constitutes ~13.7% of overall revenue

• Western Snacks: Revenue grew by 6.1% YoY; constitutes ~8.0% of overall revenue

• Papad: Revenue grew by 10.6% YoY; constitutes ~5.4% of overall revenue

• Retail: Revenue of retail business grew more than 150% and stood at INR 965 million

Deepak Agarwal Managing Director, Bikaji Foods International Limited, said, “The Company delivered a resilient performance during Q3 and 9M FY26, with revenues growing by 10.7% and 13.3% respectively. This growth was primarily driven by the strong momentum in our Ethnic Snacks portfolio, which recorded growth of 13.3% in Q3 and 9.6% over the nine-month period. Demand remained robust across all product categories, underscoring the strength of our brands and their sustained consumer appeal. All categories delivered healthy double-digit growth, except packaged sweets, which were impacted by seasonality due to early Diwali in current year. Exports continued to be a key growth driver, registering a significant increase of 39.1% in Q3 and 58.7% during 9M FY26, supported by wider distribution and increased penetration across international markets. To address inflationary pressures and enhance margin resilience, the Company implemented a series of strategic initiatives, including selective price increases and focused cost efficiency programs. These measures helped sustain growth momentum, particularly within our core categories. Our retail business has also begun contributing meaningfully to overall performance, with revenues growing over 150% year-on-year, reflecting improved store productivity and expanding consumer engagement. Looking ahead, the Company remains confident in its business outlook and is committed to delivering long-term, sustainable growth through continuous innovation, market expansion, and deeper consumer connect.”

The post Bikaji Foods International Ltd. unveils Financial Results for Q3 & 9M FY26 appeared first on Business of Food.

The new joint venture company, to be established in Nepal, will focus on the production, distribution, and trading of ethnic snack products such as namkeen, bhujia, papad, and packaged sweets. A new manufacturing facility will be set up and operated by CG, with a commitment to global quality benchmarks. The plant is expected to generate thousands of direct and indirect employment opportunities and boost local entrepreneurship by strengthening domestic supply chains.

“This is not just about product excellence. It’s about creating long-term value for Nepal,” said Varun Chaudhary, Managing Director, Chaudhary Group. “From boosting employment to energizing the supply chain, this partnership has the potential to set new benchmarks in quality and accessibility.”

The joint venture combines Bikaji’s category leadership in India with CG’s deep-rooted market experience and FMCG reach in Nepal, most notably with its flagship instant noodle brand Wai Wai. The collaboration also supports CG’s broader objective of promoting industrial self-reliance and food security through local production.

Together, the two companies plan to launch a range of affordable and hygienic snacks tailored specifically for Nepalese consumers, further consolidating their position in South Asia’s competitive packaged food sector.

The post Bikaji Foods and Nepal’s Chaudhary Groupe announce joint venture to boost ethnic snack market appeared first on Business of Food.

Q2FY25 V/S Q2FY24 

Financial Performance Summary

• Revenue from operation grew by 18.5% YoY to Rs. 7,212 mn with Volume growth of 15.0% YoY • EBITDA grew by 21.7% YoY to Rs. 1,067 mn with a margin of 14.8% (up 39 bps YoY) led by strong festive demand 

• Profit After Tax (PAT) grew by 14.7% YoY to Rs. 686 mn • Earnings per share (EPS) (Basic) stood at Rs. 2.76

Business Segments Review

• Ethnic Snacks: Revenue grew by 10.5% YoY; constitutes 63.8% of overall revenue 

• Packaged Sweets: Revenue grew by 22.0% YoY; constitutes 17.5% of overall revenue 

• Western Snacks: Revenue grew by 23.2% YoY; constitutes 8.3% of overall revenue 

• Papad: Revenue grew by 26.2% YoY; constitutes 4.1% of overall revenue 

H1FY25 V/S H1FY24 

Financial Performance Summary

• Revenue from operation grew by 18.6% to Rs. 12,933 mn with Volume growth of 15.5% • EBITDA grew by 29.2% to Rs. 1,983 mn with a margin of 15.3% (up 126 bps YoY) led by strong festive demand 

• Profit After Tax (PAT) grew 25.1 % to Rs. 1,266 mn • Earnings per share (EPS) (Basic) stood at Rs. 5.10

Business Segments Review: 

• Ethnic Snacks: Revenue grew by 13.1 %; constitutes 67.8% of overall revenue

• Packaged Sweets: Revenue grew by 22.7%; constitutes 13.1% of overall revenue

• Western Snacks: Revenue grew by 24.5%; constitutes 8.8% of overall revenue

• Papad: Revenue grew by 19.4%; constitutes 4.9% of overall revenue 

Deepak Agarwal, Managing Director of Bikaji Foods International Limited stated “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. 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.”

The post Bikaji Food International Limited has announced its Q2 FY25 Results appeared first on Business of Food.