Bikaji Foods International Reports Impressive 40.2% Growth in Net Profit for Q1 FY25
Bikaji Foods International Ltd, a leading name in ethnic snacks, has reported a substantial 40.2% rise in its consolidated net profit, reaching Rs 58.06 crore for the first quarter ending June 2024. This significant growth is a testament to the company’s strong financial performance amidst challenging market conditions. The company’s revenue from operations also experienced a notable increase of 15.24%, amounting to Rs 555.12 crore compared to Rs 481.68 crore in the same period last year.
Deepak Agarwal, Managing Director of Bikaji Foods, shared insights into the company’s performance, stating, “Our EBITDA for the quarter improved by 240 basis points year-over-year, reaching Rs 91.6 crore, reflecting our commitment to operational efficiency and disciplined cost management.” Despite facing higher raw material costs, Bikaji Foods successfully navigated these challenges through strategic hedging, which helped mitigate the impact on profit margins.
The company’s strong performance was driven by a 16.2% year-over-year volume growth, with double-digit increases across various product categories. The total income for the quarter stood at Rs 579.41 crore, marking an 18.8% increase from Rs 487.72 crore in the previous year. This growth underscores Bikaji Foods’ ability to expand its market presence and meet rising consumer demand for its products.
On the stock market, shares of Bikaji Foods International Ltd closed at Rs 724.50 on BSE, reflecting a 1.81% increase, signaling positive investor confidence. Overall, Bikaji Foods’ impressive Q1 FY25 results highlight its resilience and strategic prowess in a competitive market, positioning it well for continued success and growth.
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Keywords: Bikaji Foods, Q1 FY25, net profit increase, revenue growth, ethnic snacks, Deepak Agarwal, EBITDA improvement, stock market performance, proactive hedging strategies, volume growth, operational efficiency.