The FMCG industry in India is valued at approximately $110 billion and is projected to reach $220 billion by 2025. It is the fourth largest sector in the Indian economy, driven by urban and rural consumption. Key segments include food and beverages (19%), household care (50%), and personal care (31%).
Bikaji Foods International Ltd has a market capitalization of Rs 18,226.57 crore, the shares were trading at Rs 727.10 per share, increasing around 1.02 percent as compared to the previous closing price of Rs 719.75 apiece.
Nuvama, one of the well-known brokerages in India, gave a ‘Buy’ call on the FMCG stock with a target price of Rs 885 apiece, indicating a potential upside of 22 percent from Friday’s price of Rs 727.10 per share.
According to the brokerage, the company’s diverse menu puts it in a prime position for growth. Nuvama further stated that the business has completed most of its expenditure, and Bikaji’s increased asset utilization could boost its RoCE to 32% by FY27.
In the fiscal fourth quarter, the company posted an impressive 200 percent jump in net profit at Rs 116.28 crore, compared to Rs 38.67 crore in the previous year.
Revenue from operations increased by 12.8% to Rs 520.82 crore in the March quarter, up from Rs 461.69 crore in the same time the previous year. EBITDA increased by 10.2 percent to Rs 67.5 crore in the reporting quarter, up from Rs 61.3 crore the prior year, while the margin remained at 13 percent.
The firm sells snacks, sweets, frozen food, and savories in over 25 countries, including North America, Asia Pacific, the Middle East, the European Union, Africa, and the United Kingdom.
Bikaji Foods International Limited is an Indian-based ethnic snacking firm. The company’s primary business is the manufacture, purchasing, and selling of snack foods. The company provides products in six categories: bhujia, namkeen, sweets, papad, western snacks, and miscellaneous snacks.
Written by:- Abhishek Singh
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