FMCG stock is India’s third-largest ethnic snacks company, manufacturing and selling Indian snacks and sweets with an international presence, plunged by 14.77 percent after the company reported weak quarterly results with a 60 percent YOY decrease in net profit.
Stock Price Movement:
In Wednesday’s trading session, Bikaji Foods International Limited‘s share reached an intraday low of Rs. 638.10 per equity share, down by 14.77 percent from its previous day’s close price of Rs. 732.35. The stock opened at Rs. 687.95 and is currently trading at Rs. 658.50. The market capitalization now stands at approximately Rs. 16,487.67 crore.
Q3 FY25 Result Walkthrough:
Coming into the quarterly results of Bikaji Foods International Limited, the company’s consolidated revenue from operations increased by 14.54 percent YOY, from Rs. 624.15 crore in Q3 FY24 to Rs. 714.90 crore in Q3 FY25, and down slightly by 0.87 percent QoQ from Rs. 721.17 crore in Q2 FY25.
Further, the company’s EBIDT has decreased by 27.26 percent, from Rs. 76.3 crore in Q3 FY24 to Rs. 55.5 crore in Q3 FY25.
In Q3 FY25, Bikaji Foods International Limited’s consolidated net profit decreased by 39.60 percent YOY, reaching Rs. 27.78 crore compared to Rs. 45.99 crore during the same period last year. As compared to Q2 FY25, the net profit has decreased by 59.50 percent, from Rs. 68.58 crore.
The basic earnings per share decreased by 59.35 percent and stood at Rs 1.23 as against Rs. 1.96 recorded in the same quarter in the previous year 2024.
Management commentary on Q3 FY25:
Commenting on the Q3 FY25 earnings, Bikaji Foods’ Managing Director, Deepak Agarwal, highlighted the company’s ability to maintain a strong performance across all categories despite challenges like inflationary pressures and weak market demand.
He stated, “Our company has delivered resilient performance across all categories, despite facing significant inflationary pressures and weak demand sentiments in the market. The traditional snacks category has been a major contributor, accounting for 62 percent of our total revenue, followed by the packaged sweets category, which contributed 18 percent.”
Addressing commodity price fluctuations, Agarwal mentioned that the company continues to witness inflation in key raw materials. He added, “Regarding commodity prices, we continue to experience year-on-year inflation in key inputs such as edible oil, potatoes, packaging material, and other essential commodities. To offset these rising costs, we have implemented selective price increases.”
Manufacturing Facilities:
The company has a total installed capacity of 325,320 metric tonnes, with Namkeen leading at 141,540 metric tonnes (43.5 percent), followed by packaged sweets (19.1 percent), bhujia (17.7 percent), western snacks (12.1 percent), papad (3.5 percent), and others (4.1 percent). It operates strategically located manufacturing facilities in Bikaner, Guwahati, Tumkur, Muzaffarpur, Patna, Raipur, and Kolkata for market proximity and raw material access.
Written By – Nikhil Naik
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
