FMCG Stock, which is India’s third largest ethnic snacks brand, jumped 4 percent in the day’s trade after it declared its quarter ended September(Q2FY24) results with 44 percent jump in net profit to Rs. 59.78 and 26 percent jump in revenue from operations to Rs. 607.99 Crores QoQ.
At the day’s closing the shares of Bikaji Foods International Limited were trading at Rs. 498.10 up 3.91 percent from its previous day close price of Rs. 479.35 and its market capitalization is Rs. 12,472 Crores.
As per the company’s filing, Bikaji Foods International Limited have released their quarter ended September (Q2FY24) results and it is as follows
Its Revenue grew 5.5 percent YoY from Rs. 575.98 Crores in Q2FY23 to Rs. 607.99 Crores in Q2FY24 and it grew 26.22 percent QoQ from Rs. 481.68 Crores in Q1FY24 to Rs. 607.99 Crores in Q2FY24.
Its Net Profit grew 46.08 percent YoY from Rs. 40.92 Crores in Q2FY23 to Rs. 59.78 Crores in Q2FY24 and it grew 44.36 percent from Rs. 41.41 Crores in Q1FY24 to Rs. 59.78 Crores in Q2FY24.
As per company’s financial statements Bikaji International Foods Limited revenue grew 22.04 percent from Rs. 1,610.96 Crores in FY22 to Rs. 1,966.07 Crores in FY23, accompanied by increased profits of Rs. 77.95 Crores to Rs. 128.54 Crores.
It has reported a return on equity (ROE) of 14.38 percent and a return on capital employed (ROCE) of 17.66 percent, it is making good returns on its equity and capital employed.
According to the latest shareholding data available for the September 2023 quarter, the company’s Promoters hold 75.21 percent stake, the Domestic Institutional Investors hold 13.55 percent and the Foreign Institutional Investors (FII) hold 7.02 percent.
Bikaji Foods International Limited is the third largest ethnic snacks brand in India with a wide range of products that includes bhujia, namkeen, packaged sweets, papad, western snacks gifts etc with its presence in domestic and international markets.
Written by: Bharath K.S
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