Synopsis:
Shares of Bikaji Foods International declined over 1.6 percent intraday after a block deal involving the sale of 25 lakh shares by promoters Deepak Agarwal and Shiv Ratan Agarwal. Buyers included ICICI Prudential Life, Tata MF, HDFC Life, Aditya Birla Sun Life, and Alpha mine Absolute Return.
The share of a packaged food manufacturer witnessed selling pressure after a promoter led block deal triggered a sharp fall in early trade. The stock slipped over 1.6 percent intraday before stabilizing, even as investors showed mixed reactions to the development and the company’s modest Q1 performance.
Bikaji Foods International Ltd, with a market capitalization of Rs. 18,333.36 crore, opened at Rs. 727 against a previous close of Rs. 733.65. The stock touched an intraday low of Rs. 721.20, marking a decline of 1.69 percent from the previous close.
What’s the News?
Promoters of Bikaji Foods International, Mr. Deepak Agarwal and Mr. Shiv Ratan Agarwal, sold a total of 25 lakh equity shares in a block deal, with each offloading 12.5 lakh shares, amounting to a 0.5 percent stake individually.
The shares were sold at a price of Rs. 732 apiece. On the buy side, ICICI Prudential Life Insurance purchased 6.74 lakh shares or 0.27 percent, Tata Mutual Fund picked up 7.42 lakh shares or 0.30 percent, and HDFC Life Insurance acquired 8.1 lakh shares or 0.32 percent. Aditya Birla Sun Life and Alphamine Absolute Return each bought 1.37 lakh shares, accounting for 0.05 percent each.
Bikaji Foods International is India’s third-largest ethnic snacks company and the second fastest-growing player in the organised snacks space. Founded in 1993 by Shiv Ratan Agarwal, the company serves Indian snacks and sweets across 25 states and four union territories and exports to 25 countries worldwide, including the US, Europe, and Asia Pacific. Its product portfolio includes bhujia, namkeen, sweets, papad, western snacks, frozen foods, and gift packs.
Bikaji reported a moderate year-on-year growth in Q1 FY26. Revenue rose by 14.16 percent year-on-year to Rs. 653 crore from Rs. 572 crore. Operating profit grew by 4.34 percent to Rs. 96 crore, compared to Rs. 92 crore in the same quarter last year. Profit before tax increased by 1.28 percent from Rs. 78 crore to Rs. 79 crore, while net profit increased by 1.72 percent year-on-year from Rs. 58 crore to Rs. 59 crore.
The company witnessed a year-on-year volume growth of 7.5 percent during the quarter, with focus markets expanding by 11.5 percent. Bikaji enhanced its direct distribution reach by adding approximately 15,000 outlets in Q1FY26. Gross margin stood at 35.0 percent, while EBITDA margin was recorded at 14.8 percent.
Ethnic Snacks, the company’s largest segment, grew by 11.2 percent year-on-year and contributed around 75.3 percent to overall revenue. Packaged Sweets grew by 3.1 percent and accounted for 6.6 percent of revenue.
Western Snacks recorded a 4.2 percent increase, making up 9.2 percent of the top line. Papad segment revenue grew by 5.8 percent, contributing 5.8 percent. The company’s retail business posted revenue of Rs. 21.2 crore during the quarter.
Written By Manan Gangwar
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