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Geojit Research’s IPO Report
Bikaji Foods International Ltd. is the third largest ethnic snacks company in India with an international footprint, selling Indian snacks and sweets, and is the second fastest growing company in the Indian organised snacks market.
Incorporated on 1995 at Bikaner in Rajasthan, Bikaji Foods has market leadership in the ethnic snacks market in Rajasthan, Assam and Bihar.
The company has operations across 23 states and four union territories and is also exporting products to other countries. In the six months ended June 30, 2022, the company sold more than 300 products under the Bikaji brand.
Bikaji Foods’ revenue grew 23% YoY in FY22, while its net profit fell 13% YoY due to higher raw material costs in FY22. Revenue for Q1 FY23 increased by 26% YoY to 419.2 crore, while net profit was 15.7 crore. H2 FY23 is anticipated to be better due to moderation in cost.
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