(20 second reading) Bikaji Foods International posted a massive 200 percent jump in net profit at Rs 116.3 crore and revenue from operations rose 12.8 percent YoY to Rs 520.8 crore in the quarter ended March 2024.
Bikaji’s EBITDA rose 10.2 percent on-year to Rs 67.5 crore during the quarter under review, while margin stood at 13 percent in the said quarter. The board of the company also approved a final dividend of Rs 1 per equity share.
Bikaji Foods International is the third largest ethnic snacks company in India, selling Indian snacks and sweets. On the bottom-line front, the snack maker’s EBITDA margin for FY24 stood at 16.8 percent, led by reduction in commodity prices, superior mix, operating leverage and effective cost management.