Bikaji Foods International LimitedQ1 FY27 Results & Financial Update
Bikaji Foods International Limited: Q1 FY27 consolidated results and company financials – revenue ₹7,343.00 Cr, PAT ₹595.00 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
Find an answer
Ask this result
Chart · Market context
Bikaji Foods International price & chart
Market price₹483.55
1Y return—Price return
Loading market chart…
TradingView Lightweight Charts™ · Copyright © 2025 TradingView, Inc.TradingView
Market chartPrice chart temporarily unavailableThe price chart could not be loaded right now. The reported financial results remain available above.
Spotted a factual error?Tell us the number, date or statement and we will re-check the underlying records and calculations.Report an error
Quarterly Results AnalysisExplore Bikaji Foods International Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Bikaji Foods International Limited sustained its growth momentum during the first quarter of fiscal year 2027, navigating elevated input costs driven by global inflationary and supply chain pressures to deliver robust operational results.
Consolidated revenue from operations expanded by 12.5% year-on-year to reach INR 7,343 million, supported by healthy volume growth of 7.7% and deeper market penetration across its operating regions.
The company's focus markets turned in a particularly strong performance, recording 18.9% growth year-on-year, aided by direct distribution expansion that added approximately 17,255 outlets to push direct coverage to around 3.7 lakh outlets.
Profitability remained resilient despite inflationary cost headwinds, with Earnings Before Interest, Tax, Depreciation, and Amortization (EBITDA) reported at INR 990 million and an EBITDA margin of 13.5%.
Profit After Tax (PAT) for the quarter stood at INR 595 million, translating to a PAT margin of 8.1%, with basic earnings per share coming in at INR 2.40 for the quarter.
Segmentally, performance varied across categories, with ethnic snacks and western snacks leading the charge, while packaged sweets grew moderately and papad experienced a slight de-growth.
01 · Business model
What does Bikaji Foods International do?
Bikaji Foods International Limited is one of India's leading ethnic snacks and packaged foods companies, holding the position of the third largest ethnic snacks company in India with an international footprint.
Founded by Shiv Ratan Agarwal in 1993, the company offers a diverse product portfolio across six principal categories including bhujia, namkeen, packaged sweets, papad, western snacks, and other items such as gift packs, frozen food, mathri, and cookies.
The company distributes its products extensively across India, operating in 27 states and 7 union territories as of March 31, 2026, while also exporting to 47 international countries including North America, Europe, Middle East, Africa, and Asia Pacific.
02 · Historical context
What shaped the business before this quarter
Shiv Ratan Agarwal launched the Bikaji brand in the year 1993 with an in-depth understanding of Indian tastes and preferences, building the enterprise into a major ethnic snacking entity.
As of March 31, 2026, the company established operations across 27 states and 7 union territories in India and built an export network reaching 47 international countries.
03 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q1 FY27 |
|---|---|
| Revenue from operations | ₹7,343.00 Cr |
| EBITDA | ₹990.00 Cr |
| Profit after tax | ₹595.00 Cr |
| EPS | ₹2.40 |
| EBITDA margin | 13.50% |
Financial interpretation
What the reported numbers mean
Profit after tax represented 8.1% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
The company's designated focus markets registered robust growth of 18.9% year-on-year, acting as a primary catalyst for overall revenue expansion.
Direct coverage increased by approximately 17,255 outlets during the quarter, taking total direct reach to approximately 3.7 lakh outlets.
What drove margins
Despite persistent inflation in key raw materials and global supply chain pressures, gross margins improved by 70 basis points year-on-year to 35.7%, aided by procurement discipline, manufacturing efficiencies, and strategic pricing and mix actions.
Disciplined cost management allowed the company to sustain its EBITDA margin at 13.5%, yielding an absolute EBITDA of INR 990 million.
05 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
Revenue grew by 11.4% year-on-year, maintaining its position as the largest revenue contributor at approximately 75.7% of overall revenue.
Demonstrated robust performance with revenue surging by 21.3% year-on-year, making it one of the standout growth categories.
Registered a steady 4.4% growth in revenue year-on-year during the quarter.
Experienced a slight contraction, with revenue de-growing by 6.5% year-on-year.
Geography and market mix
The company expanded its footprint across 27 states and 7 union territories with accelerated momentum in focus markets delivering 18.9% growth.
Maintained export operations across 47 international countries spanning North America, Europe, Middle East, Africa, and Asia Pacific.
06 · Strategy & new businesses
How the company is trying to change its growth mix
Management continued to invest behind capacity expansion, distribution network deepening, and new product development to drive future growth.
07 · Reported developments
What changed operationally
Delivered 12.5% revenue growth and 7.7% volume growth, driven by sustained consumer demand across core categories.
08 · Pressure points & risks
What is not going smoothly
Faced persistent inflation in key raw materials alongside global inflationary and supply chain pressures.
The papad category witnessed a de-growth of 6.5% year-on-year during the quarter.
09 · Beyond the numbers
What changed beyond the numbers
Reported update
Management Commentary
Chairman and Managing Director Deepak Agarwal highlighted that ethnic and western snacks were standout performers, reflecting brand strength and distribution reach amidst raw material inflation.
10 · Key Q&A
The quarter, answered directly
What does Bikaji Foods International do?
Bikaji Foods International Limited is one of India's leading ethnic snacks and packaged foods companies, holding the position of the third largest ethnic snacks company in India with an international footprint.
What is the clearest takeaway from Q1 FY27?
Bikaji Foods International Limited sustained its growth momentum during the first quarter of fiscal year 2027, navigating elevated input costs driven by global inflationary and supply chain pressures to deliver robust operational results.
What drove revenue or demand?
The company's designated focus markets registered robust growth of 18.9% year-on-year, acting as a primary catalyst for overall revenue expansion.
What mattered most for margins or profitability?
Despite persistent inflation in key raw materials and global supply chain pressures, gross margins improved by 70 basis points year-on-year to 35.7%, aided by procurement discipline, manufacturing efficiencies, and strategic pricing and mix actions.
What changed operationally beyond the headline numbers?
Management continued to invest behind capacity expansion, distribution network deepening, and new product development to drive future growth.
What are the main pressure points disclosed for the quarter?
Faced persistent inflation in key raw materials alongside global inflationary and supply chain pressures.
11 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
Starting point
Build your own next-quarter scenario
Reported values are prefilled where a comparable basis is available. Otherwise, the field starts at 0. You can overwrite every field.
Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.
Scenario output
Scenario revenue / income₹0 cr
Scenario operating profit₹0 cr
Profit change vs base₹0 cr (0%)
Scenario margin0%
Growth needed to keep profit flat after this margin move0%
The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.
12 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Distribution Reach: Monitor further expansion in direct outlet coverage beyond the 3.7 lakh outlet milestone achieved in Q1 FY27.
- 02
Category Trajectory: Track recovery in the papad category alongside sustained growth in western snacks and ethnic snacks.
Learn the metrics
Need the concepts first?
Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.