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Earnings Call Transcript

Bikaji Foods International Earnings Call Transcript: Key Takeaways

Bikaji reported a challenging start to Q1 FY27 with supply disruptions in core markets but remains optimistic about high-teen growth driven by festival season demand and decentralized production.

Guidance and delivery
Management target Revenue 16.0% FY27
Highlights
Revenue growth12.5% YoY growth; Q1 saw supply disruptions but June recovered sharply.
MarginsEBITDA margin at 13.5% vs 12.2% QoQ; supported by pricing actions.
Demand visibilityStrong outlook for festive months; high demand in Quick Commerce channels.
Management confidenceConfident but cautious; addressing supply vulnerabilities through decentralization.

Growth

Revenue grew 12.5% YoY with 7.7% volume growth; Western snacks grew 21.3% while core ethnic snacks grew 11.4%.

Outlook

Management guides for 15-17% revenue growth and 13-13.5% EBITDA margins for the full year.

Risks

Raw material inflation in pulses and oil remains a pressure point; PLI benefits expire next fiscal year.

Last quarter's promises, checked

Delivered

  • Guided 15% core market growth → delivered 11.4% (MISS)
  • Guided 20% focus market growth → delivered 21.3% Western snacks (BEAT)
  • Guided 100% E-com growth → delivered 75%+ (MISS)

Partly delivered

  • Guided 3.5 lakh direct outlet reach → delivered 3.7 lakh (BEAT)
  • Guided 13.7% EBITDA margin maintenance → delivered 13.5% (PARTIAL)

Missed

  • Guided 15% sustainable revenue growth → delivered 12.5% (MISS)
  • Guided 50-55% THF top line growth → delivered 50% (PARTIAL)
Source

Earnings Call Transcript filed with BSE, NSE: BIKAJI. Summary written with AI assistance from the document.

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Bikaji Foods International Ltd: key numbers

Share price
₹573.95
Market cap
₹14,391 Cr
Revenue (annual)
₹2,994 Cr
Net profit (annual)
₹258.3 Cr
P/E (TTM)
55.7×Sector 43.4×
Promoter holding
73.88%+0.00% QoQ
FII holding
4.61%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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