Bikaji Foods International Limited — PPTs, 27-01-2026: Investor Presentation

**Business Performance:** Bikaji Foods reported robust Q3 FY26 results, with revenue growing 10.7% year-on-year (YoY) to ₹790 Crore, supported by an 8.4% underlying volume growth. Profit After Tax (PAT) impressively surged 122.3% YoY to ₹62.2 Crore, and EBITDA increased 77.1% to ₹98.4 Crore. The company also saw significant margin expansion, with Gross Margin reaching 34.7% and EBITDA Margin at 12.5%. Ethnic Snacks and Western Snacks were key segments driving this growth.

**Growth Drivers or Strategy:** The company is aggressively expanding its direct distribution network, now covering over 3.34 lakh outlets and achieving an overall reach of 13.93 lakh outlets. Strategic manufacturing facilities have a total installed capacity of 325,320 metric tons. Family packs remain a core focus, contributing 62.8% of the Q3 revenue.

**Recent Developments:** Bikaji launched major marketing initiatives, including the "Bhujia Ho To Bikaji" campaign across various media and the "Kya Baat Hai Ji" campaign in Uttar Pradesh featuring actor Pankaj Tripathi. The brand also refreshed its logo, signifying its next growth phase and reinforcing its Rajasthani heritage.

**Key Financial Metrics:** For Q3 FY26, Basic EPS stood at ₹2.48. For the nine-month period, revenue grew 13.3% to ₹2,273 Crore, PAT increased 28.7% to ₹198.4 Crore, and EBITDA grew 27.1% to ₹322.8 Crore.

**Management Commentary / Outlook:** Management emphasized the strong volume and value growth achieved in Q3, coupled with substantial improvements in margins, reflecting a solid operational quarter.