Bikaji Foods International Limited has informed the Exchange about Additional Acquisition of Stake by Bikaji Foods Retail Limited (Wholly-Owned Subsidiary of the Company), in Hazelnut Factory Food Products Private Limited
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Bikaji Foods' wholly-owned subsidiary BFRL has completed the second tranche of its acquisition in Hazelnut Factory Food Products (THF), buying an additional 8.59% stake for about ₹40 crore (₹39.99 crore) at a premium of ₹78,632 per share. With this, BFRL's total holding in THF rises to 48.99%, with cumulative investment of approximately ₹101 crore. THF is a Lucknow-based F&B company running cafés in Uttar Pradesh and Delhi, offering bakery, patisserie, sweets, desserts and snacks, with FY25 turnover of ₹54.31 crore (up from ₹44.85 crore in FY24 and ₹39.31 crore in FY23). The acquisition is part of Bikaji's strategy to expand its Quick Service Restaurant (QSR) vertical through a House-of-Brand approach. The transaction qualifies as a related party deal since Bikaji's CFO is also a director in THF, and was carried out at arm's length.
Bikaji is steadily moving towards a controlling 48.99% stake in a fast-growing café and bakery brand, which strengthens its QSR portfolio and could support future revenue diversification. Shareholders should note this is a related party transaction, though management confirms it was done at arm's length. Total cash deployed of ~₹101 crore is a meaningful but not transformative investment for Bikaji.