Bikaji Foods International Limited has informed the Exchange about Transcript
BIKAJI · price
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Bikaji Foods reported strong Q1 FY'26 results with consolidated revenue of INR 653 crore, up 14.2% year-on-year, and volume growth of 7.5%. Consolidated gross margin touched 35% (with PLI) and 33.7% (without PLI), while consolidated EBITDA reached ~14.8% with PLI — described as one of the best quarters in recent memory. Standalone gross margin was 33.6% with PLI and 32.3% without PLI. Exports surged 60.8%, and direct retail coverage rose to 3.26 lakh outlets. Management announced a 50:50 JV with Nepal's CG Group (Wai Wai noodles owner), planning INR 30 crore investment to target INR 50 crore top-line in 2 years. The Hazelnut Factory chain is on track for ~INR 100 crore ARR by Q4 FY'26, with plans for 19-20 stores by year-end. PLI factored at INR 50 crore for FY'26.
Strong margin recovery, robust export growth, and explicit forward guidance on gross margin (32%+ standalone ex-PLI) and 50bps annual improvement from FY27 should support positive investor sentiment. The Nepal JV and Hazelnut expansion signal management's confidence in long-term growth, though Hazelnut remains margin-dilutive in the near term.