Bikaji Foods International Limited has informed the Exchange regarding a press release dated July 24, 2025, titled "Press Release in relation to Joint Venture cum Shareholders Agreement to be entered into between the Company and C. G. Foods Nepal Limited".
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Bikaji Foods has approved a 50:50 joint venture with Nepal's Chaudhary Group through its arm C.G. Foods Nepal Limited. The JV will manufacture, trade and market Bikaji's ethnic snacks portfolio — including bhujia, namkeen, papad, packaged sweets and snacks — in Nepal. Both partners will fund the venture in tranches to set up a new manufacturing facility in Nepal. The partnership targets Nepal's FMCG market, which is valued at over USD 1 billion, has a population of about 30 million, and is growing at roughly 20% annually. Bikaji will contribute its product expertise and brand, while Chaudhary Group brings its deep local market reach and distribution strength.
This is a positive development for shareholders as it marks Bikaji's formal entry into the fast-growing Nepalese FMCG market through a low-risk, equally-funded partnership, sharing costs and execution risk with an established local partner. Investors should watch for further disclosures on capital infusion size and timelines, which will clarify the financial impact.