Bikaji Foods International Ltd

Bikaji Foods International Ltd announced that ICRA Limited has reaffirmed the ratings for the company’s bank facilities amounting to Rs 147.32 Crore, comprising Long Term [ICRA] AA- (Stable) and Short Term [ICRA] A1+, as detailed in a letter dated October 29, 2026; there were no enhancements, assignments, or withdrawals related to these ratings, and the disclosure is being hosted on the company’s website at www.bikaji.com in compliance with Regulation 46 of the Listing Regulations.

Bikaji Foods International Limited will hold a board meeting on November 5, 2026, to approve the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, along with the statement of assets and liabilities as at September 30, 2026 and statement of cash flow for the half year ended on September 30, 2026. The company also reported that the trading window for shares has been closed for designated persons and their immediate relatives from October 1, 2026, until 48 hours after the financial results are declared.

Bikaji Foods International Limited submitted a certificate to the BSE Limited and National Stock Exchange of India Ltd. on October 9, 2026, confirming that Beetal Financial and Computer Services Private Limited, the company’s Registrar and Share Transfer Agent (RTA), had not received any requests for dematerialization or rematerialization of shares during the quarter ended September 30, 2026.

Bikaji Foods International Limited will close its trading window for designated persons and their immediate relatives from October 1, 2026, until 48 hours after the declaration of the unaudited standalone and consolidated financial results for the quarter and half year ending September 30, 2026, in compliance with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, and the company’s Prevention of Insider Trading Code.

Bikaji Foods International Limited sold a 30% equity stake in its wholly-owned subsidiary, Bikaji Bakes Private Limited, to Mr. Thayekunni Khaleel for Rs 30,000, completing the sale on August 26, 2026. Bikaji Foods International Limited will continue to hold the remaining 70% stake in Bikaji Bakes Private Limited, which reported revenue of Rs 319.83 thousand and a net worth of Rs (6,128.46) thousand for the financial year ended March 31, 2026, and is considered a non-material subsidiary; the transaction was conducted at arm’s length and falls under the purview of the Companies Act, 2013 and Listing Regulations, with Deepak Agarwal and Shweta Agarwal, promoters of Bikaji Foods International Limited, also serving as directors of Bikaji Bakes Private Limited.

Bikaji Foods International Limited has re-appointed several directors to its board for second terms spanning five years, fulfilling regulatory requirements. Deepak Kumar, the Chairman, Rajeev Sharma, the Managing Director, and Anil Kumar Bachhawat, a Whole Time Director, will continue their tenures effective December 8, 2026. Additionally, Vinay Kumar Modi, Amit Kumar Modi, Shiv Kumar Modi, Deepak Kumar Sharma, Rajesh Kumar Modi, Sanjay Kumar Modi, Pawan Kumar Modi, and Rajeev Kumar Modi were also re-appointed for five-year terms, also effective December 8, 2026. Independent directors Pulkit Anilkumar Bachhawat, with experience in finance and investment, and Siraj Azmat Chaudhry, with expertise in agriculture and food processing, were re-appointed effective August 24, 2026, while Richa Manoj Goyal, a corporate and intellectual property lawyer, will continue her role effective December 8, 2026.

Bikaji Foods International Limited announced a 12.5% year-on-year increase in revenue to Rs 7,343 million for the quarter ended June 30, 2026, according to a press release, with volume growth at 7.7% and profit after tax at Rs 595 million. The company, led by Chairman and Managing Director Deepak Agarwal, attributed the growth to sustained demand across core categories, distribution expansion, and a strong performance in its Ethnic Snacks and Western Snacks segments, despite elevated input costs.

Bikaji Foods International Ltd share price gained 0.36% to Rs 650.0 after the company's net profit saw a marginal increase of 6.12% to Rs 59.47 crore, while revenue from operations slightly gained 1.89% to Rs 720.33 crore in Q2FY26 over Q1FY26. The market capitalization of Packaged Foods industry group stocks on BSE stood at Rs 4.93 lakh crore, declining 4.80%. It has inched up 0.23% over last one week and ticked higher by 0.07% in last one month while the market capitalization of Bikaji Foods International Ltd has improved by 1.32% and 3.59% in the same period respectively. Profit before tax (PBT) of Bikaji Foods International Ltd stood at Rs 80.75 crore in Q2 FY26, gaining 2.77% year-on-year, and easing 4.46% quarter-on-quarter. EBITDA came in at Rs 86 crore, slipping 0.46% YoY and jumping 22.69% sequentially. Total expenses posted a minor rise of 0.61% to Rs 661.49 crore in Q2FY26 over Q2FY25. During the quarter, cost of materials consumed stood at Rs 481.56 crore, posting a minor increase of 8.27% YoY, while employee benefits expense was at Rs 53.56 crore, registering a growth of 9.06% YoY. For the TTM ended FY26, revenue from operations advanced 15.16% to Rs 2934.74 crore, while net profit saw a strong growth of 30.98% to Rs 254.41 crore, compared to previous TTM. EBITDA jumped by 30864% to Rs 359.18 crore, and PBT soared 30.36% to Rs 344.76 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 304.1 crore in FY26, as against Rs 192.76 crore in FY25. Bikaji Foods International Ltd crashed 13.21% in last one year, underperforming the benchmark BSE Sensex which has slipped by 3.20% during the same period.

Bikaji Foods International Limited is expanding its global footprint with a joint venture in Nepal and a wholly-owned subsidiary in the UAE. The company plans to invest up to Rs 15,00,00,000 in a 50/50 joint venture, named BIKAJI FOODS INTERNATIONAL UAE LIMITED, to manufacture and market its snack products in Nepal, with completion expected within 10 months. Separately, Bikaji is establishing BIKAJI FOODS INTERNATIONAL UAE LIMITED in the UAE with an investment of up to AED 1,00,00,000 to optimize its international supply chain for the Middle East region. Additionally, the company has granted 1,00,000 stock options to employees with an exercise price of Rs 500 per option, vesting over three years, as part of the Bikaji Employees Stock Option Scheme 2021.

Bikaji Foods International Limited is expanding its international presence with a joint venture in Nepal and the incorporation of a wholly-owned subsidiary in the United Arab Emirates. The joint venture, named BIKAJI FOODS INTERNATIONAL UAE LIMITED, will partner with C.G. Savory Corp Private Limited and involve an investment of up to Rs 15,00,00,000 (AED 1,00,00,000), with Bikaji holding 50% ownership, and is expected to complete within 10 months. Separately, the UAE subsidiary, also named BIKAJI FOODS INTERNATIONAL UAE LIMITED pending approval, will receive up to AED 1,00,00,000 in investment and be 100% owned by Bikaji. Additionally, the company has granted 1,00,000 stock options to employees at a price of Rs 500 per option, under the Bikaji Employees Stock Option Scheme 2021, with a vesting schedule over three years. Both the joint venture and subsidiary incorporation are subject to regulatory approvals.