Hazelnut Factory Food Products (The Hazelnut Factory or THF), a caf' cum artisanal sweets brand based in Lucknow. It has a retail presence in 6 stores in Lucknow and 1 store each in Kanpur & Delhi. The brand offers specialty coffee, artisanal sweets, bakery & patisserie along with a range of caf' menu. It had recorded a turnover of Rs 44.85 crore for the financial year ended on 31 March 2024. Bikaji Foods stated that this investment will be done in tranches and is expected to be completed in next 2 years. Through this acquisition, Bikaji aims to set up a 'House of Brands' to cater to unique customer tastes and preferences and establish Bikaji as a key player in the quick service restaurant (QSR) domain. Deepak Agarwal, MD of Bikaji Foods International, said: This acquisition marks a significant step in Bikaji's journey to expand beyond traditional ethnic snacks and enter into retail QSR, premium artisanal sweets and bakery segment. This strategic move not only marks our entry into the high-growth QSR sector but also aligns with our vision to build a 'House of Brands'. By integrating THF's premium offerings and Bikaji's manufacturing capabilities, we aim to cater to unique customer tastes and preferences, establishing Bikaji as a key player in the QSR space. Bikaji Foods International is the third largest ethnic snacks company in India with an international footprint, selling Indian snacks and sweets, and is among the fastest growing companies in the Indian organised snacks market. The company's consolidated net profit jumped 40.60% to Rs 58.56 crore on a 15.25% increase in sales to Rs 555.13 crore in Q1 FY25 over Q1 FY24. The scrip fell 1.11% to currently trade at Rs 900.20 on the BSE. Powered by Capital Market - Live

Bikaji Foods International (Bikaji) announced that, Bikaji Foods Retail (BFRL), its wholly owned subsidiary, will make a strategic investment of Rs 131.01 crores for an acquisition of 53.02% stake in Hazelnut Factory Food Products (The Hazelnut Factory / THF), a Caf' cum Artisanal sweets brand based in Lucknow. This investment will be done in tranches and is expected to be completed in next 2 years. Through this acquisition, Bikaji aims to set up a House of Brands to cater to unique customer tastes and preferences and establish Bikaji as a key player in the Quick Service Restaurant (QSR) domain. Powered by Capital Market - Live

Bikaji Foods International will hold a meeting of the Board of Directors of the Company on 24 October 2024.Powered by Capital Market - Live

Bikaji Foods International will hold a meeting of the Board of Directors of the Company on 24 October 2024.Powered by Capital Market - Live

Bikaji Foods International has completed the acquisition of 55% stake in Ariba Foods on 04 September 2024. Ariba Foods has now become a subsidiary of the company. This acquisition is part of the company's strategy of backward integration and securing control over supply of frozen food. The company plans to shift its current frozen snacks and savories manufacturing to the Ariba Foods' manufacturing facility located at Ujjain, Madhya Pradesh. Powered by Capital Market - Live

Bikaji Foods International announced the acquisition of a 55% equity stake in Ariba Foods, a leading Ujjain-based company specializing in snacks and frozen foods, including samosas, naans, parathas, and sweets. This strategic investment, totaling Rs 60.49 crore, will enable Bikaji to enhance its frozen food production capabilities and expand its market presence.Powered by Capital Market - Live

Bikaji Foods International will hold a meeting of the Board of Directors of the Company on 23 August 2024.Powered by Capital Market - Live

The Board of Bikaji Foods International will meet on 23 August 2024 to consider and approve the acquisition of stake in Ariba Foods, which is engaged in the business of manufacturing and selling of frozen food. Powered by Capital Market - Live

Bikaji Foods International announced that the 29th Annual General Meeting (AGM) of the company will be held on 25 September 2024.Powered by Capital Market - Live

Net profit of Bikaji Foods International rose 40.60% to Rs 58.56 crore in the quarter ended June 2024 as against Rs 41.65 crore during the previous quarter ended June 2023. Sales rose 15.25% to Rs 555.13 crore in the quarter ended June 2024 as against Rs 481.69 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales555.13481.69 15 OPM %16.5013.66 - PBDT95.9969.23 39 PBT78.0855.85 40 NP58.5641.65 41 Powered by Capital Market - Live