Bikaji Foods International Ltd - 543653 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Outcome of the Analyst/ Investor Meet10-11-2023
10-11-2023
Q2FY24 Quarterly & H1FY24 Bi-Annual Result Announced for Bikaji Foods International Ltd.
Packaged Foods company Bikaji Foods International announced Q2FY24 & H1FY24 results: Financial Performance: Q2FY24: Revenue from operation grew 5.5% YoY to Rs 6,087 million with Volume growth of 5.1% YoY EBITDA grew 36.5% YoY to Rs 877 million with a margin of 14.4% (up 330bps YoY and 80bps QoQ) led by operating efficiency and superior mix combined with the impact of favorable raw material prices Profit After Tax (PAT) grew 46.1% YoY to Rs 598 million Earnings per share (EPS) (Basic) stood at Rs 2.45 H1FY24: Revenue from operation grew 9.5% YoY to Rs 10,907 million with Volume growth of 10.5% YoY EBITDA grew 61.5% YoY to Rs 1,535 million with a margin of 14.1% (up 450bps YoY) led by operating efficiency and superior mix combined with the impact of favorable raw material prices Profit After Tax (PAT) grew 77.5% YoY to Rs 1,012 million Earnings per share (EPS) (Basic) stood at Rs 4.1 Business Segments: - Ethnic Snacks: Revenue grew by 10.0% YoY, contributing to approximately 69% of overall revenue. - Packaged Sweets: Revenue declined by 12.6% YoY, representing around 17% of overall revenue due to the shift of the festive season. - Western Snacks: Revenue increased by 9.0% YoY, constituting approximately 8% of overall revenue. - Papad: Revenue decreased by 6.0% YoY, comprising around 4% of overall revenue. Volume Growth: - The company achieved a volume growth of 5.1% YoY in Q2FY24, and 10.5% YoY in H1FY24. - The salty snacks category experienced the highest-ever volume growth of 17% YoY. Market Performance: - Focus markets grew by 11.2% YoY and 13.5% YoY in Q2FY24 and H1FY24, respectively. - The company increased direct coverage by 46k outlets in Q2, aiming to reach 2.5 lakh outlets by FY24. Deepak Agarwal, Managing Director, Bikaji Foods International, said, "We are thrilled to inform you all that our steadfast commitment to improving profitability has successfully helped us achieve record EBITDA. A key aspect contributing to our success this quarter has been the enhanced operating efficiencies we've implemented across our operations. This has helped us to position ourselves for further growth and advancement across various markets. With festivities around the corner, we are confident and optimistic about the upcoming quarter." Result PDF08-11-2023
Bikaji Foods International Ltd - 543653 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Audio Link of Earnings Call07-11-2023
Bikaji Foods International Results Earnings Call for Q2FY24
Conference Call with Bikaji Foods International Management and Analysts on Q2FY24 Performance and Outlook. Listen to the full earnings transcript.07-11-2023
Bikaji Foods International Ltd - 543653 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper Publication07-11-2023
Bikaji Foods International Ltd - 543653 - Announcement under Regulation 30 (LODR)-Investor Presentation
Investor Presentation06-11-2023
Bikaji Foods International Ltd - 543653 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Press Release on Results06-11-2023
Bikaji Foods International Ltd - 543653 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Analyst / Investor Meet on November 10, 202306-11-2023
Bikaji Foods International Ltd - 543653 - Announcement under Regulation 30 (LODR)-Change in Directorate
Appointment of Additional (Non Executive Independent) Director06-11-2023