Bikaji Foods International (BIKAJI) Q4 18/19 earnings summary

Executive summary

• FY19 revenue from operations rose 15.5% YoY to ₹902.17 crore; PAT declined to ₹51.01 crore from ₹52.81 crore.

• Exports reached ₹23.90 crore; management targeted ₹1,500 crore in revenue by FY21 under its SHIKHAR 2020 initiative.

Financial highlights

• Revenue from operations was ₹90,217.73 lakh vs ₹78,101.41 lakh; total income was ₹91,181.21 lakh vs ₹78,581.63 lakh.

• PBT before exceptional items was ₹7,598.30 lakh vs ₹8,335.25 lakh; PAT was ₹5,101.14 lakh vs ₹5,281.18 lakh.

• Basic and diluted EPS was ₹21.09 vs ₹22.63; total comprehensive income was ₹5,038.02 lakh vs ₹5,324.78 lakh.

• Other income increased to ₹963.48 lakh from ₹480.22 lakh, including ₹190.08 lakh of MEIS income, including amounts relating to FY16-17 and FY17-18.

• Operating cash flow was ₹6,406.54 lakh vs ₹7,839.28 lakh; net cash from financing was ₹5,777.37 lakh, including share proceeds and premium.

Outlook and guidance

• FY21 revenue ambition was ₹1,500 crore under the SHIKHAR 2020 theme; an AC Nielsen report was presented to inform the target against market realities.

• Export plans focused on increasing reach in existing markets and exploring additional countries to support sales and brand recognition.