Bikaji Foods International (BIKAJI) Q4 20/21 earnings summary

Executive summary

• FY21 revenue reached ₹1,310.7 crore, up 21.9% YoY; EBITDA was ₹144.8 crore, up 53.1%, and net profit ₹90.3 crore, up 60.1%.

• Operations recovered after early-pandemic disruption; demand from quarantine snacking, packaged-food hygiene preferences and online sales supported growth.

Financial highlights

• Consolidated revenue from operations rose to ₹1,310.7 crore from ₹1,074.6 crore in FY20; consolidated PAT attributable to owners reached ₹90.3 crore from ₹56.4 crore.

• EBITDA increased 53.1% YoY to ₹144.8 crore; higher EBITDA and low debt-equity supported bottom-line growth.

• Standalone revenue from operations was ₹1,308.5 crore, up 21.8% YoY; standalone PAT was ₹89.7 crore, up more than 57%.

Outlook and guidance

• Growth expected to remain strong as new products and capacity come online, distribution expands, and penetration increases in less-served geographies.

• Priorities include manufacturing expansion in Rajasthan, Bihar and Uttar Pradesh, stronger distribution, advanced technology, and branding; new facilities were expected to begin commercial operations within two years.

• Focus markets recorded 33.93% sales CAGR in FY19–FY21 and are expected to contribute disproportionate growth over the next several years.