Bikaji Foods International (BIKAJI) Q4 23/24 earnings summary

Executive summary

• FY24 consolidated revenue from operations rose 18.48% YoY to ₹2,329.34 crore; PAT reached ₹263.46 crore, including ₹93.05 crore of net PLI incentive income.

• Expanded distribution, manufacturing capacity and product breadth, including a new frozen-food line; FY25 priorities include higher plant utilization, margin optimization and further market expansion.

Financial highlights

• Consolidated EBITDA was ₹391.32 crore versus ₹213.19 crore in FY23; PAT was ₹263.46 crore versus ₹135.85 crore.

• Consolidated revenue from operations increased 18.48% YoY to ₹2,329.34 crore; total income was ₹2,356.66 crore.

• Consolidated EPS was ₹10.63 basic and diluted, versus ₹5.50 and ₹5.49, respectively, in restated FY23.

Outlook and guidance

• FY25 capacity-utilization target is above 50%; volume growth is expected despite inflation in key inputs including pulses and potatoes.

• Direct outlet reach is approximately 2.5 lakh, with a target of 3.5 lakh by FY25; focus states are expected to outperform core states by more than 1.5x.

• Priorities include optimizing margins, expanding frozen-food exports and broadening offerings such as puffs, rusks and other bakery items.