Bikaji Foods International (BIKAJI) Q1 24/25 earnings summary

Executive summary

• Un-audited standalone and consolidated financial results for the quarter ended June 30, 2024, were approved, showing continued growth in revenue and profitability year-over-year.

• Board approved several key appointments and re-appointments in senior management and statutory auditor roles.

• Strategic initiatives include the incorporation of a new wholly owned subsidiary and approval of a merger scheme with Vindhyawasini Sales Private Limited.

Financial highlights

• Standalone revenue from operations for Q1 FY25 was ₹56,139.83 lakhs, up from ₹47,754.37 lakhs in Q1 FY24 (restated).

• Standalone net profit for Q1 FY25 was ₹6,033.68 lakhs, compared to ₹4,314.83 lakhs in Q1 FY24 (restated).

• Consolidated revenue from operations for Q1 FY25 was ₹57,215.99 lakhs, up from ₹48,772.43 lakhs in Q1 FY24.

• Consolidated net profit for Q1 FY25 was ₹5,785.24 lakhs, compared to ₹4,134.36 lakhs in Q1 FY24.

• Basic and diluted EPS (standalone) for Q1 FY25 stood at ₹2.42, up from ₹1.73 in Q1 FY24.

Outlook and guidance

• Board approved further investments in Bhujialalji Private Limited and Bikaji Foods International USA Corp to support expansion and diversification.

• New wholly owned subsidiary to focus on QSRs, restaurants, and food service ventures, indicating a strategic push into new business areas.