Bikaji Foods International (BIKAJI) Q2 24/25 earnings summary

Executive summary

• Unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2024, were approved and reviewed by the Board and auditors.

• The company operates as a single segment in food products, with no reportable segments.

• Comparative figures for the previous year have been restated due to the merger of Hanuman Agrofood Private Limited, effective April 1, 2022.

• New subsidiary Bikaji Foods Retail Limited was incorporated in September 2024 to pursue QSR and related ventures.

• Acquisition of 55% stake in Ariba Foods Private Limited and planned investment in Hazelnut Factory Food Products Private Limited to expand QSR presence.

Financial highlights

• Standalone revenue from operations for Q2 FY25: ₹71,324.44 lakhs, up from ₹56,139.83 lakhs in Q1 FY25 and ₹59,781.85 lakhs in Q2 FY24 (restated).

• Standalone net profit for Q2 FY25: ₹7,207.63 lakhs, up from ₹6,054.94 lakhs in Q1 FY25 and ₹6,130.98 lakhs in Q2 FY24 (restated).

• Consolidated revenue from operations for Q2 FY25: ₹72,117.48 lakhs, up from ₹57,215.99 lakhs in Q1 FY25 and ₹60,868.77 lakhs in Q2 FY24.

• Consolidated net profit for Q2 FY25: ₹6,849.94 lakhs, up from ₹5,785.24 lakhs in Q1 FY25 and ₹5,971.38 lakhs in Q2 FY24.

• Total assets (consolidated) as of September 30, 2024: ₹1,84,295.04 lakhs, up from ₹1,53,350.38 lakhs as of March 31, 2024.

Outlook and guidance

• Strategic focus on QSR, food catering, and related services through new subsidiary and acquisitions.

• Planned phased investment in Hazelnut Factory Food Products to establish a House of Brands in the QSR domain.