BIKAJI FOODS Results Analysis-Q3FY26

Operating Revenue for Q3FY26 is Rs. 790 Crs., 10.72% growth YoY, Total Income is Rs. 801 Crs., 11.11% growth YoY, EBITDA is Rs. 98 Crs., 77% growth YoY, EBITDA Margin is 12.45% Improved by 467 Basis points YoY, PBT Rs. 82 Crs, 111.7% growth YoY, PAT Rs. 62 Crs, 122.3% growth YoY. Total Volume is 39,218 Tonnes, 8.42% growth YoY, Ethnic Snacks Volume is 4,897 Tonnes, 13.3% growth YoY, Western Snacks Volume is 580 Tonnes, 22.6% growth YoY, Papad Volume is 475 Tonnes, 14.6% growth YoY, But Packaged Sweets Volume is 897 Tonnes, which shown a Negative growth of 17.1% YoY. On QoQ basis Op. Revenue is down by 4.85%, Total Income is down by 4.9%, EBITDA is down by 23.29%, PBT is down by 24% and PAT is also down by 20%. Management expects “EBITDA margin should move up at least 50 basis points from this year. Exports: strong momentum; new large-account wins; capacity enabling Market share aspiration: organized ethnic snacks market share targeted at “double-digit… maybe around 11%, 11.5%” over 3–5 years.