Bikaji Foods International reported a consolidated net profit of INR 560 Mn for the quarter ended March 31, 2026, a 39.8% increase from INR 401 Mn in the corresponding quarter of the previous year. Revenue from operations for the quarter stood at INR 7,209 Mn, up 18.0% year-on-year, driven by a volume growth of 19.4%. The Board of Directors approved the financial results at a meeting held on May 21, 2026, and the company conducted an earnings conference call on May 22, 2026, to discuss the performance.

Consolidated Financial Performance

For the full year FY26, consolidated net profit increased to INR 2,544 Mn from INR 1,942 Mn in FY25, while revenue from operations grew to INR 29,939 Mn from INR 26,168 Mn. The company achieved an EBITDA margin of 13.7% for the full year, an expansion of 120 basis points compared to the previous year. EBITDA for Q4FY26 rose to INR 877 Mn, with a margin of 12.2%. Earnings per share (EPS) for the quarter stood at INR 2.25, while full-year EPS was INR 10.31.

Operational and Distribution Highlights

The company delivered volume growth of 19.4% and value growth of 18.0% in Q4 on a year-on-year basis. Gross margin for the quarter stood at 35.6%, representing a growth of 240 basis points year-on-year. Direct coverage increased by approximately 9,638 outlets to reach 3.54 lakh outlets as of March 31, 2026, with overall total reach standing at 14.0 lakh outlets. Focus markets registered a growth of 15.0% YoY during the quarter. Family packs grew by 20%, while impulse segments grew by 14%.

Business Segment Performance

Revenue growth was distributed across key categories. Ethnic Snacks contributed approximately 73.8% of overall revenue in Q4 FY26 and grew by 16.1% YoY. Packaged Sweets grew by 14.4%, Western Snacks by 8.6%, and Papad by 11.6%.

Strategic Initiatives and Guidance

During the year, Bikaji Foods executed major brand campaigns including "Kya Baat Hai Ji" and "Bhujia Ho To Bikaji". The company undertook a logo and packaging revamp in January. For FY27, the company targets a volume growth of 13% in core states and 20% in focus states. The ad budget is expected to remain at 2% of sales. The company plans to invest close to INR 100 crores in capex for a new sweet factory in Bikaner and a warehouse to increase storage capacity to 6-8 days. Management stated they have taken a 3% price hike in April to manage inflation in edible oils and packaging materials.

Bikaji Foods International Limited has confirmed full compliance with the Securities and Exchange Board of India (SEBI) regulations for the financial year ended March 31, 2026. The company submitted its Annual Secretarial Compliance Report to BSE Limited and the National Stock Exchange of India Ltd on May 25, 2026, verifying adherence to the Listing Obligations and Disclosure Requirements (LODR) Regulations.

The certification was conducted by M/s S.K. Joshi & Associates and M/s V. M. & Associates, Company Secretaries. The examination covered the company's documents, records, filings, and website to ensure conformity with the SEBI Act, 1992, the Securities Contracts (Regulation) Act, 1956, and various SEBI regulations including the Prohibition of Insider Trading Regulations, 2015, and the Share Based Employee Benefits Regulations, 2021.

The report confirmed that Bikaji Foods International complied with all applicable provisions during the review period. There were no observations made in previous reports, and consequently, no actions were required to address past issues. The auditors confirmed that no actions were taken against the listed entity, its promoters, directors, or subsidiaries by SEBI or stock exchanges.

Specific compliance checks included the adoption and timely updation of board-approved policies, maintenance of a functional website with accurate disclosures, and the preservation of documents as prescribed. The company also conducted performance evaluations of the Board, Independent Directors, and Committees as required. All related party transactions were entered into after obtaining prior approval from the Audit Committee.

The report further verified that none of the directors were disqualified under Section 164 of the Companies Act, 2013. Additionally, there were no resignations of statutory auditors during the financial year, and the company did not have any material subsidiaries. The auditors stated that this report is based on the examination of relevant documents and is neither an audit nor an expression of opinion on the financial records.