Bikaji Foods International , a prominent Indian snack food manufacturer, has announced it will maintain current pricing levels following recent stabilization in the palm oil market. This decision comes after implementing price increases totaling 3.5-4% over the past three quarters.

Price Strategy and Market Conditions

Manoj Verma, Chief Operating Officer of Bikaji Foods, revealed that the company does not plan any additional price hikes in the near future. This stance is primarily attributed to the recent stabilization of Malaysian crude palm oil prices, a key ingredient in many of Bikaji's products.

The palm oil market has shown significant volatility in recent months:

• Prices have rebounded 16% from their May lows
• This follows a 30% decline from peak prices observed in December

Verma expressed optimism about the market outlook, stating that palm oil prices are expected to remain stable. He also anticipates potential price improvements after the festive season, which typically sees increased demand for snack foods in India.

Impact on Indian Edible Oil Imports

The stabilization in palm oil prices comes against the backdrop of changing import patterns in India's edible oil sector. Recent data indicates:

The decline is primarily due to reduced palm oil shipments.

Strategic Expansion: Nepal Joint Venture

In a significant move to expand its market presence, Bikaji Foods has announced a joint venture with Nepal's Chaudhary Group. This partnership aims to:

• Manufacture and market Bikaji's product portfolio in Nepal
• Introduce popular items such as bhujia, namkeen, papad, packaged sweets, and snacks to the Nepalese market

This strategic alliance is expected to leverage Bikaji's product expertise and the Chaudhary Group's local market knowledge to establish a strong presence in Nepal's growing snack food sector.

The combination of a stable pricing strategy and international expansion underscores Bikaji Foods International's commitment to sustainable growth and market diversification in the competitive snack food industry.

Bikaji Foods International reported a fire incident at its contract manufacturing unit, Dadiji Snacks Private Limited (DSPL), located in Patna, Bihar on August 17, 2025. The company promptly informed the stock exchanges about the event, in compliance with regulatory requirements.

Incident Details

The fire occurred at DSPL's facility situated at Plot No. – 1070, 1070/2116 and 1088, Arai Main Road, Near Singariyawan, Daniawan, Patna, Bihar. According to the company's statement, the fire was brought under control quickly, and fortunately, no casualties or injuries were reported.

Business Continuity and Impact Assessment

Bikaji Foods has assured stakeholders that the incident is expected to have minimal impact on its business operations. The company plans to meet market demand by leveraging its other nearby manufacturing units until the affected facility resumes full operations.

Insurance Coverage and Loss Assessment

The company disclosed that DSPL has adequate insurance coverage for such incidents. Bikaji Foods has already notified the insurance company about the fire. Currently, DSPL is in the process of assessing the actual losses incurred due to the fire.

Management's Response

Rahul Joshi, Head - Legal and Company Secretary of Bikaji Foods International Limited, stated in the regulatory filing, "The Company will have minimal business loss due to the incident, and until operations at DSPL fully resumed, the requisite demand will be catered from other nearby located manufacturing unit."

Future Updates

Bikaji Foods has committed to updating the stock exchanges on any material developments related to this incident. The company has also made this disclosure available on its official website ( www.bikaji.com ) in compliance with regulatory requirements.

Investors and stakeholders are advised to monitor official company communications for further updates on this situation and its potential impact on Bikaji Foods International's operations.