Bikaji Foods International Limited , a prominent player in the Indian snack food industry, has reported a significant change in its promoter shareholding. The company's promoters, Deepak Agarwal and Shiv Ratan Agarwal, have sold a total of 25,00,000 equity shares through an open market transaction.

Details of the Transaction

The sale involved each promoter offloading 12,50,000 shares. This move has resulted in a decrease in the promoter group's total shareholding from 74.92% to 73.92% of the company's total share capital.

Impact on Individual Holdings

The transaction has affected the individual holdings of the promoters as follows:

• Shiv Ratan Agarwal's stake reduced from 34.22% to 33.72%
• Deepak Agarwal's stake declined from 14.81% to 14.31%

Shareholding Structure Post-Transaction

Following the sale, the promoter group's shareholding structure stands as follows:

Company's Equity Structure

Despite the change in promoter shareholding, Bikaji Foods International Limited's total equity share capital remains unchanged at ₹25,05,92,710, divided into 25,05,92,710 equity shares of ₹1 each.

Regulatory Compliance

The company has duly informed the stock exchanges about this transaction, adhering to the disclosure requirements under Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Recent Corporate Activities

In a separate announcement, Bikaji Foods International Limited disclosed that it conducted group analysts and institutional investors meetings in Singapore. The company utilized publicly available investor presentations during these meetings, ensuring that no unpublished price-sensitive information was shared.

As Bikaji Foods International Limited continues to navigate the dynamic snack food market, investors and market watchers will likely keep a close eye on any further changes in the company's shareholding pattern and corporate activities.

Bikaji Foods International , a leading Indian snack food company, has delivered strong financial results for the first quarter, demonstrating resilience and growth in a competitive market.

Strong Financial Performance

The company reported a consolidated revenue growth of 15% year-over-year, with standalone growth reaching 11%. This impressive performance was driven by a 7.5% increase in sales volume, resulting in a total revenue of INR 653.00 crores for the quarter.

Bikaji's profitability also showed significant improvement:

The company's core category, ethnic snacks, grew by 11.20%, while exports surged by an impressive 60.80%. Family packs outperformed impulse packs with growth rates of 15.80% and 8.20% respectively.

Expansion and Market Penetration

Bikaji continues to expand its market reach, adding 15,000 new outlets during the quarter. This expansion has increased the company's direct coverage to 3.26 lakh outlets, strengthening its distribution network.

In a strategic move to capture the Nepal market, Bikaji announced a 50-50 joint venture with Nepal's CG Group. The partnership plans to invest INR 30.00 crores to establish local manufacturing facilities in Nepal, targeting INR 50.00 crores in revenue within two years.

Product Portfolio and Market Trends

The company reported improved demand recovery across rural and urban markets. This growth was supported by favorable raw material costs and recent price increases of 2.50% implemented by the company.

Bikaji's subsidiary, The Hazelnut Factory, is set for expansion with plans to reach 19-20 stores by year-end. The subsidiary is targeting an annual revenue run rate of INR 100.00 crores.

Future Outlook

Management cited positive factors contributing to the company's performance, including improved demand recovery, favorable raw material costs, and strategic price increases. With its strong financial results and expansion plans, Bikaji Foods International appears well-positioned for continued growth in the Indian snack food market.

The company's focus on expanding its distribution network, entering new markets through strategic partnerships, and capitalizing on the growing demand for both traditional and modern snack options suggests a promising outlook for the coming quarters.