Bikaji Foods International Limited (BFIL), a prominent Indian snack food company, has taken a significant step towards enhancing its corporate social responsibility (CSR) efforts. The company recently received approval from the Ministry of Corporate Affairs (MCA) to incorporate a wholly-owned non-profit subsidiary named Bikaji Foundation.

Key Details of the Incorporation

The Bikaji Foundation, incorporated as a Section 8 company under the Companies Act, 2013, is set to play a crucial role in BFIL's social development initiatives. Here are the essential details of the incorporation:

Purpose and Scope

The primary objective of the Bikaji Foundation is to implement social development programs and execute Corporate Social Responsibility (CSR) initiatives as outlined in Schedule VII of the Companies Act, 2013. This strategic move is expected to provide operational autonomy in the execution of CSR activities while ensuring regulatory compliance.

Structure and Governance

As a company limited by guarantee, the Bikaji Foundation operates without share capital. Instead, it has seven members who have each undertaken a guarantee of ₹1,000.00. Notably, six of these members are nominee subscribers on behalf of Bikaji Foods International Limited, underlining the parent company's commitment to the foundation's objectives.

Implications for Bikaji Foods International

The establishment of this non-profit subsidiary signifies BFIL's dedication to structured and impactful CSR initiatives. By creating a separate entity for these activities, the company aims to enhance focus, transparency, and effectiveness in its social responsibility efforts.

This development aligns with the growing trend of corporate India taking a more organized approach to CSR, potentially setting a benchmark for other companies in the food and beverage sector.

As Bikaji Foods International continues to grow its business operations, the Bikaji Foundation is expected to play a pivotal role in channeling the company's resources towards meaningful social impact, thereby strengthening its corporate citizenship profile.

Bikaji Foods International Limited , India's third-largest ethnic snacks manufacturer, has reported robust financial results for the second quarter of fiscal year 2026, demonstrating resilience in the face of temporary market disruptions.

Financial Highlights

For Q2 FY26, Bikaji Foods posted a consolidated revenue from operations of ₹83,029.86 lakh, marking a 15.2% year-on-year growth. The company's EBITDA grew by 20.1% to ₹12,820.00 lakh, with the EBITDA margin improving to 15.4%, up 130 basis points year-on-year (excluding PLI income).

The company's profit after tax (PAT) increased by 13.5% to ₹7,770.00 lakh, while the adjusted PAT, which excludes exceptional items, grew by 18.1% to ₹8,080.00 lakh.

Performance Across Segments

Bikaji's performance across various product segments showed mixed results:

GST Transition Impact

The company faced temporary headwinds in September due to distributor destocking ahead of the GST rate revision. This led to a short-term impact in core states, despite strong performance in the first two months of the quarter. Excluding this one-time impact, the salty snacks business would have achieved high single-digit growth.

Deepak Agarwal, Managing Director of Bikaji Foods International Limited, commented on the results: "This quarter demonstrated strong and resilient growth, with revenue rising 15.2% YoY, driven by the outstanding performance of the Packaged Sweets segment, which grew by 32.3%. The Exports business continued its remarkable trajectory, delivering 77.3% growth, reflecting the increasing global acceptance of our products."

Expansion and Future Outlook

Bikaji Foods is actively expanding its market presence:

1. The company plans to acquire an additional 48.78% stake in Petunt Food Processors Private Limited (PFPPL), which will make PFPPL a wholly-owned subsidiary.

2. Bikaji is set to invest an additional $500,000 in Bikaji Foods International USA Corp, strengthening its international distribution network.

3. The retail segment showed promising growth, with revenue surging 279.5% and store count expanding from 5 to 21 stores.

Challenges and Opportunities

While the GST transition posed temporary challenges, the company reports that demand has normalized post-transition, with a healthy uptick in sales momentum observed. The management remains optimistic about future growth prospects, focusing on sustainable, long-term growth through continuous innovation, market expansion, and deepening consumer engagement.

Bikaji Foods' ability to maintain growth despite regulatory changes demonstrates its strong market position and adaptability. As the company continues to expand both domestically and internationally, investors will be watching closely to see how it capitalizes on the growing demand for ethnic snacks and navigates future market dynamics.