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Time of India
27-05-2025
- Business
- Time of India
Companies pause packaged food price hikes as input costs stabilise
New Delhi: Makers of grocery staples such as snacks, biscuits and tea have paused price hikes after three back-to-back quarters of 5-10% increases across pack sizes, as key commodity prices like palm oil and wheat stabilise. Executives at companies such as Britannia, Wipro Consumer, Parle Products and Bikaji Foods said they are pausing price increases. Some said they are also bringing back selective consumer promotions to boost sales even as urban demand remains under stress, their executives said. "(While) we see no price reduction or grammage increase in the next couple of quarters, there will be no more price increases for sure," Varun Berry, managing director of Britannia Industries , told ET. While the maker of Nutrichoice biscuits and Laughing Cow cheese did some strategic buying of wheat and flour, most of its commodities are priced at the same level as at the end of FY25, he said. "Flour is just slightly lower than the exit price of last year despite the wheat season," he added. Deepak Agarwal, MD, Bikaji Foods, too, said the snacks firm would not increase prices as some inflation is under control and raw material costs are reducing. "Selective consumer offerings and promotions will be reintroduced to get better market share and momentum," he added. Companies making daily essentials and grocery products had been increasing prices by 5-10% on higher raw material costs while maintaining that they withheld some of the cost pressures amid stagnating sales in cities. With food inflation expected to remain low, company executives expect their retail prices to remain steady. "Core inflation will likely remain range-bound, led by weaker commodity prices, softer growth and a stronger rupee," HSBC Research said in a report released on Monday. This, it said, is a relief for consumers and "may fuel the purchasing power of households." Anil Chugh, president, food business, at Wipro Consumer Care , said the overall food inflation is expected to remain in the region of 3-4% in the coming two quarters. "This is because of commodity prices stabilising, expected good monsoon and companies taking cautious approach to price increases," he said. Wipro Consumer Care makes Nirapara ready-to-cook foods and Granamma snacks. "For 3 quarters, prices were increasing," said Mayank Shah, vice president at Parle Products. "Now the hikes have been paused as some commodities are stable. Some key commodities are still higher than a year ago, but what's happened is that the rate of inflation has come down for now." The food inflation rate dropped to 1.78% year-on-year in April 2025, compared to a year-on-year Consumer Food Price Index of 10.87% in October 2024, according to government data. "Going forward, we expect tea pricing/ tea costs to soften rather than pricing going up (if the tea crop is normal). So, therefore, margins will come back," Sunil D'Souza, managing director, Tata Consumer Products , said in a quarter four post earnings call. NielsenIQ in its January-March quarter update earlier this month had said the FMCG industry grew 11% year-on-year by value, driven by a 5.6% price hike. Growth of packaged foods slowed to 4.9% in the January-March quarter compared to 6% in the fourth quarter of 2024, which the report attributed to declining lower volumes in edible oils and palm oil, impacted by higher prices. The past three quarters had seen surging prices of wheat (which increased 17.4% year-on-year in the March quarter), palm oil (17.2%) and cocoa (78%).
Time of India
26-05-2025
- Business
- Time of India
Companies pause packaged food price hikes as input costs stabilise
New Delhi: Makers of grocery staples such as snacks, biscuits and tea have paused price hikes after three back-to-back quarters of 5-10% increases across pack sizes, as key commodity prices like palm oil and wheat stabilise. Executives at companies such as Britannia, Wipro Consumer, Parle Products and Bikaji Foods said they are pausing price increases. Some said they are also bringing back selective consumer promotions to boost sales even as urban demand remains under stress, their executives said. "(While) we see no price reduction or grammage increase in the next couple of quarters, there will be no more price increases for sure," Varun Berry, managing director of Britannia Industries , told ET. While the maker of Nutrichoice biscuits and Laughing Cow cheese did some strategic buying of wheat and flour, most of its commodities are priced at the same level as at the end of FY25, he said. "Flour is just slightly lower than the exit price of last year despite the wheat season," he added. Deepak Agarwal, MD, Bikaji Foods, too, said the snacks firm would not increase prices as some inflation is under control and raw material costs are reducing. "Selective consumer offerings and promotions will be reintroduced to get better market share and momentum," he added. Companies making daily essentials and grocery products had been increasing prices by 5-10% on higher raw material costs while maintaining that they withheld some of the cost pressures amid stagnating sales in cities. With food inflation expected to remain low, company executives expect their retail prices to remain steady. "Core inflation will likely remain range-bound, led by weaker commodity prices, softer growth and a stronger rupee," HSBC Research said in a report released on Monday. This, it said, is a relief for consumers and "may fuel the purchasing power of households." Anil Chugh, president, food business, at Wipro Consumer Care , said the overall food inflation is expected to remain in the region of 3-4% in the coming two quarters. "This is because of commodity prices stabilising, expected good monsoon and companies taking cautious approach to price increases," he said. Wipro Consumer Care makes Nirapara ready-to-cook foods and Granamma snacks. "For 3 quarters, prices were increasing," said Mayank Shah, vice president at Parle Products. "Now the hikes have been paused as some commodities are stable. Some key commodities are still higher than a year ago, but what's happened is that the rate of inflation has come down for now." The food inflation rate dropped to 1.78% year-on-year in April 2025, compared to a year-on-year Consumer Food Price Index of 10.87% in October 2024, according to government data. "Going forward, we expect tea pricing/ tea costs to soften rather than pricing going up (if the tea crop is normal). So, therefore, margins will come back," Sunil D'Souza, managing director, Tata Consumer Products , said in a quarter four post earnings call. NielsenIQ in its January-March quarter update earlier this month had said the FMCG industry grew 11% year-on-year by value, driven by a 5.6% price hike. Growth of packaged foods slowed to 4.9% in the January-March quarter compared to 6% in the fourth quarter of 2024, which the report attributed to declining lower volumes in edible oils and palm oil, impacted by higher prices. The past three quarters had seen surging prices of wheat (which increased 17.4% year-on-year in the March quarter), palm oil (17.2%) and cocoa (78%).
Time of India
15-05-2025
- Business
- Time of India
Bikaji Q4 net profit drops 28% QoQ to Rs 39.9 crore; revenue down 14% sequentially
New Delhi: Traditional snacks brand Bikaji Foods , on Thursday, has reported a consolidated net profit of Rs 39.9 crore for the quarter ended March 31, 2025 ( Q4FY25 ), down 28 per cent from Rs 55.5 crore in the preceding quarter (Q3FY25) and 64 per cent lower than Rs 110 crore in the same quarter last year (Q4FY24), according to a regulatory filing. Revenue from operations declined to Rs 596.9 crore in Q4FY25 from Rs 697.4 crore in Q3FY25, marking a 14 per cent sequential fall. However, on a year-on-year basis, revenue rose 15 per cent from Rs 520.8 crore in Q4FY24. Its total expenses stood at Rs 568.8 crore during the quarter, compared to Rs 684.3 crore in Q3 and Rs 471.2 crore in Q4FY24. Profit before tax for the quarter came in at Rs 54.8 crore, significantly lower than Rs 154.7 crore in the previous quarter and Rs 115.5 crore a year ago. For the full financial year FY25, Bikaji posted a revenue of Rs 2,553.4 crore, up 14 per cent from Rs 2,234.4 crore in FY24. Net profit, however, declined 26 per cent year-on-year to Rs 194.3 crore from Rs 263.5 crore, as per the BSE filing. Earnings per share for FY25 stood at Rs 2.78, compared to Rs 3.61 in FY24.
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Business Standard
15-05-2025
- Business
- Business Standard
Bikaji Q4 results: PAT dips 65.7% to ₹39.92 cr despite revenue stability
Snacks manufacturer Bikaji Foods International Ltd on Thursday reported a 65.7 per cent drop to Rs 39.92 crore in consolidated profit for the March quarter of FY25. The company had posted a consolidated profit of Rs 116.28 crore in the January-March quarter a year ago, according to a regulatory filing from Bikaji Foods. Its total revenue from operation was marginally down to Rs 613.62 crore in the March quarter against Rs 614.44 crore a year ago. Total expenses were up 20.71 per cent to Rs 568.80 crore in the quarter under review compared to the year-ago period. For the financial year ended March 31, 2025, Bikaji Foods' net profit was down 26.23 per cent to Rs 194.34 crore, from Rs 263.46 crore a year ago. In FY25, Bikaji Foods' total consolidated income rose 12.6 per cent to Rs 2,654.75 crore. Bikaji Foods International is India's third-largest ethnic snacks manufacturer and the second-fastest-growing company in the Indian organized snacks market. Shares of Bikaji Foods International Ltd on Thursday settled at Rs 712.70 on BSE, up 1.06 per cent. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Economic Times
15-05-2025
- Business
- Economic Times
Bikaji Foods Q4 Results: Profit slumps 65% to Rs 39 crore
Snacks manufacturer Bikaji Foods International Ltd on Thursday reported a 65.7 per cent drop to Rs 39.92 crore in consolidated profit for the March quarter of FY25. The company had posted a consolidated profit of Rs 116.28 crore in the January-March quarter a year ago, according to a regulatory filing from Bikaji Foods. ADVERTISEMENT Its total revenue from operation was marginally down to Rs 613.62 crore in the March quarter against Rs 614.44 crore a year ago. Total expenses were up 20.71 per cent to Rs 568.80 crore in the quarter under review compared to the year-ago period. For the financial year ended March 31, 2025, Bikaji Foods' net profit was down 26.23 per cent to Rs 194.34 crore, from Rs 263.46 crore a year ago. In FY25, Bikaji Foods' total consolidated income rose 12.6 per cent to Rs 2,654.75 crore. Bikaji Foods International is India's third-largest ethnic snacks manufacturer and the second-fastest-growing company in the Indian organized snacks market. Shares of Bikaji Foods International Ltd on Thursday settled at Rs 712.70 on BSE, up 1.06 per cent. (You can now subscribe to our ETMarkets WhatsApp channel)
