Latest news with #BikajiFoodsInternational
Business Upturn
13 hours ago
- Business
- Business Upturn
Bikaji Foods invests Rs 1.25 crore in US arm to strengthen distribution network
By Aditya Bhagchandani Published on August 12, 2025, 11:11 IST Bikaji Foods International has announced an investment of Rs 1.25 crore in its wholly owned subsidiary, Bikaji Foods International USA Inc. The investment, made via a rights issue, is aimed at expanding the company's distribution network and market reach in the United States. According to the company's exchange filing, this funding will support its overseas operations and help scale up its presence in the American market, where demand for Indian snacks continues to rise. Bikaji Foods, known for its traditional Indian savouries and packaged food products, has been actively pursuing global expansion to tap into the growing diaspora and international customer base. The fresh infusion into the US arm reflects the company's strategy to strengthen its supply chain, marketing, and retail presence in key markets. With this move, Bikaji aims to increase its footprint and build brand recognition beyond India, leveraging its established product range and heritage. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Time Business News
25-07-2025
- Business
- Time Business News
Bikaji Enters Nepal Market Through Joint Venture with Chaudhary Group
New Delhi– Bikaji Foods International (Bikaji), one of India's leading ethnic snacks brands, has approved the execution of a Joint Venture cum Shareholders' Agreement with Nepal's prominent conglomerate, the Chaudhary Group (CG). The joint venture aims to manufacture, trade, and market Bikaji's product portfolio — including bhujia, namkeen, papad, packaged sweets, and snacks — within the Nepalese market. As per the agreement, the newly formed entity will be equally owned by Bikaji Foods International Ltd (BFIL) and CG Foods, with a 50:50 equity structure. Both partners will inject capital in one or more phases to establish a state-of-the-art manufacturing facility in Nepal, enabling fast access to authentic, premium-quality Indian snacks for local consumers. Deepak Agarwal, Managing Director of Bikaji Foods International, stated, 'This joint venture represents a significant milestone in Bikaji's global expansion strategy and reflects our strong belief in Nepal's potential as a key strategic market. With CG Group's deep local expertise and leadership position, we are confident in our ability to deliver high-quality, affordable products that resonate with Nepalese consumers. This partnership goes beyond business — it aims to empower communities, strengthen supply chains, and contribute positively to Nepal's food ecosystem.' Varun Chaudhary, Director of CG Foods Nepal, added, 'Our collaboration with Bikaji is a testament to our ongoing commitment to introducing world-class food innovation in Nepal, while simultaneously enhancing local capabilities. This partnership is not just about superior products — it is about driving long-term value for Nepal through job creation and supply chain development. We envision integrating the rich, diverse flavors of India into everyday snacking experiences for Nepalese consumers.' This joint venture marks a pivotal step in transforming Nepal's packaged food industry by bringing together two market leaders focused on quality, accessibility, and shared growth. TIME BUSINESS NEWS
Business Standard
24-07-2025
- Business
- Business Standard
BIKAJI signs JV agreement with Nepal's Chaudhary Group
Bikaji Foods International (Bikaji) has approved the execution of the Joint Venture cum Shareholders' Agreement to be entered with Nepal's leading conglomerate, Chaudhary Group (CG). The joint venture marks Bikaji's commitment to strengthening its brand presence in the Nepalese food market and a significant milestone in its international growth strategy. The partnership will focus on manufacturing, trading and marketing Bikaji's portfolio categories (bhujia, namkeen, papad, packaged sweets and snacks) in Nepal, combining the expertise of both companies to grow the market in Nepal. As per the terms of Agreement, the joint venture company will be equally owned by BFIL and CG Foods (50:50); both parties will infuse capital in one or more tranches to build a state-of-the-art facility in Nepal to ensure that the consumers get to experience premium and authentic ethnic snacks and sweets with minimal turnaround time.
Business Standard
24-07-2025
- Business
- Business Standard
Bikaji Foods International consolidated net profit rises 2.81% in the June 2025 quarter
Sales rise 14.87% to Rs 637.06 crore Net profit of Bikaji Foods International rose 2.81% to Rs 59.90 crore in the quarter ended June 2025 as against Rs 58.26 crore during the previous quarter ended June 2024. Sales rose 14.87% to Rs 637.06 crore in the quarter ended June 2025 as against Rs 554.60 crore during the previous quarter ended June 2024. Particulars Quarter Ended Jun. 2025 Jun. 2024 % Var. Sales 637.06554.60 15 OPM % 15.1116.52 - PBDT 101.5595.99 6 PBT 78.5778.08 1 NP 59.9058.26 3
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Business Standard
24-07-2025
- Business
- Business Standard
Bikaji Foods pops 3% after posting Q1 results; what should investors do?
Bikaji Foods International shares rose 3.4 per cent in trade, logging an intraday high at ₹815.25 per share on BSE. The stock was in demand after the company posted its Q1FY26 results. At 9:30 AM, Bikaji Foods share price was trading 2.79 per cent higher at ₹810 per share on BSE. In comparison, BSE Sensex was down 0.14 per cent at 82,612.63. The market capitalisation of the company stood at ₹20,192.76. CATCH STOCK MARKET LIVE UPDATES TODAY Bikaji Foods Q1 results Bikaji Foods reported its Q1FY26 results on Wednesday, July 23, 2025, after market hours. In the June quarter (Q1FY26), Bikaji Foods registered a 9 per cent rise in the consolidated net profit year-on-year (Y-o-Y) to ₹58.5 crore as compared to ₹57.8 crore. Its revenue from operations stood at ₹652.7 crore, up 14 per cent, from ₹571.6 crore a year ago. The Earnings before interest, tax, depreciation and amotisation (Ebitda) stood at ₹96.3 crore as compared to ₹91.6 crore a year ago. Ebitda margin was at 14.8 per cent, as against 16 per cent a year ago. Brokerages' view on Bikaji Foods post Q1 results Emkay Global Financial Services has maintained a 'Buy' call on Bikaji Foods, with a target price of ₹825 per share on the back of the company's continued progress toward the goal of becoming a 'Total Food Company'. Bikaji's growth narrative continued to swiftly improve under its professional management, which has a dual focus of strengthening core operations and enhancing fundamentals through strategic merger and acquisition (M&A) initiatives. The company is in the process of setting up a bakery unit in South India under its wholly owned subsidiary, Bikaji Bakes Pvt Ltd.,' the brokerage note read. Nuvama Institutional Equities also continued with 'Buy', but said that it will revist its estimates and target price post earnings call. Bikaji Foods management commentary 'The company remains confident about the business outlook and is committed to delivering long-term sustainable growth through innovation, market expansion, and deeper consumer engagement,' said Deepak Agarwal, managing director, Bikaji Foods International Limited. About Bikaji Foods International Bikaji Foods International is an ethnic snacks company in India with an international footprint, selling Indian snacks and sweets, and is the second fastest growing company in the Indian organised snacks market. Bikaji Foods' product range includes six principal categories: bhujia, namkeen, packaged sweets, papad, western snacks as well as other snacks which primarily include gift packs (assortment), frozen food, mathri range, and cookies.
