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Hot Pursuit News

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(24 May 2024, 10:33)

Bikaji Foods spurts as Q4 PAT zooms to Rs 116 cr

Bikaji Foods International jumped 5.24% to Rs 561.90 after the company reported a consolidated net profit of Rs 116.24 crore in Q4 FY24, steeply higher than Rs 38.10 crore posted in Q4 FY23.


Revenue from operations grew by 12.81% year on year to Rs 520.83 crore during the quarter.

Volume growth was at 14.3% in the quarter ended 31 March 2024.

Profit before tax surged to Rs 154.74 crore in Q4 FY24 as against Rs 51.41 crore recorded in Q4 FY23.

During Q4 FY24, EBITDA increased by 10% YoY to Rs 68.2 crore with a margin of 13.1% (excluding PLI).

The company's revenue from Ethnic Snacks grew by 10.8% YoY; constitutes 73.5% of overall revenue, Packaged Sweets revenue increased by 12.7% YoY; constitutes 8.2% of overall revenue, revenue from western snacks rose 14.6% YoY; constitutes 8.6% of overall revenue and revenue from Papad jumped 23.4% YoY; constitutes 8.6% of overall revenue, during the period under review.

On full year basis, the company’s consolidated ...

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