Bikaji Foods International Limited is one of India's largest fast-moving consumer goods ("FMCG") brands. Founded in 1987 and headquartered in Bikaner, India, the company has established itself as a prominent player in the Indian ethnic snacks market. The company was founded by Shri Shivratan Agarwal with a vision to bring authentic Indian taste to consumers worldwide.
The name Bikaji is derived from Bika Rao - the founder of Bikaner and Ji, used as a mark of respect in India. What began as a small venture has grown into a significant FMCG brand with 2,794 total employees and operations spanning across India and international markets.
The company's 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. The company holds strong market positions across its key product segments, being the 3rd largest ethnic snacks company in India, the largest manufacturer of Bikaneri Bhujia (producing 35,588 tonnes annually), and the 2nd largest manufacturer of handmade papad in India.
Its namkeen products include Roasted Crushed Peanuts, Crusty Nuts, Murukku Sticks, Masala Boondi, Classic Salted Peanuts, KUCH KUCH (ALL IN ONE), Chowpati Bhelpuri, Chowpati Bhelpuri (Mobile Pack), and Punjabi Tadka. Its sweets products include Coconut Soanpapdi, Kaju Katli, Rajbhog, Cham Cham, Rasgulla Gol Matol, Gol Gool Gulab Jamun, and Mango Chocolate Burfee.
The company operates a robust manufacturing network to support its growing business. The company has six operational manufacturing facilities, with four facilities located in Bikaner (Rajasthan), one in Guwahati (Assam), one facility in Tumakuru (Karnataka) held through its subsidiary Petunt Food Processors Private Limited to cater to the southern markets in India that are operated by it, and one contract manufacturing unit in Kolkata (West Bengal) for which it has entered into a contract manufacturing agreement on a non-exclusive basis that helps it primarily cater to certain parts of eastern and north eastern India. In addition, it has one facility in Mumbai to manage its Mumbai restaurant sales.
Bikaji Foods has established a significant international footprint, demonstrating its commitment to global expansion. It exports snacks, sweets, frozen food, and savories to approximately 25 countries, including North America, Asia Pacific, the Middle East, the European Union, Africa, and the United Kingdom. The company has also strengthened its international operations with a foreign subsidiary BikajiFoods International USA Corp incorporated in 2023.
For the financial year 2025, sales rose 14.28% to ₹2,553.43 Crore in the year ended March 2025, as against ₹2,234.41 Crore during the previous year ended March 2024. However, net profit declined 24.41% to ₹200.85 Crore in the year ended March 2025, as against ₹265.70 Crore during the previous year ended March 2024.
Key financial metrics for recent quarters include:
- Q4 FY25: Sales rose 14.61% to ₹596.91 Crore as against ₹520.83 Crore in Q4 FY24.
- Q4 FY25: Net profit declined 61.67% to ₹44.56 Crore as against ₹116.24 Crore in Q4 FY24.
- Q3 FY25: Net profit declined 38.72% to ₹28.57 Crore while sales rose 11.78% to ₹697.42 Crore.
Bikaji Foods International Ltd has a market capitalization of ₹18,444 Crore as of recent trading data. The stock has shown resilience with its share price moving up by 31.99% on BSE over the last 12 months. The 52-week high share price is ₹1,005.00 and 52-week low share price is ₹520.00.
The company's stock is included in several key indices, being part of BSE 500, BSE SmallCap, Nifty 500, Nifty MidSmallcap 400, Nifty Smallcap 250, BSE Fast Moving Consumer Goods, BSE Allcap, BSE 250 SmallCap Index, BSE 400 MidSmallCap Index.
Promoter holding in Bikaji Foods International Ltd has gone down to 74.92% as of March 2025 from 75.10% as of June 2024. The company maintains strong corporate governance standards and regularly updates stakeholders through proper regulatory disclosures.
The company has been actively pursuing growth through strategic acquisitions and expansions. 3 new plants were established in Muzaffarpur, Kanpur, and Bikaner through the expansion process in 2023. Bhujialalji Private Limited and Bikaji Mega Food Park Private Limited were acquired, and a new production line for the Frozen Food category was established in Bikaner.
Recent strategic moves include investments in the Quick Service Restaurant (QSR) segment and continued focus on product innovation and market expansion. The company's commitment to quality and authentic Indian taste positions it well for continued growth in both domestic and international markets.
Bikaji Foods International represents a compelling investment opportunity in India's growing FMCG sector, with its strong brand recognition, diversified product portfolio, robust manufacturing infrastructure, and expanding international presence driving long-term value creation for shareholders.
