Bikaji Foods International Limited has announced a robust performance for the quarter and financial year ended March 31, 2026. The company achieved a 18.0% revenue growth in Q4 FY26, reaching INR 7,209 million, supported by a 16.1% increase in underlying volume. For the full fiscal year, revenue grew by 14.4% to INR 29,939 million, with EBITDA reaching INR 4,106 million, showcasing strong operational growth and effective marketing initiatives across its diverse product portfolio.
Financial Performance Overview
The company recorded a strong final quarter for FY26, driven by a 16.1% growth in volume. Gross margins improved significantly, reaching 35.6%, a 240 bps increase year-on-year. Quarterly EBITDA stood at INR 877 million, maintaining a 12.2% margin, while Profit After Tax (PAT) for the quarter reached INR 560 million.
On a full-year basis, the company sustained its momentum with a revenue of INR 29,939 million, marking a 14.4% annual growth. The annual EBITDA reached INR 4,106 million, reflecting a 25.1% growth over the previous year, with an EBITDA margin of 13.7%.
Strategic Marketing and Brand Expansion
The company executed key strategic campaigns to enhance brand visibility and consumer engagement. A major highlight was the ‘Kya Baat Hai Ji’ regional campaign in Uttar Pradesh featuring Pankaj Tripathi, which aimed to establish Bikaji as a household habit. Complementing this, the ‘Bhujia Ho To Bikaji’ campaign was instrumental in reinforcing the brand’s leadership in the core bhujia category.
Operational and Distribution Growth
As of March 31, 2026, the company has reached a total distribution network of 14.0 lac outlets, reflecting a consistent focus on a direct distribution model. The manufacturing capabilities remain robust, with an installed capacity of 325,320 metric tonnes, strategically located to minimize logistic costs and ensure access to key raw materials like cow milk, moth dal, and moong dal.
Product and Market Mix
The product portfolio remains dominated by Ethnic Snacks, accounting for 73.8% of the revenue in Q4 FY26. The company continues to see growth in its family pack segment, which constitutes 60.0% of the SKU mix, confirming its market leadership. Additionally, the retail business saw significant expansion, with the total store count reaching 26, driving an annual revenue of INR 1,349 million for the retail division.
Source: BSE
