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Bikaji says `not for sale` amid investor interest in Indian snacks market  Indian snacks maker Bikaji Foods is "not for sale" and is instead on the prowl itself, aiming to cash in on the growing appetite for savoury brands in the world's most populous country, a top executive told Reuters. The Indian savoury snacks sector has ballooned in recent years as consumers splurge on packaged foods. "Bikaji is not for sale. Whatever price someone offers, there are certain things that are not for sale," Chief Operating Officer Manoj Verma s...
Bikaji says `not for sale` amid investor interest in Indian snacks market
Bikaji says `not for sale` amid investor interest in Indian snacks market
Source: Reuters
2024-08-28 11:12:54 am
Add Bikaji Foods International For Target Rs. 760 By Emkay Global Financial Services Execution to aid topline; RM inflation to limit margin Bikaji’s Q1FY25 management commentary reassured us on the topline trajectory, but margin outlook for FY25 looks bland. The management is aiming for 13-15% volume growth for FY25, and expects product prices to increase by ~2-3%. Bikaji effected 70-80bps price hikes in Q1, and is mulling a 150bps price-hike in Q2, to pass on the impact of sequential inflation in key raw materials. We now build in flat gross margin for FY25E (32.5%,...
Add Bikaji Foods International For Target Rs. 760 By Emkay Global Financial Services
Add Bikaji Foods International For Target Rs. 760 By Emkay Global Financial Services
Source: Emkay Global Financial Services
2024-08-14 03:41:15 pm
Bikaji Foods International moves up on eyeing acquisition of stake in Ariba Foods Bikaji Foods International is currently trading at Rs. 865.95, up by 5.90 points or 0.69% from its previous closing of Rs. 860.05 on the BSE. The scrip opened at Rs. 869.80 and has touched a high and low of Rs. 869.80 and Rs. 837.45 respectively. So far 27227 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 895.95 on 12-Aug-2024 and a 52 week low of Rs. 450.45 on 26-Oct-2023. Last one week high and low of the scr...
Bikaji Foods International moves up on eyeing acquisition of stake in Ariba Foods
Bikaji Foods International moves up on eyeing acquisition of stake in Ariba Foods
Source: Accord Fintech
2024-08-13 11:26:48 am
BUY Bikaji Foods International Ltd. For Target Rs. 650- Emkay Global Financial Services Palatable offering; initiate with BUY We initiate coverage on Bikaji Foods International (Bikaji) with a BUY and Mar25E TP of Rs650/sh (25% upside), on 48x P/E. An enhanced brand image and better pack-mix place Bikaji at an advantage to leverage the swiftly evolving Indian savory snacks story (mkt size: Rs1.4trn as of FY22) set for double-digit growth. We build-in mid-teens sales growth, likely to elevate further, backed by Company’s distribution drive across core & focus markets...
BUY Bikaji Foods International Ltd. For Target Rs. 650- Emkay Global Financial Services
BUY Bikaji Foods International Ltd. For Target Rs. 650- Emkay Global Financial Services
Source: Emkay Global Financial Services
2024-06-27 05:48:02 pm
Q3 and 9M FY24 by Bikaji Foods International Limited Bikaji Foods International Limited (Bikaji), India’s third largest ethnic snacks manufacturer and the second fastest growing company in the Indian organised snacks market, today announced its financial results for the quarter ended December 31, 2023. Financial Overview Q3FY24 Financial Performance Summary:                             &nbs...
Q3 and 9M FY24 by Bikaji Foods International Limited
Q3 and 9M FY24 by Bikaji Foods International Limited
Source: PR Agency
2024-02-03 12:51:02 pm
India`s Bikaji Foods posts Q3 profit rise on strong demand for packaged sweets, snacks  India's Bikaji Foods International reported a 14.4% rise in third-quarter profit on Friday, driven by strong demand for its packaged sweets and snacks. Consolidated net profit stood at 466.2 million rupees ($5.6 million) for the three months ended Dec. 31, compared with 407.4 million rupees a year earlier. Increased purchases of snacks and sweets during the festive season, which typically spans from October to November, helped bolster the company's bottom line. The ethn...
India`s Bikaji Foods posts Q3 profit rise on strong demand for packaged sweets, snacks
India`s Bikaji Foods posts Q3 profit rise on strong demand for packaged sweets, snacks
Source: IANS
2024-02-02 04:45:46 pm
Buy Bikaji Foods International Ltd For Target Rs.565 - JM Financial Institutional Securities Bikaji’s 2QFY24 earnings print was ahead of our estimate, especially on the operating front, primarily on account of positive surprise on gross margin (+82bps vs our est). Revenue growth, although better than our forecast, has seen deceleration (+5.6% vs 15% in 1Q) - due to challenging demand scenario, lower realisation in salty snacks (grammage increase to pass on RM benefit to consumers) and seasonality led impact on Packaged sweets (shift in festive season) & Papad (adverse monso...
Buy Bikaji Foods International Ltd For Target Rs.565 - JM Financial Institutional Securities
Buy Bikaji Foods International Ltd For Target Rs.565 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
2023-11-22 02:52:23 pm
India`s Bikaji Foods posts 47% profit rise as raw material costs ease  India's Bikaji Foods International reported a 47% increase in quarterly profit on Monday, benefitting from higher distribution of its crispy ethnic snacks and easing ingredient prices. Prices of several raw materials in the packaged foods segment, including edible oils and corrugated boxes, have dropped in recent months, helping everyone in the sector from biscuit maker Britannia Industries to Bikaji report solid earnings. Bikaji — which has a strong foothold in Rajastha...
India`s Bikaji Foods posts 47% profit rise as raw material costs ease
India`s Bikaji Foods posts 47% profit rise as raw material costs ease
Source: Reuters
2023-11-06 04:22:39 pm