Bikaji Foods Sees Festive Boost in Q2 Profit

Bikaji Foods International Ltd reported a 14.72% increase in Q2 net profit, driven by festive demand for snacks and sweets. Revenue rose to Rs 721.17 crore, with total expenses at Rs 636.03 crore. The company's growth is attributed to ethnic snacks and packaged sweets demand during the festive season.

Bikaji Foods International Ltd has announced a significant 14.72% increase in its consolidated net profit for the second quarter ending September 30, 2024, aided by a surge in demand for snacks and packaged sweets during the festive season.

The company, a major player in the Indian snacks market, saw its revenue jump by 18.48% to Rs 721.17 crore, compared to Rs 608.68 crore a year earlier. This rise was driven by a 15% increase in volume growth, according to their earnings report.

Despite an increase in total expenses by 17.9%, reaching Rs 636.03 crore, Managing Director Deepak Agarwal attributed the company's success to the festive season's impact, with significant gains in both revenue and profit margins.

(With inputs from agencies.)