Restaurant India News: Bikaji Q4 Profit Surges 39.8 Percent on Strong Ethnic Snacks Demand

Bikaji Foods International reported strong financial performance for the quarter and financial year ended March 31, 2026, supported by growth across its ethnic snacks portfolio, distribution expansion and rising traction from modern retail channels.

The packaged foods company posted revenue from operations of Rs 7,209 million in Q4FY26, registering an 18.0 percent year-on-year increase. Volume growth for the quarter stood at 16.1 percent, while EBITDA reached Rs 877 million with an EBITDA margin of 12.2 percent. Profit After Tax rose 39.8 percent year-on-year to Rs 560 million, and earnings per share stood at Rs 2.25.

Ethnic snacks remained the company’s largest business segment during the quarter, contributing around 73.8 percent of overall revenue with 16.1 percent year-on-year growth. Packaged sweets revenue increased by 14.4 percent, while western snacks and papad categories grew by 8.6 percent and 11.6 percent respectively.

For the full financial year FY26, Bikaji reported revenue from operations of Rs 29,939 million, up 14.4 percent year-on-year. EBITDA stood at Rs 4,106 million with a margin of 13.7 percent, while Profit After Tax reached Rs 2,544 million. Earnings per share for the year stood at Rs 10.31, with annual volume growth recorded at 9.5 percent.

The ethnic snacks segment continued to contribute the largest share of revenue during FY26 at approximately 68.9 percent, registering 11.2 percent growth year-on-year. Packaged sweets grew by 8.9 percent, western snacks by 6.8 percent and papad by 10.9 percent.

Deepak Agarwal, Managing Director, Bikaji Foods International Limited, said, “The Company delivered a strong fourth quarter, with healthy growth of 18 percent in Revenue from Operations driven by broad-based, volume-led momentum across the core snacks portfolio. Demand trends remained resilient, supported by steady consumption in staples-led snacking categories, continued formalisation of the unorganised segment, and sustained traction in our focus markets.”

He added, “Growth was well-distributed across Bhujia, Namkeen, Packaged Sweets and Papad, reflecting the strength of our brand franchise and the depth of our regional play. Channel-wise, modern formats – particularly E-commerce and Modern Trade – continued to outpace the broader market, while General Trade delivered steady gains supported by ongoing distribution expansion and improved on-shelf availability.”

Agarwal also highlighted the company’s marketing initiatives during the year, including the “Kya baat hai ji” regional campaign in Uttar Pradesh featuring Pankaj Tripathi and the “Bhujia Ho to Bikaji” campaign, which focused on strengthening the company’s association with the bhujia category.

On margins and profitability, Agarwal said, “Gross margin expanded meaningfully on a year-on-year basis, benefiting from a benign input-cost environment and continued focus on operational efficiencies. Operating leverage and a disciplined cost structure translated into robust EBITDA growth and margin expansion, even as we continued to invest behind brand building, innovation and route-to-market. Profit After Tax grew at a strong double-digit pace, reflecting the combined benefits of topline momentum, margin expansion and prudent capital management.”

The company’s continued growth across ethnic snacks and packaged foods reflects rising consumer demand for organised branded products, particularly across modern retail and e-commerce channels, as competition intensifies in India’s packaged snacks market.