Restaurant India News: Bikaji Reports 122.3 percent YoY Jump in Q3 FY26 Profit

Bikaji Foods International Limited has reported its financial results for the third quarter ended December 31, 2025, reflecting steady revenue growth and sharp improvement in profitability, supported by margin expansion and volume-led performance across key categories. The company reported revenue from operations of Rs 7,900 mn in Q3 FY26, marking a year-on-year growth of 10.7 percent, with volumes increasing 8.4 percent over the same period.

EBITDA for the quarter rose 77.1 percent year on year to Rs 984 mn, with margins improving to 12.5 percent, an increase of 466 basis points compared to the base quarter, aided by favourable raw material prices. Profit after tax grew 122.3 percent year on year to Rs 622 mn, while basic earnings per share stood at Rs 2.48.

For the nine months ended FY26, revenue from operations increased 13.3 percent to Rs 22,730 mn, supported by volume growth of 8.8 percent. EBITDA during the period grew 27.1 percent to Rs 3,228 mn, with margins expanding to 14.2 percent, up 154 basis points year on year. Profit after tax for the nine-month period rose 28.7 percent to Rs 1,984 mn, and basic earnings per share stood at Rs 8.05.

During Q3 FY26, ethnic snacks remained the largest contributor, with revenue growth of 13.3 percent year on year, accounting for approximately 67.4 percent of overall revenue. Western snacks reported growth of 22.6 percent and contributed around 8.0 percent, while papad grew 14.6 percent and accounted for 6.5 percent of revenue. Packaged sweets recorded a decline of 17.1 percent year on year, contributing 12.3 percent, impacted by seasonality due to an early Diwali in the current year. The retail business nearly doubled its revenue to Rs 471 million during the quarter.

For the nine-month period, ethnic snacks grew 9.6 percent year on year and contributed approximately 67.4 percent of total revenue. Packaged sweets grew 8.1 percent and accounted for 13.7 percent, while western snacks and papad grew 6.1 percent and 10.6 percent respectively. The retail business recorded growth of more than 150 percent, with revenue reaching Rs 965 million.

Deepak Agarwal, Managing Director, Bikaji Foods International Limited, said, “The Company delivered a resilient performance during Q3 and 9M FY26, with revenues growing by 10.7% and 13.3% respectively. This growth was primarily driven by the strong momentum in our Ethnic Snacks portfolio, which recorded growth of 13.3% in Q3 and 9.6% over the nine-month period. Demand remained robust across all product categories, underscoring the strength of our brands and their sustained consumer appeal. All categories delivered healthy double-digit growth, except packaged sweets, which were impacted by seasonality due to early Diwali in current year.”

He added, “Exports continued to be a key growth driver, registering a significant increase of 39.1% in Q3 and 58.7% during 9M FY26, supported by wider distribution and increased penetration across international markets. To address inflationary pressures and enhance margin resilience, the Company implemented a series of strategic initiatives, including selective price increases and focused cost efficiency programs. These measures helped sustain growth momentum, particularly within our core categories.”

“Our retail business has also begun contributing meaningfully to overall performance, with revenues growing over 150% year-on-year, reflecting improved store productivity and expanding consumer engagement. Looking ahead, the Company remains confident in its business outlook and is committed to delivering long-term, sustainable growth through continuous innovation, market expansion, and deeper consumer connect,” Agarwal said.

Bikaji Foods International continues to strengthen its presence across domestic and international markets, with exports spanning more than 25 countries across North America, Europe, the Middle East, Africa, and the Asia Pacific region, while maintaining its focus on scaling core snack categories within the organised Indian snacks market.