Bikaji Foods International reported an 11.3% year-on-year decline in net profit to ₹70.78 crore for the second quarter of FY27, compared with ₹79.77 crore in the corresponding quarter last year, as reported by CNBC TV18. Despite the profit decline, revenue from operations rose 13.1% to ₹921.44 crore from ₹814.9 crore a year ago. EBITDA declined 7% to ₹119 crore from ₹128 crore, while EBITDA margin contracted to 13% from 15% in the year-ago quarter. Earnings per share stood at ₹5.22 for the quarter.
Bikaji Foods International shares gained 6.62% to ₹504.20 as of 10:06 am on Thursday, November 5, ahead of its scheduled Q2 FY27 results announcement. The stock was trading at ₹509.90 in the previous session, having surged 4.12% to close at ₹492.40 on Thursday, according to reports from The Hindu BusinessLine. Trading volume stood at 65.40 lakh shares, significantly higher than the 30-day average volume of 19.50 lakh shares. The stock remains down over 33% year-to-date and trades well below its 52-week high of ₹768.50 hit in December 2025. Shares ended 3.4% higher at ₹489 on the NSE on November 5, ahead of the earnings announcement.
According to CNBC TV18, Ethnic Snacks, the company's largest segment, outperformed with 19.7% revenue growth to ₹575.1 crore, now accounting for 62.7% of the product mix. Western Snacks posted strong growth of 44.2% to ₹81.5 crore. However, Packaged Sweets declined 11.3% to ₹141.9 crore, which the company attributed largely to a shift in the timing of the Diwali festive season, which falls in the subsequent quarter this year. Papad revenue declined 6.3% due to supply chain issues in handmade papad. Gross margin stood at 34.4%, a 60 basis points contraction year-on-year, reflecting inflationary pressure across key commodities including edible oil, which rose to an indexed level of 1.73 in Q2 FY27 from 1.00 in Q3 FY23.
For the first half of FY27, revenue from operations increased 12.8% year-on-year to ₹1,672.8 crore, supported by volume growth of 6.2%, as reported by CNBC TV18. EBITDA stood at ₹217.7 crore with a margin of 13%, while profit after tax came in at ₹128.4 crore. Direct outlet coverage expanded to 3,90,087 as of September 2026, up from 2,78,150 in September 2024. Commenting on the performance, Deepak Agarwal, Chairman and Managing Director, said the ethnic and western snacks categories recorded healthy volume and value growth, and expressed confidence about the demand environment in the second half of FY27.
In a separate regulatory filing, Bikaji Foods announced that ICRA has reaffirmed its long-term bank facilities rating at [ICRA] AA- with a stable outlook and its short-term rating at [ICRA] A1+. The reaffirmed ratings cover bank facilities totalling ₹147.32 crore. This rating reaffirmation comes ahead of the company's quarterly earnings announcement and may have contributed to the positive market sentiment, despite the stock facing selling pressure as growth was slower than the historical quarterly pace of over 25%.
