On Junes 28, Bikaji Foods International shares surged over 4% after large deals took place on the bourses.
About 75.6 lakh shares, on behalf of 3% equity, worth Rs 322.6 crore, changed hands on the exchanges.

Though the stock came off its initial highs, at 9:48 am, it rose 0.2% at Rs 430 on the BSE.
In Q4FY23, revenue rose around 16% YoY to Rs 460 crore. The company observed sales growth across all segments.

The anticipation is that the sales growth will recover with the firm’s entry into new geographies. Further, the high-margin portfolio is anticipated to increase to 18% from 13% over the next 3 years.

Analysts believe the firm’s revenue growth would continue high, driven by growth chances in non-penetrated states. Also, with increased sales growth, margins will probably expand in the coming quarters.