After the company reported, consolidated net profit rose 43.6% to Rs 40.93 crore on 31.8% went up in net sales to Rs 576.97 crore in September 2022 over September 2021. Then Bikaji Foods International reported 3.4% to Rs 409.

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PBT surged 49.3% yearly to Rs 55.83 crore in the second quarter of FY23. During the September quarter, the EBITDA margin stood at 11.1% compared to the 10.4% posted in the same quarter of 2021. Total expenses jumped 30.8% YoY to Rs 526.83 crore in the second quarter of FY23. The cost of materials consumed stood at 24.98% yearly, while employee benefits expenses were Rs 27.16 crore.

In India, Bikaji is the third largest ethnic snacks company with an international footprint of brands, and sweets, selling Indian snacks in the Indian organised snacks market.

On November 16, 2022, Bikaji Foods International’s shares debuted on the bourses. The script was listed at Rs 321.15 with over the cost of 7.05% to the IPO price of Rs 300.