Investment Note: Third largest allocation in "quant Small Cap Fund"
Bikaji Foods International Limited
Bikaji Foods International Limited, a leading player in India's packaged food industry, has demonstrated remarkable growth and resilience in recent years. The company's strategic initiatives, diverse product portfolio, strong brand positioning, and expansion into global markets position it as an attractive investment opportunity. With a focus on quality, innovation, and market expansion, Bikaji is well-positioned to capitalize on the growing demand for packaged foods in India and abroad.
Company Overview
Bikaji Foods International Limited is a prominent player in India's packaged food industry, specializing in ethnic snacks. The company boasts a diverse product portfolio of over 300 items, including namkeen, sweets, western snacks, chips, and cookies. Bikaji has established a strong presence in India and is also a top exporter of snacks, sweets, frozen food, and savouries to over 25 countries worldwide. The company's strong brand positioning, robust distribution network, and focus on quality have contributed to its success in both domestic and international markets
Financial Performance
Bikaji Foods International Limited has delivered impressive financial performance, with consistent revenue growth and strong profitability. The company's revenue from operations has witnessed steady growth, reaching INR 1,966.1 crores in the latest fiscal year. Profit after tax (PAT) stood at INR 126.6 crores, reflecting Bikaji's strong earnings potential. Additionally, the company maintains healthy financial metrics, including a debtors turnover ratio of 25.73 times, interest coverage ratio of 15.72 times, and return on capital employed (ROCE) of 15.0%