Bikaji Foods International

Bikaji Foods reported Q3 FY26 revenue growth of ~11Current reported value: 11. No comparable prior figure is available in the source record.% YoY, with core ethnic snacks growing 30.5%Current reported value: 30.5%. No comparable prior figure is available in the source record. and western snacks 20%+. Volume growth was 8.4%Current 8.4%. Reported change: +8.4pp YoY., aided by ~1.5-2% from GST-driven grammage increases. EBITDA margin stood at 12.5%Current reported value: 12.5%. No comparable prior figure is available in the source record., with gross margins stable at ~35% despite ad spend of 4%. Management guided for 14-16% revenue growth in Q4, driven by GST benefits and strong demand. Key risks include potential raw material inflation (peanuts) and slower-than-expected recovery in focus states. The company is investing ₹131 Cr in capacity and formed a JV for premium bakery (Bikaji Bakes), targeting ₹100 Cr revenue in 3 years. 30.5% ethnic snack growth, 8.4% volume growth, 12.5% EBITDA margin, 52%Current 52%. Reported change: Flat YoY. capacity utilization.