Bikaji Foods International Ltd. · NSE:BIKAJI
Bikaji Foods International — Q4 FY26 Earnings Presentation
32 slides from Bikaji Foods International's earnings presentation, May 21, 2026
Slide 1: Stock exchange filing cover letter
BIKAJI FOODS INTERNATIONAL LIMITED F 196-199, F 178 & E 188, Bichhwal Industrial Area, Bikaner, Rajasthan, India – 334006 T: +91-151-2250350 | E: cs@bikaji.com | W: www.bikaji.com CIN: L15499RJ1995PLC010856 | GST No.: 08AAICS1030P1Z5 Date: May 21, 2026 Ref: BFIL/SEC/2026-27/18 To, Dept of Corporate
Slide 2: Bikaji Foods International Limited Q4 FY26 Earnings Presentation
Bikaji Foods International Limited Q4 FY26 EARNINGS PRESENTATION May 21st , 2026
Slide 3: Table of Contents
TABLE OF CONTENTS 1 Financial Highlights 4 2 Manufacturing Facilities 6 3 Pan India Distribution 7 4 Marketing Initiatives 8 5 Business Performance 14 6 Key Quarterly Highlights / Commentary 26 7 Sensitivity in Key Material Categories 27 8 Consolidated Financial Performance 28
Slide 4: Disclaimer
DISCLAIMER This presentation may have certain statements that may be “forward looking” including those relating to general business plans and strategy of Bikaji Foods International Ltd., its outlook and growth prospects. The actual results may differ materially from these forward-looking statements
Slide 5: Q4FY26 Key Financial Highlights
Q4FY26 KEY FINANCIAL HIGHLIGHTS 18.0% Strong Quarter Performance with Revenue from operations 35.6% Gross Margin & INR 7,209 mn 12.2% EBITDA Margin 16.1% underlying volume growth 35.6% 12.2% 18.4% 7.8% Gross Margin EBITDA Margin EBITDA Growth PAT (up 240 bps YoY) (Flat YoY) INR 877 mn INR 560 mn Not
Slide 6: FY26 Key Financial Highlights
FY26 KEY FINANCIAL HIGHLIGHTS 14.4% Strong Yearly Performance with Revenue from operations 35.1% Gross Margin & INR 29,939 mn 13.7% EBITDA Margin 9.5% underlying volume growth 35.1% 13.7% 25.1% 8.5% Gross Margin EBITDA Margin EBITDA Growth PAT (up 290 bps YoY) (up 120 bps YoY) INR 4,106 mn INR 2,544
Slide 7: Manufacturing Facilities
MANUFACTURING FACILITIES Category wise Installed Capacity Manufacturing facilities Installed Capacity as of 31st March 2026 Easy access Located in core market - reduced to cow milk, logistic costs & Capacity dew bean build sales in Category (moth dal) & (in metric tones) moong dal western snacks Bhu
Slide 8: Pan India Distribution
PAN INDIA DISTRIBUTION Direct Coverage (No. of Outlets) 4,00,000 3,44,000 3,29,282 3,53,638 3,50,000 3,26,361 3,11,331 Delhi / NCR 2,88,431 3,00,000 2,78,150 Ghaziabad 2,72,040 2,51,270 2,50,000 Varanasi Ahmedabad 2,00,000 Raipur 1,50,000 Pune 1,00,000 50,000 Core Focused - Others Mar-24 Jun-24 Sep-
Slide 9: Marketing Initiatives
Ce : MARKETING INITIATIVES
Slide 10: FY2025-26 Marketing Highlights
FY2025-26 – MARKETING HIGHLIGHTS 1. Consumer Offer – The paytm offer led to a spike in sales figures but also helped Bikaji engage with our consumers 2. Bhujia ho toh Bikaji Campaign – First ever targeted campaign to create our brand’s dominance in the category, in our core states | Generic advertis
Slide 11: Paytm Campaign - OTG Packs
PAYTM CAMPAIGN - OTG PACKS www.bikaji.com 10
Slide 12: Bhujia Ho To Bikaji Campaign
BHUJIA HO TO BIKAJI CAMPAIGN www.bikaji.com 11
Slide 13: Kya Baat Hai Ji - UP Campaign
KYA BAAT HAI JI – UP CAMPAIGN First ever regional campaign with a new brand ambassador, driven by data and consumer insights and led by a credible set of business partners. Breaking into UP as a Household Habit Brand OUR OBJECTIVE : Position Bikaji not as just another namkeen option on the shelf, bu
Slide 14: Kya Baat Hai Ji - UP Campaign
KYA BAAT HAI JI – UP CAMPAIGN www.bikaji.com 13
Slide 15: Business Performance
BUSINESS PERFORMANCE
Slide 16: Q4FY26 Core Business Performance
Q4FY26 CORE BUSINESS PERFORMANCE (INR Mn) Volume (in tonnes) Revenue from Operations Ethnic Snacks 16.1% 18.0% 16.1% 38,387 35,824 7,900 30,861 7209 4,897 4,920 6,110 4,238 Q4FY25 Q3FY26 Q4FY26 Q4FY25 Q3FY26 Q4FY26 Q4FY25 Q3FY26 Q4FY26 Packaged Sweets Western Snacks Papad 14.4% 8.6% 11.6% 897 588 51
Slide 17: FY26 Core Business Performance
FY26 CORE BUSINESS PERFORMANCE (INR Mn) Volume (in tonnes) Revenue from Operations Ethnic Snacks 9.5% 14.4% 11.2% 29,939 1,50,373 19,246 1,37,267 26,168 17,313 FY25 FY26 FY25 FY26 FY25 FY26 Packaged Sweets Western Snacks Papad 8.9% 6.8% 10.9% 3,339 2,297 1,672 3,067 2,152 1,507 FY25 FY26 FY25 FY26 F
Slide 18: Q4FY26 Product Mix
Q4FY26 PRODUCT MIX (in %) Q4FY25 Q4FY26 2.2% 3.1% 8.1% 7.8% 9.4% 8.8% 73.7% 73.8% 6.6% 6.5% Ethnic Snacks Packaged Sweets Western Snacks Ethnic Snacks Packaged Sweets Western Snacks Papad Others Papad Others www.bikaji.com 17
Slide 19: FY26 Product Mix
FY26 PRODUCT MIX (in %) FY25 FY26 3.4% 4.9% 6.1% 6.0% 8.6% 8.2% 69.6% 12.3% 12.0% 68.9% Ethnic Snacks Packaged Sweets Western Snacks Ethnic Snacks Packaged Sweets Western Snacks Papad Others Papad Others www.bikaji.com 18
Slide 20: Q4FY26 Core & Focus Markets Performance
Q4FY26 CORE & FOCUS MARKETS PERFORMANCE (INR Mn) Core Focus 14.8% 15.0% 5,028 4,886 1,045 908 789 4,255 Q4FY25 Q3FY26 Q4FY26 Q4FY25 Q3FY26 Q4FY26 Other Exports 22.0% 27.6% 411 785 624 249 511 196 Q4FY25 Q3FY26 Q4FY26 Q4FY25 Q3FY26 Q4FY26 www.bikaji.com 19
Slide 21: FY26 Core & Focus Markets Performance
FY26 CORE & FOCUS MARKETS PERFORMANCE (INR Mn) Core Focus 9.2% 11.3% 19,389 17,753 3,990 3,586 FY25 FY26 FY25 FY26 Other Exports 19.3% 52.3% 1,468 3,081 963 2,582 FY25 FY26 FY25 FY26 www.bikaji.com 20
Slide 22: Q4FY26 Core & Focus Markets-wise Mix
Q4FY26 CORE & FOCUS MARKETS-WISE MIX Q4FY25 Q4FY26 3.4% 3.7% 8.9% 9.4% 13.7% 13.6% 74.0% 73.3% Core Focus Others Export Core Focus Others Export www.bikaji.com 21
Slide 23: FY26 Core & Focus Markets-wise Mix
FY26 CORE & FOCUS MARKETS-WISE MIX FY25 FY26 3.9% 5.3% 10.4% 11.0% 14.4% 71.3% 69.4% 14.3% Core Focus Other Export Core Focus Other Export www.bikaji.com 22
Slide 24: Q4FY26 SKU Mix - Market Leader in Family Pack Segment
Q4FY26 SKU MIX- MARKET LEADER IN FAMILY PACK SEGMENT (INR Mn) Family Packs Impulse Packs 20.3% 14.0% 2,688 2,659 4,380 4,001 3,326 2,332 Q4FY25 Q3FY26 Q4FY26 Q4FY25 Q3FY26 Q4FY26 Q4FY25 Q4FY26 40.6% 57.8% 39.9% 60.0% Family packs Impulse packs Family packs Impulse packs www.bikaji.com 23
Slide 25: FY26 SKU Mix - Market Leader in Family Pack Segment
FY26 SKU MIX- MARKET LEADER IN FAMILY PACK SEGMENT (INR Mn) Family Packs Impulse Packs 14.8% 8.5% 17,155 10,536 9,707 14,946 FY25 FY26 FY25 FY26 FY25 FY26 39.0% 37.7% 60.1% 61.4% Family packs Impulse packs Family packs Impulse packs www.bikaji.com 24
Slide 26: Retail Business Performance
RETAIL BUSINESS PERFORMANCE (INR Mn) Revenue from Operations Store Count 88.5% 100% 471 26 384 23 203 13 Q4FY25 Q3FY26 Q4FY26 Q4FY25 Q3FY26 Q4FY26 Revenue from Operations Store Count 130.9% 100% 1,349 26 584 13 FY25 FY26 FY25 FY26 www.bikaji.com 25
Slide 27: Key Quarterly Highlights/Commentary
KEY QUARTERLY HIGHLIGHTS/COMMENTARY (INR Mn) Key Financial Performance Particulars Q4 FY26 YoY (%) QoQ (%) Total Revenue from Operations 7,209 18.0% (8.8%) EBITDA 877 18.4% (10.8%) PAT 560 39.8% (9.9%) Delivered overall volume growth of 19.4% and value growth of 18.0% in Q4 YoY EBITDA grew by 18
Slide 28: Sensitivity in Key Material Categories
SENSITIVITY IN KEY MATERIAL CATEGORIES Edible Oil Pulses and Flours 1.00 0.93 0.90 0.92 0.98 1.02 1.34 1.33 1.30 1.27 1.31 1.34 1.00 0.98 1.01 0.99 0.99 1.01 0.99 0.92 0.87 0.86 0.88 0.87 Laminates Corrugated Boxes 1.00 0.93 0.99 0.95 1.03 0.96 0.97 1.00 0.82 0.89 0.81 0.81 1.00 1.00 0.99 0.96 0.97
Slide 29: Consolidated Financial Performance | P&L
CONSOLIDATED FINANCIAL PERFORMANCE | P&L (INR Mn) Quarter ended Quarter ended Quarter ended FY26 FY25 Particulars 31st March 2026 st 31 December 2025 31st March 2025 st 31 March 2026 st 31 March 2025 Revenue from Operations 7,209 7,900 6,110 29,939 26,168 Other Income 178 113 100 514 322 Total Reven
Slide 30: Consolidated Financial Performance | Balance Sheet
CONSOLIDATED FINANCIAL PERFORMANCE | BALANCE SHEET (INR Mn) Particulars 31st March 2026 31st March 2025 Property, plant and equipment (Tangible, Intangible, CWIP & RoU) 11,847 10,843 Cash and cash equivalent (Inclusive of FD & interest accrued) 4,490 3,237 Inventories 1,174 1,079 Trade receivables 1
Slide 31: Company Share Price Performance
COMPANY SHARE PRICE PERFORMANCE The stock generated a CAGR of 24% vs BSE Sensex which gave a CAGR of 14% over the last 2 year. Market Capitalization INR 16,100 crore (as of 31st Mar 2026) Market Capitalization INR 12,188 crore (as of 30th Sep 2023) Bikaji Foods BSE Sensex BSE FMCG www.bikaji.com 30
Slide 32: Bikaji Foods International Ltd.
Bikaji Foods International Ltd. Rishabh Jain Email: rishabh@bikaji.com Prateek Sharma Email: prateek.sharma@bikaji.com Registered Office: F 196 -199, F 178 & E 188 Bichhwal IND. Area, Bikaner RJ 334006 IN. Corporate Office: Plot No.E-558-561, C-569-572, E-573-577,f-585-592 Karni Extension, Riico Ind
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