Bikaji Foods Reports 15.2% YoY Revenue Growth in Q2 FY26; Gross Margin at 35.0%, EBITDA Margin at 15.4%

Bikaji Foods International Limited, India's third largest ethnic snacks manufacturer and the second fastest growing company in the Indian organized snacks market, announced its Financial Results for the Second quarter ended on September 30, 2025. The company reported a 15.2% YoY increase in revenue to Rs. 8,303 mn, driven by a 10.8% YoY volume growth. The gross margin stood at 35.0% and the EBITDA margin was at 15.4%. The Packaged Sweets segment showed a significant growth of 32.3%. The company also reported a 77.3% growth in the Exports business. However, there was a temporary headwind in September due to distributor de-stocking ahead of the GST transition, leading to a short-term impact in the core states. Post-transition, demand has normalized and the company is optimistic about the future.