Bikaji's Q4 revenue jumps 18% on 16% volume surge; doubles own stores, eyes margin defence
Bikaji Foods clocked Q4 revenue of ₹720.9 cr (+18%) and FY26 sales of ₹2,993.9 cr (+14.4%) on a 16.1% volume lift, with gross margin expanding 290 bps to 35.1%. Own retail stores doubled to 26, retail revenue jumped 131% to ₹134.9 cr, exports rose 52% to ₹146.8 cr. Edible oil inflation and a one-off GST benefit cloud FY27 margin outlook.
What happened
Bikaji Foods International · Bikaji posted 18% Q4 revenue growth on 16% volume surge and 290bps gross margin expansion, but flags one-off GST benefit and edible
Key facts
- Q4 revenue ₹720.9 cr (+18%)
- FY26 revenue ₹2,993.9 cr (+14.4%)
- volume growth 16.1%
- gross margin 35.1% (+290 bps)
- price hike ~3%
- retail stores 13 to 26
- retail revenue ₹134.9 cr (+130.9%)
- exports ₹146.8 cr (+52.3%)
- direct outlets 3,53,638
- total reach 14 lakh outlets
- capacity 3,25,320 MT
- market cap ₹16,100 cr
Why this matters
Bikaji's 52% export surge and accelerating own-retail footprint make it a strategic comp for ethnic snacks M&A and a potential consolidator in regional namkeen brands.