Latest news with #BikajiFoods
Economic Times
12 hours ago
- Business
- Economic Times
Bikaji Foods forms joint venture with Nepal's Chaudhary Group
Listed snack foods maker Bikaji Foods International said Thursday that it has inked a strategic joint venture with Chaudhary Group (CG Foods Nepal), paving the way for its international expansion. The 50:50 joint venture between the two entities will involve manufacturing, trading and marketing Bikaji Foods' portfolio. Both companies will jointly invest capital in one or more tranches to build a state-of-the-art facility in Nepal, Bikaji Foods said in a statement. CG Group makes Wai Wai noodles and has interests in hospitality, infrastructure, education and financial Agarwal, managing director of Bikaji Foods, said in a statement: 'This partnership seeks to create value, empower communities, fortify supply chains and enhance Nepal's food ecosystem.'Varun Chaudhary, director of CG Foods Nepal added that the joint venture would 'create long-term value for Nepal from generating employment to strengthening supply chains.' In March this year, Haldiram Snacks Food too had onboarded new investors - Singapore's Temasek, Alpha Wave Global and International Holding Company (IHC) to further its global snack foods market is seeing double-digit surge in sales, with players such as Bikaji, Haldiram, ITC, Parle, Balaji Wafers, Crax and Yellow Diamond competing for a share in India's Rs 47,000-crore snacks to a report by research company IMARC Group, the Indian snacks market could expand to Rs 95,521.8 crore by 2032.
Time of India
6 days ago
- Business
- Time of India
Bikaji Foods Q1 profit up 1.3 pc to Rs 58.5 cr
Snacks manufacturer Bikaji Foods International Ltd has reported a 1.3 per cent increase in consolidated net profit to Rs 58.52 crore in the quarter ended in June 30, of this financial year. The company had posted a consolidated profit of Rs 57.77 crore in the April-June quarter a year ago, according to a regulatory filing from Bikaji Foods. Its revenue from operation was up 14.86 per cent to Rs 637.05 crore in the June quarter. It was at Rs 554.59 crore a year ago. Total expenses of Bikaji Foods in the June quarter were up 16.7 per cent to Rs 584.09 crore. Bikaji Foods' total income, which includes other income, was at Rs 662.66 crore, up 14.52 per cent. During the quarter, Bikaji Foods had a volume growth (in tonnes) of 7.5 per cent. Its revenue from Ethnic Snacks segment was up 11.2 per cent and from the Packaged Sweets business (up 3.1 per cent). Its Ethnic Snacks contributed 75.3 per cent of the business. Bikaji Foods International is India's third largest ethnic snacks manufacturer. PTI
Yahoo
6 days ago
- Business
- Yahoo
Bikaji Foods forms joint venture with Chaudhary Group for Nepal expansion
India's Bikaji Foods International (BFIL) has entered a snacks joint venture in Nepal with local conglomerate Chaudhary Group (CG). "The joint venture marks Bikaji's commitment to strengthening its brand presence in the Nepalese food market and a significant milestone in its international growth strategy," the company said in a stock exchange filing today (24 July). BFIL added the partnership will focus on the manufacturing, trading and marketing of its snacks and sweets products in Nepal, including bhujia, namkeen and papads. The joint venture will be equally owned by BFIL and CG Foods in a partnership that 'unites Bikaji's legacy in ethnic snacks' with Chaudhary Group's 'extensive market expertise to elevate Nepal's overall FMCG landscape". Both parties will build a manufacturing facility in Nepal to ensure consumers get to 'experience premium and authentic ethnic snacks and sweets with minimal turnaround time'. Nepal's FMCG sector is now worth over a billion dollars and is seeing double-digit growth of around 20% annually, BFIL said, citing the Investment Board Nepal. Deepak Agarwal, the managing director of BFIL, said: 'This joint venture marks a pivotal milestone in Bikaji's global growth journey and promotes our strong conviction in Nepal's potential as a key strategic market. 'With CG Group's strong market leadership and deep local insights, we are confident in our ability to deliver high quality, affordable products that resonate with the consumers in Nepal.' Agarwal added: 'Beyond commerce, this partnership seeks to create enduring value - empowering communities, fortifying supply chains and enhancing Nepal's food ecosystem.' Varun Chaudhary, a director of CG Foods, said: 'This collaboration reaffirms our commitment to bringing world-class food innovation to Nepal, while expanding and strengthening our local capabilities. 'Our joint venture with Bikaji is not just about product excellence - it's about creating long-term value for Nepal, from generating employment to strengthening supply chains, this partnership has the potential to accelerate Nepal's food sector and set new benchmarks in quality and accessibility." BFIL has also been active in deal-making closer to home. The company took a majority stake last year in Hazelnut Factory Food Products, a local café and artisanal sweets business. It also took a 55% share of Indian peer Ariba Foods, which produces mixed vegetables, vegetarian and non-vegetarian burgers, paratha and roti breads. And in 2023, BFIL purchased a 49% stake in Indian snacks maker and start-up Bhujialalji. "Bikaji Foods forms joint venture with Chaudhary Group for Nepal expansion" was originally created and published by Just Food, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Business Standard
7 days ago
- Business
- Business Standard
Bikaji Foods Q1FY26 results: Profit rises 1.3% to ₹58.5 cr, revenue up 14%
Bikaji Foods' total income, which includes other income, was at Rs 662.66 crore, up 14.52 per cent Press Trust of India New Delhi Snacks manufacturer Bikaji Foods International Ltd has reported a 1.3 per cent increase in consolidated net profit to Rs 58.52 crore in the quarter ended in June 30, of this financial year. The company had posted a consolidated profit of Rs 57.77 crore in the April-June quarter a year ago, according to a regulatory filing from Bikaji Foods. Its revenue from operation was up 14.86 per cent to Rs 637.05 crore in the June quarter. It was at Rs 554.59 crore a year ago. Total expenses of Bikaji Foods in the June quarter were up 16.7 per cent to Rs 584.09 crore. Bikaji Foods' total income, which includes other income, was at Rs 662.66 crore, up 14.52 per cent. During the quarter, Bikaji Foods had a volume growth (in tonnes) of 7.5 per cent. Its revenue from Ethnic Snacks segment was up 11.2 per cent and from the Packaged Sweets business (up 3.1 per cent). Its Ethnic Snacks contributed 75.3 per cent of the business. Bikaji Foods International is India's third largest ethnic snacks manufacturer. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
News18
7 days ago
- Business
- News18
Bikaji Foods Q1 profit up 1.3 pc to Rs 58.5 cr
Agency: PTI New Delhi, Jul 24 (PTI) Snacks manufacturer Bikaji Foods International Ltd has reported a 1.3 per cent increase in consolidated net profit to Rs 58.52 crore in the quarter ended in June 30, of this financial year. The company had posted a consolidated profit of Rs 57.77 crore in the April-June quarter a year ago, according to a regulatory filing from Bikaji Foods. Its revenue from operation was up 14.86 per cent to Rs 637.05 crore in the June quarter. It was at Rs 554.59 crore a year ago. Total expenses of Bikaji Foods in the June quarter were up 16.7 per cent to Rs 584.09 crore. Bikaji Foods' total income, which includes other income, was at Rs 662.66 crore, up 14.52 per cent. During the quarter, Bikaji Foods had a volume growth (in tonnes) of 7.5 per cent. Its revenue from Ethnic Snacks segment was up 11.2 per cent and from the Packaged Sweets business (up 3.1 per cent). Its Ethnic Snacks contributed 75.3 per cent of the business. Bikaji Foods International is India's third largest ethnic snacks manufacturer. PTI KRH DRR Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
