Bikaji Foods Q1 Results Review - Margin Performance Ahead Of Estimate: Dolat Capital

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Dolat Capital Report.Bikaji Foods International Ltd.’s Q1 FY25 revenue and adjusted profit after tax were in line, while Ebitda was ahead of our estimate. Revenue grew by 18.7% YoY to Rs 5.7 billion with 16.2% volume growth. Near-term revenue growth will be led by volume improvement, in our view.Bikaji Foods posted double-digit growth across segments with packaged sweets/ ethnic/ western snacks/ papad grew by 12.3/ 16.0/26.0/14.0% respectively. Further, high margin packaged sweets is expected to increase contribution from 13% to 18% over next three years.We increase our FY25/26E EPS estimates by 4.0/2.8% to Rs 11.3/13.4 to factor in the adjustment of benefits related to production linked incentive and anticipated increase in volume and price growth, going ahead. We believe high revenue growth will lead to margin improvement from here on. However, considering the recent run-up in the stock price, we downward revise our rating to ‘Accumulate’ from Buy with target price revised to Rs 775 (earlier Rs 675) and valued at 58 times FY26E..Click on the attachment to read the full report:.Canara Bank Q1 Results Review - Margins Moderate; Earnings Steady: Dolat Capital.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Bikaji Foods Q1 Results Review - Margin Performance Ahead Of Estimate: Dolat Capital

We believe high revenue growth will lead to margin improvement from here on, says the brokerage.

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Bikaji Foods Q1 Results Review - Margin Performance Ahead Of Estimate: Dolat Capital

We believe high revenue growth will lead to margin improvement from here on, says the brokerage.

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