Bikaji Foods International Ltd. · NSE:BIKAJI
Bikaji Foods International — Q2 FY27 Earnings Presentation
34 slides from Bikaji Foods International's earnings presentation, Nov 5, 2026
Slide 1: 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: [email protected] | W: www.bikaji.com CIN: L15499RJ1995PLC010856 | GST No.: 08AAICS1030P1Z5 Date: November 05, 2026 Ref: BFIL/SEC/2026-27/71 To, Dept of Corpo
Slide 2: Q2 FY27 Earnings Presentation
Bikaji Foods International Limited Q2 FY27 EARNINGS PRESENTATION November 5th, 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 16 6 Key Quarterly Highlights / Commentary 29 7 Sensitivity in Key Material Categories 30 8 Consolidated Financial Performance 31
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: Q2FY27 Key Financial Highlights
Q2FY27 KEY FINANCIAL HIGHLIGHTS Healthy Revenue Growth with 13% 34.4% Gross Margin & Revenue from operations 12.6% EBITDA Margin INR 9,385 mn 5.0% underlying volume growth 34.4% 12.6% -7.4% -11.2% Gross Margin at EBITDA Margin at EBITDA Growth PAT (down 60 bps YoY) (down 280 bps YoY) INR 1,187 mn IN
Slide 6: H1FY27 Key Financial Highlights
H1FY27 KEY FINANCIAL HIGHLIGHTS Healthy Revenue Growth with 12.8% 35.0% Gross Margin & Revenue from operations 13.0% EBITDA Margin INR 16,728 mn 6.2% underlying volume growth 35.0% 13.0% -3.0% -6.0% Gross Margin at EBITDA Margin at EBITDA Growth PAT (Flat YoY) (down 210 bps YoY) INR 2,177 mn INR 1,2
Slide 7: Manufacturing Facilities
MANUFACTURING FACILITIES Category wise Installed Capacity Manufacturing facilities Installed Capacity as of 30th September 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
Slide 8: Pan India Distribution
PAN INDIA DISTRIBUTION Direct Coverage (No. of Outlets) 4,50,000 4,00,000 3,90,087 Delhi / NCR 3,50,000 3,70,893 3,44,000 3,53,638 Bikaner Ghaziabad 3,00,000 3,26,361 3,29,282 3,11,331 2,88,431 Varanasi 2,50,000 2,78,150 Ahmedabad 2,00,000 Raipur 1,50,000 Pune 1,00,000 Core 50,000 Focused - Others S
Slide 9: Marketing Initiatives
MARKETING INITIATIVES
Slide 10: Paytm Cashback Campaign: Driving OTG Adoption
Paytm Cashback Campaign: Driving Consumer Trials & Pack Offtake PAYTM CASHBACK CAMPAIGN Driving OTG Adoption 33 OTG SKUs Activated 1 Integrated cashback-to-loyalty scan funnel to incentivize consumer purchases. Retail Activation 2 POP/POSM kits (banners, posters, buntings and long pads) deployed to
Slide 11: Paytm Campaign – Driving On-Ground Activation
Paytm Campaign – Driving On – Ground Activation Driving Retail Engagement and Consumer Connect 10
Slide 12: New Campaign Featuring Mr. Amitabh Bachchan
Strengthening Brand Connect Through a New Campaign Featuring Mr. Amitabh Bachchan TVC’s aired with Mr. Bachchan, showcasing our flagship portfolio across family and on-the-go consumption occasions to build a scalable, multi-channel creative ecosystem. 11 13+ TVC’s Produced Products Featured 11
Slide 13: Mirzapur: The Movie – Driving Consumer Engagement
Mirzapur : The Movie – Driving Consumer Engagement & Sales Momentum 13M+ Views garnered across digital platforms • Leveraged the popularity of Mirzapur, to promote Bikaji’s Namkeen portfolio through a digital consumer contest, offering lucky winners an exclusive meet-and-greet with the star cast and
Slide 14: Pan-India KBC Integration – Festive Brand Visibility
KBC X Rishtey Pan-India KBC Integration – Amplifying Festive Brand Visibility at Scale First-of-its-kind festive integration through two strategic hamper associations, creating meaningful brand connect with consumers during the peak Diwali season while strengthening gifting awareness, brand visibili
Slide 15: Festive Campaign – Quick Comm/E-comm Platforms
Festive Campaign – Quick Comm/ E.comm platforms 14
Slide 16: Trade Exhibitions and Awards
TRADE EXHIBITIONS AND AWARDS “Kya Baat Hai Ji” campaign won the Gold for Best Regional Campaign at the ET DigiPlus Awards 2026
Slide 17: Business Performance
BUSINESS PERFORMANCE
Slide 18: Q2FY27 Core Business Performance
Q2FY27 CORE BUSINESS PERFORMANCE (INR Mn) Volume (in tonnes) Revenue from Operations Ethnic Snacks 5.0% 13.0% 19.7% 43,877 46,075 9,385 8,303 5,751 35,778 7,343 5,153 4,805 Q2FY26 Q1FY27 Q2FY27 Q2FY26 Q1FY27 Q2FY27 Q2FY26 Q1FY27 Q2FY27 Packaged Sweets Western Snacks Papad -11.3% 44.2% -6.3% 1,600 32
Slide 19: H1FY27 Core Business Performance
H1FY27 CORE BUSINESS PERFORMANCE (INR Mn) Volume (in tonnes) Revenue from Operations Ethnic Snacks 6.2% 12.8% 15.6% 77,090 81,853 14,830 16,728 10,904 9,429 H1FY26 H1FY27 H1FY26 H1FY27 H1FY26 H1FY27 Packaged Sweets Western Snacks Papad -8.1% 32.7% -6.4% 2,009 678 1,845 1,499 1,129 635 H1FY26 H1FY27
Slide 20: Q2FY27 Product Mix
Q2FY27 PRODUCT MIX (in %) Q2FY26 Q2FY27 10.2% 9.6% 4.0% 3.3% 7.0% 59.1% 8.9% 62.7% 19.7% 15.5% Ethnic Snacks Packaged Sweets Western Snacks Ethnic Snacks Packaged Sweets Western Snacks Papad Others & Retail Papad Others 19
Slide 21: H1FY27 Product Mix
H1FY27 PRODUCT MIX (in %) H1FY26 H1FY27 8.5% 9.8% 4.7% 3.0% 7.8% 9.2% 65.1% 66.7% 13.9% 11.3% Ethnic Snacks Packaged Sweets Western Snacks Ethnic Snacks Packaged Sweets Western Snacks Papad Others Papad Others 20
Slide 22: Q2FY27 Core & Focus Markets Performance
Q2FY27 CORE & FOCUS MARKETS PERFORMANCE (INR Mn) Core Focus 17.5% 7.6% 5,906 1,218 1,311 975 5,028 4,927 Q2FY26 Q1FY27 Q2FY27 Q2FY26 Q1FY27 Q2FY27 Others Exports -13.2% 9.6% 1,093 561 949 511 611 290 Q2FY26 Q1FY27 Q2FY27 Q2FY26 Q1FY27 Q2FY27 21
Slide 23: H1FY27 Core & Focus Markets Performance
H1FY27 CORE & FOCUS MARKETS PERFORMANCE (INR Mn) Core Focus 14.3% 12.2% 10,833 2,285 9,476 2,037 H1FY26 H1FY27 H1FY26 H1FY27 Others Exports -6.7% 5.3% 1,672 1,560 850 808 H1FY26 H1FY27 H1FY26 H1FY27 22
Slide 24: Q2FY27 Core & Focus Markets-wise Mix
Q2FY27 CORE & FOCUS MARKETS-WISE MIX Q2FY26 Q2FY27 6.5% 6.4% 13.9% 10.9% 64.0% 67.7% 15.0% 15.5% Core Focus Others Export Core Focus Others Export 23
Slide 25: H1FY27 Core & Focus Markets-wise Mix
H1FY27 CORE & FOCUS MARKETS-WISE MIX H1FY26 H1FY27 5.8% 5.5% 11.9% 10.0% 67.7% 14.7% 69.8% 14.6% Core Focus Others Export Core Focus Others Export 24
Slide 26: Q2FY27 SKU Mix - Market Leader in Family Pack
Q2FY27 SKU MIX- MARKET LEADER IN FAMILY PACK SEGMENT (INR Mn) Family Packs Impulse Packs 6.4% 21.2% 5,523 3,197 5,191 2,818 3,985 2,639 Q2FY26 Q1FY27 Q2FY27 Q2FY26 Q1FY27 Q2FY27 Q2FY26 Q2FY27 33.6% 36.6% 66.2% 63.3% Family packs Impulse packs Family packs Impulse packs 25
Slide 27: H1FY27 SKU Mix - Market Leader in Family Pack
H1FY27 SKU MIX- MARKET LEADER IN FAMILY PACK SEGMENT (INR Mn) Family Packs Impulse Packs 9.6% 15.9% 9,508 6,015 8,677 5,189 H1FY26 H1FY27 H1FY26 H1FY27 H1FY26 H1FY27 37.1% 38.7% 61.2% 62.0% Family packs Impulse packs Family packs Impulse packs 26
Slide 28: Q2FY27 Retail Business Performance
Q2FY27 RETAIL BUSINESS PERFORMANCE (INR Mn) Revenue from Operations Store Count 58.1% 61.9% 447 364 34 28 283 21 Q2FY26 Q1FY27 Q2FY27 Q2FY26 Q1FY27 Q2FY27 27
Slide 29: H1FY27 Retail Business Performance
H1FY27 RETAIL BUSINESS PERFORMANCE (INR Mn) Revenue from Operations Store Count 64.0% 61.9% 811 34 495 21 H1FY26 H1FY27 H1FY26 H1FY27 28
Slide 30: Key Quarterly Highlights/Commentary
KEY QUARTERLY HIGHLIGHTS/COMMENTARY Key Financial Performance (INR Mn) Particulars Q2 FY27 YoY (%) QoQ (%) Total Revenue from Operations 9,385 13.0% 27.8% EBITDA 1,187 -7.4% 19.9% PAT 690 -11.2% 15.9% Revenue from Operations grew by 13.0% YoY reflecting Quarterly Performance continued business mom
Slide 31: Sensitivity in Key Material Categories
SENSITIVITY IN KEY MATERIAL CATEGORIES Edible Oil Pulses and Flours 1.48 1.47 1.44 1.40 1.45 1.48 1.68 1.73 1.00 1.02 1.09 1.13 1.00 0.98 0.98 1.00 0.98 0.91 0.92 0.86 0.85 0.87 0.86 0.88 Laminates Corrugated Boxes 1.00 1.05 1.11 0.91 1.07 1.15 1.07 1.09 1.12 1.10 1.17 1.23 1.19 0.91 1.00 0.98 1.00
Slide 32: Consolidated Financial Performance | P&L
CONSOLIDATED FINANCIAL PERFORMANCE | P&L (INR Mn) Quarter ended Quarter ended Quarter ended H1FY27 H1FY26 Particulars 30th September, 2026 30th June, 2026 30th September, 2025 30th September, 2026 30th September, 2025 Revenue from Operations 9,385 7,343 8,303 16,728 14,830 Other Income 87 131 123 21
Slide 33: Consolidated Financial Performance | Balance Sheet
CONSOLIDATED FINANCIAL PERFORMANCE | BALANCE SHEET (INR Mn) Particulars 30-Sep-26 30-Jun-26 31-Mar-26 Property, plant and equipment (Tangible, Intangible, CWIP & RoU) 13,318 12,467 11,847 Cash and cash equivalent (Inclusive of FD & interest accrued) 4,465 4,458 4,490 Inventories 2,232 1,674 1,174 Tr
Slide 34: Bikaji Foods International Ltd.
Bikaji Foods International Ltd. Rishabh Jain | Email: [email protected] Prateek Sharma | Email: [email protected] 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
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