Indian Food packaging Industry – In today’s rapidly developing world, people are looking for efficient and time saving options in their daily lives. The trend is more noticeable in terms of food and nutrition. At present, consumers need better quality products so they can enjoy it fully. The shift in consumer taste has led to Indian packaged food industry which has observed growth in demand of products like biscuits, bhujia, wholesome snacks, sauces, ready to eat meals, and more. The consumers wants to spend on good quality food products, the packaged food segment is filled with lot of opportunities.
Identifying the dynamics of this industry, manufacturers in this division are working on to improve current food products by understanding the requirements of local markets and providing products that fulfill requirement of local choices. The market size of packaged food industry in India has valuation of Rs 28,027.5 billion in FY-24. It is forecasted to increase with CAGR of 8.8% during the period of FY-5 to FY-33. The Indian food packaging industry has seen growth and market size is forecasted to reach from USD 33.7 billion in FY-24 to USD 46.2 billion by FY-28 at a CAGR of 14.8%.
Indian snacks market – The snacks industry includes chips, biscuits, cakes, popcorn, nut mixes and more. Moreover, local vendors and street stalls are top players in this industry. The share of unorganised sector is 40%. The snacks market is divided in two parts ethnics snacks and western snacks. The consumer choices are improving which has developed opportunity for regional snacks brand to challenge the leadership of well known western players in market. The consumers are moving towards ethincs snacks shows rising demand for traditional flavours among consumers. The snacks industry is rapidly growing sector in India with market size of Rs 426 billion in FY-24. It isprojected to reach valuation of Rs 955 billion in FY-32 with a CAGR of 9.08%.
Ethnic namkeen and Snacks, Ethnic Bhujia and Western snacks – In FY-22, the market size was valued at Rs 108 billion and is projected to touch Rs 195 billion in FY-26. The market includes variety of products including traditional snacks such as namkeen and bhujia to modern snacks like chips. The demand of health snacks is also increasing. The development in this sector is due to rising of retail outlets in tier 1 and Tier 2 cities. Moreover, increase in per capita income in these cities has resulted in retail chains to open stores in these cities and the supermarkets have many varieties of snacks which led to increase in sales.
Sweets market – Sweets are important part of traditions in India. The highlighting best quality and following guidelines in the production of sweets is creating way for sweets market that fulfills the requirements of modern consumer preferences. Moreover, focus on implementing strict guidelines for food labelling and managing product safety through entire production process is encouuraging growth of organized industry. moreover, top players in this segment provide different varieties such as organic sweets, traditional mithai, lactose free sweets, and vegan sweets among others to fulfill customer needs. Improvement in packing such as nanofabrication, biodegradable, flexible packaging has made huge contribution for rise in this sector. The market size of packaged sweets has reached a valuation of Rs 6,229 crores in FY-24 and is presently increasing at a CAGR of 16.67%.
Papad market – Papad is regularly eaten food in India which is eaten by all groups of populations and all income levels. The demand of papad is consistently growing in Indian homes, institutions, and restaurants. The sectors is lead by top players such as small manufacturers with increasing use of machinery along with traditional methods. many manufacturers are looking for new taste and recipe to fulfill consumer choices whereas others focused on traditions. In this article, we will learn interesting information about Bikaji Foods International Ltd share price target, promoter, revenue, net profit, market cap, ROCE, ROE, shareholding pattern.
Bikaji Foods International Ltd – key Points
Name of the promoter
Mr. Shiv Ratan Agarwal
Industry
Snacks and sweets
Established
1980
Headquarters
Super stockists
105
Direct and Indirect distributors
2,435
State-of-the-art manufacturing facilities
8
Depots
9
Bikaji Foods International Ltd – Statistics
Market cap
Rs 16,361 crores
ROCE
29.6%
ROE
24.7%
snacking choices spanning 6 key categories
300+
Total international catalogue
232
Total domestic catalogue
245
Total reach
10.5 lakh outlets
Exports
33 countries
About Bikaji Foods International Ltd
Bikaji Foods International Ltd has setup itself as top player in India achieving expertise in ethnic snacks. The company is well-known third largest ethnic snacking company in India. The celebration of Bikaji is done at world level due to its famous Bikaneri Bhujia which has attained top position as of being largest producer of traditional snack global level. The company has deep experience and knowledge of over 30 years. the company is consistently improving its food products and bringing someting new by setting benchmark in ethnic snacks market by providing variety of authentic flavours that consumers are filled with joy at world level. The company has made strong commitment to quality and genuine has gave them loyal customers and strong image for providing best taste and satisfaction.
Moreover, the company was getting frozen category products from market for selling purpose and the company has began manufacturing of frozen food segment. Through out the years, the company has developed strong footprint in India. Moreover, the company has developed strong footprint at international level by exporting its products in 33 countries. The company exports its products in North America, Middle East, Africa, UK, and Asia Pacific. The company manages 9 manufacturing units out which 6 are located in Rajasthan and 3 in Assam, Maharashtra, and Karnataka.
The company has wide variety of products that goes beyond Bhujia, including unique varieties:
Packages sweets and Indian deserts
Frozen food and gift packs
Western snacks like chips and cookies
Savoury snacks like papad and namkeen.
The company broad variety of products such as namkeen, cookies, chips, sweets, western snacks which has created huge growth in Indian snacks segment. The company’s popular selling product is Bikaneri Bhujia and other snacks such as namkeen and sweets.
Strong brand positioning
Best quality and at affordable rates
Different range of products
Focus on taste and tradition
Huge distribution channel
Genuine export channels
Genuine marketing and brand image
Bikaji is pioneer in ethnic Indian snacks, has vast experience of 30 years. The deep knowledge has encouraged company to produce wide range of snacks for Indians at global level. The strong engagement with brand has played important role for success of the company. By building automatic manufacturing unit to increase in product baskets, the company has offered best quality, perfection and innovation that provides joy to customers. The purpose of company is to integrate amazing Indian recipes that has made products unique without compromising taste and quality. In 1980’s, Mr. Shiv Ratan Agarwal onboarded on his way to set up Bikaji Bhujia. The modern technology and large-scale manufacturing unit for production of bhujia were thoughtless. The founder took the challenge by reaching consumers with amazing Indian tastes that were filled with amazing flavours.
The company successfully launched IPO in 2022, the company stepped on new phase of its journey with a strong commitment to attain operational excellence and systematic development. The company has made huge efforts to scale its manufacturing units and increase consumer distribution channel globally. The company has strong belief on innovation and assured compliance with legal guidelines. The job role of knowledgeable and experience Board of Directors, passionate employees and loyal stakeholders have been instrumental in smoothly transforming from a Promoter based to professional company, ready to comply with legal guidelines along with increase value for all stakeholders.
The company gives importance to genuine management team, the company has smoothly managed operations across all organizational needs. As company goes ahead the company concentrates to improve its product giving preference top customer and making sure increasing returns on investment for our shareholders. The company has made strong commitment to new benchmarks with technology adopting and consistent growth. The strong marketing tactics has build brand visibility while increasing reach to new markets. The company has achieved top position in food segment at world level. To fulfill this goal, the company has set up new production lines and modern manufacturing units in Rajasthan, Bihar, Chhattisgarh.
The company has became top player in Indian snack segment by taking benefit of rich brand and strong commitment to innovation. The company has increased its manufacturing plant which has supported us to diversify various products and provide best quality products as per consumer needs. The factory is located strategically installed with modern technology and automation, assure effective production, smooth delivery and consistently provide good quality products encouraging us to efficently fulfill broad customers by managing cost-effectiveness.
The company has commenced operations of new frozen food manufacturing plant in Bikaner in November 2023. This modern manufacturing unit is used for fast growth of business and will provide to achieve goals for short and long term. The increase in production capacity connected with huge market recommends best growth in the market. Approval of products and clearances are important for growth of the business. In long run, systematic investment will build strong portfolio, increase consumer network and bring sustainable development.
Revenue and net profit
Particulars
FY-24 ( In crores ) Rs
Sales
2,295
Expenses
1,900
EBITDA
395
Other income
26
Interest
9
Depreciation
56
Profit before tax
356
– Tax (%)
(24%)
Net profit
270
EPS in Rs.
10.77
Balance sheet
Liabilities
Rs
Assets
Rs
Equity Capital
25
Fixed assets
753
Reserves
1200
CWIP
12
Borrowings
139
Investments
60
Other liabilities
138
Other assets
677
Total liabilities
1503
Total assets
1503
Shareholding Pattern (Dec. 2024)
Promoters
74.98%
FIIs
7.70%
DIIs
11.96%
Public
5.38%
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Bikaji Foods International Ltd Share Price Target – 2025 to 2040
Year
Minimum price (Rs)
Average price (Rs)
Maximum price (Rs)
2025
650
697
743
2026
748
799
849
2027
852
917
982
2028
988
1045
1102
2029
1107
1183
1258
2030
1262
1344
1425
2035
2524
2679
2834
2040
5048
5147
5246
Bikaji Foods International Ltd Share Price Target – 2025
If market observes bearish sentiments, the minimum projected price is anticipated to hit Rs 650. The average trading price is projected to hit Rs 697 at the mid of the year. If market observes bullish signals, the maximum forecasted price is anticipated to hit Rs 743. The company has understood the importance of strong distribution channel in attaining its goal, the company has increased its direct coverage since the launch of IPO, the share price is almost doubled. The growth in business connected with rise in production capacity has impacted product offerings in main states. Moreover, it has resulted in addition of Western snacks in product portfolio.
Bikaji Foods International Ltd Share Price Target – 2026
If market faces downward trends, the minimum projected price is expected to reach Rs 748. The average trading price is forecasted to hit Rs 799 at the mid of the year. If market observes bullish sentiments, the maximum projected price is anticipated to reach Rs 849. The company has made efforts with team members and increased distribution figures in India. The C&F warehouse is an evidence as valuable asset for company. The company has decreased transportation time and encouraged delivery of smaller shipments. As business of company expands, there will be increment in more depots for fulfilling requirements.
Bikaji Foods International Ltd Share Price Target – 2027
If market faces bearish sentiments, the minimum projected price is anticipated to hit Rs 852. The average trading price is projected to hit Rs 917 at the mid of the year. If market observes bullish sentiments, the maximum projected price is expected to touch Rs 987. The supply chain is important part of company’s business which helps to scale its business. The company has 2.5 lakh retail outlets and is further planning to increase to 3.5 lakh by FY-25 to setup strong presence, the company has established subsidiary in USA. Furthermore, the company has aim to maintain sustainable growth and implement diversification strategies and commence new production of frozen food segment in Bikaner.
Bikaji Foods International Ltd Share Price Target – 2028
If market faces bearish sentiments, the minimum projected price is expected to hit Rs 988. The average trading price is projected to hit Rs 1045 at the mid of the year. If market observes bullish sentiments, the maximum projected price is estimated to hit Rs 1102. The company has opened C&FAs warehouses. This will support by supplying goods on time. The company has setup automation of sales which will improve its operations. The company is looking to grab opportunities in ethnics snacks division and with a purpose to compete with small players in unorganised sector and capture market share.
Bikaji Foods International Ltd Share Price Target – 2029
If market faces bearish sentiments, the minimum projected price is anticipated to reach Rs 1107. The average trading price is projected to hit Rs 1183 at the mid of the year. If market observes bullish sentiments, the maximum projected price is estimated to reach Rs 1258. The secret of achieving success for Bikaji is to consistently focus on assuring best quality product. The company gives preference to best quality and safety of product to maintain trust of valuable customers. The company follows strict guidelines to provide best quality products. The company has build strong image in household and consistent focus on using Indian authentic recipes.
Bikaji Foods International Ltd Share Price Target – 2030
If market faces bearish sentiments, the minimum projected price is estimated to hit Rs1262. The average trading price is projected to hit Rs 1344 at the mid of the year. If market observes bullish sentiments, the maximum projected price is estimated to hit Rs 1425. The company has vision to tap in evolving markets and look for new opportunities, the company has diversified product portfolio to include wide range of packaged sweets, western snacks, papad, Namkeen products, Bhujia. The company has setup automatic manufacturing unit with modern technology. The employees are trained to fulfill consumer requirements.
Bikaji Foods International Ltd Share Price Target – 2035
If market observes downward trends, the minimum projected price is estimated to touch Rs 2524. The average trading price is projected to hit Rs 2679 at the mid of the year. If market observes bullish sentiments, the maximum predicted price is estimated to hit Rs 2834. To increase marketing further, the company has renewed Brand Ambassador Agreement with Mr. Amitabh Bachchan till October 2025. The company launched marketing campaign for products to advertise for domestic market. In main markets, these huge efforts has led to build strong position.
Bikaji Foods International Ltd Share Price Target – 2040
If market faces bearish sentiments, the minimum projected price is estimated to reach Rs 5048. The average trading price is projected to hit Rs 5147 at the mid of the year. If market observes bullish sentiments, the maximum projected price is expected to hit Rs5246. The company launched new marketing campaign by focusing on Bikaji’s visibility and developing strong brand image. The campaign was circulated on different platforms such as outdoor advertising, tv, print ads, social media to reach broad customers. The company understood the importance of online presence by regularly updating Bikaji’s website.
FAQs
Q1) Who is the owner of Bikaji Foods International Ltd?
Ans – The owner of Bikaji Foods International Ltd is Mr. Shiv Ratan Agarwal.
Q2) Who are the competitors of Bikaji Foods International Ltd?
Ans – The competitors of Bikaji Foods International Ltd are: Varun Beverages, Gopal snacks, Balaji Wafers, Hatsun Agro, LT Foods.
Q3) What is the IPO rate Bikaji Foods International Ltd?
Ans – The IPO of Bikaji Foods is Rs 300 listed on 16th November, 2022.
Q4) Who is the brand ambassador of Bikaji Foods International Ltd?
Ans – The brand ambassador of Bikaji Foods International Ltd is Mr. Amitabh Bachchan.
Q5) What is the turnover of Bikaji Foods International Ltd?
Ans – The turnover of Bikaji Foods International Ltd in FY-2006 was Rs 61 crores which has increased to Rs 2,295 crores in FY-24.
Q6) Who is the CEO of Bikaji Foods International Ltd?
Ans – The CEO of Bikaji Foods International Ltd is Mr. Deepak Agarwal.
Q7) What does Bikaji Foods International Ltd do?
Ans – The company is premarily involved in manufacturing, and sale of snacks food. The company was the largest manufacturer of Bikaneri Bhujia with annual production capacity of 29,380 tonnes and second largest manufacturer of handmade papad with capacity of 9000 tonnes in FY-22.
Q8) Is Bikaji Foods International Ltd a good share to buy?
Ans – Yes,Bikaji Foods International Ltd is a good share to buy for long-term purpose of atleast 10 years. The net profit of company in FY-16 was Rs 1 crore which has increased to Rs 270 crores in FY-25. The share price of company in FY-22 was Rs 320 which has increased to 104.74% in FY-25 and reached Rs 650 in period of almost 3 years.
