Bikaji Foods International Ltd: Our investors booked 50% y-o-y return in 16 months

In Nov. 2022, Bikaji Foods went public through an IPO, with a listing price of Rs.323. We gave mandate to buy share at Rs. 280 on March 2022 and asked to hold. Currently it is trading at Rs. 482.4, which counts as absolute y-o-y return of 50%.

Financial Highlights for Q1 FY 24:

· Revenue for the Q1 FY24 was Rs. 4821 cr., up 15.0% YoY & 4.3% QoQ.

· The Operating profit for the Q1 FY24 Rs. 524 cr., up by 166.0% YoY & 5.9% QoQ.

· Q1 FY24 Net profit was at Rs. 414 cr., up by 163.8% YoY & 8.2% QoQ.