Net sales improved by 15.6% YoY to Rs 461.69 crore during the quarter.

Total expenditure rose by 11.3% to Rs 400.43 crore in Q4 FY23 over Q4 FY22, due to higher raw material costs (up 7.7% YoY) and higher other expenses (up 34.1% YoY).

Profit before tax in Q4 FY23 stood at Rs 51.41 crore, up by 53.6% from Rs 33.46 crore in Q4 FY22.

The company's consolidated net profit rose by 64.9% YoY to Rs 128.54 crore on a 22.1% rise in net sales to Rs 1,963.43 crore in FY23 as compared with FY22.

Bikaji Foods International is the third largest ethnic snacks company in India with an international footprint, selling Indian snacks and sweets, and is among the fastest growing companies in the Indian organised snacks market. The company is one of the pioneers in the Indian packaged snacks industry, which has given a twist to classic Indian snacks with a contemporary taste along with maintaining the regional flavours to address the evolving consumer preferences in India and internationally.