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BPL belongs to fast moving consumer goods (FMCG) Industry under the Brand name “Bhujialalji”. Its turnover for financial year 2023 was Rs 18.08 crore.
The company has acquired Bhujialalji for better expansion of business and to further strengthen the position of the company.
Pursuant to this acquisition of 9,608 equity shares i.e 49% and 396 compulsorily convertible debentures (CCDs) will be acquired by the BFIL. The BPL has become an associate company of the Bikaji Foods International.
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 reported 51.6% increase in consolidated net profit to Rs 37.71 crore in Q4 FY23 from Rs 24.87 crore in Q4 FY22. Net sales improved by 15.6% YoY to Rs 461.69 crore during the quarter.
The scrip hit all time high at Rs 451 in intraday today.
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