BIKAJI FOODS
BIKAJI FOODS INTERNATIONAL LTD Equity Research Report April 15, 2025 Investment Summary Bikaji Foods International Ltd (NSE: BIKAJI) is one of India's leading manufacturers of ethnic snacks and sweets. Founded in 1986 and headquartered in Bikaner, Rajasthan, the company has established a strong brand presence in the organized Indian snacks market. This report analyzes Bikaji's financial performance, competitive positioning, growth strategy, and management profile to assess its investment potential over the next five years. Recommendation: ACCUMULATE Target Price (FY2030) : ₹1,150 Current Price : ₹648 Potential Upside : 77.5% (5-year horizon) Annual Expected Return : ~12.2% CAGR Bikaji Foods presents a compelling long-term investment opportunity in India's growing packaged food industry, supported by favorable demographic trends, increasing disposable incomes, and changing consumer preferences toward branded packaged snacks. Business Overview Bikaji Foods I...