Bikaji Foods International Q3 FY25 results (Oct–Dec 2024) and concall

Bikaji delivered a resilient quarter with 14.5% revenue growth despite a challenging FMCG environment and significant input cost inflation in palm oil and potatoes. Management prioritized bottom-line protection by subduing western snack production and implementing price hikes. While reported volume growth appeared low at 3%, the adjusted revenue volume growth of 8% suggests healthy underlying demand and successful distribution expansion.