This small cap company PAT skyrocket by 164 per cent just like the taste of their bhujia!

After the results shares of the company hit an all-time high today and over the past year it has given return of 48.68 per cent.

Bikaji Foods International Limited is one of India's largest fast-moving consumer goods (FMCG) brands. The company's product range includes six principal categories: bhujia, namkeen, packaged sweets, papad, western snacks, as well as other snacks, which primarily include gift packs, frozen food, mathri range, and cookies.

Yesterday after the market closure the company reported unaudited financial statements for the quarter ended on June 30, 2023 or Q1FY24. On a consolidated basis in comparison to the same quarter last year the company's net profit increased by 163.76 per cent to Rs 41.41 crore from Rs 15.7 crore. In Q1FY24, the company's total net revenue increased by 15.08 per cent from Rs 423.82 crore to Rs 487.72 crore in a similar quarter the year prior.

Sequentially, the company's net profit for the quarter which ended on June 30, 2023 increased by 8.15 per cent from Rs 38.29 crore. In Q1FY24, the company's total net revenue increased by 4.47 per cent from Rs 466.84 crore in the similar quarter the year prior. The product mix contributed: Ethnic Snacks by 74.7 per cent, Packaged Sweets by 7.2 per cent, Papad by 6.1 per cent, Western Snacks by 8.9 per cent, and others by 3 per cent.

In the last trading session the scrip closed at Rs 484.10. Today it opened at Rs 504.90 and closed at Rs 472.15, down by 2.47 per cent. Today it has hit an all-time high at Rs 508.75 and it has a 52-week low of Rs 303.05. The company has a market cap of around Rs 11,780 crore. Over the past one year it has given a return of 48.68 per cent.

Disclaimer: This article is for informational purpose only and not an investment advice.