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BIKAJI Bikaji Foods International Limited Q1 FY27 EARNING PRESENTATION August 5th , 2026 BIKAJI Bikaneri Bhujia बीकानेरी भुजिया BIKAJI Coated Peanuts Nut Cracker BIKAJI Sub - Kuch Navratan Mix BIKAJI Moong Dal मूँग दाल BIKAJI Bikaneri Bhujia बीकानेरी भुजिया नवरतन मिक्स YOP BIKAJI Soya Sticks BIKAJI S BIKAJI Tana - Bana All - in - One vie from Khatta Kuch - Kuch Meetha कुछ - कुछ BIKAJI Aloo Bhujia Product of India लू भुजिया Made in BIKANER Bikaneri famous savory spiced , dew bean br gram flour noodle snack Cereal based namkeen Image shown for illustrative purpose only NAMKEEN
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4Financial Highlights1 5Manufacturing Facilities2 6Pan India Distribution3 7Marketing Initiatives4 11Business Performance5 18Key Quarterly Highlights / Commentary6 19Sensitivity in Key Material Categories7 20Consolidated Financial Performance8TABLE OF CONTENTS
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www.bikaji.com DISCLAIMER 3 This presentation may have certain statements that may be “forward looking” including those relating to general business plans and strategy of BikajiFoods International Ltd., its outlook and growth prospects. The actual results may differ materially from these forward-looking statements due to severalrisks and uncertainties which could include future changes or developments in Bikaji Foods International Ltd., the competitive environment, thecompany’s ability to implement its strategies and initiatives, respond to technological changes as well as sociopolitical, economic and regulatory conditionsin India.All financial data in this presentation is obtained from the unaudited/audited financial statements and the various ratios are calculated based on thesedata. This presentation does not constitute a prospectus, offering circular or offering memorandum or an offer, invitation or a solicitation of any offer, topurchase or sell, any shares of Bikaji Foods International Ltd. and should not be considered or construed in any manner whatsoever as a recommendationthat any person should subscribe for or purchase any of Bikaji Foods International Ltd. shares. None of the projection, expectations, estimates or prospectsin this presentation should be construed as a forecast implying any indicative assurance or guarantee of future performance, nor that the assumptions onwhich such future projects, expectations, estimates or prospects have been prepared are complete or comprehensive .This presentation is for information purposes only. This document and its contents should not be forwarded or delivered or transmitted in any manner toany person other than its intended recipients and should not be reproduced in any manner whatsoever. The recipients further represents and warrantsthat : (i) It is lawfully able to receive this presentation under the laws of the jurisdiction in which it is located, and / or any other applicable laws, (ii) It isnot a U.S. person, (iii) This presentation is furnished to it, and has been received, outside of the United States, and (iv) It will not reproduce, publish,disclose, redistribute or transmit this presentation, directly or indirectly, into the United States or to any U.S. person either within or outside of recipient’sorganization.
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www.bikaji.com Q1FY27 KEY FINANCIAL HIGHLIGHTS 4 Strong Quarter Performance with35.7% Gross Margin & 13.5% EBITDA MarginNote: # Growth is calculated on a year-on-year basis Revenue from operationsINR 7,343 mn12.5%7.7% underlying volume growthGross Margin (up 70 bps YoY)35.7%EBITDA Margin (down 130 bps YoY)13.5%EBITDA GrowthINR 990 mn2.8%1.6% PAT GrowthINR 595 mn
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www.bikaji.com MANUFACTURING FACILITIES 5 Installed Capacity as of 30thJune 2026Capacity(in metric tones)Category57,600Bhujia141,540Namkeen62,280Packaged Sweets39,300Western Snacks11,400Papad13,200Others325,320Total Category wise Installed CapacityManufacturing facilitiesTumkurKolkataMuzaffarpurKanpurBikanerPatnaGuwahatiCater to the southern marketsLocated in core market - reduced logistic costs & build sales in western snacksEasy access to cow milk, dew bean (moth dal) & moong dalHelps in serving eastern market Strategically located manufacturing facilitiesRaipur
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www.bikaji.com PAN INDIA DISTRIBUTION 6Continued focus on direct distribution modelDelhi / NCRGhaziabadRaipurAhmedabadPuneVaranasiFocus on increasing direct reach2,72,040 2,78,150 2,88,431 3,11,331 3,26,361 3,29,282 3,34,068 3,53,638 3,70,893 - 50,000 1,00,000 1,50,000 2,00,000 2,50,000 3,00,000 3,50,000 4,00,000Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26Direct Coverage (No. of Outlets)CoreFocusedOthersC&F/CFA of the CompanyOverall total reach as on 30thJune 2026 – 14.46 Lacs outlets
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MARKETING INITIATIVES
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www.bikaji.com Marketing CampaignsCAMPAIGN CREATIVE — FEAT. PANKAJ TRIPATHI New Brand Campaign with Mr. Bachchan TVC’s were shot with Mr. Bachchan, showcasing our flagship portfolio across family and on-the-go consumption occasions to build a scalable, multi-channel creative ecosystem.CINEMA — SUSTAINED HIGH IMPACT VISIBILITY110+Premium Screens13Key Cities4+Screenings / Day58L+Moviegoers Reached4.5Month CampaignFeatured alongside blockbuster releases — Dhurandhar, Border 2, The Kerala Story 2, Mardaani and other high-footfall titles — delivering premium, high-attention brand exposure across a 4.5-month window.
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www.bikaji.com New Launches POP / POSM(point-of-purchase & point-of-sale materials) distributed to the sales team.E-COMMERCE GROWTH Launched 10+ products on e-commerce platforms like Blinkit, Zepto, Instamart etc.MarketSuccessfully launched a range of 5 western snacks.
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www.bikaji.com Exhibitions FHA Singapore Fancy Foods USA Sweets & Snacks, USA
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BUSINESS PERFORMANCE
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www.bikaji.com 408 434 426 Q1FY26 Q4FY26 Q1FY27 Q1FY27 CORE BUSINESS PERFORMANCE 12 Revenue from OperationsPackaged SweetsEthnic Snacks Western Snacks PapadVolume (in tonnes) Note: *Revenue from operations includes sale of raw material, packing materials, PLI Income and service income also which are not included in category wise breakup (INR Mn) 4,625 4,920 5,153 Q1FY26 Q4FY26 Q1FY27 6,527 7,209 7,343 Q1FY26 Q4FY26 Q1FY27 354 519 331 Q1FY26 Q4FY26 Q1FY27 564 588 684 Q1FY26 Q4FY26 Q1FY27 33,213 36,505 35,778 Q1FY26 Q4FY26 Q1FY277.7%12.5%11.4%4.4%21.3%-6.5%
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www.bikaji.com Q1FY27 PRODUCT MIX 1375.3%6.6%9.2%5.8%3.1%Q1FY26Ethnic SnacksPackaged SweetsWestern SnacksPapadOthers (in %)75.7%6.3%10.1%4.9%3.1%Q1FY27Ethnic SnacksPackaged SweetsWestern SnacksPapadOthers
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www.bikaji.com 820 908 975 Q1FY26 Q4FY26 Q1FY27 296 249 290 Q1FY26 Q4FY26 Q1FY27 Q1FY27 CORE & FOCUS MARKETS PERFORMANCE 14 (INR Mn)FocusExports18.9%-2.2% 4,448 4,886 4,927 Q1FY26 Q4FY26 Q1FY27 579 624 611 Q1FY26 Q4FY26 Q1FY27 CoreOthers10.8%5.6%
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www.bikaji.com Q1FY27 CORE & FOCUS MARKETS-WISE MIX 1572.4%14.3%9.0%4.3%Q1FY27CoreFocusOthersExport72.4%13.3%9.4%4.8%Q1FY26CoreFocusOthersExport
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www.bikaji.com 2,550 2,659 2,818 Q1FY26 Q4FY26 Q1FY27 3,583 4,001 3,985 Q1FY26 Q4FY26 Q1FY2711.2%Q1FY27 SKU MIX- MARKET LEADER IN FAMILY PACK SEGMENT 1658.6%41.4%Family packsImpulse packs58.3%41.5%Family packsImpulse packs Family PacksImpulse Packs Q1FY26Q1FY27(INR Mn)10.5%
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www.bikaji.com RETAIL BUSINESS PERFORMANCE 17 (INR Mn)Revenue from Operations 212 384 364 Q1FY26 Q4FY26 Q1FY2771.8%Store Count 15 26 28 Q1FY26 Q4FY26 Q1FY27
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www.bikaji.com KEY QUARTERLY HIGHLIGHTS/COMMENTARY 18 Key Financial PerformanceQoQ (%)YoY (%)Q1 FY27Particulars1.9%12.5%7,343Total Revenue from Operations12.8%2.8%990EBITDA6.1%1.6%595PATDelivered overall volume growth of 7.7% andvalue growth of 12.5% in Q1 YoYEBITDA grew by 2.8% with this consolidatedEBITDA earned by the Company during Q1FY27stands out at INR 990 millionsGross Margin stands as 35.7% on overall revenuewith growth of 70 bps (YoY).(INR Mn) 33.4%29.0%33.2%35.0% 35.0%34.7%35.6%35.7%14.8%7.8%12.2%14.8%14.9%12.5%12.2%13.5%0.0%10.0%20.0%30.0%40.0%01,0002,0003,0004,0005,0006,0007,0008,0009,000Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Revenue from OperationsGM %EBITDA %Quarterly Performance
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www.bikaji.com SENSITIVITY IN KEY MATERIAL CATEGORIES 19Corrugated BoxesLaminatesPulses and FloursEdible Oil1.000.970.981.051.091.431.431.391.361.401.431.631.001.041.011.011.031.020.950.890.880.900.890.911.000.970.950.971.041.031.011.00 1.010.960.971.191.001.081.141.200.991.161.251.160.991.181.211.19
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www.bikaji.com FY2631st March 2026Quarter ended 30thJune 2025Quarter ended 31stMarch 2026Quarter ended 30thJune 2026Particulars29,9396,5277,2097,343Revenue from Operations514100178131Other Income 30,4536,6277,3867,474Total Revenue 19,4454,2444,6444,721Cost of Goods Sold10,4942,2822,5652,621Gross Profit35.1%35.0%35.6%35.7%Gross Margins (%)4,106963877990EBITDA13.7%14.8%12.2%13.5%EBITDA Margin (%)3,155733634728EBIT 10.5%11.2%8.8%9.9%EBIT Margin (%)2,544585560595PAT 8.5%9.0%7.8%8.1%PAT Margin (%)10.312.392.252.40EPS (Basic) CONSOLIDATED FINANCIAL PERFORMANCE | P&L 20 (INR Mn)
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www.bikaji.com COMPANY SHARE PRICE PERFORMANCE 21 29-Sep-2329-Oct-2329-Nov-2329-Dec-2329-Jan-2429-Feb-2431-Mar-2430-Apr-2431-May-2430-Jun-2431-Jul-2431-Aug-2430-Sep-2431-Oct-2430-Nov-2431-Dec-2431-Jan-2528-Feb-2531-Mar-2530-Apr-2531-May-2530-Jun-2531-Jul-2531-Aug-2530-Sep-2531-Oct-2530-Nov-2531-Dec-2531-Jan-2628-Feb-2631-Mar-2630-Apr-2631-May-2630-Jun-26Bikaji FoodsBSE SensexBSE FMCGMarket CapitalizationINR 12,188 crore(as of 30th Sep 2023)Market CapitalizationINR 15,800 crore(as of 30thJune 2026)
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Registered Office:F 196 -199, F 178 & E 188 Bichhwal IND. Area, Bikaner RJ 334006 IN. Rishabh Jain Email: rishabh@bikaji.com Prateek SharmaEmail: prateek.sharma@bikaji.com Corporate Office:Plot No.E-558-561, C-569-572, E-573-577,f-585-592Karni Extension, Riico Industrial Area, Bikaner 334004 RJ IN Bikaji Foods International Ltd.