Bikaji Foods IPO - Large Play In Ethnic Snacks Industry: ICICI Direct

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .ICICI Direct's IPO Report.Bikaji Foods International Ltd. has a growing domestic and global presence with a well-diversified product basket of more than 300 plus products. Namkeen is the highest selling category followed by bhujia, sweets, papad and others contributing to 35.6%, 34.9%, 12.7%, 6.7% and 10.0%, respectively, to total sales in FY22.The company is the market leader in family pack segment and holds highest share of 60.6% among its other stock keeping units of five and 10 packs during FY22. This reflects its brand resilience, driven by taste and the brand preference.Bikaji Foods is expanding across geographies and trying to emerge as a dominant pan-India player. Apart from its core market of Rajasthan, the company has a very strong presence in states like Bihar and Assam. It aspires to set up state of the art product manufacturing facilities across various strategic locations in the country to ensure easy product availability.The company has developed a large pan-India distribution network. As of June 30, 2022, it had six depots, 38 super stockists, 416 direct and 1,956 indirect distributors that work with super stockists, across 23 states and four union territories in India..Click on the attachment to read the full IPO report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Bikaji Foods IPO - Large Play In Ethnic Snacks Industry: ICICI Direct

Bikaji Foods is expanding across geographies and trying to emerge as a dominant pan-India player.

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