India's Bikaji Foods jumps after Q4 profit surges

Bikaji Foods International

24/05/2024 05:21

** Shares of Bikaji Foods International  BIKA.NS  up as much
as 9.4% to 584.70 rupees 
    ** The snacks food maker reported a more than threefold jump
in its March-qtr consolidated net profit to 1.16 bln rupees 
($13.9 mln) 
    ** Revenue from operations rose 12.8% Y/Y 
    ** The ethnic snacks segment, which constituted about 73.5%
of the total revenue for the quarter, grew 10.8% Y/Y
    ** More than 898,000 shares traded, 4.8x its 30-day avg
    ** Stock on track for a second straight week of gains, if
current trends hold 
    ** Including session's climb, stock has gained 3.8% YTD

   ($1 = 83.2000 Indian rupees)

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))