Buy Bikaji Foods International; target of Rs 775: Asit C Mehta

Asit C Mehta is bullish on Bikaji Foods International has recommended buy rating on the stock with a target price of Rs 775 in its research report dated March 03 2025.

Broker Research

March 03, 2025 / 11:18 IST

Buy

26 Aug, 2025 12:21

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Asit C Mehta report on Bikaji Foods International

We initiate coverage of Bikaji Foods International (BIKAJI) with a “BUY” recommendation and a target price of Rs 775. The company is well entrenched in its core geographies and has a huge headroom to grow in its ‘focus’ and ‘other’ states. Focus on enhancing distribution and brand reach in ‘focus’ states is leading to market share gains. The company has a high share of family pack sales, pointing to customer loyalty. The company is now also expanding its business, to include frozen foods and entering into QSR and also deepening its focus on the western snacks segment.

Outlook

We assign a multiple of 52x to FY27E EPS of Rs 14.9 to arrive at a price target of Rs 775. With an upside potential of 22.2%, we assign a ‘BUY’ rating on the shares of Bikaji Foods International Ltd. Key risks are raw material inflation and any slowdown in distribution ramp up.

For all recommendations report, click here