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Bikaji Foods : Bikaji Foods has entered the Quick Service Restaurant (QSR) business. In fact, Bikaji Foods Retail Limited, a subsidiary of Bikaji Foods International Limited, has acquired a 53.02% stake in Hazelnut Factory Food Products Private Limited. This deal has been done for a total of Rs 131.01 crore. The turnover of Hazelnut Factory Food Products Private Limited for the financial year ended March 31, 2024, was Rs 44.85 crore.
What happened to the agreement
Bikaji Foods Retail Limited has signed a Share Subscription Agreement and a Share Purchase Agreement ("Transaction Documents") with Hazelnut Factory Food Products Private Limited and its promoters to record the terms and conditions governing this strategic investment.
Share Price of Bikaji Foods International
Shares of Bikaji Foods International Ltd closed at Rs 910 per share, up 0.42 percent on the BSE on Friday, October 18. The stock opened at Rs 901.55 per share against its previous close of Rs 907.05.
Bikaji Foods International Limited is a company with a market capitalization of Rs 22,806 crore as of October 18. The company is part of the BSE 500.
Bikaji Foods International Q1 FY25 Quarterly Results
Bikaji Foods International Ltd reported that its revenue for the quarter ended September 30, 2024 was Rs 561.40 crore. Net profit for Q1 FY25 was Rs 60.55 crore. Earnings per share (EPS) for Q1 FY25 stood at Rs 2.42 per share. EPS indicates how much money a company earns on each stock.
