• Growth targets: The company expects annual volume growth of 12% to 13% and value growth of 15% to 17%, with pricing growth contributing approximately 3%.
• Raw material hedging: Bikaji maintains short-term hedging of 30 to 45 days for edible oil due to price volatility, while covering 40% to 50% of key raw material requirements for 6 to 8 months.
• Category and regional outlook: Core ethnic snacks account for about 70% of the business, while core states like Rajasthan, Bihar, and Assam are targeted to grow by 13% to 15%, with focus and other states expected to expand by over 20%.
• CapEx and capacity: Current capacity utilization is slightly above 50%, and the company plans an internally funded capital expenditure of approximately ₹100 crore for maintenance, depots, and facility expansions.