Bikaji Foods trades 4% higher on 43.5% rise in September quarter net profit

Revenue for the quarter grew by 32 percent to Rs 577 crore compared to year-ago period

Shares of ethnic snacks major Bikaji Food opened 4 percent higher on December 7 on the back of strong September quarter results. The company has reported 43.5 percent on-year growth in net profit to Rs 40.92 crore.

In the same quarter last year, net profit stood at Rs 28.5 crore.

At 9:30am, the stock was quoting at Rs 411.50 on the National Stock Exchange, higher by 3.9 percent. It is up 28 percent since listing. The stock made its debut at Rs 321 apiece on November 16.

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