Bikaji Foods International sells a 30% stake in its baked foods subsidiary, BBPL, to Khaleel, the founder of Bakemart. The move ends BBPL’s status as a wholly owned subsidiary of Bikaji Foods. The transaction marks a shift in ownership structure within the company’s baked foods segment.
Bikaji Foods International founder **Shiv Ratan Agarwal** has died at age 70. He served as chairman and whole-time director of the company. The announcement was made through a stock exchange filing.
Bikaji Foods International has increased its ownership in Hazelnut Factory Food Products (THF) to **48.99%**, nearing a majority stake. The move consolidates its position in THF, a producer of hazelnut-based food products. No additional details on strategic rationale or financial terms were disclosed.
Bikaji Foods International reports a **13.5% increase in consolidated net profit**, reaching **Rs 77.67 crore** for Q2 2025 (ended September 2025). The snacks manufacturer’s earnings growth follows its second-quarter financial performance. The company’s results reflect continued profitability in its core food products business.
