Bikaji Foods International Limited Just Missed Earnings - But Analysts Have Updated Their Models

Bikaji Foods International Limited (NSE:BIKAJI) shareholders are probably feeling a little disappointed, since its shares fell 2.8% to ₹624 in the week after its latest first-quarter results. Revenues of ₹7.2b were in line with forecasts, although statutory earnings per share (EPS) came in below expectations at ₹2.40, missing estimates by 9.4%. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Bikaji Foods International after the latest results.

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Taking into account the latest results, the most recent consensus for Bikaji Foods International from eleven analysts is for revenues of ₹34.4b in 2027. If met, it would imply a solid 12% increase on its revenue over the past 12 months. Statutory earnings per share are predicted to expand 16% to ₹11.95. Before this earnings report, the analysts had been forecasting revenues of ₹34.6b and earnings per share (EPS) of ₹12.65 in 2027. The analysts seem to have become a little more negative on the business after the latest results, given the minor downgrade to their earnings per share numbers for next year.

Check out our latest analysis for Bikaji Foods International

The consensus price target held steady at ₹752, with the analysts seemingly voting that their lower forecast earnings are not expected to lead to a lower stock price in the foreseeable future. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. Currently, the most bullish analyst values Bikaji Foods International at ₹840 per share, while the most bearish prices it at ₹680. Even so, with a relatively close grouping of estimates, it looks like the analysts are quite confident in their valuations, suggesting Bikaji Foods International is an easy business to forecast or the the analysts are all using similar assumptions.

Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. The period to the end of 2027 brings more of the same, according to the analysts, with revenue forecast to display 16% growth on an annualised basis. That is in line with its 14% annual growth over the past three years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenues grow 10% per year. So although Bikaji Foods International is expected to maintain its revenue growth rate, it's definitely expected to grow faster than the wider industry.

The Bottom Line

The biggest concern is that the analysts reduced their earnings per share estimates, suggesting business headwinds could lay ahead for Bikaji Foods International. Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. We have forecasts for Bikaji Foods International going out to 2029, and you can see them free on our platform here.

We also provide an overview of the Bikaji Foods International Board and CEO remuneration and length of tenure at the company, and whether insiders have been buying the stock, here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.