Bikaji Foods International's bank facilities re-affirmed at ICRA AA- (Stable)

The rating action in numbers

What was re-affirmed

ICRA Limited has re-affirmed the rating of the company's bank facilities amounting to ₹147.32 crore, covering both long-term and short-term facilities. The long-term rating is [ICRA] AA- (Stable) and the short-term rating is [ICRA] A1+.

A re-affirmation means the agency has confirmed an existing rating rather than changing it. The filing does not say whether the rating or outlook has changed from any earlier rating.

Disclosure and website

The company made the disclosure under Regulation 30 of the Listing Regulations and said the rating will also be hosted on its website under Regulation 46.

Against the company's latest reported quarter, Q1 FY27 consolidated total income of ₹747.40 crore and net profit of ₹59.47 crore, the ₹147.32 crore of rated facilities is a fixed reference point, and the filing does not say how the facilities are split between long-term and short-term use.

What the rating re-affirmation means for Bikaji Foods International's shareholders

The filing confirms an existing credit rating on the company's bank facilities and does not describe any change in borrowing, capital or operations.

The reason for the re-affirmation, the split of the ₹147.32 crore between long-term and short-term facilities, and whether any earlier rating has changed are not stated in the filing.

Reference: Original filing (PDF)