Bikaji Foods sees 100-150 basis points profit margin drop on raw material inflation, says COO Manoj Verma

Bikaji Foods International, a Rajasthan-headquartered fast-moving consumer goods (FMCG) company, expects its full-year profit margins to contract by 100 to 150 basis points as the company absorbs a portion of elevated raw material costs, according to Chief Operating Officer Manoj Verma.Verma said…