In this article we present the effect of periodic magnetic field on the efficiency of a sheet beam driven C-band backward wave oscillator (operational in Megawatt power regime) through MAGIC3D PIC simulation. At 90 kV beam energy, 200 A beam current, and 0.6 T average magnetic field, our results depict an efficiency of nearly 70% due to improved electron beam confinement and electron bunching. A qualitative comparison is shown for efficiency through the same slow wave structure, guided by a uniform axial magnetic and the proposed periodic magnetic field. Efficiency enhancement of nearly 20% is observed in case of periodic magnetic field.