Gopal Snacks Ltd Share Price – NSE  / BSE

FMCG, Small Cap

Orient Press Ltd, Mahindra EPC Irrigation Ltd, Bajaj Housing Finance Ltd and Ratnaveer Precision Engineering Ltd are among the other losers in the BSE's 'B' group today, 12 December 2024.

Gopal Snacks Ltd lost 7.86% to Rs 416.4 at 14:31 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 1.63 lakh shares were traded on the counter so far as against the average daily volumes of 19771 shares in the past one month.

Orient Press Ltd tumbled 6.26% to Rs 141.6. The stock was the second biggest loser in 'B' group.On the BSE, 28631 shares were traded on the counter so far as against the average daily volumes of 14413 shares in the past one month.

Mahindra EPC Irrigation Ltd crashed 5.90% to Rs 122. The stock was the third biggest loser in 'B' group.On the BSE, 4733 shares were traded on the counter so far as against the average daily volumes of 4022 shares in the past one month.

Bajaj Housing Finance Ltd dropped 5.87% to Rs 133.1. The stock was the fourth biggest loser in 'B' group.On the BSE, 43.94 lakh shares were traded on the counter so far as against the average daily volumes of 13.97 lakh shares in the past one month.

Ratnaveer Precision Engineering Ltd pared 5.82% to Rs 198.15. The stock was the fifth biggest loser in 'B' group.On the BSE, 1.31 lakh shares were traded on the counter so far as against the average daily volumes of 1.25 lakh shares in the past one month.

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The company stated that it has taken appropriate measures to manage the incident, and there have been no casualties or injuries among its personnel onsite.

The packaged food maker has implemented measures such as production activities being scaled up at Modasa and Nagpur facilities to compensate for the current closure of the Rajkot I facility. Additionally, it is engaging with third-party manufacturers to the extent additional local capacity is required.

The firm’s assets are fully insured, and the insurance provider has been notified of the incident. All critical business systems, including SAP infrastructure, remain operational and secure, ensuring seamless business continuity without any data loss. There has been no loss of data or disruption to its IT systems, it added.

The FMCG company informed that it is working diligently to restore operations at the Rajkot I facility at the earliest. Management is confident that this incident will have no significant long-term impact on the company’s operations or financial performance.

Gopal Snacks added that it will continue to provide regular updates on the situation as the operations at the Rajkot facility normalize.

Gopal Snacks is an FMCG company dealing in ethnic snacks, western snacks, and other products. The company offers a wide variety of savory products under its brand ‘Gopal’, including ethnic snacks such as namkeen and gathiya; western snacks such as wafers, extruded snacks, and snack pellets; and fast-moving consumer goods including papad, spices, gram flour or besan, noodles, rusk, and soan papdi.

Gopal Snacks’ standalone net profit rose 6.17% to Rs 28.89 crore on 12.57% increase in total revenue from operations to Rs 402.64 crore in Q2 FY25 over Q2 FY24.

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Gopal Snacks reported a fire incident at one of unit located at Plot No. G2322-23-24, GIDC Metoda Tal. - Lodhika, Rajkot, Gujarat, India, 360021.

As an update, the Company has taken the appropriate measures to manage the incident and there have been no casualties or injuries among its personnel onsite. The safety of Gopal Snacks team members always remains its highest priority.

Given the situation, the Company has implemented the following measures: „h

- Production activities have been scaled up at Modasa and Nagpur facilities to compensate for the current closure of the Rajkot I facility. Additionally, the Company is engaging with third-party manufacturers to the extent additional local capacity is required „h

 - The company¡¦s assets are fully insured, and the insurance provider has been notified of the incident. „h

-  All critical business systems, including SAP infrastructure, remain operational and secure, ensuring seamless business continuity without any data loss. There has been no loss of data or disruption to our IT systems.

The Company is working diligently to restore operations at the Rajkot I facility at the earliest. Management is confident that this incident will have no significant long-term impact on the Company¡¦s operations or financial performance.

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The demand has been raised via SCN dated 29th November 2024 towards GST liabilities based on the details provided therein for the period from 2020-2021.

In an exchange filing, the company said, The officer has raised GST demand in respect of outward supplies of 'Papad' product under HSN 21069099 instead of correct classification of the said product under HSN 19059040.

A potential demand in total of Rs 13,76,23,559/-, including penalty, has been put forth, which is subject to the outcome of the matter.

Gopal Snacks is an FMCG company dealing in ethnic snacks, western snacks, and other products. The company offers a wide variety of savory products under its brand ‘Gopal’, including ethnic snacks such as namkeen and gathiya; western snacks such as wafers, extruded snacks, and snack pellets; and fast-moving consumer goods including papad, spices, gram flour or besan, noodles, rusk, and soan papdi.

Gopal Snacks’ standalone net profit rose 6.17% to Rs 28.89 crore on 12.57% increase in total revenue from operations to Rs 402.64 crore in Q2 FY25 over Q2 FY24.

Shares of Gopal Snacks jumped 4.81% to close at Rs 462.10 on Friday, 6 December 2024.

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