Gopal Snacks Ltd Share Price – NSE  /  BSE

FMCG, Small Cap

Net profit of Gopal Snacks declined 4.15% to Rs 26.11 crore in the quarter ended March 2024 as against Rs 27.24 crore during the previous quarter ended March 2023. Sales rose 6.60% to Rs 350.96 crore in the quarter ended March 2024 as against Rs 329.24 crore during the previous quarter ended March 2023.

For the full year,net profit declined 11.39% to Rs 99.57 crore in the year ended March 2024 as against Rs 112.37 crore during the previous year ended March 2023. Sales rose 0.07% to Rs 1392.81 crore in the year ended March 2024 as against Rs 1391.83 crore during the previous year ended March 2023.

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Gopal Snacks announced that the Board of Directors of the Company at its meeting held on 09 May 2024, has recommended a Final dividend of Rs.0.25 per share (i.e.25%), subject to the approval of the shareholders.

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Gopal Snacks will hold a meeting of the Board of Directors of the Company on 9 May 2024.

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Revenue from operations increased marginally to Rs 3,675.78 crore in Q3 FY24 from Rs 3,633.21 crore reported in Q3 FY23.

As compared to Q2 FY24, the company's net profit fell 34% while revenue from operation rose 3% in Q3 FY24.

Profit before tax stood at Rs 26.55 crore in the quarter ended 31 December 2023, down 44.36% as against Rs 47.71 crore recorded in Q3 FY23.

EBITDA declined 39% to Rs 35.3 crore in the third quarter of FY24 as against Rs 58.3 crore recorded in Q3 FY23. EBITDA margin fell to 9.6% in Q3 FY24 as compared to 16% recorded in the corresponding quarter previous year.

For Q3 FY24, the revenue from the Gathiya was Rs 7,496 crore (up 18% YoY), Namkeen revenue was Rs 7,451 crore (up 9% YoY), Western Snack revenue was Rs 7,098 crore ( up 1% YoY) and Other Snacks/Products revenue was 3,487 crore ( up 30% YoY).

The company's net profit slipped 13.70% to Rs 73.45 crore in 9M FY24 from 85.12 crore reported in 9M FY23. Revenue from operation shed 1.95% to Rs 1,041.85 crore in 9M FY24 as against 1,062.59 crore recorded in 9M FY23.

The counter entered the stock market on 14 March 2024. The scrip was listed at Rs 350, exhibiting a discount of 12.72% to the issue price of Rs 401.

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.

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