Gopal Snacks Targets 20% Revenue Growth with Geographic Expansion and Product Portfolio Enhancement
Gopal Snacks Limited, a leading Indian packaged snacks manufacturer, has announced a growth strategy aiming for a 20% revenue increase. The plan focuses on expanding in Western and Southern India, strengthening premium product lines, launching new products, enhancing distribution, and penetrating rural markets. Despite recent year-on-year declines in revenue and profitability, the company showed sequential growth. Gopal Snacks has entered agreements for third-party manufacturing facilities in Karnataka and Uttarakhand, partnered with Filmfare Awards 2025, and received an interim insurance payment for fire-affected assets in Rajkot.

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Gopal Snacks Limited , a leading manufacturer of packaged snacks in India, has unveiled an ambitious growth strategy aimed at achieving a 20% revenue increase. The company plans to expand its footprint in Western and Southern India while strengthening its premium namkeen and ready-to-eat product portfolio.
Key Growth Initiatives
The company's multi-pronged approach includes:
- Geographic Expansion: Focusing on penetrating markets in Western and Southern India to broaden its consumer base.
- Product Innovation: Launching new products in the extruded and baked categories to cater to evolving consumer preferences.
- Distribution Enhancement: Investing in distribution automation to improve supply chain efficiency and market reach.
- Rural Market Penetration: Expanding into rural markets to tap into a growing consumer segment.
- Margin Improvement: Expecting better margins through scale operations, backward integration, and product premiumization.
Financial Performance
According to the company's recent financial results:
| Metric | Q2 FY2026 | Q2 FY2025 | YoY Change |
|---|---|---|---|
| Revenue | ₹375.70 | ₹402.60 | -6.70% |
| EBITDA | ₹24.10 | ₹46.80 | -48.40% |
| EBITDA Margin | 6.40% | 11.60% | -520 bps |
| PAT | ₹25.70 | ₹28.90 | -11.10% |
Despite a year-on-year decline in revenue and profitability, the company showed sequential growth, with revenue increasing by 16.6% compared to Q1 FY2026.
Operational Highlights
- The company has entered into long-term agreements for third-party manufacturing facilities in Hiryur (Karnataka) and Kashipur (Uttarakhand) to strengthen its presence in Southern and Northern markets respectively.
- Gopal Snacks collaborated as the Official Snacks Partner for the Filmfare Awards 2025, enhancing its brand visibility across various platforms.
- The company received an interim payment of ₹19.99 crore from its insurer for the fire-affected assets at its Rajkot facility.
- A first interim dividend of ₹0.25 per share (25%) was declared.
Future Outlook
Mr. Bipinbhai Hadvani, Chairman and Managing Director, stated, "We remain focused on building a strong, scalable, and efficient business model. The expansion of our manufacturing base, improving distribution reach, and ongoing brand initiatives position us well to capture long-term opportunities in India's growing snacks market."
As Gopal Snacks implements its growth strategy, the company aims to leverage its expanded manufacturing capabilities, enhanced distribution network, and innovative product lineup to drive sustainable growth in the competitive packaged snacks industry.
Challenges and Opportunities
While the company faces challenges such as the temporary closure of its Rajkot I manufacturing facility due to a fire incident in December 2024, it has demonstrated resilience by scaling up production at other facilities and establishing a temporary manufacturing unit in Gondal, Rajkot.
The snack food market in India continues to present significant growth opportunities, driven by changing consumer preferences, urbanization, and increasing disposable incomes. Gopal Snacks' focus on product innovation and market expansion aligns well with these trends, positioning the company to potentially capture a larger market share in the coming years.
Historical Stock Returns for Gopal Snacks
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.52% | -4.39% | -2.15% | +18.19% | -25.56% | -7.76% |







































