Gopal Snacks Limited reported a 9% year-over-year revenue decline to Rs. 322.20 crores in Q1, primarily due to supply chain disruptions caused by a fire at its Rajkot plant. EBITDA margin dropped to 4.7% from 11.5%, and gross margins fell to 26% from 29%. The company's Gondal unit is operating at over 60% utilization, and the new Modasa plant is expected to begin trial production by mid-September. Despite challenges, Gopal Snacks maintains its guidance for 20% revenue growth, targeting Rs. 1,750.00 crores in total revenue. The company is focusing on product diversification and exploring international expansion opportunities.
Gopal Snacks Limited announced Q1 financial results, showing resilience amid challenges. Revenue increased 1.7% QoQ to ₹322.20 crore, with EBITDA up 6.5x QoQ to ₹15.20 crore. The company overcame a fire incident at its Rajkot plant by scaling up production at other facilities and establishing a temporary plant in Gondal. It maintained a strong distribution network with 841 active distributors. Product segments like Gathiya and Namkeen contributed significantly to revenue. Strategic initiatives include capacity expansion, implementation of a Distribution Management System, and strengthening omni-channel strategy.
Gopal Snacks Limited, a leading Indian packaged snacks manufacturer, reported a significant decline in Q1 profitability due to ongoing challenges from a fire incident at its Rajkot plant. Revenue dropped 9.1% YoY to ₹322.20 crore, while net profit fell 89.6% to ₹2.50 crore. EBITDA margin compressed to 4.7% from 11.5% last year. The company has implemented mitigation strategies, including scaling up production at other facilities and establishing a temporary unit in Gondal. Despite challenges, Gopal Snacks saw 19.5% YoY growth in non-core markets and is focusing on expanding its distribution network and product range to drive future growth.
26May 25
Gopal Snacks Reports Widening Q4 Losses and Revenue Decline
Gopal Snacks, a major Indian snack food company, reported a net loss of ₹395.00 million in Q4, a 51.28% increase from the previous year's ₹261.10 million loss. The loss is over seven times higher than the previous quarter's ₹53.00 million. Revenue decreased by 10.86% year-on-year to ₹3,200.00 million from ₹3,590.00 million. These results indicate significant operational challenges for the company.
23May 25
Gopal Snacks Reports Sharp Decline in Q4 EBITDA and Revenue
Gopal Snacks, a major Indian snack food company, released Q4 results showing significant financial downturn. EBITDA fell 94.59% to ₹21.00 million, with EBITDA margin shrinking to 0.66%. Net loss widened by 51.28% to ₹395.00 million. Revenue declined 10.86% to ₹3.20 billion compared to the previous year. The company faces substantial operational and market challenges, requiring urgent attention to reverse negative trends.
17Mar 25
Gopal Snacks Ltd. Strengthens Leadership Team with New CFO and Company Secretary Appointments
Gopal Snacks Limited has appointed Rigan Hasmukhrai Raithatha as the new Chief Financial Officer and reappointed Mayur Popatbhai Gangani as Company Secretary and Compliance Officer. Raithatha, with experience from companies like CG Power and Adani Group, will oversee financial strategies. Gangani, with 17 years of experience, will handle legal and compliance matters. Both appointments are effective from March 17, 2025, as approved by the Board of Directors.
Gopal Snacks Limited (GSL) targets an 11% EBITDA margin for FY2026, despite a 70.3% YoY decline in Q3 net profit due to a fire at its Rajkot plant. The company expects 90% revenue recovery by March and is expanding its distribution network in non-core states. GSL plans investor meetings with major financial institutions in March 2025 to discuss its recovery and growth strategies.