Gopal Snacks Reported a Fall of 14.3% in PAT During Q1 FY2025

Gopal Snacks, a leading FMCG company in India known for its high-quality snack products, announced its results for the quarter ended 30th June 2024 (Q1 FY2025)

Operational Highlights

• The company launched three new products during Q1 FY25: Kolapuri Bhadang (Namkeen), Sabudana Chivda (Namkeen), and Cristos Korean BBQ (Wafers)
• The Ghathiya and Wafers segments showcased a YoY growth of 9.4% and 51.3%, respectively.
• The Focus Market achieved a remarkable YoY growth of 35.1%.

Financial Performance

During the quarter, the company recorded a YoY growth of 11.2% in revenue from operations to 354.3 crore as compared to 318.5 crore in Q1 FY2024. PAT for the quarter stood at 24.3, indicating a fall of 14.3%. This converted into a PAT margin of 6.9%.

Commenting on the performance, Mr. Bipinbhai Hadvani, Chairman and MD, said, “The fiscal year 2024 was exceptional for the company with the successful launch of our initial public offering (IPO) and strong growth. This motivates us to strive for higher growth in the coming years. We are pleased to report a strong start to Q1 FY25, with Revenue from Operations of Rs. 354 Cr, representing a YoY growth of 11.2%. This growth was primarily driven by the expansion of our distribution network and cost optimisation initiatives via a vertically integrated structure.

He further added, “ Our continuous efforts to strengthen our presence in the Focus market yielded significant results, with the Gathiya and Wafers segments growing by 9.4% and 51.3% YoY, respectively, during the quarter. Our distribution network has now grown to 753 distributors, increased by 170 distributors, and witnessed 29.2% YoY growth. We are pleased to announce the commencement of Corrugated Box manufacturing operations at our Rajkot Ancillary I facility. This strategic move aligns with our vertically integrated strategy and aims to optimise costs. Furthermore, we are in the process of establishing a boiler power plant, which will not only enhance cost efficiencies but also be in line with our ESG strategy.”

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