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27 announcements match the current filters (relevance ≥ 5).
31.1% YoY Revenue Growth: Gopal Snacks Reports Highest-Ever Quarterly Revenue of ₹422.3 Cr
Gopal Snacks delivered a strong Q1 FY27, reporting its highest-ever quarterly revenue of ₹422.3 crore, a 31.1% YoY increase. This growth was driven by the recommencement of the Rajkot main facility and improved supply chain efficiencies. EBITDA margins expanded significantly to 7.4% from 4.7% YoY, despite raw material inflation, aided by grammage reductions and better product mix. Management has maintained a 20% revenue growth guidance for FY27, supported by a current monthly run rate exceeding ₹150 crore.
Confidence: HIGH
What changedThe company has successfully moved past the operational disruptions caused by the Rajkot facility fire, consolidating production and achieving record sales volumes.
Why it mattersThe restoration of the Rajkot facility (previously 59% of capacity) is vital for margin recovery through lower logistics and power costs, enabling the company to meet its 20% annual growth target.
Q1 FY27 Revenue: ₹422.3 crYoY Revenue Growth: 31.1%EBITDA Margin: 7.4%Monthly Run Rate: ₹150 cr+FY27 Revenue Guidance: 20% growthQ1 Revenue vs TTM Revenue: 28%
📅 Short termThe stock may see positive sentiment as the company demonstrates a clear recovery from past supply chain shocks and provides confident growth guidance.
📈 Long termStructural improvements from the consolidated Rajkot facility and expansion into under-penetrated markets like UP and West Bengal support the long-term growth trajectory.
⚠ Risk flags
- Raw material price volatility
- High competitive intensity in the potato wafers segment
- Concentration in the Gathiya segment (27% of revenue)
Key Highlights
Reported highest-ever quarterly revenue of ₹422.3 crore, up 31.1% YoY and 3.1% sequentially.
EBITDA more than doubled YoY to ₹31.5 crore, with margins improving to 7.4% from 4.7%.
Management maintained FY27 revenue growth guidance of minimum 20% over FY26.
Distribution network expanded to over 1,000 distributors with a focus on 'double coverage' in Gujarat.
Current monthly revenue run rate is established at ₹150 crore plus.
👀 What to Watch
Watch for the sustainability of the 7.4% EBITDA margin in the face of raw material inflation and the execution of the 'double coverage' distribution strategy in core markets.
Gopal Snacks Q1 FY27: Revenue Up 31% to ₹422 Cr; Rajkot Main Facility Fully Restored
Gopal Snacks reported a strong Q1 FY27 with revenue growing 31.1% YoY to ₹422.3 Cr, driven by robust demand in Gathiya (+28.9%) and Wafers (+36.0%). A critical milestone was the full restoration of the Rajkot Main manufacturing facility (1,05,233 MTPA capacity) which had been offline since a fire in December 2024. EBITDA margins stood at 7.4%, reflecting a recovery from FY25 lows but facing pressure from rising Palmolein oil and laminate costs. The company continues its geographic diversification, with 'Focus States' now contributing 27.1% of total revenue.
Confidence: HIGH
What changedThe primary Rajkot manufacturing facility is now fully operational after the December 2024 fire, and the company has successfully transitioned production back from temporary Gondal facilities.
Why it mattersThe restoration of the Rajkot plant is expected to lower power, fuel, and transportation costs, improving operational efficiency. Strong YoY growth across all product segments suggests the brand has maintained consumer pull despite recent supply chain disruptions.
Q1 Revenue: ₹422.3 CrYoY Revenue Growth: 31.1%EBITDA Margin: 7.4%Restored Rajkot Capacity: 1,05,233 MTPATotal Installed Capacity: 4,07,428 MTQ1 Revenue vs TTM Revenue: ~28%
📅 Short termPositive sentiment is expected as the company moves past the operational hurdles caused by the fire incident and demonstrates strong volume growth.
📈 Long termThe company is structurally shifting from a regional player to a multi-state brand, with Focus States gaining share; long-term success depends on maintaining margins amidst raw material volatility.
⚠ Risk flags
- Rising raw material costs (Palmolein oil and Laminates)
- High promoter holding at 81.5%
- Competitive intensity in the value-for-money snack segment
Key Highlights
Revenue from operations increased 31.1% YoY to ₹422.3 Cr, representing ~28% of TTM revenue.
Rajkot Main facility recommenced operations with 1,05,233 MTPA capacity, restoring ~25% of total group capacity.
Gathiya segment, the company's mainstay, recorded 28.9% YoY growth to ₹120.8 Cr.
Distributor network expanded to 1,007 partners, up from 841 in the same quarter last year.
Focus Market revenue (MP, MH, RJ, UP, CG) grew 36.6% YoY to ₹114.2 Cr.
👀 What to Watch
Watch for margin expansion in upcoming quarters as production shifts from third-party units back to the more efficient, vertically integrated Rajkot facility. Monitor raw material price trends, specifically Palmolein oil, which showed a rising index of 1.14 in Q1 FY27.
Rs 422 Cr Revenue: Gopal Snacks Reports 31% YoY Growth and Rajkot Facility Restart in Q1 FY27
Gopal Snacks delivered its highest-ever quarterly revenue of Rs 422.3 Cr in Q1 FY27, a 31.1% YoY increase, signaling a robust recovery from previous supply chain disruptions. EBITDA more than doubled to Rs 31.5 Cr, with margins expanding to 7.4% from 4.7% YoY due to disciplined cost management. A critical milestone was the recommencement of the Rajkot manufacturing facility with 1,05,233 MTPA capacity, which had been offline since a fire in late 2024. The company also expanded its distribution network to 1,007 active distributors, with non-core 'Other States' growing at 79.4% YoY.
Confidence: HIGH
What changedThe company has successfully restored its primary Rajkot manufacturing hub and transitioned from recovery mode to achieving record-high quarterly sales.
Why it mattersRestoring the Rajkot facility (which previously represented 59% of capacity) stabilizes the supply chain and reduces reliance on third-party manufacturing, which is essential for improving long-term operating margins.
Q1 Revenue: Rs 422.3 CrRevenue vs TTM: 27.9%EBITDA Margin: 7.4%Rajkot Capacity: 1,05,233 MTPAYoY PBT Growth (excl. exceptional): 250.9%
📅 Short termThe stock may see positive sentiment as the company demonstrates margin recovery and the resolution of major manufacturing bottlenecks.
📈 Long termStructural growth depends on successful geographic expansion beyond Gujarat and the ability to maintain margins despite raw material price volatility.
⚠ Risk flags
- Raw material cost pressure from geopolitical tensions
- High promoter holding (81.5%) exceeding the 75% regulatory threshold
Key Highlights
Reported highest-ever quarterly revenue of Rs 422.3 Cr, up 31.1% YoY and 3.1% QoQ
EBITDA more than doubled to Rs 31.5 Cr compared to Rs 15.2 Cr in Q1 FY26
Rajkot manufacturing facility recommenced operations with 1,05,233 MTPA capacity
Gathiya and Wafers segments recorded strong YoY growth of 28.9% and 36.0% respectively
Distribution network expanded to 1,007 active distributors with 135 micro-distributors
👀 What to Watch
Monitor the operational efficiency gains from consolidating Gondal operations into the Rajkot facility and the revenue ramp-up from the newly operational Modasa plant in upcoming quarters.
Gopal Snacks Q1 FY27: Revenue Up 31% to ₹422 Cr; CMD Re-appointed for 5 Years
Gopal Snacks reported a strong Q1 FY27 with revenue from operations reaching ₹422.32 Cr, a 31.1% increase compared to ₹322.17 Cr in Q1 FY26. Net profit saw a significant recovery, rising to ₹12.85 Cr from ₹2.52 Cr in the same period last year. The Board has also approved the re-appointment of founder Bipinbhai Vithalbhai Hadvani as Chairman and Managing Director for a five-year term effective October 1, 2026. This performance indicates a steady recovery from the operational disruptions caused by the Rajkot-1 fire incident in late 2024.
Confidence: HIGH
What changedGopal Snacks has reported its Q1 FY27 financial results showing significant YoY growth and has secured leadership continuity by re-appointing its founder-CMD for another five years.
Why it mattersThe results demonstrate a successful turnaround from the supply chain disruptions of FY25, while the CMD's re-appointment ensures stability during the company's multi-state expansion phase.
Revenue (Q1 FY27): ₹422.32 CrNet Profit (Q1 FY27): ₹12.85 CrYoY Revenue Growth: 31.1%CMD Tenure Extension: 5 yearsEPS (Q1 FY27): ₹1.03
📅 Short termThe stock may see positive sentiment in the short term due to the sharp recovery in net profit and robust double-digit revenue growth.
📈 Long termLong-term value depends on the company's ability to replicate its Saurashtra market dominance in other states and manage raw material cost volatility.
⚠ Risk flags
- High raw material cost concentration (~70% of revenue)
- Segment concentration (Gathiya accounts for 27% of revenue)
- Execution risk in new geographic markets
Key Highlights
Revenue from operations grew 31.1% YoY to ₹422.32 Cr in Q1 FY27
Net profit surged to ₹12.85 Cr in Q1 FY27 compared to ₹2.52 Cr in Q1 FY26
Re-appointment of CMD Bipinbhai Hadvani for a 5-year term until September 2031
Cost of materials consumed stood at ₹296.97 Cr, representing approximately 70% of total revenue
Insurance claims of ₹37.46 Cr were received during FY26 following the Rajkot-1 fire incident
👀 What to Watch
Investors should monitor the company's ability to maintain these growth rates as it expands into UP and West Bengal, and track the operational efficiency of the new Modasa plant.
Gopal Snacks Q1 Revenue Grows 31% YoY to ₹422 Cr; CMD Re-appointed for 5 Years
Gopal Snacks reported a strong 31.1% YoY revenue growth for Q1 FY27, reaching ₹422.32 Cr, indicating a recovery from previous supply chain disruptions. Net profit surged to ₹12.85 Cr from a low base of ₹2.52 Cr in the same quarter last year. The Board has approved the re-appointment of founder Bipinbhai Hadvani as Chairman and Managing Director for a five-year term starting October 2026. While YoY performance is robust, sequential PAT fell from ₹29.95 Cr in Q4 FY26, primarily due to the absence of exceptional insurance gains recorded in the previous quarter.
Confidence: HIGH
What changedThe company has reported its first quarter results for FY27 showing strong top-line recovery and has secured its top leadership for the next five years.
Why it mattersThe 31% revenue growth suggests the company is successfully overcoming the 59% capacity disruption caused by the Rajkot fire. Leadership continuity under the founder is crucial for the company's aggressive geographic expansion strategy.
Q1 FY27 Revenue: ₹422.32 CrYoY Revenue Growth: 31.1%Q1 FY27 PAT: ₹12.85 CrCMD Re-appointment Term: 5 YearsQ1 Revenue vs TTM Revenue: ~28%
📅 Short termThe strong YoY growth and management stability are likely to be viewed positively by the market in the coming weeks.
📈 Long termLong-term value depends on the successful transition from a Saurashtra-centric brand to a national player and improving EBITDA margins which were historically impacted by raw material costs and fire disruptions.
⚠ Risk flags
- High raw material cost concentration (70% of revenue)
- Geographic concentration in Western India
- Pending insurance claim accounting (only recognized on receipt)
Key Highlights
Revenue from operations increased 31.1% YoY to ₹422.32 Cr from ₹322.17 Cr.
Net Profit for the quarter stood at ₹12.85 Cr, a significant jump from ₹2.52 Cr in Q1 FY26.
CMD Bipinbhai Hadvani re-appointed for a 5-year term effective October 01, 2026, to September 30, 2031.
Cost of materials consumed remained high at ₹296.97 Cr, accounting for 70.3% of total revenue.
The company received ₹37.46 Cr in insurance claims during FY26 related to the Rajkot plant fire incident.
👀 What to Watch
Investors should monitor the volume growth sustainability and the margin impact of the newly operationalized Modasa plant. Key focus remains on the company's ability to expand market share in under-penetrated regions like UP and West Bengal.
Gopal Snacks Receives ₹16.56 Crore GST Show Cause Notice for HSN Misclassification
Gopal Snacks Limited has received a Show Cause Notice (SCN) from the CGST authority in Rajkot demanding a GST payment of ₹16.56 crore for FY 2022-23. The dispute arises from the alleged misclassification of the HSN code for the company's 'Fried Fryms' product. The company has already secured stays from the Gujarat High Court for similar notices covering the period from FY 2017-18 to FY 2021-22. Management intends to challenge this latest notice legally and maintains that there is no immediate material impact on financials or operations.
Key Highlights
Received a Show Cause Notice from CGST Rajkot for a GST liability totaling ₹16,55,65,440.
The notice pertains to the misclassification of HSN codes for 'Fried Fryms' during FY 2022-23.
Company has existing stays from the Gujarat High Court for similar HSN disputes for FY 2017-18 to FY 2021-22.
Management will file a formal reply and challenge the SCN before relevant authorities.
The company claims no material impact on operations or financials at this stage due to the intimation.
👀 What to Watch
Investors should monitor the Gujarat High Court's final decision on HSN classification for 'Fryms', as it is a recurring industry-wide tax issue. While the ₹16.56 crore demand is notable, the company's history of securing stays suggests no immediate cash outflow.
Gopal Snacks Promoters Disclose 81.46% Holding; 9.72% Shares Pledged in FY26
Gopal Snacks Limited has submitted its annual disclosure under SEBI Takeover Regulations for the financial year ended March 31, 2026. The Promoter and Promoter Group collectively hold 10,15,35,692 equity shares, representing a substantial 81.46% stake in the company. The lead promoter, Bipinbhai Vithalbhai Hadvani, disclosed that 1,21,20,000 shares (9.72% of total equity) are currently pledged. The group confirmed that no additional encumbrances were created during the financial year.
Key Highlights
Promoter and Promoter Group hold 10,15,35,692 shares, accounting for 81.46% of the total equity.
A total of 1,21,20,000 shares (9.72% of the company) are disclosed as pledged by the promoter.
Bipinbhai Vithalbhai Hadvani is the largest shareholder with a 55.00% individual stake.
The declaration confirms no new direct or indirect encumbrances were made during the 2025-26 financial year.
The company maintains a high promoter concentration, with four entities holding the entire 81.46% group stake.
👀 What to Watch
Investors should note the high promoter holding as a sign of confidence, but monitor the 9.72% pledged stake for any further increases. The 81.46% holding is above the typical 75% limit for public companies, suggesting a future need for dilution to meet Minimum Public Shareholding (MPS) norms.
Gopal Snacks Q4 Revenue Jumps 29% YoY to ₹410 Cr; Targets ₹350 Cr Growth in FY27
Gopal Snacks reported a strong recovery in Q4 FY26 with revenue growing 29% YoY to ₹409.6 crores, driven by the stabilization of its Modasa and Nagpur facilities. For the full year FY26, revenue reached ₹1,508.2 crores with an EBITDA margin of 6.7%, impacted by earlier supply chain disruptions. The company has successfully commissioned its Rajkot plant with a 1,05,000 MT capacity, which is expected to significantly improve operational efficiency. Management has provided a robust outlook for FY27, targeting a revenue delta of ₹330-350 crores and an EBITDA margin expansion to 8-9%.
Key Highlights
Q4 FY26 revenue grew 29% YoY to ₹409.6 crores; FY26 revenue stood at ₹1,508.2 crores.
EBITDA margin for Q4 improved to 7.7%, with a full-year FY27 target of 8-9%.
Commissioned Rajkot facility with 1,05,000 MT capacity, completing the restatement of production assets.
Distribution network expanded to 953 distributors, including the addition of 125 micro-distributors.
Received ₹37.4 crores in total insurance proceeds during FY26, with ₹17.5 crores received in Q4.
👀 What to Watch
Investors should focus on the company's ability to execute its 'double service' distribution model in Gujarat and the ramp-up of the new Rajkot facility. The stock appears to be in a recovery phase as supply constraints are resolved and management targets higher margins for FY27.
Gopal Snacks Declares ₹0.40 Interim Dividend; Sets May 16 as Record Date
Gopal Snacks Limited has declared its 3rd interim dividend of ₹0.40 per equity share (40% of face value) for the financial year 2025-26. The company has fixed May 16, 2026, as the record date to determine eligible shareholders for this payout. The dividend is scheduled to be paid to shareholders on or before June 10, 2026. Additionally, the board approved audited financial results for FY26 with an unmodified audit opinion, indicating healthy reporting standards.
Key Highlights
Declared 3rd interim dividend of ₹0.40 per share on equity shares of face value ₹1 each
Fixed Saturday, May 16, 2026, as the record date for dividend eligibility
Interim dividend payment to be completed on or before June 10, 2026
Appointment of Haribhakti & Co. LLP as Internal Auditor for the financial year 2026-27
Statutory auditors issued an unmodified opinion on the audited financial results for FY26
👀 What to Watch
Investors interested in the dividend should ensure they hold the stock before the ex-dividend date. The declaration of a third interim dividend alongside an unmodified audit report reflects positive management confidence in cash flows.
Gopal Snacks Q4 Revenue Grows 29% YoY to ₹409.6 Cr; PAT Aided by Insurance Claim
Gopal Snacks reported its highest-ever quarterly revenue of ₹409.6 Cr in Q4 FY26, a 29% YoY increase. The company's bottom line was significantly bolstered by an exceptional insurance claim settlement of ₹17.5 Cr in Q4, leading to a PAT of ₹29.9 Cr. For the full year FY26, revenue stood at ₹1,508.2 Cr, while EBITDA margins remained stable at 6.7%. Key growth drivers included a 20.6% rise in Gathiya sales and a 3x jump in Modern Trade and Quick Commerce revenue.
Key Highlights
Q4 FY26 revenue grew 29% YoY to ₹409.6 Cr, the highest quarterly revenue ever recorded.
Exceptional income of ₹17.5 Cr from insurance claims boosted Q4 PAT to ₹29.9 Cr.
Gathiya and Snack Pellets segments grew by 20.6% and 23.6% YoY respectively.
Modern Trade and Quick Commerce revenue tripled compared to the previous year.
Distribution network expanded to 953 distributors, up from 884 in the previous quarter.
👀 What to Watch
The stock shows strong recovery and revenue growth; however, investors should focus on core EBITDA margins excluding one-time insurance gains. Watch for continued expansion in non-core states and the performance of the Quick Commerce channel.
Gopal Snacks Q4 Revenue Jumps 29% YoY to ₹409.6 Cr; Capacity Fully Restored Post-Fire
Gopal Snacks reported a strong recovery in Q4 FY26, with revenue growing 29% YoY to ₹409.6 Cr, driven by robust demand in the Gathiya and Snack Pellets segments. The company has successfully operationalized its Modasa and Nagadka facilities, restoring capacity lost during the Rajkot fire incident. While FY26 EBITDA saw a marginal 3.8% decline to ₹101.3 Cr, Q4 EBITDA margins improved significantly to 7.7%. The bottom line was bolstered by ₹39.3 Cr in exceptional insurance claims received during the fiscal year.
Key Highlights
Q4 Revenue from operations increased 29% YoY to ₹409.6 Cr; FY26 revenue reached ₹1,508.2 Cr.
Gathiya segment and Snack Pellets recorded YoY growth of 20.6% and 23.6% respectively in Q4.
Total installed capacity reached 375,591 MT following the commissioning of the Modasa and Nagadka plants.
Distribution network expanded to 953 distributors, supported by 294 owned logistics vehicles.
Exceptional profit of ₹39.3 Cr booked in FY26 from fire insurance claims, including ₹17.5 Cr in Q4.
👀 What to Watch
Investors should focus on the improving capacity utilization at the new Modasa and Nagpur plants, which is expected to drive margin expansion in FY27. The successful restoration of the supply chain and expansion into focus markets like Maharashtra and Rajasthan are key growth catalysts.
Gopal Snacks Declares ₹0.40 Interim Dividend; Reports FY26 Audited Results
Gopal Snacks Limited has approved its audited financial results for the quarter and year ended March 31, 2026, receiving a clean audit opinion from its statutory auditors. The company declared a third interim dividend of ₹0.40 per share, representing 40% of the face value for FY 2025-26. The record date for this dividend is set for May 16, 2026, with payments to be completed by June 10, 2026. Additionally, the board has appointed Haribhakti & Co. LLP as the internal auditor for the upcoming financial year.
Key Highlights
Declared a 3rd interim dividend of ₹0.40 per equity share (40% of face value) for FY 2025-26.
Fixed May 16, 2026, as the record date for determining dividend eligibility.
Statutory auditors issued an unmodified opinion on the annual financial results for FY26.
Appointed Haribhakti & Co. LLP as Internal Auditor for the financial year 2026-27.
👀 What to Watch
Investors should ensure they hold the stock before the May 16 record date to be eligible for the ₹0.40 dividend. The clean audit report and appointment of a reputable internal auditor suggest stable corporate governance.
Gopal Snacks Re-commences Rajkot Plant with 1,05,233 MTPA Capacity
Gopal Snacks has successfully re-commenced operations at its Rajkot Main Plant, which had been non-operational since a fire incident in December 2024. The facility resumes with a significant installed capacity of 1,05,233 MTPA, focusing on Gathiya, Namkeen, and Extruded Snacks. As part of a strategic consolidation, the company will discontinue operations at its Gondal facility to streamline production at the more efficient Rajkot site. This move is expected to enhance profitability through lower power, labor, and transportation costs due to the plant's boiler-based system and proximity to key dealers.
Key Highlights
Restoration of Rajkot Main Plant with an installed capacity of 1,05,233 MTPA
Consolidation of manufacturing by shifting Gondal facility operations to Rajkot
Anticipated reduction in power costs due to the implementation of a boiler-based system
Lower logistics and manufacturing costs expected from proximity to Saurashtra region dealers
Ancillary plants for Papad, Spices, and Besan remained unaffected and continue normal operations
👀 What to Watch
Investors should view this as a positive recovery from the 2024 fire incident, likely leading to improved operating margins in upcoming quarters. Monitor the company's ability to scale volumes and realize the projected cost savings from the plant consolidation.
Gopal Snacks Board to Consider Q4 Results and 3rd Interim Dividend on May 12
Gopal Snacks Limited has scheduled a board meeting on May 12, 2026, to approve its audited standalone financial results for the quarter and full year ended March 31, 2026. A key agenda item is the consideration of a 3rd interim dividend for the financial year 2025-26. The company has already fixed May 16, 2026, as the record date for determining shareholder eligibility for this dividend, contingent on board approval. This announcement signals potential cash returns to shareholders alongside the annual performance review.
Key Highlights
Board meeting scheduled for May 12, 2026, to approve FY 2025-26 audited financial results.
Proposal for a 3rd interim dividend for FY 2025-26 will be considered during the meeting.
Record date for the proposed interim dividend is fixed as May 16, 2026.
Trading window for designated persons is closed from April 1, 2026, until 48 hours after results declaration.
👀 What to Watch
Investors should monitor the May 12 announcement for the dividend quantum and full-year earnings growth. To be eligible for the dividend, shares must be held prior to the May 16 record date.
Gopal Snacks Maintains Operations Amid Gas Restrictions Using Bio Coal
Gopal Snacks Limited has confirmed that its manufacturing operations remain unaffected by the Government of India's recent restrictions on commercial gas usage. The company is utilizing Bio coal at its key facilities in Modasa and Nagpur, ensuring a smooth supply chain and no interruption in meeting customer demand. This strategic shift to alternative fuel sources is designed to reduce dependency on single energy sources and improve cost-effectiveness. With 6 manufacturing units and a network of over 850 distributors, the company remains resilient against macro-level energy supply challenges.
Key Highlights
Modasa and Nagpur manufacturing facilities are running normally using Bio coal despite national gas restrictions.
Strategic use of alternative fuel sources has mitigated risks associated with Middle East tensions and gas supply shortages.
Company maintains a robust distribution network of 850+ distributors and nearly 300 owned logistics vehicles.
Vertical integration and in-house cold storage support the company's agility in production and quality control.
👀 What to Watch
Investors should note the company's proactive risk management and fuel diversification, which protects margins from volatile gas prices. This operational resilience provides a competitive advantage over peers who may be more dependent on commercial gas supplies.
Gopal Snacks receives ₹174.72 million interim insurance claim for Rajkot fire incident
Gopal Snacks Limited has received an interim insurance payment of ₹174.72 million related to a fire incident at its Rajkot production facility that occurred on December 11, 2024. This brings the total insurance proceeds received in the current financial year to ₹374.64 million. The company is currently in the process of restating the fire-affected assets at the Metoda, Rajkot unit. Further insurance disbursements are expected as the asset restatement process nears completion.
Key Highlights
Received interim insurance payment of ₹174.72 million for the Metoda, Rajkot facility fire
Total insurance claim proceeds for the current financial year stand at ₹374.64 million
The fire incident occurred on December 11, 2024, at Plot No. G2322-23-24, GIDC Metoda
Asset restatement is ongoing, with further claim disbursements expected upon completion
👀 What to Watch
This is a positive development as it provides liquidity and offsets the capital loss from the fire incident. Investors should monitor the timeline for the full restoration of production capacity at the affected unit.
Gopal Snacks Q3 Revenue Up 6.7% QoQ to ₹400.8 Cr; Modasa Plant Drives Supply Chain Recovery
Gopal Snacks reported a sequential revenue growth of 6.7% to ₹400.8 crores in Q3 FY26, signaling a recovery from previous supply chain disruptions caused by a fire incident. The operationalization of the Modasa facility, with 63,085 MT capacity, has restored fill rates to over 95% and allowed the company to reduce trade discounts, boosting gross margins to 27.6%. EBITDA stood at ₹30.4 crores with a 7.6% margin, while PAT reached ₹15.5 crores. Management highlighted strong traction in Gathiya and Snack Pellets segments, alongside successful expansion into other states which grew 28.7% YoY.
Key Highlights
Revenue grew 6.7% QoQ to ₹400.8 crores, with December sales 7% higher than November levels.
Gross margins improved by 120 bps QoQ to 27.6%, aided by a 1% reduction in trade discounts and product mix optimization.
The Modasa facility added 63,085 MT capacity, resolving approximately 95% of supply chain issues post-Rajkot fire.
Revenue from 'Other States' grew 28.7% YoY, supported by 93 micro-distributors under the SSD model.
New high-margin products like wafer biscuits and popcorn are now contributing approximately ₹1.5 crores to monthly revenue.
👀 What to Watch
Investors should monitor the sustainability of margin improvements as the company scales the Modasa plant and reduces dependency on imported oil. The recovery in the core Gujarat market and expansion into new geographies suggest a positive turnaround following recent operational setbacks.
Gopal Snacks Q3 FY26: Revenue Grows 6.7% QoQ to ₹400.8 Cr as Modasa Plant Ramps Up
Gopal Snacks reported a sequential revenue growth of 6.7% to ₹400.8 crores in Q3 FY26, signaling a recovery from previous supply chain disruptions. Gross margins improved to 27.6% from 26.4% in the prior quarter, driven by reduced trade discounts and a shift toward higher-margin products like wafer biscuits and popcorn. The commissioning of the Modasa facility with 63,085 MT capacity has restored fill rates to 93%, effectively addressing the impact of the earlier Rajkot fire incident. Management expects to break historical seasonal trends in Q4 FY26 due to stabilized operations and expansion into new states.
Key Highlights
Revenue for Q3 FY26 stood at ₹400.8 crores, with Snack Pellets and Gathiya segments growing 20.8% and 10.6% QoQ respectively.
Gross margin expanded by 120 bps to 27.6% due to lower trade discounts and a 0.5% benefit from reduced dealer margins post-GST.
The Modasa facility is now fully operational, contributing to a 7% increase in December sales compared to November.
Expansion into other states grew 28.7% YoY, supported by 93 micro-distributors under the SSD model.
New high-margin products like wafer biscuits and popcorn are contributing approximately ₹1.2 crores to monthly revenue.
👀 What to Watch
Investors should focus on the company's ability to sustain the 27%+ gross margin and monitor the sales ramp-up in non-Gujarat markets. The successful operationalization of the Modasa plant provides a strong foundation for volume growth in FY27.
Gopal Snacks Q3 FY26: EBITDA Surges 95.8% YoY to ₹30.4 Cr, Revenue Up 6.7% QoQ
Gopal Snacks reported a strong sequential recovery in Q3 FY26, with revenue reaching ₹400.8 crore, a 6.7% growth over the previous quarter. The company's EBITDA saw a significant jump of 95.8% YoY to ₹30.4 crore, with margins improving to 7.6% from 6.4% in Q2 FY26. Operational recovery is on track following the Rajkot fire incident, supported by the ramp-up of the Modasa facility which added 63,085 MT of capacity. While 9-month performance remains lower than the previous year, the quarterly trend shows robust growth in the Gathiya and Snack Pellets segments.
Key Highlights
Revenue from operations grew 6.7% QoQ to ₹400.8 crore, driven by strong demand in Gathiya and Snack Pellets.
EBITDA margins expanded to 7.6% from 6.4% in the previous quarter, reflecting cost optimization and production leverage.
The Gathiya segment and Snack Pellets segment recorded QoQ growth of 10.6% and 20.8%, respectively.
Revenue from 'Other States' (outside core markets) delivered a strong YoY growth of 28.7%.
The Modasa facility is now fully operational with an installed capacity of 63,085 MT, mitigating previous supply chain disruptions.
👀 What to Watch
Investors should monitor the sustainability of margin improvements and the company's ability to regain its 9-month revenue levels. The successful ramp-up of the Modasa plant and expansion into new states are positive indicators for long-term growth.
Gopal Snacks Q3 FY26 Revenue Rises 6.7% QoQ to ₹400.8 Cr; EBITDA Surges 95.8% YoY
Gopal Snacks reported a sequential recovery in Q3 FY26 with revenue at ₹400.8 Cr, up 6.7% QoQ, signaling a turnaround from previous fire-related disruptions. EBITDA grew significantly by 95.8% YoY to ₹30.4 Cr, with margins improving to 7.6% due to cost optimization and production leverage. The company successfully operationalized its Modasa facility (63,085 MT capacity) and Nagadka facility to restore lost capacity. While 9M FY26 PAT is down 25.3% YoY at ₹43.7 Cr, the quarterly momentum indicates strong operational resilience and successful geographic diversification.
Key Highlights
Q3 FY26 Revenue from operations stood at ₹400.8 Cr, a 6.7% QoQ increase and 1.8% YoY growth.
EBITDA margins expanded to 7.6% in Q3 FY26, up from 3.9% in Q3 FY25, driven by cost-saving efforts.
The Gathiya segment and Snack Pellets segment saw QoQ revenue growth of 10.6% and 19.9% respectively.
Distribution network reached 881 distributors, with 'Other States' revenue growing 28.7% YoY.
Modasa facility is now fully operational with 63,085 MT capacity, restoring production lost in the Rajkot fire.
👀 What to Watch
The company is showing strong signs of recovery post-fire incident with improving margins and capacity restoration. Investors should monitor the utilization levels of the new Modasa and Nagadka facilities as they are key to returning to historical profitability levels.
