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.