Hot Pursuit     12-Dec-24
Gopal Snacks drops after fire incident at Rajkot facility
Gopal Snacks tumbled 6.66% to Rs 421.80 after the firm informed about a significant fire accident took place at one of its production unit situated at GIDC Metoda, in Gujarat, India on 12 December 2024 around 2:45 PM.
The company stated that it has taken appropriate measures to manage the incident, and there have been no casualties or injuries among its personnel onsite.

The packaged food maker has implemented measures such as production activities being scaled up at Modasa and Nagpur facilities to compensate for the current closure of the Rajkot I facility. Additionally, it is engaging with third-party manufacturers to the extent additional local capacity is required.

The firm’s assets are fully insured, and the insurance provider has been notified of the incident. All critical business systems, including SAP infrastructure, remain operational and secure, ensuring seamless business continuity without any data loss. There has been no loss of data or disruption to its IT systems, it added.

The FMCG company informed that it is working diligently to restore operations at the Rajkot I facility at the earliest. Management is confident that this incident will have no significant long-term impact on the company’s operations or financial performance.

Gopal Snacks added that it will continue to provide regular updates on the situation as the operations at the Rajkot facility normalize.

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.

Gopal Snacks’ standalone net profit rose 6.17% to Rs 28.89 crore on 12.57% increase in total revenue from operations to Rs 402.64 crore in Q2 FY25 over Q2 FY24.

Previous News
  Gopal Snacks standalone net profit declines 4.15% in the March 2024 quarter
 ( Results - Announcements 09-May-24   18:00 )
  Gopal Snacks standalone net profit declines 14.32% in the June 2024 quarter
 ( Results - Announcements 18-Jul-24   17:38 )
  Gopal Snacks reports standalone net loss of Rs 39.51 crore in the March 2025 quarter
 ( Results - Announcements 24-May-25   07:43 )
  Gopal Snacks schedules AGM
 ( Corporate News - 10-Sep-24   10:25 )
  Gopal Snacks to discuss results
 ( Corporate News - 02-May-24   15:19 )
  Board of Gopal Snacks recommends Final Dividend
 ( Corporate News - 09-May-24   17:33 )
  Gopal Snacks slides on reporting weak Q3 numbers
 ( Hot Pursuit - 03-Apr-24   13:50 )
  Gopal Snacks to discuss results
 ( Corporate News - 23-Mar-24   11:33 )
  Gopal Snacks fixes record date for interim dividend
 ( Market Beat - Reports 20-Sep-24   18:21 )
  Gopal Snacks IPO subscribed 9.02 times
 ( IPO Centre - IPO News 11-Mar-24   17:40 )
  Gopal Snacks commences trial operations at new manufacturing plant in Gujarat.
 ( Hot Pursuit - 13-Jan-25   16:05 )
Other Stories
  SG Mart forays into renewable energy sector with launch of APL Apollo SunSteel
  12-Jun-25   15:39
  Maithan Alloys acquires minority stake in GAIL (India) for Rs 12 cr
  12-Jun-25   15:32
  Kay Cee Energy & Infra hits the roof on securing Rs 28 cr transmission order from RVPN
  12-Jun-25   15:19
  C.E. Info Systems Ltd leads losers in 'A' group
  12-Jun-25   15:00
  Cinevista Ltd leads losers in 'B' group
  12-Jun-25   14:45
  C E Info Systems slumps after block deal
  12-Jun-25   14:45
  Ashoka Buildcon tumbles as GST notice triggers search & seizure operation
  12-Jun-25   14:43
  Happiest Minds appoints Anand Balakrishnan as chief financial officer
  12-Jun-25   14:39
  Volumes spurt at RHI Magnesita India Ltd counter
  12-Jun-25   14:30
  Crisil Ratings reaffirms ratings of Ratnamani Metals at 'AA/A1+' with 'stable' outlook
  12-Jun-25   14:25
Back Top