Packaged Foods company Prataap Snacks announced Q2FY26 results Income from operations of Rs 4,298 million, an increase of 5% over Q1FY26. Operating EBITDA of Rs 229 million, higher by 27% compared to Rs 180 million in Q1FY26. EBITDA margin improves from 4.4% in Q1FY26 to 5.3% in Q2FY26, an increase of 92 basis points. PAT of Rs 41.4 million compared to Rs 6.9 million in Q1FY26, higher by 500% on a QoQ basis. EPS (Diluted) stood at Rs 1.94 per share an increase of 569% on a QoQ basis. Amit Kumat, MD, Prataap Snacks, said: “We have navigated the second quarter with resilience amid a demand environment that continues to be challenging. Revenues for Q2FY26 of Rs 4,298 million were higher by 5% on a QoQ basis. However, Q2 revenues reflect a modest decline on a year-on-year basis, primarily due to impact from GST transition. While categories such as Rings and smaller price-point packs of chips have seen some softness, our namkeen and pellet categories have held steady and continue to contribute positively to the topline. Despite these headwinds, we are pleased to report an increase in EBITDA by 27% and 20% on a QoQ and YoY basis respectively. Despite adverse variance in key input prices over the respective prior periods, interventions such as ongoing process optimization initiatives, and grammage rationalization have enabled an improvement in EBITDA margin. We are planning to set up a new, modern facility at Indore with greater degree of automation which will enable us to better streamline production and significantly reduce overheads, further optimising cost of production and structurally enhancing the margin profile. On the distribution front, we continue to execute our strategy with focus and discipline. While overall distribution coverage has increased marginally, our efforts to strengthen emerging channels are paying off—quick-commerce has delivered the strongest traction among new platforms, followed by modern trade, while exports continue to build gradually. Favourable macroeconomic conditions - including stable inflation, lower interest and tax rates, and the GST rationalisation - are driving a broad-based recovery in consumption. We are confident that this improved external environment, combined with the multiple internal initiatives we are implementing, will translate into accelerated topline growth and enhanced profitability. We believe these outcomes will be visible in the second half itself, driven by initiatives with near-term impact, and will further strengthen over time as medium- to long-term measures take effect.” Result PDF
Packaged Foods company Prataap Snacks announced Q1FY26 results Income from operations of Rs 4,089.4 million, an increase of 3% over Q4FY25 Operating EBITDA of Rs 180.1 million, higher by 3.7x compared to Rs 49.2 million in Q4FY25 PAT of Rs 6.9 million compared to loss of Rs (119.4) million in Q4FY25 EPS (Diluted) stood at Rs 0.29 per share Amit Kumat – MD, Prataap Snacks said: “We are pleased to report a positive start to the financial year with Q1FY26 revenues of Rs 4,089.4 million., reflecting 3% growth on a sequential quarter basis. On a year-on-year basis, revenues experienced a decline of 2.4%, primarily due to persistent macroeconomic challenges impacting overall consumption in lower income groups. However, we are encouraged by a noticeable improvement in demand trends towards the latter half of the quarter, signaling improved market sentiment towards discretionary spends. Encouragingly, we have also witnessed an improvement in margin, primarily driven by the decline in input prices and supported by the positive impact of ongoing initiatives of grammage rationalization and process enhancement. From a product perspective, our pellet and namkeen categories have been the cornerstone of our topline growth this quarter. We have expanded the reach of these products, increasing availability across key touchpoints. Furthermore, we are excited to announce the launch of new namkeen SKUs, including Bhunja and Kasturi, tailored to resonate with consumer preferences in the eastern region. These innovations are poised to strengthen our market penetration and drive incremental growth in these high-potential markets. While inflationary pressures continue to pose challenges to consumption, early indicators suggest a gradual recovery in demand. The timely onset of the monsoon is expected to bolster rural economic activity, a critical driver for our industry. With a positive performance in Q1FY26, we are optimistic about sustaining this momentum through the remainder of the financial year. Our strategic focus on innovation, operational excellence, market expansion supported by greater integration of technology positions us well to capitalize on emerging opportunities and deliver sustainable value to our stakeholders.” Result PDF
Packaged Foods company Prataap Snacks announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Income from operations of Rs 4,006 million, change 3% YoY. Operating EBITDA of Rs 49 million. PAT of Rs (119) million. FY25 Financial Highlights: Income from operations of Rs 17,077 million, change 6% YOY. Operating EBITDA of Rs 487 million. PAT of Rs (140) million. The Board of Directors has proposed a dividend of 10% per share on a face value of Rs 5 each, translating to Rs 0.50 per share. Amit Kumat, MD, Prataap Snacks, said. “In FY25, we witnessed sustained inflationary pressures and weak consumption trends which have impacted demand for consumer products. The impact is more visible in the value segment. Given this backdrop, we are pleased to report positive revenue growth of 6% YoY for FY25 and 3% YoY in Q4FY25. Topline growth in Q4 would have been slightly higher, but for some lost sales due to the fire in our Jammu facility. We have enhanced capacities at other facilities located in North India towards end of the quarter. Our sharpened focus on core markets, data-driven sales strategies, and expanded distribution have been key enablers of the topline growth. In addition to witnessing encouraging trends in market share, we are pleased that our leadership in extruded snacks remains intact. During the year, we witnessed a sharp rise in input costs, especially palm oil and potatoes with other inputs also witnessing inflationary pressures. Our ongoing cost optimization initiatives delivered meaningful impact, easing some part of the margin pressures. As input prices eased slightly towards the end of the fiscal, we reported improved profitability in Q4 over Q3. Despite a challenging year, we have delivered a positive cash profit and improved working capital further. As a result, we continue to maintain a robust financial position with healthy levels of free cash. The Board has recommended a dividend of 10% of face value for the year, reinforcing our commitment towards creating value for shareholders. Over the year, we executed several strategic initiatives aimed at strengthening the foundation for sustained future growth. Our market segmentation framework will enable sharper, market-specific execution and more efficient resource allocation along with distribution augmentation. Comprehensive cost optimization efforts, including detailed benchmarking of manufacturing processes and operational efficiencies, are set to enhance competitiveness further by providing additional levers to structurally elevate margins. Looking ahead to FY26, our focus will be to drive sustainable profitable growth through sharper cost control, distribution expansion, and technology-led governance. With the strong foundation built in FY25 and a clear strategic roadmap ahead, we are confident in our ability to deliver enhanced value to all stakeholders in the coming years.” Result PDF
Packaged Foods company Prataap Snacks announced Q3FY25 results Q3FY25 Financial Highlights: Income from operations of Rs 4,426.9 million. Operating EBITDA of Rs (54.2) million. PAT of Rs -147.3 million. EPS (Diluted) stood at Rs -6.17 per share. Amit Kumat – MD, Prataap Snacks, said: “In a backdrop of persistent inflationary trends and sluggish consumer demand, we are pleased to report revenue growth of 9% on YoY basis. There has been improved demand in rural markets, even as urban markets remained subdued. Sales growth has been driven by a combination of expansion into new touchpoints as well as initiatives to optimize sales efforts at existing touchpoints and territories through enhanced efficiencies. Additionally, we formally commenced exports in Q3 with the shipment of initial batches. The third quarter witnessed continued increase in raw material prices, as anticipated, particularly for key ingredients such as palm oil and potato. Apart from the price rise, the reinstatement of import duties on crude and refined palm oil has contributed to the sharp increase in raw material costs in the current quarter. To mitigate these challenges, we implemented several measures, including recipe adjustments, process reengineering, grammage & trade margin optimization which have helped to partially offset the impact of rising costs. We have also recognized an exceptional loss this quarter, due to the fire at our Jammu facility. However, we maintained operational continuity at proximate markets by ramping up production at our Hisar and Karnal facilities. Our focus will be to drive topline growth through implementation of measures such as distribution expansion, range selling and Sales Force Automation with emphasis on regions where we enjoy a strong market share. We are undertaking efforts to enrich margins in a structural manner by aggressively optimising costs, introducing products to aid premiumization and driving growth in exports. We are confident that the combination of these measures will help us to realise accretive value in the quarters ahead.” Result PDF
Packaged Foods company Prataap Snacks announced H1FY25 & Q2FY25 results Q2FY25 Financial Highlights: Revenue from operations of Rs 4,411 million. Operating EBITDA of Rs 192 million with margin at 4.3%. PAT of Rs 62 million. EPS (Diluted) stood at Rs 2.58 per share. H1FY25 Financial Highlights: Revenue from operations of Rs 8,625 million. Operating EBITDA of Rs 492 million with margin at 5.7%. PAT of Rs 156 million. EPS (Diluted) stood at Rs 6.52 per share. Amit Kumat – MD, Prataap Snacks, said: “We delivered a resilient performance in Q2FY25, reporting revenue from operations of Rs 4,411 million, despite navigating significant inflationary pressures that have affected consumption trends across the country. Even as volumes of MRP Rs 5 packs have been under stress this quarter on an industry-wide basis, we have reported higher volumes in this price point which represents a significant proportion of overall volumes. Another highlight for this quarter is the strong growth in the pellet snacks category. The business faced broad-based input cost pressures this quarter, with steep increases in prices for key ingredients such as potatoes, wheat, and gram. In response, we have implemented measures like grammage reduction and trade margin adjustments to enhance realizations which has helped us to partially mitigate the impact this quarter. Consequently, EBITDA for the quarter stood at Rs 192 million, with the EBITDA margin contracting to 4.3%. However, with input prices, especially palm oil, indicating further rise in Q3FY25 we are implementing additional cost-reduction and process-optimization initiatives. We are proactively implementing strategies to drive growth. Exports have been initiated in Q2 and initial batches will be dispatched in the third quarter. Products have been on boarded onto a quick commerce platform in Q2 with further platforms set to be added in Q3 enabling expanded distribution. These actions, combined with signs of improving rural demand and favourable seasonality trends in the second half of the fiscal year, are expected to support volume growth. In September 2024, our private equity investor, Peak XV Partners (formerly Sequoia Capital), exited their 47% stake in Prataap Snacks Ltd., achieving a manifold return on the original investment. We extend our sincere gratitude for their support and trust in Prataap Snacks, acknowledging their invaluable role in scaling our business, enhancing corporate practices, and shaping company culture over the past 13 years. The stake has been acquired by Authum Group and Ms. Mahi Madhusudhan Kela, who have also launched an open offer in compliance with regulatory requirements, which is currently underway. We will seek to build a collaborative partnership with the new shareholders that further enriches Prataap’s position and strategic depth, with the objective of generating even greater value creation for all stakeholders in the years ahead.” Result PDF