Packaged Foods company Prataap Snacks announced Q1FY25 results: Revenue from operations of Rs 4,214.4 million Operating EBITDA of Rs 300.3 million with margin at 7.1% PAT of Rs 94.4 million EPS (Diluted) stood at Rs 3.95 per share RoCE (annualized) of 9.1%, of which RoCE from the Yellow Diamond* salty snacks business is 15.3% Commenting on the Q1FY25 performance, Amit Kumat – MD, Prataap Snacks said. “We are pleased to report a positive start to FY25 as we reported revenues of Rs 4,214.4 million in Q1FY25, higher by 8.7% YoY. There are initial signs of improvement in consumer demand and easing of macro-economic pressures this quarter. Further, our strategic actions of enhancing range selling and implementing Sales Force Automation (SFA) are key drivers of this performance. A key highlight has been the continued strong growth in the categories of Namkeen and Pellets. We have reported an EBITDA of Rs 300.3 million in Q1FY25, which represents the 6th consecutive quarter of EBITDA in excess of Rs 300 million. EBITDA has been impacted by the sharp rise in potato prices this season. We are working on measures such as cost optimization, grammage rationalization and recalibration of channel margins in order to mitigate the impact of higher potato prices. New Facilities launched in Q4 FY24 have stabilized this quarter and will see increased utilization in the coming quarters. We are also making progress on initiatives such as new product development and exports. We have appointed a strategic consultant to undertake a comprehensive transformation program in order to build upon the success of recent years. This program is focused towards improvement in revenue, operational efficiency, cost optimization and distribution enhancement. These initiatives coupled with an abundant monsoon and signs of improving consumer demand provide us optimism for the quarters ahead.” Result PDF
Conference Call with Prataap Snacks Management and Analysts on Q4FY24 Performance and Outlook. Listen to the full earnings transcript.