Gopal Snacks Limited — Earnings Release 2025

Oct 14, 2024

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Ref: GSL/CS/Q3/2024-25

Date: 14.10.2024

BSE Limited

Department of Corporate Services, Pheroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400001

National Stock Exchange Limited Exchange Plaza, 5[th] Floor, Plot No. C/1, G Block, Bandra-Kurla Complex, Mumbai – 400051

Script code: 544140

Symbol: GOPAL

Sub: Press release on financial results for the quarter and half year ended 30[th] September 2024

Dear Sir / Madam,

Pursuant to the requirements of the Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended from time to time, please find enclosed herewith a copy of the Press Release issued by the Company in relation to the Unaudited Standalone Financial Results of the Company for the quarter and half year ended on 30[th] September 2024, the content of which is self-explanatory.

The enclosed Press release will be made available on Company’s website and the same can be accessed at www.gopalnamkeen.com

Please acknowledge and take on your record. Thanking You.

Yours Faithfully,

For, GOPAL SNACKS LIMITED

Digitally signed by Gangani Mayur Gangani Mayur Popatbhai Popatbhai Date: 2024.10.14 16:52:36 +05'30' CS Mayur Gangani Company Secretary and Compliance officer Membership No. FCS 9980

Encls: as above

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Q2 FY2025 Earnings Press Release

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Q2 FY2025 Revenue from Operations of ₹402.6 Crores; an increase of 12.6% Y-o-Y

The distribution network expanded to 828 distributors, increased by 211 distributors, witnessed 34.2% Y-o-Y growth

The Focus Market achieved a remarkable Y-o-Y growth of 29.3%

Rajkot, 14[th] October 2024: Gopal Snacks Limited, (“Gopal Snacks Ltd” or the “Company”) (BSE: 544140; NSE: GOPAL) a leading FMCG company in India known for its high-quality snack products, has announced its unaudited Financial Results for the quarter and half year ended 30th September 2024.

Q2 and H1 FY2025 Financial Performance:

			Y-o-Y		Q-o-Q			Y-o-Y
Rs. in Cr	Q2 FY25	Q2 FY24		FY		H FY	H FY
			(%)	Q1 25	(%)	1 25	1 24	(%)
Revenue from Operations	402.6	357.7	12.6%	354.3	13.6%	757.0	676.2	11.9%
Gross Profit	116.6	102.7	13.5%	102.8	13.4%	219.4	202.7	8.2%
Gross Margin%	29.0%	28.7%		29.0%		29.0%	30.0%
EBITDA	46.8	45.5	2.7%	40.9	14.4%	87.7	94.3	_(7.0)% _
EBITDA Margin%	11.6%	12.7%		11.5%		11.6%	13.9%
PBT	38.8	36.2	7.2%	33.0	17.7%	71.8	75.0	_(4.2)% _
PBT Margin%	9.6%	10.1%		9.3%		9.5%	11.1%
PAT	28.9	27.2	6.2%	24.3	18.9%	53.2	55.6	(4.3 _)% _
PAT Margin%	7.2%	7.6%		6.9%		7.0%	8.2%

Q2 FY2025 Result Snapshot

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• Focus Market includes Madhya Pradesh, Maharashtra, Rajasthan and Uttar Pradesh; Other States includes Delhi, Chhattisgarh, Daman & Diu, Goa, Jharkhand, Karnataka, Odisha, Telangana, Uttarakhand

• a nd West Bengal • Volume (In Packets)

Q2 FY2025 Earnings Press Release

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Q2 FY25 Operational Highlights:

• Added over 161 new distributors in the past six months, marking a significant milestone in our strategic expansion

• The Ghathiya and Wafers segments showcased a YoY growth of 13.4% and 46.8%, respectively

• The Focus Market achieved a remarkable YoY growth of 29.3%

Commenting on the performance Mr. Bipinbhai Hadvani, Chairman and MD said:

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“During Q2FY25, your Company continued its growth momentum, achieving a 12.6% increase in topline, reaching ₹402.6 crore. This growth has been driven by our strengthened market position, which focuses on expansion of distribution network, innovative product mix, and increasing brand visibility.

Our strategy remains centered on reinforcing our presence in Gujarat while actively expanding our market share in key regions, including Maharashtra, Uttar Pradesh, Rajasthan, and Madhya Pradesh.

We are proud to have added over 161 new distributors in the past six months, marking a significant milestone in our strategic expansion.

In the Wafer segment, we aim to establish a dominant market presence through product innovation, along with trade campaigns and channel engagement programs. By launching new, customized products and flavors, we seek to increase our market share and profitability, capitalizing on the highmargin potential of this category.

This quarter, we launched a marketing campaign for Cristos brand, reaffirming our commitment to expanding our product offerings and deepening our market penetration. Looking ahead, we plan to introduce further branding and marketing initiatives in the coming quarters to continue our growth trajectory.

We are also pleased to announce our first interim dividend of Rs. 1.00 per share for FY24-25, reflecting our strong financial performance and dedication to delivering value to our shareholders. This demonstrates our ongoing commitment to rewarding investor confidence while maintaining a focus on sustainable growth and profitability.

With a clear vision for the future, we are well-positioned for continued growth. Our goal is to expand our market reach and strengthen our standing as a leading company in the global food industry. We remain focused on enhancing product management, meeting diverse customer needs, and boosting brand visibility. As we establish a stronger market presence, we are prepared to navigate challenges, seize opportunities, and continue delivering enhanced value to our stakeholders."

Q2 FY2025 Earnings Press Release

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We Strive to Capture the Indian Taste Globally

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Direct
Procurement of Ancilliary Primary In-house Cold No. of
Facilities Facilities Storage Distributors
potatoes and
chana from 3 3 40,000 MT 828
Farmers
Total Installed Owned Logistics
Capacity Vehicles
410,154 279
H1 FY25 H1 FY25 H1 FY25
Revenue EBITDA PAT
757.0 Cr. 87.7 Cr. 53.2 Cr.
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Q2 FY2025 Earnings Press Release

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About Gopal Snacks Limited:

Gopal Snacks Limited (GOPAL) (BSE: 544140 | NSE: GOPAL) founded in 1999 is a leading FMCG company in India known for its high-quality snack products. Company is largest manufacturer of Gathiya & Snack Pellets in India & largest manufacturer of Ethnic Namkeen in Gujarat. The company has total six manufacturing facilities which includes three ancillary units in country. The Company offers a diverse product range comprising 95 distinct products and 346 SKUs.

For further information, please contact:

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Mr. Mayur Gangani Atul Modi / Simran Malhotra Compliance Officer & Company Secretary Churchgate Partners Gopal Snacks Limited +91 22 6169 5988 cs@gopalsnacks.com gopalsnacks@churchgatepartners.com

Statements in this document relating to future status, events, or circumstances, including but not limited to statements about plans and objectives, the progress and results of research and development, potential project characteristics, project potential and target dates for project related issues are forward-looking statements based on estimates and the anticipated effects of future events on current and developing circumstances. Such statements are subject to numerous risks and uncertainties and are not necessarily predictive of future results. Actual results may differ materially from those anticipated in the forward- looking statements. The company assumes no obligation to update forward-looking statements to reflect actual results changed assumptions or other factors.