Gopal Snacks Limited has informed the Exchange about Transcript
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Gopal Snacks reported Q1 FY26 revenue of Rs. 322.2 crores, up 1.7% sequentially but down 9% year-on-year, mainly due to supply chain disruptions from the December 2024 Rajkot fire. Gross margin recovered to 26% from 23% in Q4 FY25 (vs 29% in Q1 FY25), supported by softening palm oil and packaging costs. EBITDA margin stood at 4.7% (vs 11.5% YoY) due to higher advertising spends and lower gross profitability. The Modasa plant trial production is on track for mid-September 2025, which along with Rajkot restoration should resolve supply chain issues by year-end. Management maintained its FY26 revenue guidance of Rs. 1,750 crores (20% growth), with H1 expected at Rs. 730-740 crores and H2 targeted at Rs. 1,020 crores. New products popcorn and wafer biscuits were launched.
The supply chain drag is temporary and Modasa commissioning in September should restore growth momentum. Margin recovery is gradual but management expects EBITDA margins to inch toward double-digit by Q4 FY26. Insurance claim recovery in Q2 and new product launches are incremental positives, though near-term H1 revenue will fall short of Rs. 800 crore guidance.