DIAMONDYDNSEPrataap Snacks LimitedMediumNeutral
Announced Tue, 6 May · 18:58 IST

Prataap Snacks Limited has informed the Exchange about Investor Presentation

Mgmt Guided Margin ImprovementMgmt Guided Margin PressureAnalyst Day Multiyear TargetsInvestor Communications View source PDF

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Prataap Snacks (Yellow Diamond) reported FY25 revenue of Rs. 1,707 crore, up 6% year-on-year, while Q4 FY25 revenue grew 3% to Rs. 401 crore. However, profitability collapsed sharply with FY25 EBITDA falling 66% to Rs. 49 crore and EBITDA margin contracting from 8.7% to 2.9%, as gross margins dropped 623 basis points due to severe raw material inflation (palm oil up 42%, potatoes up 31%, besan up 21%). The company slipped into a loss of Rs. 119 crore in Q4 (vs. Rs. 124 crore profit a year ago) and Rs. 140 crore loss for the full year on a reported basis. The board recommended a 10% dividend. Q4 was also impacted by lost sales from a fire at the Jammu facility. Management outlined aggressive cost optimisation in distribution, operations and logistics to structurally improve margins, and reiterated its long-term targets of ~15% revenue growth, >10% EBITDA margin and 15-20% RoCE. Separately, Peak XV Partners sold its 47% stake to Authum Investment and Mahi Madhusudan Kela in 2025.

Likely market impact

A weak quarter and year with steep margin compression despite steady topline growth, signalling significant cost headwinds that hurt near-term profitability. However, the maintained dividend, positive cash profit, and management's clear roadmap for cost-led margin recovery offer some comfort for long-term shareholders.