PRATAAP SNACKS LIMITED

Makes and sells packaged snacks in India under the Yellow Diamond brand, with namkeen and potato chips as the main product lines. Revenue runs through traditional distribution expansion and quick commerce channels, with the company posting its highest-ever annual revenue of Rs 1,724.65 crore in FY26 and a record quarterly Rs 490.4 crore in Q1 FY27, up about 20% year-on-year. The cost base is dominated by materials at 70.5% of revenue, with palm oil and packaging laminates specifically called out as inflationary inputs, while employees account for 4.6% and other operating expenses for 19.5%. EBITDA margin is thin at around 4.7% in FY26 (up from 2.9% the prior year), with management guiding to gradual margin improvement via plant consolidation and a long-term target of above 10% EBITDA margin. The business carries negligible debt and sits on a cash position of Rs 931 crore, generating Rs 353 crore of free cash flow in FY26, and is expanding capacity through the acquisition of RLOP Food Processing for up to Rs 16.50 crore to set up a greenfield plant in Madhya Pradesh.