NSE: DIAMONDYD · BSE: 540724
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. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Namkeen, Potato chips. Branded packaged snacks, high material-intensity, low-single-digit EBITDA margin.
Exhibit 1: Financial summary, FY19–FY23 (all audited; no estimate years)
| ₹ crore · consolidated | FY19 | FY20 | FY21 | FY22 | FY23 |
|---|---|---|---|---|---|
| Revenue | 1,171 | 1,394 | 1,171 | 1,397 | 1,653 |
| EBITDA (ex other income) | 83 | 94 | 63 | 44 | 62 |
| margin % | 7.1 | 6.7 | 5.4 | 3.2 | 3.8 |
| Owners' profit | 0 | 0 | 0 | 0 | 0 |
| EPS, as reported (₹) | 19.03 | 20.01 | 6.04 | 1.24 | 8.51 |
| ROE % · ROCE % | 8.0 · 8.1 | 7.7 · 5.1 | 2.3 · 2.3 | 0.5 · 0.6 | 3.0 · 1.1 |
| Debt / equity (x) | 0.03 | 0.00 | 0.02 | 0.05 | 0.00 |
| Cash from operations | — | — | 77 | 46 | 80 |
| Capex | — | — | (34) | (31) | (83) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY22 | Q2 FY22 | Q3 FY22 | Q4 FY22 | Q1 FY23 | Q2 FY23 | Q3 FY23 | Q4 FY23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 280 | 371 | 385 | 361 | 383 | 457 | 426 | 387 |
| Profit before tax | (2) | 17 | (8) | (9) | (16) | 5 | 8 | 4 |
| Net profit | (2) | 15 | (7) | (3) | (11) | 4 | 6 | 22 |
| EPS (₹) | (0.68) | 6.26 | (3.09) | (1.26) | (4.86) | 1.81 | 2.48 | 9.06 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| NESTLE INDIA LIMITED | 2,27,636 | 59.7 | 44.14 | 41.4 | 67.9 | 54.7 | — | 24.4 |
| BRITANNIA INDUSTRIES LTD | 1,09,850 | 42.2 | 21.39 | 29.4 | 49.4 | 59.8 | 7.8 | 18.0 |
| ZYDUS WELLNESS LIMITED | 15,003 | 79.7 | 2.58 | 38.0 | 3.4 | 2.4 | 16.2 | 17.1 |
| BIKAJI FOODS INTERN LTD | 11,647 | 45.0 | 6.82 | 25.8 | 14.9 | 18.3 | — | 15.3 |
| BOMBAY BURMAH TRADING COR | 8,182 | 6.3 | 0.85 | 2.3 | 26.0 | 33.5 | 7.8 | 17.7 |
| MRS BECTORS FOOD SPE LTD | 5,689 | 19.3 | 4.48 | 20.0 | 11.1 | 13.1 | 18.3 | 14.7 |
| GOPAL SNACKS LIMITED | 3,031 | 36.1 | 6.33 | — | 15.4 | 19.4 | — | 7.6 |
| ADF FOODS LIMITED | 2,626 | 28.6 | 4.59 | 17.9 | 15.7 | 18.8 | 13.1 | 18.4 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 124.8 | 29.2 | 37 of 38 | 3% |
| P/B | 3.8 | 2.7 | 20 of 34 | 42% |
| ROCE | 0.2 | 7.4 | 35 of 40 | 13% |
| ROE | 3.0 | 7.7 | 25 of 34 | 27% |
| Debt / Equity | 0.0 | 0.1 | 8 of 33 | 78% |
| EBITDA margin | 5.3 | 9.9 | 24 of 33 | 28% |
| Revenue growth | 7.0 | 14.1 | 23 of 36 | 37% |
| Profit growth | 833.1 | 14.1 | 2 of 33 | 97% |
| Market cap | 2534 | 100 | 9 of 43 | 81% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 24 Oct 2026 · Board meeting set for October 30, 2026 results | results | low | — | — |
| 22 Oct 2026 · Prataap Snacks gets NSE, BSE nod to reclassify 6 promoters as public | ownership changes | medium | — | — |
| 26 Sept 2026 · Prataap Snacks Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 | compliance | minimal | — | — |
| 25 Sept 2026 · Prataap Snacks AGM 2026: All 7 Resolutions Passed, Rs 0.50/share Dividend Approved | board shareholder meetings | low | — | — |
| 24 Sept 2026 · Prataap Snacks 17th AGM held; voting results to be declared on Sept 25 | board shareholder meetings | low | — | — |
| 23 Sept 2026 · Prataap Snacks to attend Bharat Connect 2026 Rising Stars Conference on Sep 28 | board shareholder meetings | low | — | — |
| 3 Sept 2026 · Newspaper ad published about 17th AGM and dividend record date | compliance | minimal | — | — |
| 2 Sept 2026 · 17th AGM on Sep 24, 2026; Dividend of Rs 0.50 per share; Annual Report dispatch | compliance | minimal | — | — |
| 2 Sept 2026 · Record date set on Sep 18 for FY26 dividend and 17th AGM | corporate actions | high | — | — |
| 2 Sept 2026 · Record date fixed for dividend - 18 Sep 2026 | corporate actions | high | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.