Prataap Snacks Q4 FY26 results: net profit ₹1.14 crore vs ₹11.94 crore loss, revenue up 4.9%

How did Prataap Snacks perform in Q4 FY26?

Prataap Snacks reported standalone revenue of ₹420.18 crore for Q4 FY26, up ₹19.60 crore or 4.9% from ₹400.58 crore in Q4 FY25. EBITDA rose ₹15.67 crore or 318.5% to ₹20.59 crore, and EBITDA margin improved 3.7 percentage points to 4.9% from 1.2%. Profit before tax was ₹3.81 crore, compared with a net loss of ₹11.02 crore in the year-ago quarter.

The company returned to quarterly profit in Q4 FY26, reporting a net profit of ₹1.14 crore and EPS of ₹0.48. These compare with a net loss of ₹11.94 crore and EPS of -₹5.00 in Q4 FY25. Sequentially, revenue fell ₹41.40 crore or 9.0% from ₹461.58 crore in Q3 FY26, while EBITDA rose ₹0.29 crore or 1.4% to ₹20.59 crore and margin increased 0.5 percentage points to 4.9% from 4.4%. Net profit fell ₹2.11 crore or 64.9% to ₹1.14 crore, and EPS fell ₹0.88 or 64.7% to ₹0.48.

The reported figures are standalone. The company’s press release also gave an income-from-operations figure of ₹420.18 crore for the quarter, while its full-year presentation showed ₹1,725 crore for FY26.

What changed in Prataap Snacks' costs and profit?

Against Q4 FY25, cost of materials fell ₹9.06 crore or 3.0% to ₹288.36 crore, while finance costs fell ₹0.61 crore or 33.0% to ₹1.24 crore and other expenses fell ₹0.26 crore or 0.3% to ₹77.74 crore. Employee cost rose ₹2.70 crore or 14.0% to ₹22.02 crore, and depreciation rose ₹0.50 crore or 3.1% to ₹16.88 crore. Total expenses rose ₹3.82 crore or 0.9% to ₹417.71 crore.

Other income fell ₹0.95 crore or 41.5% to ₹1.34 crore, and tax rose ₹1.75 crore or 190.2% to ₹2.67 crore. There was no exceptional item in Q4 FY26, while Q4 FY25 also had no exceptional item. The figures show that lower material, finance and other expenses supported EBITDA, while higher tax limited the improvement in net profit.

Sequentially, total expenses fell ₹41.19 crore or 9.0% to ₹417.71 crore. Cost of materials fell ₹36.49 crore or 11.2% and other expenses fell ₹13.65 crore or 14.9%, while employee cost rose ₹3.15 crore or 16.7% and depreciation rose ₹0.51 crore or 3.1%. Q3 FY26 included an exceptional charge of ₹2.35 crore, whereas Q4 FY26 had no exceptional item. Other income fell ₹1.46 crore or 52.1% to ₹1.34 crore, and tax rose ₹2.79 crore to ₹2.67 crore.

Management said the improved year-on-year and sequential margins were enabled by favourable trends in certain input costs, along with operating-efficiency initiatives and disciplined cost management. It also said productivity-led gains, a deeper technology footprint, distribution expansion and stronger presence across emerging channels supported revenue growth.

How did Prataap Snacks do in FY26 as a whole?

For FY26, standalone revenue was ₹1,724.65 crore, up ₹16.95 crore or 1.0% from ₹1,707.70 crore in FY25. Total income rose ₹15.71 crore or 0.9% to ₹1,733.07 crore from ₹1,717.36 crore. The company reported FY26 operating EBITDA of ₹818.1 crore in its press release, an increase of 68% from FY25.

Full-year profit before tax was ₹15.17 crore in FY26, compared with a net loss of ₹43.05 crore in FY25. Net profit was ₹9.72 crore in FY26, compared with a net loss of ₹34.27 crore in FY25, while EPS was ₹4.07 against -₹14.36. The company therefore returned to full-year profitability.

What do the balance sheet and cash flow show?

At 31 March 2026, standalone total assets were ₹927.47 crore, compared with ₹916.04 crore at 30 September 2025, and total equity was ₹699.68 crore versus ₹695.04 crore. Borrowings fell to ₹14.0 crore from ₹16.0 crore, while cash rose to ₹32.88 crore from ₹28.34 crore. Inventories were ₹129.66 crore compared with ₹129.97 crore; trade receivables fell to ₹23.05 crore from ₹28.36 crore, and trade payables rose to ₹111.11 crore from ₹106.46 crore.

For FY26, operating cash flow was ₹50.47 crore, compared with ₹26.09 crore in FY25. Investing cash flow was ₹27.17 crore against a net outflow of ₹29.81 crore, while financing cash flow was a net outflow of ₹55.92 crore compared with ₹14.94 crore. Capital expenditure was ₹19.92 crore in FY26, compared with ₹40.20 crore in FY25.

How has Prataap Snacks done over the last 8 quarters?

Revenue reached its highest level of the last eight quarters at ₹461.58 crore in Q3 FY26 before falling to ₹420.18 crore in Q4 FY26. It had bottomed at ₹400.58 crore in Q4 FY25. Prataap Snacks has recorded year-on-year revenue growth in each of the last two quarters. The latest quarter nevertheless remained above Q4 FY25 revenue of ₹400.58 crore.

Quarterly profit bottomed at a net loss of ₹37.93 crore in Q3 FY25 and then remained positive through Q4 FY26, when net profit was ₹1.14 crore. EBITDA margin bottomed at -1.2% in Q3 FY25, reached 5.3% in Q2 FY26, eased to 4.4% in Q3 FY26 and rose to 4.9% in Q4 FY26. The current direction was therefore higher margin and positive profit after two quarters of sequential profit decline.

What else did the company announce?

The board approved the audited financial results for Q4 and FY26 and recommended a final dividend of ₹0.50 per share, equal to 10% on equity shares of face value of ₹5.00 each. The dividend is subject to shareholder approval at the forthcoming AGM and other required approvals; the record date was to be intimated separately. The board also approved the allotment of 6,981 equity shares of face value of ₹5 each to eligible employees under the Prataap Employees Stock Appreciation Rights Plan 2018.

Prataap Snacks filed its Q4 and FY26 earnings presentation on 28 April 2026. The presentation stated that the company had 14 manufacturing facilities, six owned and eight third-party facilities, and a distribution network of more than 5,000 super and sub-distributors. The statutory auditor issued an unmodified opinion on the annual financial results. No fund raise or senior management appointment was disclosed in the same-day filings.

How did Prataap Snacks shares react?

The filing appeared after market hours. Prataap Snacks was down 0.2% after five minutes, 0.2% after 15 minutes and 0.1% after 30 minutes. On the reaction day, the stock closed 1.9% above its pre-results close. By the next day’s close, it was up 0.5% from that pre-results close, and by the fifth day’s close it was also up 0.5%.

On the reaction day, the median move for other Packaged Foods stocks was -0.2%, so Prataap Snacks outperformed the industry median by 2.1 percentage points. By the next day’s close, its 0.5% gain was 0.4 percentage points above the industry median move of 0.1%; by the fifth day’s close, it was 0.4 percentage points below the industry median move of 0.9%. Earlier results-day moves included -3.1% on 4 November 2025 and 3.6% on 25 July 2025.

How did other Packaged Foods companies do?

Thirty-three other Packaged Foods companies were compared for revenue growth, and the median revenue growth was 17.5%. Of the peers for which growth was compared, 11 grew more slowly than Prataap Snacks and 22 grew faster. Eighteen of the 34 peers reported higher profit.