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Prataap Snacks Results: Latest Quarterly Results & Analysis

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Prataap Snacks Ltd. 05 Nov 2025 12:58 PM
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Q2FY26 Quarterly Result Announced for Prataap Snacks Ltd.

Packaged Foods company Prataap Snacks announced Q2FY26 results

  • Income from operations of Rs 4,298 million, an increase of 5% over Q1FY26.
  • Operating EBITDA of Rs 229 million, higher by 27% compared to Rs 180 million in Q1FY26.
  • EBITDA margin improves from 4.4% in Q1FY26 to 5.3% in Q2FY26, an increase of 92 basis points.
  • PAT of Rs 41.4 million compared to Rs 6.9 million in Q1FY26, higher by 500% on a QoQ basis.
  • EPS (Diluted) stood at Rs 1.94 per share an increase of 569% on a QoQ basis.

Amit Kumat, MD, Prataap Snacks, said: “We have navigated the second quarter with resilience amid a demand environment that continues to be challenging. Revenues for Q2FY26 of Rs 4,298 million were higher by 5% on a QoQ basis. However, Q2 revenues reflect a modest decline on a year-on-year basis, primarily due to impact from GST transition. While categories such as Rings and smaller price-point packs of chips have seen some softness, our namkeen and pellet categories have held steady and continue to contribute positively to the topline.

Despite these headwinds, we are pleased to report an increase in EBITDA by 27% and 20% on a QoQ and YoY basis respectively. Despite adverse variance in key input prices over the respective prior periods, interventions such as ongoing process optimization initiatives, and grammage rationalization have enabled an improvement in EBITDA margin. We are planning to set up a new, modern facility at Indore with greater degree of automation which will enable us to better streamline production and significantly reduce overheads, further optimising cost of production and structurally enhancing the margin profile.

On the distribution front, we continue to execute our strategy with focus and discipline. While overall distribution coverage has increased marginally, our efforts to strengthen emerging channels are paying off—quick-commerce has delivered the strongest traction among new platforms, followed by modern trade, while exports continue to build gradually.

Favourable macroeconomic conditions - including stable inflation, lower interest and tax rates, and the GST rationalisation - are driving a broad-based recovery in consumption. We are confident that this improved external environment, combined with the multiple internal initiatives we are implementing, will translate into accelerated topline growth and enhanced profitability. We believe these outcomes will be visible in the second half itself, driven by initiatives with near-term impact, and will further strengthen over time as medium- to long-term measures take effect.”

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Packaged Foods company Prataap Snacks announced Q1FY26 results

  • Income from operations of Rs 4,089.4 million, an increase of 3% over Q4FY25
  • Operating EBITDA of Rs 180.1 million, higher by 3.7x compared to Rs 49.2 million in Q4FY25
  • PAT of Rs 6.9 million compared to loss of Rs (119.4) million in Q4FY25
  • EPS (Diluted) stood at Rs 0.29 per share

Amit Kumat – MD, Prataap Snacks said:  “We are pleased to report a positive start to the financial year with Q1FY26 revenues of Rs 4,089.4 million., reflecting 3% growth on a sequential quarter basis. On a year-on-year basis, revenues experienced a decline of 2.4%, primarily due to persistent macroeconomic challenges impacting overall consumption in lower income groups. However, we are encouraged by a noticeable improvement in demand trends towards the latter half of the quarter, signaling improved market sentiment towards discretionary spends.

Encouragingly, we have also witnessed an improvement in margin, primarily driven by the decline in input prices and supported by the positive impact of ongoing initiatives of grammage rationalization and process enhancement.

From a product perspective, our pellet and namkeen categories have been the cornerstone of our topline growth this quarter. We have expanded the reach of these products, increasing availability across key touchpoints. Furthermore, we are excited to announce the launch of new namkeen SKUs, including Bhunja and Kasturi, tailored to resonate with consumer preferences in the eastern region. These innovations are poised to strengthen our market penetration and drive incremental growth in these high-potential markets.

While inflationary pressures continue to pose challenges to consumption, early indicators suggest a gradual recovery in demand. The timely onset of the monsoon is expected to bolster rural economic activity, a critical driver for our industry. With a positive performance in Q1FY26, we are optimistic about sustaining this momentum through the remainder of the financial year. Our strategic focus on innovation, operational excellence, market expansion supported by greater integration of technology positions us well to capitalize on emerging opportunities and deliver sustainable value to our stakeholders.”

Result PDF

Packaged Foods company Prataap Snacks announced Q4FY25 & FY25 results

Q4FY25 Financial Highlights:

  • Income from operations of Rs 4,006 million, change 3% YoY.
  • Operating EBITDA of Rs 49 million.
  • PAT of Rs (119) million.

FY25 Financial Highlights:

  • Income from operations of Rs 17,077 million, change 6% YOY.
  • Operating EBITDA of Rs 487 million.
  • PAT of Rs (140) million.
  • The Board of Directors has proposed a dividend of 10% per share on a face value of Rs 5 each, translating to Rs 0.50 per share.

Amit Kumat, MD, Prataap Snacks, said. “In FY25, we witnessed sustained inflationary pressures and weak consumption trends which have impacted demand for consumer products. The impact is more visible in the value segment. Given this backdrop, we are pleased to report positive revenue growth of 6% YoY for FY25 and 3% YoY in Q4FY25. Topline growth in Q4 would have been slightly higher, but for some lost sales due to the fire in our Jammu facility. We have enhanced capacities at other facilities located in North India towards end of the quarter. Our sharpened focus on core markets, data-driven sales strategies, and expanded distribution have been key enablers of the topline growth. In addition to witnessing encouraging trends in market share, we are pleased that our leadership in extruded snacks remains intact.

During the year, we witnessed a sharp rise in input costs, especially palm oil and potatoes with other inputs also witnessing inflationary pressures. Our ongoing cost optimization initiatives delivered meaningful impact, easing some part of the margin pressures. As input prices eased slightly towards the end of the fiscal, we reported improved profitability in Q4 over Q3. Despite a challenging year, we have delivered a positive cash profit and improved working capital further. As a result, we continue to maintain a robust financial position with healthy levels of free cash. The Board has recommended a dividend of 10% of face value for the year, reinforcing our commitment towards creating value for shareholders.

Over the year, we executed several strategic initiatives aimed at strengthening the foundation for sustained future growth. Our market segmentation framework will enable sharper, market-specific execution and more efficient resource allocation along with distribution augmentation. Comprehensive cost optimization efforts, including detailed benchmarking of manufacturing processes and operational efficiencies, are set to enhance competitiveness further by providing additional levers to structurally elevate margins.

Looking ahead to FY26, our focus will be to drive sustainable profitable growth through sharper cost control, distribution expansion, and technology-led governance. With the strong foundation built in FY25 and a clear strategic roadmap ahead, we are confident in our ability to deliver enhanced value to all stakeholders in the coming years.”

Result PDF

Packaged Foods company Prataap Snacks announced Q3FY25 results

Q3FY25 Financial Highlights:

  • Income from operations of Rs 4,426.9 million.
  • Operating EBITDA of Rs (54.2) million.
  • PAT of Rs -147.3 million.
  • EPS (Diluted) stood at Rs -6.17 per share.

Amit Kumat – MD, Prataap Snacks, said: “In a backdrop of persistent inflationary trends and sluggish consumer demand, we are pleased to report revenue growth of 9% on YoY basis. There has been improved demand in rural markets, even as urban markets remained subdued. Sales growth has been driven by a combination of expansion into new touchpoints as well as initiatives to optimize sales efforts at existing touchpoints and territories through enhanced efficiencies. Additionally, we formally commenced exports in Q3 with the shipment of initial batches.

The third quarter witnessed continued increase in raw material prices, as anticipated, particularly for key ingredients such as palm oil and potato. Apart from the price rise, the reinstatement of import duties on crude and refined palm oil has contributed to the sharp increase in raw material costs in the current quarter. To mitigate these challenges, we implemented several measures, including recipe adjustments, process reengineering, grammage & trade margin optimization which have helped to partially offset the impact of rising costs. We have also recognized an exceptional loss this quarter, due to the fire at our Jammu facility. However, we maintained operational continuity at proximate markets by ramping up production at our Hisar and Karnal facilities.

Our focus will be to drive topline growth through implementation of measures such as distribution expansion, range selling and Sales Force Automation with emphasis on regions where we enjoy a strong market share. We are undertaking efforts to enrich margins in a structural manner by aggressively optimising costs, introducing products to aid premiumization and driving growth in exports. We are confident that the combination of these measures will help us to realise accretive value in the quarters ahead.”

Result PDF

Packaged Foods company Prataap Snacks announced H1FY25 & Q2FY25 results

Q2FY25 Financial Highlights:

  • Revenue from operations of Rs 4,411 million.
  • Operating EBITDA of Rs 192 million with margin at 4.3%.
  • PAT of Rs 62 million.
  • EPS (Diluted) stood at Rs 2.58 per share.

H1FY25 Financial Highlights:

  • Revenue from operations of Rs 8,625 million.
  • Operating EBITDA of Rs 492 million with margin at 5.7%.
  • PAT of Rs 156 million.
  • EPS (Diluted) stood at Rs 6.52 per share.

Amit Kumat – MD, Prataap Snacks, said: “We delivered a resilient performance in Q2FY25, reporting revenue from operations of Rs 4,411 million, despite navigating significant inflationary pressures that have affected consumption trends across the country. Even as volumes of MRP Rs 5 packs have been under stress this quarter on an industry-wide basis, we have reported higher volumes in this price point which represents a significant proportion of overall volumes. Another highlight for this quarter is the strong growth in the pellet snacks category.

The business faced broad-based input cost pressures this quarter, with steep increases in prices for key ingredients such as potatoes, wheat, and gram. In response, we have implemented measures like grammage reduction and trade margin adjustments to enhance realizations which has helped us to partially mitigate the impact this quarter. Consequently, EBITDA for the quarter stood at Rs 192 million, with the EBITDA margin contracting to 4.3%. However, with input prices, especially palm oil, indicating further rise in Q3FY25 we are implementing additional cost-reduction and process-optimization initiatives.

We are proactively implementing strategies to drive growth. Exports have been initiated in Q2 and initial batches will be dispatched in the third quarter. Products have been on boarded onto a quick commerce platform in Q2 with further platforms set to be added in Q3 enabling expanded distribution. These actions, combined with signs of improving rural demand and favourable seasonality trends in the second half of the fiscal year, are expected to support volume growth.

In September 2024, our private equity investor, Peak XV Partners (formerly Sequoia Capital), exited their 47% stake in Prataap Snacks Ltd., achieving a manifold return on the original investment. We extend our sincere gratitude for their support and trust in Prataap Snacks, acknowledging their invaluable role in scaling our business, enhancing corporate practices, and shaping company culture over the past 13 years. The stake has been acquired by Authum Group and Ms. Mahi Madhusudhan Kela, who have also launched an open offer in compliance with regulatory requirements, which is currently underway. We will seek to build a collaborative partnership with the new shareholders that further enriches Prataap’s position and strategic depth, with the objective of generating even greater value creation for all stakeholders in the years ahead.”

Result PDF

Packaged Foods company Prataap Snacks announced Q1FY25 results:

  • Revenue from operations of Rs 4,214.4 million
  • Operating EBITDA of Rs 300.3 million with margin at 7.1%
  • PAT of Rs 94.4 million
  • EPS (Diluted) stood at Rs 3.95 per share
  • RoCE (annualized) of 9.1%, of which RoCE from the Yellow Diamond* salty snacks business is 15.3%

Commenting on the Q1FY25 performance, Amit Kumat – MD, Prataap Snacks said. “We are pleased to report a positive start to FY25 as we reported revenues of Rs 4,214.4 million in Q1FY25, higher by 8.7% YoY. There are initial signs of improvement in consumer demand and easing of macro-economic pressures this quarter. Further, our strategic actions of enhancing range selling and implementing Sales Force Automation (SFA) are key drivers of this performance. A key highlight has been the continued strong growth in the categories of Namkeen and Pellets.

We have reported an EBITDA of Rs 300.3 million in Q1FY25, which represents the 6th consecutive quarter of EBITDA in excess of Rs 300 million. EBITDA has been impacted by the sharp rise in potato prices this season. We are working on measures such as cost optimization, grammage rationalization and recalibration of channel margins in order to mitigate the impact of higher potato prices.

New Facilities launched in Q4 FY24 have stabilized this quarter and will see increased utilization in the coming quarters. We are also making progress on initiatives such as new product development and exports. We have appointed a strategic consultant to undertake a comprehensive transformation program in order to build upon the success of recent years. This program is focused towards improvement in revenue, operational efficiency, cost optimization and distribution enhancement. These initiatives coupled with an abundant monsoon and signs of improving consumer demand provide us optimism for the quarters ahead.”

Result PDF

Packaged Foods company Prataap Snacks announced Q4FY23 & FY23 results:

  • Q4FY23:
    • Sales/Income from Operations of Rs 3,979.10 million, registering a growth of 11% YoY
    • Adjusted Operating EBITDA of Rs 301.9 million, translating to a margin of 7.6%
    • Q4FY23 Adjusted EBITDA margin is the highest in the last 12 quarters
    • Reported PAT of Rs 216.1 million
    • Reported EPS (Diluted) of Rs 9.06 per share
  • FY23:
    • Sales / Income from Operations of Rs 16,417.1 million, registering growth of 19% YoY
    • Operating EBITDA of Rs 624.3 million, translating to a margin of 3.8%
    • PAT stood at Rs 202.9 million
    • EPS (Diluted) stood at Rs 8.51 per share
    • The Board of Directors has recommended a dividend of 20% equating to Re 1 per share (face value of Rs 5.0 per share)

Commenting on the Q4FY23 & FY23 performance, Amit Kumat – MD, Prataap Snacks said. “We have ended FY23 with sales of Rs 16,417.1 million, higher by 19% YoY. We are pleased to report our second successive year of strong revenue growth after covid disruption elevating us to our highest-ever annual revenue. This has been achieved by the expansion of our average distribution reach by nearly 1.6 lakh outlets over the last financial year to 21.8 lakh outlets (Source: Nielsen) across the country.

Revenues in the fourth quarter have been impacted by softer consumer demand due to sustained inflationary pressures and sluggish rural activities. As a result, we couldn’t meet the threshold revenue required to qualify for the production-linked incentive this year. Hence, PLI recognised on an accrual basis in Q1 to Q3 this year has been reversed in Q4, impacting the reported EBITDA.

The silver lining has been the improvement in EBITDA margin (adjusted for PLI reversal). Adjusted EBITDA of Rs 301.9 million in Q4 FY23 was higher by 511% YoY and the margin has improved by 620 basis points from 1.4% in Q4FY22 to 7.6% in Q4FY23, which is the highest in the last 12 quarters. This improvement has been driven by our compressed distribution structure, cost optimization measures and cooling of input prices, setting the tone for an improved margin performance in the next fiscal year.”

 

Result PDF

Prataap Snacks announced Q3FY23 results:

  • Q3FY23:
    • Revenue of Rs 4,264.50 million, registering growth of 11% YoY.
    • Operating EBITDA of Rs 233.9 million, translating to a margin of 5.5%.
    • PAT stood at Rs 58.2 million.
    • EPS (Diluted) stood at Rs 2.48 per share.
  • 9MFY23:
    • Revenue of Rs 12,663.1 million, registering growth of 22% YoY.
    • Operating EBITDA of Rs 435.2 million, translating to a margin of 3.4%.
    • PAT stood at Rs (13.2) million.
    • EPS (Diluted) stood at Rs (0.56) per share.

Commenting on the Q3 & 9MFY23 performance, Amit Kumat, MD, Prataap Snacks Limited, said: “We are pleased to report sustained growth with revenues higher by 11% YoY in Q3 and by 22% YoY on a YTD basis. We continue to enhance our distribution network through the addition of touch points in focus markets as well as by optimising the existing network through better efficiency.

Our subsidiary Avadh continued to report strong revenue growth. The EBITDA margin improved to 12% for the quarter, surpassing the margin performance of the parent company.

We have witnessed softening of palm oil prices as well as a reduction in the prices of some other inputs. Benefits from the easing of input prices will fully accrue in ensuing quarters and we anticipate a further positive impact on the EBITDA margin going ahead.

We have commenced production at the Kolkata facility this quarter and this will optimize our distribution in the region. Plans for the Jammu facility are progressing well as the land acquisition has been completed and orders for machinery have been placed. We maintain an optimistic outlook for both revenue growth and enhanced profitability"

 

Result PDF

FMCG company Prataap Snacks announced Q2FY23 results:

  • Q2FY23:
    • Revenue of Rs. 4,572.8 million, registering a growth of 23.4% YoY
    • Operating EBITDA of Rs. 220.9 million, translating to a margin of 4.8%
    • PAT stood at Rs. 42.4 million
    • EPS (Diluted) stood at Rs. 1.81 per share
  • H1FY23:
    • Revenue of Rs. 8,398.6 million, registering a growth of 29.2% YoY
    • Operating EBITDA of Rs. 201.4 million, translating to a margin of 2.4%
    • PAT stood at Rs. (71.5) million
    • EPS (Diluted) stood at Rs. (3.05) per share

Commenting on the Q2 &H1 FY23 performance, Mr. Amit Kumat – MD, Prataap Snacks Limited said. “We are delighted to report a strong performance with revenues higher by 23% YoY in Q2 and by 29% YoY for the half year. The improvement in overall activity levels supported by resilient consumption patterns has led to higher demand. Our efforts to expand our network through the addition of new distributors and more retail touchpoints combined with optimising existing distribution strength have also contributed to the growth momentum. We have added 25 vehicles to our fleet in the last 6 months which has also aided in better distribution efficiency.

We are also pleased to share that our subsidiary Avadh has also delivered strong revenue growth on a YoY basis accompanied by an EBITDA margin of 8.7% for the quarter, surpassing the margin performance of the parent company.

This quarter, we witnessed the initial impact of softening of palm oil prices leading to improved profitability. The commodity cycle has started to ease out and as we move ahead, we anticipate a higher positive impact on the EBITDA margin from reducing input prices. The initiative of direct distribution has led to the compression of our distribution layers leading to a structural improvement in the EBITDA margin.

Lastly, we are excited about our plan to further increase our manufacturing footprint by setting up a facility in the Jammu region. This will enable us to better serve markets in North India. In the backdrop of multiple tailwinds, the outlook is bright for both revenue growth and enhanced profitability.”

Result PDF

Prataap Snacks announced Q1FY23 results:

  • Revenue of Rs. 3,825.7 million, registering growth of 37% yoy
  • Operating EBITDA of Rs. (19.5) million, translating to a margin of (0.5)%
  • PAT stood at Rs. (113.9) million
  • EPS (Diluted) stood at Rs. (4.86) per share

Commenting on the Q1 FY23 performance, Mr. Amit Kumat – MD, Prataap Snacks Limited said. “We are pleased to start FY23 on a strong note with robust revenue growth of 37% YoY in the first quarter. This has been driven by a steady uptick in consumption as well as the calibrated expansion in our distribution network. After two challenging years, this year starts with a more steady local backdrop characterised by the normalisation of activity levels and demand across our retail touchpoints.

Operationally, the sharp inflation in the prices of key raw materials especially palm oil have exerted significant pressure on profitability. Our continued efforts of cost optimization, gradual implementation of the direct distribution model, better price realisation and grammage rationalization helped restrict the impact on our margins. These process improvements and structural changes undertaken, have positioned us towards an elevated margin profile, once we revert towards a normalised raw material environment.

In recent weeks, there has been a reversal in commodity prices from the unusually elevated levels witnessed during Q1. This will favourably impact the economics of our business enabling us to improve margins and overall profitability. Combined with the strong sales momentum being witnessed, the outlook is favourable in terms of sustained growth as well as improved profitability. We are striving to build on this further in the quarters ahead.”

 

Result PDF

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