Gopal Snacks Ltd
NSE:GOPAL
Gopal Snacks Ltd
Gopal Snacks Ltd is a IN-based company operating in industry. The company is headquartered in Rajkot, Gujarat. The company went IPO on 2024-03-14. Gopal Snacks Limited is an India-based fully integrated fast-moving consumer goods (FMCG) company. The firm manufactures ready-to-eat packaged snacks. The company offers a range of products, including ethnic namkeen, gathiya, wafers, snack pellets and other FMCG, including extruded products, noodles, spices and flour. Its brands include Gopal, which provides namkeen, gathiya, snack pellet, flour and spices; Cristos, which provides wafers; Shot Go, which provides noodles, and Cornigo, which provides extruder snacks. Its manufacturing plants are located in Rajkot, Nagpur and Modasa. The Modasa facility provides essential raw materials, such as potatoes. The Rajkot plant operates in three units constituting a main unit engaged in the production of finished goods; another one for papad, raw snack pellets, and spices and seasonings manufacturing (mainly for captive consumption, other than papad); and the third unit for chickpea flour/besan production (mainly for captive consumption).
Gopal Snacks Ltd is a IN-based company operating in industry. The company is headquartered in Rajkot, Gujarat. The company went IPO on 2024-03-14. Gopal Snacks Limited is an India-based fully integrated fast-moving consumer goods (FMCG) company. The firm manufactures ready-to-eat packaged snacks. The company offers a range of products, including ethnic namkeen, gathiya, wafers, snack pellets and other FMCG, including extruded products, noodles, spices and flour. Its brands include Gopal, which provides namkeen, gathiya, snack pellet, flour and spices; Cristos, which provides wafers; Shot Go, which provides noodles, and Cornigo, which provides extruder snacks. Its manufacturing plants are located in Rajkot, Nagpur and Modasa. The Modasa facility provides essential raw materials, such as potatoes. The Rajkot plant operates in three units constituting a main unit engaged in the production of finished goods; another one for papad, raw snack pellets, and spices and seasonings manufacturing (mainly for captive consumption, other than papad); and the third unit for chickpea flour/besan production (mainly for captive consumption).
Revenue Growth: Gopal Snacks posted Q3 FY26 revenue of INR 400.8 crores, up 6.7% sequentially, driven by strong Snack Pellets and Gathiya sales.
Margin Expansion: Gross margin improved to 27.6% (up 120 bps QoQ) and EBITDA margin rose to 7.6%, aided by better supply chain, reduced trade discounts, and stable raw material costs.
Production Recovery: The new Modasa facility is fully operational, stabilizing supply chain and reversing previous supply disruptions from the Rajkot fire.
Distribution Push: The company is expanding its network, targeting 250–300 new distributors in FY27, with a focus on both core and focus markets.
FY27 Guidance: Management forecasts FY27 revenue of INR 1,800–1,900 crores and aims for 8–9% EBITDA margin, with an exit rate near double digits.
Marketing Investment: Aggressive marketing campaigns (including Filmfare Awards partnership) and an INR 8 crore Q4 budget to boost brand visibility and drive growth.
Product Mix Shift: Expansion into higher-margin products and reduction in low-margin SKUs to further improve profitability.
Seasonal Outlook: Historically weaker Q4 is expected to match or slightly exceed Q3 revenue, reversing past trends.
