Risk Intelligence
Raw Material Inflation Impact on Margins
View Risks →Gopal Snacks reported a strong Q4 FY26 with revenue of ₹409.6 crore, up 29% YoY, driven by improved product availability, stabilization of the Modasa facility, and distribution expansion (953 distributors vs 884 in Q3).
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Gopal Snacks reported a strong Q4 FY26 with revenue of ₹409.6 crore, up 29% YoY, driven by improved product availability, stabilization of the Modasa facility, and distribution expansion (953 distributors vs 884 in Q3). EBITDA margin improved to 7.7% aided by operating leverage and stable input costs. PAT stood at ₹29.9 crore. Management guided for FY27 revenue delta of ₹330-350 crore and EBITDA margin of 8-9%, with exit rate near double digits. Key growth drivers include double-service beat coverage expansion in Gujarat, 250 new distributor additions, and ramp-up of the Rajkot facility. Risks include raw material inflation (palm oil, packaging up 15-20%) and potential El Niño impact on rural demand in H2.
Raw Material Inflation Impact on Margins
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Read Transcript →Distribution network expanded from 884 in Q3 to 953 in Q4, supporting market reach.
Percentage of beats serviced twice a week in Gujarat increased from 24% in Q3 to 29% in Q4.
UP monthly sales run rate improved to ₹6.5 crore in Q4, with H2 growing 26% over H1.
New products contributed ₹63 crore in FY26, with ~₹50 crore incremental from popcorn and kaju biscuit.
Management expects incremental revenue of ₹330-350 crore in FY27, driven by Gujarat (₹170-180 crore), focus states (₹125-130 crore), and other chan...
Palm oil and packaging costs have risen 15-20%, impacting input costs by ~4.5%.
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