Introduction:
FMCG stock saw a 2.3% decrease in total income for Q3 FY24, mainly due to a decline in other income. Despite higher expenses, the company faced an 81.5% reduction in net profit after tax, highlighting operational difficulties and escalating costs.
Share Price movement of Gopal Snacks:
On February 12, 2025, Gopal Snacks Ltd opened at ₹309.10, reaching a high of ₹317.00 and a low of ₹289.00, down 9% from its previous close of ₹320.80. Currently, it is trading at ₹316.00, with a market cap of ₹3,937.50 crore.
Gopal Snacks Q3 Results:
For the quarter ended 31st December 2024, Gopal Snacks Limited reported a decrease in total income, which fell by 2.3% from ₹4,038.28 crore in September 2024 to ₹3,943.00 crore in December 2024. This decline was driven by lower other income and operational revenue.
Expenses for the quarter increased slightly by 6%, rising from ₹3,649.93 crore in Q2 FY24 to ₹3,867.82 crore in Q3 FY24. Major contributors to this increase were employee benefits, finance costs, and depreciation, with a 9.8% increase in employee benefits expenses.
The net profit after tax (PAT) saw a sharp decline of 81.5%, dropping from ₹288.91 crore in Q2 FY24 to ₹53.19 crore in Q3 FY24. The significant QoQ decrease in profit was largely due to a reduction in operational efficiency and higher costs despite a rise in revenue.
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Stock performance of Gopal Snacks for Period of 1 week and 6 months:
Over the past week, the stock has dropped by 6.25%, reflecting short-term challenges. Over the past 6 months, it has experienced a modest decline of 4.21%, indicating a slight underperformance in the longer-term period as well.
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Shareholding pattern of Gopal Snacks:
| All values in % | Dec-24 | Sep-24 | Jun-24 |
| Promoters | 81.49 | 81.49 | 81.49 |
| FII | 1.64 | 2.26 | 2.2 |
| DII | 6.52 | 5.65 | 6.86 |
| Retail & others | 10.37 | 10.59 | 9.45 |
About Gopal Snacks:
Gopal Snacks is a leading FMCG company, known for producing a variety of packaged snacks. With a focus on quality and innovation, it caters to a diverse market, aiming to deliver premium products while maintaining strong brand value and customer loyalty.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
