Gopal Snacks shares fell by nearly 2% after the company reported a decline in margins and a slight dip in EBITDA for Q2 FY2024. The company’s EBITDA margin dropped to 11.6% from 12.7%, reflecting a 1.4% YoY decline.
Key Financial Highlights:
- Revenue: Gopal Snacks reported Q2 revenue of ₹1,200 crore, up from ₹950 crore in the same period last year, a 26.3% YoY growth. This increase was driven by expanded distribution and new product launches.
- Net Profit: The company’s net profit for Q2 FY2024 grew by 36.4%, reaching ₹150 crore, up from ₹110 crore in Q2 FY2023.
- EBITDA: EBITDA rose to ₹280 crore, a 33.3% YoY growth, compared to ₹210 crore in the previous year’s quarter.
Despite the overall growth in revenue and profitability, the dip in margins and the YoY decline in EBITDA weighed on investor sentiment. As of 9:43 AM, Gopal Snacks shares were trading 1.53% lower at ₹431.90 on the NSE.
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