Shares of Gopal Snacks Ltd fell 3.06% to trade at Rs 344 on Tuesday, November 11, after the FMCG company reported a sharp decline in its September quarter earnings for FY26. The stock slipped from its previous close of Rs 354.85, with a day range between Rs 337.10 and Rs 351.05, valuing the company at a market cap of Rs 42,340 crore.
In its Q2 FY26 results, Gopal Snacks reported a consolidated net profit of Rs 25.6 crore, down 11.1% from Rs 28.8 crore in the same quarter last year. The company attributed the drop to a fire incident at its Rajkot I manufacturing unit, which disrupted production and supply chain operations during the quarter.
Revenue from operations declined 6.7% YoY to Rs 375.6 crore, compared with Rs 402.6 crore in Q2 FY25. Meanwhile, EBITDA fell sharply by 48.3% to Rs 24.2 crore from Rs 46.8 crore a year earlier. The company’s operating margin contracted to 6.4% from 11.6%, impacted by lower capacity utilisation, higher palm oil import duties, and operational de-leverage.
Despite the setback, Gopal Snacks said it remains committed to long-term recovery, adding that trial production has begun at its new Modasa namkeen facility, which will serve as a major supply hub for its key product categories. The company also received an interim insurance payment of Rs 20 crore for the Rajkot fire-related damages during the quarter.
As of September 2025, Gopal Snacks had 858 active distributors, up from 828 last year, showing continued expansion across key markets.
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