Prataap Snacks Limited has announced its financial results for the second quarter of FY25, showcasing a modest increase in revenue but a sharp decline in net profit year-on-year. The company reported revenue from operations of Rs 439 crore for the quarter ended September 30, 2024, reflecting a growth of 1.9% compared to Rs 431 crore in the same period last year. However, net profit dropped by 63% to Rs 6.15 crore from Rs 16.5 crore in Q2 FY24.
Key Financial Highlights (Q2 FY25 vs Q2 FY24):
- Revenue from Operations: Rs 439 crore, up 1.9% from Rs 431 crore in Q2 FY24.
- Total Income: Rs 443.6 crore, representing a 1.9% increase from Rs 435.5 crore in the corresponding quarter of the previous year.
- Profit Before Exceptional Item and Tax: Rs 2.35 crore, down 89.8% from Rs 23.02 crore in Q2 FY24.
- Net Profit: Rs 6.15 crore, a decline of 63% from Rs 16.5 crore in Q2 FY24.
Operational Insights
The growth in revenue demonstrates Prataap Snacks’ resilience in the competitive FMCG sector. However, the significant drop in net profit underscores the challenges posed by rising costs, impacting the company’s profitability.
Exceptional Items
The company recorded an exceptional income of Rs 8.9 crore from an insurance claim related to a past fire incident, which contributed to its quarterly results.
Prataap Snacks remains focused on expanding within the snacks market, while actively managing financial pressures.
