Gopal Snacks shares fall nearly 4% after poor Q1 results

By Aditya Bhagchandani Published on July 19, 2024, 10:46 IST

Shares of Gopal Snacks fell nearly 4% on Thursday after the company reported disappointing first-quarter results. The EBITDA declined by 16%, with margins falling to 11.5% from 15.3% in the previous quarter.

The company’s net profit dropped 14.32% to Rs 24.30 crore in the quarter ended June 2024, compared to Rs 28.36 crore during the same period last year. Despite this, sales rose by 9.73% to Rs 349.48 crore, up from Rs 318.48 crore in the previous year’s quarter.

As of 10:40 AM, the shares were trading 3.65% lower at ₹330.00 on the NSE.

Aditya Bhagchandani

Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.