Company Overview

Gopal Snacks Limited (BSE: 544140, NSE: GOPAL) reported its FY26 annual results through regulatory filings pursuant to SEBI Listing Regulations. The company manufactures ready-to-eat namkeens, snack pallets, corn products, potato chips, and other food products.

Financial Performance Highlights

  • Revenue from Operations: ₹1,508.26 crore (2.7% growth from FY25 ₹1,468.02 crore)
  • PAT: ₹73.7 crore with margin of 4.9% (280% increase from FY25 ₹19.0 crore)
  • EBITDA: ₹101.3 crore with margin of 6.7% (FY25: ₹105.2 crore, 7.2%)
  • Cash Flow from Operations: ₹46.4 crore (FY25: ₹68.3 crore)
  • Borrowings: Increased to ₹154 crore (FY25: ₹66 crore) to support expansion
  • Basic EPS: ₹5.91 (FY25: ₹1.52)

Fire Incident and Recovery Update

The company experienced a significant fire at its Rajkot manufacturing facility on December 11, 2024, causing damage to property, plant, equipment, and inventory. Key recovery actions:

  • Insurance Settlements: Received ₹37.49 crore in interim payments against claims
  • Capacity Restoration: Commissioned Modasa facility with 63,085 MT capacity and operationalized Gondal facility
  • Exceptional Items: Recognized ₹39.3 crore gain in FY26 (versus ₹47.2 crore loss in FY25)
  • Rajkot Recommissioning: Completed rebuilding with installed capacity of 105,233 MT

Dividend Declaration and Capital Structure

The Board declared three interim dividends during FY25-26:

  • First interim: ₹0.25 per share (November 2025)
  • Second interim: ₹0.35 per share (January 2026)
  • Third interim: ₹0.40 per share (May 2026)
  • Total dividend: ₹1.00 per share aggregating ₹12.47 crore
  • Paid-up Capital: ₹12.46 crore (12.46 crore equity shares)

Management Reappointment Proposal

The Board approved re-appointment of Mr. Bipinbhai Vithalbhai Hadvani as Chairman and Managing Director for 5 years from October 1, 2026 to September 30, 2031, with proposed remuneration of ₹2.25 crore per annum.

Operational Metrics and Distribution

  • Manufacturing Capacity: 375,591 MT across 6 facilities
  • Product Portfolio: 98 products across 347 SKUs in 9 categories
  • Distribution Network: 953 distributors covering 13 states and 2 union territories
  • Retail Touchpoints: 400,000+ retail outlets
  • Employee Strength: 4,115 total employees

Auditor Reports and Compliance

Statutory Auditors: Maheshwari & Co. issued unqualified audit report with key observations:

  • No material discrepancies in physical verification of assets
  • Company granted employee loans aggregating ₹6.64 million
  • No defaults in repayment of loans or borrowings
  • Adequate internal financial controls maintained
  • Contingent Liabilities: ₹81.42 crore in disputed GST liabilities under various proceedings

Corporate Governance and CSR

  • Board Composition: 8 directors with 50% independent directors
  • CSR Expenditure: ₹2.26 crore allocated, primarily supporting child health programs
  • Compliance: No material regulatory non-compliances or significant orders

Forward-looking Statements

The report contains forward-looking statements subject to risks including raw material price volatility, competitive intensity, regulatory changes, and economic conditions. The company has risk management frameworks to address these challenges.