Prataap Snack shares rally 18% after ₹36 crore block deal

₹36 crore block deal

Stallion Assets on December 19 bought 3,69,312 stocks of the snack food company for an average price of ₹965.05. Bandhan Mutual Funds sold 3,94,885 shares for an offer price of ₹965.05.

As of September 31, Stallion Assets held a 1.7% stake in Prataap Snacks.

Past stock performance

The scrip closed in the green at ₹1,088.15, up 11.30% on the National Stock Exchange (NSE).

The stock rose 8.19% over the past five days and climbed 4.67% over the past one month.

While the share rallied 23.69% over six months, it sank 3.01% on a year-to-date basis.

As of December 20, 2024, the company had a total market capitalisation of ₹2,619.51 crore, according to the NSE.

Profit dropped 63% in Q2

Prataap Snacks reported a 62.7% year-on-year decline in its profit which fell to ₹6.15 crore in the quarter ended September of the 2024-25 fiscal as compared to ₹16.52 crore it reported in the year-ago period.

However, its revenue increased by 1.7% to ₹438.75 crore in Q2FY25 from ₹431.47 crore in the same period last year.

"The business faced broad-based input cost pressures this quarter, with steep increases in prices for key ingredients such as potatoes, wheat, and gram. In response, we have implemented measures like grammage reduction and trade margin adjustments to enhance realizations which has helped us to partially mitigate the impact this quarter," the Managing Director of Prataap Snacks had said.

About the company

Prataap Snacks Ltd is an Indian company operating in the snacks food segment. It offers various products like potato chips, namkeens including extruded snacks, pellets and traditional Indian namkeen, under the brand names, Yellow Diamond and Avadh. It provides sweet snacks under the Rich Feast Brand.