Prataap Snacks reports 87% rise in Q4 operating EBITDA, PAT up 3.2%

Prataap Snacks reported a 3.2% year-on-year (YoY) rise in its fourth-quarter net profit at ₹12.38 crore. Shares of the company were trading 0.26% higher on Tuesday afternoon.

Revenue from operations declined 3% YoY to ₹386.5 crore. Operating earnings before interest, tax, depreciation, and amortisation (EBITDA) rose 87% YoY to ₹35.45 crore during the quarter while EBITDA margin improved by 424 basis points to 9.1%.

For the full fiscal year 2024 (FY24), the net profit of the firm rose 162% to ₹53.12 crore. Revenue from operations fell 2% to ₹1,610.15 crore during the year. Operating EBITDA witnessed an increase of 126% to ₹141 crore while EBITDA margin improved 493 bps to 8.7% during the year.

The board of directors of the company has recommended a dividend of ₹2 per share.

Amit Kumat, managing director at Prataap Snacks said the company recently commissioned its facilities at Jammu and Rajkot which will enhance its local distribution reach and product range, respectively. “Further, we are working on initiatives to enhance our presence in modern trade, e-commerce and quick commerce channels which will complement our pan-India presence in traditional distribution channels. We look ahead to FY25 with optimism given the initial signs of an uptick in rural demand and we are confident that our multiple initiatives will lead to accelerated growth,” he said.

Prataap Snacks is a snacks food company that offers multiple variants of products across categories of potato chips, extruded snacks, namkeen and sweet snacks under the Yellow Diamond and Avadh brands. Its products are present across 27 states and four union territories in India.

The firm is headquartered in Indore and operates 15 manufacturing facilities of which eight are owned and seven are on a contract-manufacturing basis.

Shares of the company have lost nearly 23% since the beginning of the year. The stock has gained over 13% in the last one year.