Gopal Snacks Ltd — Q4 FY26 earnings call
Summary generated by AI from the official transcript Gopal Snacks Ltd filed with BSE on 16 May 2026. Every statement cites a verbatim quote from that document — open any citation to read it. This is a record of what management said, not a recommendation. How we check these summaries
The short read
Gopal Snacks reported Q4 FY26 revenue from operations of Rs. 409.6 crores, up 29% year-on-year, and full year FY26 revenue of Rs. 1508.2 crores, up 2.7% over FY25. Management attributed the quarter's performance to improved product availability, stable demand and the ramp-up of the Modasa facility, alongside the recommissioning of the Rajkot plant announced during the quarter. The company also disclosed receipt of Rs. 17.5 crores of additional insurance proceeds during the quarter, taking total FY26 insurance receipts to approximately Rs. 37.4 crores, with further recovery expected.
1 statement from this call is not shown because its supporting quote could not be reproduced within our quoting limits. Nothing shown here is affected: every statement on this page carries its verified quote.
Numbers mentioned
Revenue from operations: Rs. 409.6 crores (Q4 FY26)
p. 3
“During the quarter, we reported revenue from operations of Rs. 409.6 crores, reflecting 29% growth on a YOY basis.”
Naveen Gupta, page 3 of the filed PDF · View the filing
Revenue from operations: Rs. 1508.2 crores (FY26)
p. 3
“For the full year, FY26, revenue was at Rs. 1508.2 crores, reflecting the growth of 2.7% as compared to FY25.”
Naveen Gupta, page 3 of the filed PDF · View the filing
Gross profit: Rs. 113 crores (Q4 FY26)
p. 5
“Gross profit for the quarter was at Rs. 113 crores translating into gross margin of 27.7% with a growth of 76.9% on YOY basis.”
Rigan Raithatha, page 5 of the filed PDF · View the filing
EBITDA: Rs. 31.5 crores (Q4 FY26)
p. 5
“EBIDTA for the quarter was Rs. 31.5 crores with an EBITDA margin of 7.7%.”
Rigan Raithatha, page 5 of the filed PDF · View the filing
Profit after tax: Rs. 29.9 crores (Q4 FY26)
p. 5
“Profit before tax before exceptional item was Rs. 22.4 crores while profit after tax was Rs. 29.9 crores resulting into PAT margin of 7.3%.”
Rigan Raithatha, page 5 of the filed PDF · View the filing
EBITDA: Rs. 101.3 crores (FY26)
p. 5
“EBITDA for the full year is Rs. 101.3 crores with a margin of 6.7% supported by gradual improvement in operations and normalization of supply chain during the year.”
Rigan Raithatha, page 5 of the filed PDF · View the filing
Profit after tax: Rs. 73.7 crores (FY26)
p. 5
“Profit before tax before exceptional item was Rs. 60.1 crores and profit after tax is Rs. 73.7 crores with a margin of 4.9%.”
Rigan Raithatha, page 5 of the filed PDF · View the filing
Insurance proceeds received: Rs. 17.5 crores (Q4 FY26)
p. 5
“During the quarter we received Rs. 17.5 crores as an additional insurance proceeds as a part of our ongoing claim process taking the total receipts during the financial year to approximately Rs. 37.4 crores.”
Rigan Raithatha, page 5 of the filed PDF · View the filing
Rajkot plant installed capacity: 1,05,000 metric ton
p. 5
“With this the installed capacity of Rajkot plant is 1,05,000 metric ton and with this we also complete our restatement of the Rajkot manufacturing facility as far as production facilities is concerned.”
Rigan Raithatha, page 5 of the filed PDF · View the filing
Distributor count: 953 (as of Q4 FY26)
p. 4
“With this improvement, we continue to strengthen our distribution network, which now includes over 953 distributors, which was 884 at the end of Quarter 3.”
Naveen Gupta, page 4 of the filed PDF · View the filing
Finance cost: Rs. 7 crores (FY26)
p. 18
“So, if you look at overall our finance cost for the current financial year, it is around Rs. 7 crores.”
Rigan Raithatha, page 18 of the filed PDF · View the filing
What management said it would do
A record of statements made on the call, in the words management used. Parakho does not forecast, endorse or assess them, and their presence here is not a view on whether they will happen.
EBITDA margin — 8% to 9% · FY27
stated firmly by Rigan Raithatha
p. 7
“Yes, so next year for the margin front as we have been guiding, we still speak to the same guidance that is 8% to 9%.”
Rigan Raithatha, page 7 of the filed PDF · View the filing
EBITDA margin exit rate — near to double digit · exit of FY27
stated as an aspiration by Rigan Raithatha
p. 11
“we are quite confident that our exit run rate would be near to double digit although average annualized EBITDA margin will be will continue to remain 8% to 9%.”
Rigan Raithatha, page 11 of the filed PDF · View the filing
Revenue delta (core, focus and other markets combined) — Rs. 330 to Rs. 350 crores · FY27, annualized
stated as an aspiration by Naveen Gupta
p. 6
“So, from current year, we are aspiring and aiming a delta of roughly Rs. 330 to Rs. 350 crores.”
Naveen Gupta, page 6 of the filed PDF · View the filing
Core market beat coverage (twice-weekly service) — 40% of beats · end of Q1
stated firmly by Naveen Gupta
p. 6
“And by end of Q1, we have aimed to bring 40% of our beats on twice in a week service in Gujarat.”
Naveen Gupta, page 6 of the filed PDF · View the filing
Capex — Rs. 40 to Rs. 45 crores · FY27
stated firmly by Rigan Raithatha
p. 12
“for the next financial year what we are looking at Rs. 40 to Rs. 45 crores kind of a CAPEX which would include some of our corporate office building at Rajkot.”
Rigan Raithatha, page 12 of the filed PDF · View the filing
Capacity utilization — 43% to 45% · FY27
stated conditionally by Rigan Raithatha
p. 12
“Capacity utilization would be roughly around 43% to 45%.”
Rigan Raithatha, page 12 of the filed PDF · View the filing
Gathiya segment growth — 18% to 20% · FY27
stated as an aspiration by Naveen Gupta
p. 11
“Gathiya, we have a base of roughly Rs. 410 crores. So, we are aiming 18% to 20% growth from Gathiya segment.”
Naveen Gupta, page 11 of the filed PDF · View the filing
Wafers segment growth — 40% · FY27
stated as an aspiration by Naveen Gupta
p. 11
“Wafers we have a base of Rs. 155 crores. We are aiming 40% growth there and all other products put together be it papad, retail packs of besan, spices or bakery products or noodles or rusk etc.”
Naveen Gupta, page 11 of the filed PDF · View the filing
Distributor additions — 250 distributors · calendar year
stated firmly by Naveen Gupta
p. 15
“In Q4 we added 69 new distributors and in entire calendar year we took an aim to add 250 distributors.”
Naveen Gupta, page 15 of the filed PDF · View the filing
UP monthly run rate exit — Rs. 8.5 crores to Rs. 9 crores · exit FY27
stated conditionally by Naveen Gupta
p. 18
“we expect that exit should be around Rs. 8.5 crores to Rs. 9 crores.”
Naveen Gupta, page 18 of the filed PDF · View the filing
Finance cost — around Rs. 10 crores · FY27
stated conditionally by Rigan Raithatha
p. 18
“We are expecting roughly to close around Rs. 10 crores.”
Rigan Raithatha, page 18 of the filed PDF · View the filing
Focus market growth — 35% · FY27
stated as an aspiration by Naveen Gupta
p. 18
“We expect since UP is among our focus market and we are targeting a growth of 35% from focus market.”
Naveen Gupta, page 18 of the filed PDF · View the filing
Balance insurance claim recovery — Rs 35 to Rs. 40 crores · by Q2
stated conditionally by Rigan Raithatha
p. 10
“So, that we can expect by probably Q2 for that money to be coming into our account.”
Rigan Raithatha, page 10 of the filed PDF · View the filing
Q&A highlights
Management's answers to analyst questions, in Parakho's words rather than a transcript. Each row names who answered and carries the verbatim quote it was drawn from.
Management gave a state-wise breakdown of expected revenue delta from core Gujarat, focus states, and other channels.
Answered by Naveen Gupta
Asked by Nitin: How does management see FY27 top-line growth shaping up and what are the key growth drivers?
p. 6
“Now coming to the focus state, there will be growth from two attributors. One is footprint extension.”
Naveen Gupta, page 6 of the filed PDF · View the filing
Management said most of the cost impact has been offset through grammage reduction, price hikes and internal BOM correction.
Answered by Rigan Raithatha
Asked by Nitin: How is the company handling raw material inflation and passing it to consumers?
p. 7
“So, which if we look from the impact perspective till now, it is around 4-.5%, out of which majority we have been negate through reduction in grammage and increase in prices and also through some our internal BOM correction.”
Rigan Raithatha, page 7 of the filed PDF · View the filing
Management said the balance amount will likely be higher than Rs. 10 crores due to restatement at replacement cost rather than written-down value.
Answered by Rigan Raithatha
Asked by Resham Mehta: How much of the balance fire insurance claim can be expected and when?
p. 10
“It would be somewhere in the range of Rs 35 to Rs. 40 crores.”
Rigan Raithatha, page 10 of the filed PDF · View the filing
Management said trade spend reduction would be gradual and the 8-9% guidance reflects current raw material volatility, with a stronger exit rate expected.
Answered by Rigan Raithatha
Asked by Resham Mehta: Isn't the 8-9% EBITDA margin guidance conservative given cost benefits and market share recovery?
p. 11
“when we say the guidance of 8% to 9% it is purely based on current volatility of the raw material prices and we are quite confident that our exit run rate would be near to double digit although average annualized EBITDA margin will be will continue to remain 8% to 9%.”
Rigan Raithatha, page 11 of the filed PDF · View the filing
Management said operating leverage should give a margin benefit of around 1% next year despite absolute other expenses rising.
Answered by Rigan Raithatha
Asked by Shreya Chatterjee: Will elevated other expenses (SG&A) as a percentage of sales continue going forward?
p. 16
“we expect on an overall basis it would increase but if you look from the margin perspective it should give us benefit of around 1%.”
Rigan Raithatha, page 16 of the filed PDF · View the filing
Management confirmed higher inventory of chana drove increased bank borrowing and expects finance costs to be slightly higher next year.
Answered by Rigan Raithatha
Asked by Shiv Narayan Mishra: Are debt and working capital levels elevated due to inflation and inventory build-up, and will finance costs rise next year?
p. 18
“See working capital has increased earlier primarily on account of we have stored more amount of chana as compared to last year since expecting prices to increase in FY26-27.”
Rigan Raithatha, page 18 of the filed PDF · View the filing
Management said sufficient chana and potato stock is held until around November, limiting near-term cost impact, and does not foresee a demand downside.
Answered by Rigan Raithatha
Asked by Abneesh Roy: Could El Nino-related rain deficit and pulse inflation impact rural demand and raw material costs in H2 FY27?
p. 9
“So, for the next 6 to 8 months we have the sufficient stock which is as per our requirement we have stock till almost till the end of November.”
Rigan Raithatha, page 9 of the filed PDF · View the filing
Risks flagged
Gas supply restrictions affecting the industry during the quarter
p. 4
“During the quarter, the industry witnessed challenges related to gas supply restrictions.”
Naveen Gupta, page 4 of the filed PDF · View the filing
Rising raw material inflation in palm oil and packaging
p. 7
“So, as far as cost part is concerned, there has been an increase in the raw material prices which Changes in palm oil and packaging, changes from 15% to 20% as far as our product basket is concerned.”
Rigan Raithatha, page 7 of the filed PDF · View the filing
Possible pulse price inflation in second half due to rain deficit requiring market purchases
p. 9
“So, second half probably around November, December yes, we need to buy from the market.”
Rigan Raithatha, page 9 of the filed PDF · View the filing
Elevated working capital and inventory levels increasing bank borrowing
p. 18
“So, definitely the bank borrowing has come up purely on account of working increase in our inventory level.”
Rigan Raithatha, page 18 of the filed PDF · View the filing
Generated by claude-sonnet-5. Source: the transcript as filed with BSE. We link to the exchange's copy; we do not host transcripts. Parakho is a data and screening tool, not an investment adviser — nothing here is a recommendation to buy, sell or hold.