Prataap Snacks Limited — Updates, 27-01-2025: Press Release

Prataap Snacks Limited reported a challenging quarter, with Q3 FY25 income from operations at ₹4,426.9 million, reflecting a 9% YoY increase. However, the operating EBITDA was negative at ₹(54.2) million, primarily due to an exceptional loss of ₹343.4 million related to a fire incident at its Jammu facility.

For the nine months ended December 31, 2024, the company achieved an income from operations of ₹13,005.6 million, a 6.3% YoY growth, and an EBITDA of ₹437.7 million. The net profit for 9M FY25 stood at ₹(46.2) million, with a diluted EPS of ₹(1.94).

Despite rising raw material prices, particularly for palm oil and potatoes, PSL has implemented measures like recipe adjustments and operational optimizations to mitigate costs. The company is also focusing on expanding its distribution and enhancing margins through cost optimization and new product introductions, indicating a positive outlook for growth, particularly in rural markets and exports. Investors should watch closely as PSL navigates these operational challenges while striving for topline growth.