Prataap Snacks Limited
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Key numbers — 40 extracted
rs,
INR 508
14%
12%
Rs. 549
Rs. 1,707
rs
33
56%
22%
21%
45%
18%
Guidance — 4 items
These include
opening
“We believe these outcomes will be visible in the second half itself, driven by initiatives with near-term impact, and will further strengthen over time as medium- to long-term measures take effect.” 24 Commenting on Q2 FY26 performance, Mr.”
Snacks Limited said
opening
“Initiatives to improve margin have helped to mitigate the impact and the Company reported expansion in gross margin both on a QoQ basis as well as a YoY basis 28 EBITDA (INR Mn) PAT (INR Mn) EBITDA EBITDA margin 492 409 229 5.3% 5.7% 4.9% 192 4.3% PAT PAT margin 156 62 1.4% 41 1.0% 1.8% 48 0.6% Q2 FY25 Q2 FY26 H1 FY25 H1 FY26 Q2 FY25 Q2 FY26 H1 FY25 H1 FY26 Reported EBITDA of Rs.”
Snacks Limited said
opening
“41 Mn in Q2 FY26 ⚫ EBITDA increased by 19.5% on a YoY basis, accompanied by increase in the EBITDA margin by around 100 basis points ⚫ The Company is undertaking multiple steps to enhance the EBITDA margin on a structural basis ⚫ There was an exceptional income (post tax) of Rs.”
Snacks Limited said
opening
“Cash EPS (INR) 451 380 18.9 15.9 190 202 8.0 8.5 Q2 FY25 Q2 FY26 H1 FY25 H1 FY26 Q2 FY25 Q2 FY26 H1 FY25 H1 FY26 Reported increased Cash profit in Q2 FY26 on a YoY basis Cash EPS remains resilient ⚫ Increase in cash profit is in line with improving trend in ⚫ The Company follows a conservative accounting policy and Gross Margin and EBITDA is amortizing intangible assets of Avadh Snacks ⚫ On a QoQ basis, the cash profit has increased from Rs.”
Risks & concerns — 1 flagged
However, Q2 revenues reflect a modest decline on a year-on-year basis, primarily due to impact from GST transition.
— These include
Speaking time
1
1
1
Opening remarks
These include
o Recipe adjustment o Process reengineering o Driven better sales realization through rationalization of grammages ⚫ These initiatives have enabled the company to largely offset the impact of inflationary trends in RM price over the medium term ⚫ Thus, net effect has been around 75 basis points improvement in gross margin in Q2 FY26 on a YoY basis ⚫ The Company is undertaking aggressive cost optimisation measures in the areas of distribution, operations and logistics to structurally enhance the margin profile 23 “We have navigated the second quarter with resilience amid a demand environment that continues to be challenging. Revenues for Q2FY26 of Rs. 4,298 million were higher by 5% on a QoQ basis. However, Q2 revenues reflect a modest decline on a year-on-year basis, primarily due to impact from GST transition. While categories such as Rings and smaller price-point packs of chips have seen some softness, our namkeen and pellet categories have held steady and continue to contribute posi
Snacks Limited said
(INR Mn) Q2 FY’26 Q2 FY’25 Sales/Income from operations 4,297.9 Other operating Income Total Income from Operations Raw Material Cost Gross Profit Gross Margins EBITDA EBITDA margin Depreciation Interest Exceptional item Exceptional item (Post tax) Profit after tax Profit after tax (excl. exceptional item) Diluted EPS (Rs) 21.0 4,318.9 3,031.0 1,287.9 29.8% 229.0 5.3% 165.4 18.0 (7.7) (5.0) 41.4 36.5 1.94 4,387.5 23.4 4,410.8 3,128.5 1,282.3 29.1% 191.6 4.3% 177.4 15.7 (89.3) (48.7) 61.5 12.8 2.58 Y-o-Y Change (%) -2% -10% -2% -3% 0.4% +75 Bps 20% +96 Bps -7% 15% NA NA -33% 185% -25% H1 FY’26 H1 FY’25 8,387.3 41.6 8,428.9 5,966.6 2,462.3 29.2% 409.1 4.9% 336.9 40.4 (7.7) (5.0) 48.3 43.3 2.23 8,578.7 46.5 8,625.2 6,027.2 2,598.0 30.1% 491.9 5.7% 353.0 34.3 (89.3) (57.8) 155.9 98.1 6.53 Y-o-Y Change (%) -2% -11% -2% -1% -5% -91 Bps -17% -85 Bps -5% 18% NA NA -69% -56% -66% 25 (INR Mn) Closing cash and cash equivalents Fixed Deposit with Banks Inventory Receivables Other current assets To
Notes
• Cash Profit = PAT + Depreciation • Adjusted for post tax exceptional item being insurance claim amounting to Rs. 49 Mn in Q2FY25 and Rs. 5 Mn in Q2 FY26 30 Certain statements in this document may be forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties, local political or economic developments, and many other factors that could cause our actual results to differ materially from those contemplated by the relevant forward-looking statements. like regulatory changes, Prataap Snacks Limited (PSL) will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances. 31 Sumit Sharma Prataap Snacks Ltd Email: cfo@yellowdiamond.in Mayank Vaswani / Mit Shah CDR India Tel: +91 98209 40953 / +91 99201 68314 Email: mayank@cdr-india.com / mit@cdr-india.com