Prataap Snacks Ltd. Reports Healthy Performance and Revenue Growth 18.7%

Prataap Snacks Ltd. (PSL), a leading Indian Snack Foods Company has announced its financial results for the third quarter and nine months ended 31st December 2018:

Prataap Snacks Ltd. Reports Healthy Performance and Revenue Growth 18.7%

Prataap Snacks Ltd. Reports Healthy Performance and Revenue Growth 18.7%

In Q3 FY19, PSL reported:

  • Revenue of Rs. 3082.5 million, delivered double digit growth of 18.7% yoy
  • Operating EBITDA of Rs. 220.7 million, translating  to a margin of 7.2%
  • PAT* stood at Rs. 80.7 million in Q3FY19
  • EPS* (Diluted) was at Rs. 3.44 per share in Q3FY19

In 9MFY19, PSL reported:

  • Total revenue of Rs. 8,640.8  million, higher by 16.1% yoy
  • Operating EBITDA of Rs. 609.3 million, translating  to a margin of 7.1%
  • PAT* of Rs. 297.2 million at a margin of 3.4% of Total revenue
  • EPS* (Diluted) was Rs. 12.7 per share in 9MFY19 on an enlarged capital base due to the IPO

(Adjusted with depreciation post acquisition)

*Please Note – PAT and EPS are after adjusting for enhanced depreciation on intangible assets created upon acquisition of Avadh Snacks

Commenting on the Q3 & 9MFY19 performance, Mr. Amit Kumat – MD, Prataap Snacks Limited said,“With the Avadh Snacks acquisition we have delivered a positive performance in the quarter and our consolidated revenues for 9M have grown 16.1%. On a stand-alone basis, the performance was muted due to capacity constraints and from headwinds faced in some of our product markets. Production capacity is being enhanced and we expect a positive uptick starting Q1 next year, as incremental volumes come into the market. We are excited about the acceptance and progress of products in the sweet snacks (RichFeast) category and will be undertaking incremental investments towards additional production lines. Overall, the headwinds arising from crude inflation and higher cost of raw materials were mitigated through multiple initiatives which helped us to arrest the margin decline.”

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