Gopal Snacks Ltd

Q4 FY25

Gopal Snacks Ltd Q4 FY25 Results & Concall Highlights: Revenue, Margins & Order Book

Q4 FY25 earnings call: what management guided on revenue, margins and order book.

Price₹282

Market cap₹3.4K Cr

P/E76.9

Updated23 Aug 2026

Read4 min read

The short version

FY26 revenue guidance is INR 1,800 crores, targeting 20% growth over FY25. Gopal Snacks projects a 20% revenue growth for FY26 over FY25, targeting INR 1,800 crores (Page 6, 12).

From Gopal Snacks Ltd's Q4 FY25 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

FY26 revenue guidance is INR 1,800 crores, targeting 20% growth over FY25.
Annualized growth projections: Gujarat - 15%, focus states - 25%, other states - 55%.
H1 FY26 expected muted with single-digit growth; H2 FY26 planned for 37%-40% growth vs H2 previous year.
Distribution expansion: No increase in distributors in Gujarat; increasing retailers and coverage frequency (double weekly coverage).
Addition of ~100 distributors in non-core states in FY26 within a 300-500 km radius of manufacturing facilities.
International business planned to scale from INR 10 crores to INR 40-50 crores via strategic partnerships starting Q3 FY26.
New marketing initiatives focused on brand visibility and consumer engagement expected to support growth.
Full in-house manufacturing with Modasa plant fully operational by August FY26 to stabilize production and supply.

Profitability & Margins

Gopal Snacks projects a 20% revenue growth for FY26 over FY25, targeting INR 1,800 crores (Page 6, 12).
Gross margins are expected to improve in FY26 due to softer raw material prices and operational efficiencies, aiming for around 25% gross margin compared to 21.5% exit run rate in FY25 Q4 (Pages 7, 10, 12).
EBITDA margins are expected to recover from 0.6% in Q4 FY25 to higher levels in FY26 supported by reduced outsourcing and better cost controls (Pages 9, 10).
The full-year margin for FY26 is expected to be better than FY24 and FY25 levels, despite some capex impact (Page 11).
Growth will be driven by doubling sales coverage in Gujarat and expanding distributors by 100 in non-core states (Pages 6, 15, 17).
International business aims to grow from INR 10 crores to INR 40-50 crores by next financial year through strategic partnerships (Page 15).
Operating earnings and EPS are expected to improve alongside margin expansion and revenue growth.

See what Gopal Snacks Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Capex for Modasa facility ramp-up expected to complete by July, fully operational by August FY26.
INR 9 crores incurred in FY24-FY25; another ~INR 30 crores expected in FY25-FY26 for restoration and new wafer lines at Modasa.
Maintenance capex at Modasa estimated at INR 3-4 crores.
Total capex for FY25-FY26 expected around INR 35-40 crores including Modasa restoration and wafer lines.
New manufacturing at Gondal operational; phaseout of third-party manufacturing completed.
Expansion plans include increasing distributors by 100 in non-core states within 300-500 km radius of manufacturing sites to improve margins.
No increase in distributors in Gujarat; focus on increasing retailer outlets and service frequency.
Planned international expansion in Q3 through strategic partnerships, aiming to grow exports from INR 10 crores to INR 40-50 crores annually over next financial year.

Fundraising & Capital Structure

The document does not explicitly mention any current or future plans for fundraising through debt or equity for Gopal Snacks Limited. Key points related to financials and capital expenditure are: - The company is incurring capex primarily for plant restoration and new lines (Modasa facility: approx. INR 30 crores planned for FY26). - Capex is fully insured and thus does not impact P&L significantly. - There is no direct mention of raising new debt or equity. - Cash flow from operations stood at INR 68 crores. - Focus remains on operational efficiency and profitability enhancement. Hence, based on available information, there are no stated plans or disclosures regarding fresh fundraising through debt or equity.

See what Gopal Snacks Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The transcript does not explicitly mention the current or expected order book or pending orders for Gopal Snacks Limited. However, from the available information, key points related to production and distribution include: - Outsourced manufacturing was around 8-9% of revenue in Q4 FY25 but fully moved in-house by Q1 FY26 (no outsourcing ongoing). - Distribution network stands at approximately 900 distributors, with plans to increase by 100 in non-core states during FY26; no expansion planned in Gujarat. - The new manufacturing plant at Modasa is expected to be fully operational by end of August FY26. - Revenue guidance for FY26 is INR 1,800 crores, reflecting a 20% growth over FY25. - The focus is on increasing coverage frequency and retailer outlets, indicating confidence in fulfilling demand through expanded distribution. - No explicit mention of a backlog or pending orders was made during the call.

Gopal Snacks Ltd — Quarterly revenue & net profit

Revenue Net profit Net loss

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹410 Cr, net profit ₹30 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

What Gopal Snacks Ltd's management said in earlier quarters

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Frequently Asked Questions

What were Gopal Snacks Ltd Q4 FY25 results?

FY26 revenue guidance is INR 1,800 crores, targeting 20% growth over FY25. Gopal Snacks projects a 20% revenue growth for FY26 over FY25, targeting INR 1,800 crores (Page 6, 12).

What is Gopal Snacks Ltd share price analysis?

Gopal Snacks Ltd currently shows a neutral. The stock trades at a P/E of 76.9 with a market cap of ₹3,423 Cr. Investors should review the full earnings analysis for detailed insights.

Is Gopal Snacks Ltd planning capital expenditure?

Capex for Modasa facility ramp-up expected to complete by July, fully operational by August FY26.

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.