About Company

• Gopal Snacks was initially formed as partnership firm on April 1, 1999. Gopal Snacks is a fast-moving consumer goods company in India, offering ethnic snacks, western snacks and other products in 10 States and 2 Union Territories as of September 30, 2023. The company offers a wide variety of savoury products under the brand ‘Gopal’. They are 2nd largest snack manufacturing company in Gujarat.

•  The company has also introduced its product line dedicated at offering premium wafers under the brand name of “Cristos” along with extruder snacks under the brand name of “Cornigo”. The product offerings also include FMCG products including gram flour or besan and powdered spices under the “Gopal” brand. Other FMCG offerings include noodles, washing bars, and packaged sweets i.e., soan papdi, rusk and chikki.

• As on September 30, 2023, Gopal Snacks has 276 SKUs in its portfolio. Gopal is dedicated on providing customers with differentiated value through a range of SKUs at affordable prices. It is the first company to launch gram flour or besan in ? 10 SKU. The company sells its products in 10 Indian states and 2 union territories and is one of the fastest-growing snack companies in India.

• Company’s 3 primary manufacturing facilities with installed capacity of 3,03,668.76 MT and 3 ancillary manufacturing facilities with installed capacity of 1,01,060 MT.

• As of September 30, 2023, Gopal Snacks had 3 depots and 617 distributors, who helped them reach retailers located across 10 States and 2 Union Territories in India.

• The company is the largest manufacturer of Gathiya in terms of production volume and sales revenue in India and holds a market share of approximately 31% in Fiscal 2023 of the organized gathiya market in terms of sales revenue. The Gathiya segment itself generated a revenue of ? 423.9 crore in Fiscal 2023.

• Gopal Snack is the largest manufacturer of Snack Pellets in India with a revenue generation of ? 309.5 crore through snack pellet segment in Fiscal 2023. The company offers 12 varieties of Ready-to-Eat (RTE) snack pellets to consumers.

• The company is 2nd largest manufacturer of Ethnic Namkeen in Gujarat and among the leading packaged namkeen players in India. They have also secured its position as the 4th largest packaged ethnic namkeen manufacturers in India. Over 65% of the company’s revenue is generated through its namkeen segment.

• In FY 2023, Gopal Snacks Limited is the 4th largest manufacturer of papad in terms of its sales revenue and accounts for a market share of 3% in the Indian papad market. The revenue contributed by Papad reached ? 52.9 crore in Fiscal 2023.

Strengths

Competitive Strength 

• Position in the Indian snack food market as an ethnic savouries brand with a significant presence in Gujarat coupled with the focus on quality and various offerings;

• Diversified product portfolio capable of capturing growing Indian snacks market;

• Position as a manufacturer of gathiya in India coupled with the growing popularity of gathiya as a snack, present opportunities to expand in the gathiya segment;

• Strategically located manufacturing facilities;

• Vertically integrated advanced business operations resulting in quality products and cost and operational Efficiencies;

• Distribution network;

• Experienced Promoter and management team;

• Track record of profitable financial performance.

 Business Strategies 

• Further enhance the presence in the core market of Gujarat;

• Accelerate expansion in the focus markets;

• Continue to launch new products, expand wallet share with consumers and grow the consumer base;

• Enhance brand awareness;

• Continue to leverage technology to further optimise the operations;

• Utilization of un-utilised capacity and expand manufacturing capacity at the existing facilities and set-up additional strategically located facilities.

Company Promoters

Company Financials

Gopal Snacks Limited's revenue increased by 3.1% and profit after tax (PAT) rose by 170.52% between the financial year ending with March 31, 2023 and March 31, 2022.

Objects of the Issue

The Company will not receive any proceeds from the Offer (the "Offer Proceeds") and all the Offer Proceeds will be received by the Selling Shareholders, in proportion to the Offered Shares sold by the respective Selling Shareholders as part of the Offer.