Gopal Snacks' stock fell 10% on February 12 due to weak Q3 earnings and disappointing investors. The company's profit dropped sharply compared to last year. Source Money control
The company's net profit fell 70% YoY to ₹5.3 crore in Q3, down from ₹17.8 crore last year. Higher expenses impacted earnings significantly.
Revenue grew 7% YoY to ₹393.5 crore, but expenses surged 13% to ₹387 crore. Rising costs put pressure on profits despite higher sales.
A fire broke out at the Rajkot 1 plant in mid-December, damaging property and stock. The company has reported losses to the insurer, and evaluation is ongoing.
With weak earnings and fire damage, Gopal Snacks faces challenges. Investors remain cautious as the company works through its financial and operational setbacks.