The shares of a FMCG stock, specializing in the manufacturing of snack foods, primarily focusing on products like chips, namkeens (savory snacks), and extruded snacks, are in focus following a Bulk deal involving Rs. 19 crores.
Price action
With a market capitalization of Rs. 2,607.10 crores on Wednesday, the shares of Prataap Snacks Limited jumped upto 0.25 percent making a high of Rs. 1092.05 per share compared to its previous closing price of Rs. 1089.25.45 per share.
What Happened
Prataap Snacks Limited engaged in the manufacturing of snack foods, primarily focusing on products like chips, namkeens (savory snacks), and extruded snacks, recently experienced a bulk deal, in which Sarvana securities D.Sathyamoorthi Bought 1.75 Lakh equity shares at Rs. 1091.90 apiece on March 7, resulting in a total value of around Rs. 19.10 Crore.
While SSPL Securities, they sold 1.3 Lakh shares at Rs. 1,092.54 apiece on March 7, which consists of a 4.38 percent stake in the company, resulting in a total value of around 14.20 Crore.
Prataap Snacks at Glance
Prataap Snacks operates in a large and rapidly growing market valued at Rs. 508 billion, with a 14 percent CAGR. The company is a market leader in rings and extruded snacks and ranks among the top five in Western savory snacks. In FY24, it achieved a revenue of approximately Rs. 16.2 billion, reflecting a 14 percent revenue CAGR over the last 10 years.
Its diverse portfolio includes over 150 SKUs across potato chips, extruded snacks, namkeens, and sweet snacks. With 16 manufacturing facilities and a presence in around 2.5 million retail outlets nationwide, Prataap Snacks has a strong distribution footprint. The company is led by a founder-driven management team and guided by an experienced board.
Recent Update
Authum Investment & Infrastructure Limited and Mahi Madhusudan Kela acquired a 46.85 percent controlling stake in Prataap Snacks Limited.
Financials
The company’s total revenue rose by 8.88 percent from Rs. 410.79 crore to Rs. 447.25 crore in Q3FY24-25. Meanwhile, Net profit rose from Rs. 10.79 crore to a loss of Rs. 37.93 crore during the same period.
Written by Sridhar J
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