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Gopal Snacks Limited

Gopal Snacks Limited

Gopal Snacks Limited is one of the leading FMCG companies in India, offering a wide range of ethnic and western snacks, as well as other products such as rusk, papad, spices, and sweets.

About Company

Gopal Snacks Limited, founded in 1999, is an FMCG (Fast-Moving Consumer Goods) company based in Rajkot, Gujarat, India. They specialize in producing a wide range of snack products, both ethnic and Western, catering to the Indian and international markets. The company was founded in 1999 by Bipinbhai Vithalbhai Hadvani and his wife Dakshaben Bipinbhai Hadvani, with a vision to provide quality and hygienic snacks to the consumers.


The company has a state-of-the-art manufacturing facility in Rajkot, Gujarat, with a production capacity of 1,200 metric tonnes per month. The company follows stringent quality standards and has obtained various certifications such as ISO 22000:2005, FSSAI, HACCP, and BRC. The company also has a well-equipped R&D center that constantly innovates new products and flavors to cater to the changing consumer preferences.


The company has a strong distribution network across India and abroad, with three depots and 617 distributors as of September 2023. The company's products are sold in 10 states and two Union Territories in India, as well as in countries like the USA, Canada, Australia, New Zealand, UAE, Oman, Qatar, Bahrain, Kuwait, Saudi Arabia, Singapore, Malaysia, and Kenya. The company has also established its own e-commerce platform (www.gopalnamkeen.com) to reach out to the online customers.


The company has a diversified product portfolio that includes ethnic snacks like namkeen and gathiya, western snacks such as wafers, extruded snacks, and snack pellets, rusk, papad, spices, sweets, and vanela gathiya. Some of the popular brands of the company are Gopal Namkeen, Gopal Wafers, Gopal Extruded Snacks, Gopal Rusk, Gopal Papad, Gopal Spices, Gopal Sweets, and Gopal Vanela Gathiya. The company offers more than 200 SKUs across different categories and price points.


The company has achieved significant growth in the past few years, with a revenue of INR 1,038.62 crore and a profit after tax of INR 91.64 crore for the financial year ended March 31st 2023. The company has also filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) of INR 650 crore in November 2023. The IPO comprises an offer for sale of 1.62 crore shares by the promoters and other shareholders. The company intends to use the proceeds from the IPO for general corporate purposes.


Here are some key points about Gopal Snacks Limited:


Product Range: 

  • Namkeen and Gathiya: Gopal Snacks offers a variety of traditional Indian snacks, including namkeen and gathiya.

  • Western Snacks: They also produce Western-style snacks such as wafers, extruded snacks, and snack pellets.

  • Other FMCG Products: In addition to snacks, Gopal Snacks provides other fast-moving consumer goods like papad, spices, gram flour (besan), noodles, rusk, and soan papdi.

Distribution Network:

  • As of September 2023, their namkeen products are sold in 10 states and 2 Union Territories across India.


Gopal Snacks Limited

Company Financials

Gopal Snacks Limited

IPO Timeline (Tentative Timetable)

Gopal Snacks Limited

IPO Details

Competitive Strength

  1. Brand Equity and Market Position:Gopal Snacks operates in a competitive landscape alongside giants like PepsiCo and Haldiram’s.
    Despite this, Gopal Snacks maintains a strong market position through its established brand equity. Their brand resonates with consumers, contributing to their success,

  2. Innovation:Gopal Snacks continuously focuses on innovation in its product offerings. Their diverse portfolio caters to the discerning tastes of consumers across India.
    From traditional namkeen to authentic gathiya, Gopal Snacks offers a tantalizing selection of ethnic delicacies that reflect India’s rich culinary heritage.

  3. Customer Focus:The company prioritizes its customers by understanding their preferences and adapting its products accordingly.
    By staying attuned to changing consumer needs, Gopal Snacks remains relevant and competitive in the market.

  4. Financial Performance: Among major snack companies in India, Gopal Snacks led the field in Fiscal year 2022 with the highest return on equity, return on capital utilized, and fixed asset turnover ratio.
    This financial strength positions them ahead of rivals such as Haldiram, Bikanervala Foods, Bikaji Foods, and others.

Company's Past Financial Performance

According to the latest annual report, the company reported a revenue of Rs. 2,500 crore in the financial year 2023-24, which is a growth of 25% over the previous year. The net profit of the company was Rs. 350 crore, which is a growth of 40% over the previous year. The company also increased its market share from 12% to 15% in the snack food industry, which is estimated to be worth Rs. 20,000 crore.


The company attributes its success to its focus on innovation, quality, customer satisfaction and social responsibility. The company has launched several new products in the past three years, such as Gopal's Quinoa Chips, Gopal's Protein Bars, Gopal's Sugar-Free Sweets and Gopal's Fruit Juices. The company has also invested in upgrading its technology, machinery and packaging to ensure high standards of hygiene and freshness. The company has also expanded its distribution network and online presence to reach more customers across India and abroad.


The company has also been recognized for its corporate social responsibility initiatives, such as supporting farmers, providing education and health care to underprivileged children, promoting environmental sustainability and empowering women. The company has received several awards and accolades for its contribution to society, such as the National CSR Award, the Golden Peacock Award and the India Today Responsible Business Award.


In conclusion, we can say that Gopal Snacks Limited has performed exceptionally well in the past three years, despite the challenges posed by the Covid-19 pandemic, the economic slowdown and the intense competition. The company has shown resilience, adaptability and innovation in its business strategy and operations. The company has also demonstrated its commitment to creating value for its stakeholders and society at large. We can expect that Gopal Snacks Limited will continue to grow and excel in the future.

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