Gopal Snacks profit reaches Rs 45.856 crore on insurance gain

Gopal Snacks Limited reported net profit of Rs 45.856 crore for the quarter ended September 30, 2026, including a Rs 35.317 crore exceptional insurance gain. Gopal Snacks recorded Rs 25.907 crore of profit before exceptional items and tax and Rs 45.732 crore of revenue from operations in the quarter.

What drove Gopal Snacks’ September-quarter profit?

Gopal Snacks’ reported profit was lifted by a Rs 35.317 crore net exceptional gain linked to an insurance claim. The gain took profit before tax to Rs 61.224 crore in the quarter ended September 30, 2026, from Rs 34.958 crore a year earlier. After Rs 15.368 crore of total tax expense, net profit was Rs 45.856 crore, compared with Rs 25.692 crore in the September 2025 quarter.

The insurance gain relates to a fire at one of Gopal Snacks’ Rajkot plants on December 11, 2024, which damaged property, plant and equipment, inventory and other assets. The company said there were no human casualties. It had received Rs 37.464 crore from the insurer in financial year 2025-26, and recognised the latest gain after confirmation of final claim approval. The final claim proceeds were received on October 12, 2026, settling the receivable recorded at September 30.

Did Gopal Snacks’ pre-exceptional profit improve?

Yes. Gopal Snacks’ profit before exceptional items and tax rose to Rs 25.907 crore from Rs 13.428 crore in the September 2025 quarter and Rs 18.636 crore in the June 2026 quarter. This measure excludes the reported exceptional gain. Revenue from operations increased by Rs 8.728 crore year on year and by Rs 3.570 crore sequentially.

Total income was Rs 46.165 crore, against Rs 37.590 crore a year earlier, while total expenses increased to Rs 43.574 crore from Rs 36.247 crore. Material costs rose to Rs 30.461 crore from Rs 26.018 crore, and purchases of stock-in-trade rose to Rs 2.966 crore from Rs 1.190 crore. Employee benefits expense was Rs 3.188 crore, compared with Rs 3.016 crore, while finance cost increased to Rs 0.353 crore from Rs 0.194 crore.

Depreciation and amortisation increased to Rs 1.228 crore from Rs 0.902 crore, and other expenses rose to Rs 5.155 crore from Rs 4.487 crore. Other operating income declined to Rs 0.422 crore from Rs 0.562 crore over the same period. Despite these changes in expense lines, profit before exceptional items and tax increased by Rs 1.248 crore year on year.

How did Gopal Snacks perform in the first half?

Gopal Snacks reported first-half net profit of Rs 58.703 crore for the six months ended September 30, 2026, compared with Rs 28.216 crore in the corresponding 2025 period. First-half revenue from operations rose to Rs 87.894 crore from Rs 69.221 crore. Profit before exceptional items and tax increased to Rs 44.543 crore from Rs 18.710 crore, while the six-month result included the Rs 35.317 crore exceptional gain.

First-half total income was Rs 88.464 crore and total expenses were Rs 84.010 crore, producing pre-exceptional profit before tax of Rs 44.543 crore. In the corresponding prior-year half, total income was Rs 69.839 crore and expenses were Rs 67.968 crore. The reported profit before tax for the latest half was Rs 79.860 crore, compared with Rs 40.463 crore, after exceptional items of Rs 35.317 crore and Rs 21.753 crore respectively.

Gopal Snacks operates primarily in the food products segment and reported no separate operating segments under Indian Accounting Standard 108, or Ind AS 108. Its board, acting as the chief operating decision maker, evaluates performance and allocates resources for the business as a single unit. The board approved the unaudited standalone results on November 2, 2026, following audit committee review.

What changed in Gopal Snacks’ balance sheet and cash flow?

Gopal Snacks’ total assets were Rs 76.626 crore at September 30, 2026, compared with Rs 71.471 crore at March 31, 2026. Property, plant and equipment increased to Rs 32.688 crore from Rs 28.880 crore, while capital work-in-progress declined to Rs 4.164 crore from Rs 7.826 crore. Inventories rose to Rs 20.883 crore from Rs 19.316 crore, whereas trade receivables fell to Rs 4.652 crore from Rs 5.595 crore.

Total equity rose to Rs 53.759 crore from Rs 47.880 crore during the six months, while total liabilities decreased to Rs 22.867 crore from Rs 23.591 crore. Combined current and non-current borrowings declined to Rs 14.536 crore at September 30 from Rs 15.385 crore at March 31. Cash and cash equivalents were Rs 0.105 crore, compared with Rs 0.243 crore at the financial year-end.

Net cash flow from operating activities was Rs 4.290 crore in the half year, compared with Rs 5.734 crore in the prior-year period. Inventory movements used Rs 1.537 crore of cash and trade payables decreased by Rs 1.356 crore. Investing activities used Rs 2.741 crore, including Rs 2.838 crore spent on property, plant and equipment, intangible assets, capital work-in-progress and right-of-use assets.

Financing activities used Rs 1.563 crore, including Rs 0.849 crore of borrowing repayments and Rs 0.605 crore of interest payments. As a result, cash and cash equivalents declined by Rs 0.139 crore during the six months, compared with an increase of Rs 0.242 crore in the corresponding 2025 period. The statutory auditors issued an unmodified review conclusion on the September results.

What dividend has Gopal Snacks declared?

Gopal Snacks declared a first interim dividend of Rs 0.50 per equity share of face value Rs 1 for financial year 2026-27. The board approved the dividend on November 2, 2026, and fixed November 6, 2026, as the record date for determining eligible shareholders. The company said the dividend would be paid on or before November 30, 2026.

Basic and diluted earnings per share were Rs 3.68 for the September 2026 quarter, compared with Rs 1.03 in the June 2026 quarter and Rs 2.06 in the September 2025 quarter. Paid-up equity share capital stood at Rs 12.467 crore at September 30, 2026, compared with Rs 12.462 crore a year earlier. The share capital figure is based on equity shares with a face value of Rs 1 each.

Conclusion

Gopal Snacks’ September-quarter net profit of Rs 45.856 crore was materially affected by the Rs 35.317 crore insurance-related exceptional gain. The company nevertheless reported higher revenue and higher profit before exceptional items and tax than in both the preceding quarter and the September 2025 quarter, while first-half operating cash flow declined to Rs 4.290 crore from Rs 5.734 crore.

The next disclosed event is payment of the Rs 0.50-per-share first interim dividend on or before November 30, 2026, following the November 6 record date. Future disclosures can show whether the reduction in capital work-in-progress to Rs 4.164 crore, Rs 2.838 crore of first-half asset purchases and inventory of Rs 20.883 crore translate into further changes in operating cash flow and expenses.