The information reveals that Rajeshbhai Mansukbhai Savani offered 273,254 shares of the corporate’s inventory at Rs 970.69 per share.
On Monday, as many as 1.61 million shares representing 6.8 per cent of Prataap Snacks’ complete fairness had been traded on the NSE, in response to trade knowledge. The names of the opposite consumers and sellers weren’t instantly confirmed.
09:44 AM; The inventory value was up 2 per cent at Rs 997.85, in comparison with a 0.44 per cent rise within the Nifty 50. The inventory crossed the earlier excessive of Rs 1,010 touched on November 22, 2022. It had reached a document excessive of Rs 1,458.70 on April 10, 2018.
Pratap Snacks is a number one Indian snack meals firm. It presents a number of product sorts throughout the classes of chips, extruded snacks and namkeen (conventional Indian snacks) below the favored and vibrant manufacturers Yellow Diamond and Avadh. It lately launched a spread of candy snacks with several types of truffles.
The corporate reported a resilient efficiency within the September quarter (2QFY24); Together with a 12 % enhance in gross sales quarter-on-quarter amid a difficult macroeconomic surroundings characterised by variable rainfall, sluggish demand and elevated aggressive pressures. On an annual foundation, the corporate introduced a lower in gross sales progress by 4.2 % in comparison with the extent it achieved within the second quarter of final 12 months. The silver lining within the top-line efficiency was the robust progress within the Namkeen class, administration mentioned.
Revenue after tax (PAT) throughout the quarter was Rs 16.5 lakh crore, up 4x over Rs 3.3 lakh crore in Q2FY23. EBITDA margin improved by 400 bps y-o-y and 30 bps q-o-q. Yearly by 8.8 %. Administration mentioned the improved margins had been achieved primarily by means of structural enchancment within the enterprise mannequin as a result of compact distribution construction achieved on the again of efforts over the previous three years. The EBITDA margin trajectory was additional strengthened by price optimization measures and cooling enter costs.
(Tags for translation)Prataap Snacks inventory value