Prataap Snacks Q1 Review - Strategic Transformations On Track: Systematix

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Systematix Research Report .Prataap Snacks Ltd.'s Q1 FY22 sales grew 43% YoY (versus our estimate of 40% growth) to Rs 2.8 billion, despite the closure of schools and colleges and subdued travel activities due to the second wave of Covid-19.Uninterrupted supplies to trade channels and an expanded tele-calling network aided growth. The impact of a ~65% YoY inflation in palm oil (~14% of sales) on its margins was mitigated through process re-engineering and cost-optimisation. Prataap Snacks' gross margin contracted 422 basis points to 23.9% while Ebitda margin contracted 25 bps to 4% (versus our estimate of 2%). The new plant in Kolkata will serve as a hub for the Eastern region and also optimise distribution..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Prataap Snacks Q1 Review - Strategic Transformations On Track: Systematix

Prataap Snacks Q1 Review - Strategic Transformations On Track: Systematix

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