Prataap Snacks Ltd

Reflecting on the recently concluded fiscal year, India remained the world's fastest-growing major economy, demonstrating resilience despite subdued demand, inflationary pressures, and a slow rural recovery, which tempered growth in consumer goods.

However, driven by favourable demographics, rapid urbanisation, and digital expansion, the economy is projected to grow by 6.2% in 2025 and 6.3% in 2026, outpacing global peers. Reflecting this momentum, India emerged as the world's fourth-largest economy in May 2025. A key indicator of this resilience is the doubling of private consumption from US$ 1 Trillion in 2013 to US$ 2.1 Trillion in 2024 (7.2% CAGR), positioning India to become the world's third-largest consumer market by 2026.

In light of these trends, India's packaged snack foods market is rapidly evolving, driven by intense competition among global brands and domestic players providing premium products. The market is projected to grow at a CAGR of 8.63% between 2025 and 2033, reaching 1,01,811.2 Crore by 2033.

The challenging macroeconomic landscape in FY25 impacted Prataap Snacks' operating environment.

Inflation reduced disposable incomes, dampening consumer demand, while rising input costs pressured margins.

Amid these challenges, we leveraged over two decades of exceptional strategic expertise in delighting Indians with high-quality snacks, responding by sharpening our focus on operational optimisation and strategic agility. We strengthened our market leadership through innovation, optimisation, and data-driven decision-making, all while enhancing operational efficiency and expanding into new growth avenues.

We maintained a strong market position in our core product segments, sustaining a dominant share in key regions and driving volume growth in 5 packets in the Western Salty Snacks category, despite a decline in the said category.

We recorded annual revenue of 1,70,770 Lakh, up from 1,61,793 Lakh in FY24, reflecting a 6% Y-O-Y growth. We maintained nationwide leadership in the Extruded Namkeen and Rings categories, with a strong performance in the Pellet Namkeen categories. We reported a gross profit of 46,455 Lakh and an operating EBITDA of 4,869 Lakh a testament to our focused execution and deep consumer understanding.

In a reflection of our continued commitment to value creation for our shareholders, the Board has proposed a dividend of 10% per share on a face value of 5, amounting to 0.50 per share.

At the core of our journey is a strong commitment to ESG principles, shaping how we operate, grow, and create lasting value for people and the planet. Strong governance anchored in regular policy updates, internal controls, and Board-level ESG oversight ensures we remain focused on long-term responsibility and resilience.

We actively reduce our environmental footprint through wastewater recycling, the adoption of cleaner energy sources, and responsible waste management, including EPR-compliant plastic recycling and tree-plantation initiatives. On the social front, our CSR initiatives support education, healthcare, nutrition, and livelihoods in nearby communities, fostering inclusion and empowerment.

Our people are our greatest asset, and we prioritise their well-being through healthcare, mental wellness support, flexibility, and engagement initiatives. We foster growth and innovation through continuous learning, leadership development, and open performance systems, while idea hubs, cross-functional projects, and structured rewards promote creativity, collaboration, and shared success.

Safety is integral to our culture. Through regular training, audits, and risk assessments, we ensure a secure workplace, supported by ergonomic infrastructure, safety gear, and proactive hazard mitigation, reflecting our steadfast commitment to the well-being of every individual.

As we look towards FY26 and beyond, we remain optimistic about our growth trajectory, underpinned by ongoing product innovation, strategic technology adoption, wider distribution reach, and a strong focus on enhancing productivity. Our approach is to stay agile and aligned with evolving market dynamics, enabling us to meet changing consumer preferences and drive sustained value creation.

In FY26, upholding the highest standards of corporate governance will remain a key governance priority, alongside building strong, collaborative relationships with our new major shareholders to enhance long-term value.

I extend my sincere gratitude to our outstanding team members, customers, consumers, distributors, suppliers, investors, and all stakeholders for their steadfast trust and confidence in us.

Warm regards,