FMCG market in India – The Fast Moving Consumer Goods segment is 4th largest contributor in Indian economy. In FY-24, the FMCG segment in segment at national level observed huge growth in revenue by 10.2%, showing positive consumption patterns across different parts of the country. The FMCG industry is forecasted to observe growth in revenue by 7 to 9% in FY-25. The growth in this sector is possible due to huge demand in urban areas. Moreover, increasing disposable income, and huge growth of e-commerce segment connected with increasing urbanization and modernisation across India is projected to contribute growth in the sector in future.
Packaged food market in India – The Indian packages food sector has gone through many changes, inspired by combination of socio-economic factors and emerging consumer choices. The sector is poised for development with forecasted market size of estimated Rs 6,767 billion by FY-2027. This development is possible by evolving consumer choices with a shift towards best quality and creative products, particularly ready-to-eat (RTE) and ready-to-cook (RTC) meals. The Indian packaged food segment is divided into organized and unorganised segment. The unorganized players are top leader of domestic packaged food sector with strong control of 79% by FY-27. Moreover, the organised segment is forecasted to increase and make contribution of 215 of Indian packaged food market by 2027.
Indian savoury snack market – The Indian savoury snack market wast controlled by unorganized players whose aim was to fulfill the requirements of local in specific regions.Moreover, the sector provided attractive opportunities to the organized players. The organized segment observed growth which was possible through increment in sales through hypermarkets and supermarkets. Moreover, the main players has undertook advertisement and promotional activities has made huge contribution towards savoury snacks market in India. Moreover, it is forecasted that organised players in Indian savoury market will grow at a CAGR of 11.7% by FY-2027.
Organized Namkeen market – The namkeen market in India has shown huge growth due to rise in preference of consumers towards branded and packaged foods. The ethnic namkeen and snacks remained attractive segment due to heavy profit margins taken by main players. The development in market is forecasted due to increase in consumption of namkeen and snacks and the wide range of products in the market.
Organized Ganthiya market – Gathiya is traditional savoury snack which is very famous in Gujarat. Over a period of time, it became famous in other states such as Madhya Pradesh, Gujarat, Uttar Pradesh, Rajasthan, Maharashtra. The organized players in this sector have focused on achieved growth and developed strong foot print as main producer.
Organized Western snacks – The western snacks market attained top position to Indian savoury snack market with estimated market size of Rs 409 billion, making contribution of 51% of market share. The western snack market includes products such as snack pellets, chips, and extruded snacks. The organized western snacks market is projected to increase and reach market value of Rs 410 billion in FY-27.
Organized papad market in India – The market of organized papad observed growth in past few years and is projected to increase in future. The growth is possible due to addition of machines and technologies alongwith rise in requirement of both national and international markets. In this article, you will learn interesting information about Gopal Snacks Ltd share price target, market cap, ROCE, ROE, promoter, distributor, shareholding pattern.
Gopal Snacks Ltd – Key Points
Name of the promoter
Mr. Bipin Hadvani
Industry
Packaged foods and savoury snacks
Established
1994
Headquarters
Rajkot
Employees
3300+
Distributors
667
savoury products
85+
Own fleet strengthens supply chain
270+
Gopal Snacks Ltd – Statistics
Market cap
Rs 3,542 crores
ROCE
32%
ROE
29.2%
Largest manufacturer of
Gathiya and Snack Pellets in India
2nd Largest manufacturer of
Organized Ethnic namkeen market in Gujarat
4th Largest manufacturer of
Papad in India
About Gopal Snacks Ltd
The headquarters of Gopal Snacks Limited is located in Rajkot is top snack manufacturer in India. The company is one of the rapidly developing, fully integrated FMCG companies. The company was founded by Mr. Bipin Hadvani in 1999 as a partnership firm named Gopal Gruh Udyog, it transformed into corporate company in 2009 and now manages as limited company. The company manufactures wide variety of ready-to-eat packages snacks including gathiya, snack pellets, wafers, and ethnic namkeen. Its product portfolio extends to other FMCG items such as noodles, flour, spices, and extruder products all are marketed under its brand.
Since beginning, the company has made strong commitment to deliver best quality and unique taste, which has led to variety of products under the banner of “Gopal Snacks Limited”. From classic traditional delicious foods to contemporary western snacks, from crispy snack pellets to variety of FMCG and packaged sweets, each product speaks about our best taste. As company moves ahead to expands its business, the purpose is not only to become a brand, but a genuine companion in each Indian home developing strong image on millions of taste buds. The company has achieved 4th position as largest brand in India’s organized segment of traditional savouries, the company has achieved huge pride in being largest manufacture of gathiya and snack pellets. The company has strong presence in 11 states and 2 Union Territories, with dominant position in Western region, the company has delivered its products to 5 lakh retailers across India.
The company started its business as single product has transformed into wide variety of 87 mouthwatering choices, fulfilling the variety of taste of customers. The company assures that there is proper balance of product taste, quality, and price. The company has strong belief that our journey is testament to consistent dedication, hardwork and best expertise. As company develops strong capacity and take benefits of new opportunities, the company is looking to scale its network and provide best qulaity traditional snacks. In past 25 years, Gopal Snacks Limited has stepped on transformative journey that has rebuild the landscape of ethnic snacking.
The company started humble journey by achieving growth in innovation and quality in the sector. The company initially started small production and at present it has became largest and modern snack production unit, setting new guidelines for efficiency and excellence. The success story is connected with threads of vision, a dedicated team with consistent growth and assured loyalty of valuable customers. Moreover, the company has integrated wide variety of flavours that spread across borders grabbing the taste buds of many people at global level. At the centre of goals, there is strong commitment bring best taste in Indian snacking tradition into each house. The company is proud of understanding the requirements of consumers and consistently working towards innovation. With each product added with years of experience with unique taste, assuring that each bit brings happiness and satisfaction.
With the passage of time, company has increased product varieties, develop strong footprint in the market, invested in modern manufacturing unit and increased distribution channel. These milestone shows strong dedication to develop long lasting legacy of authenticity, quality, and delight in ethnic snacking. As we look in the future, the journey moves ahead with focus on sustainability, innovation, and improve the quality of snacks for worldwide community of consumers.The company is passionate to build its journey by providing best taste and joy that spreads every corner of the country.
Vertically Integrated manufacturing units – The company has systematically setup manufacturing units, including 3 basic manufacturing units combined with 3 ancillary units close to the main units with strong dedication to manufacture important raw materials internally. This integrated approach assures best quality and on-time available of raw materials. The manufacturing units are positioned in a systematic way to reduce transportation costs and maximize market coverage efficiently.
Diversified offerings – The company is proud of itself with wide product basket divided into ethnic snacks, western snacks, and other products which assure wide variety to satisfy taste buds. From traditional favourites to unique creativity, the products provide best quality and taste, promising amazing experience with each bite.
Efficient distribution network – The strong distribution channel spreads across 11 states and 2 Union Territories supported by strong network of distributors located smartly to efficiently cover different markets. The wide supply chain assures that products are easily available across different geographies. This systematic strategy improves the ability to fulfill customer requirements while increasing operational efficiency through supply chain.
Efficient logistics solution – The company maintains a group of vehicles for transportation, important for smooth and efficient distribution of products. This systematic logistics capacity is important to attain smooth operations, encouraging us to maintain smooth delivery and consistently fulfill customer requirements for best product quality.
Strong and dedicated team – The strong and talented team is backbone for huge success. The company has made strong commitment to achieve top position, specialisation, passion, and unity in operations. The team members create unique products, assure smooth operations and provide best quality products, encouraging us to meet and fulfill the expectations of customers.
Market dominance – The company holds largest share in Indian gathiya market by making contribution of 31% in terms of value and volume.
Value for money – The company is looking to provide value in terms of money to consumer by providing good taste, price, and quality. A wide variety of products are delivered to customers by maintaining high quality guidelines and genuine taste.
Diverse product range – The company provide wide range of gathiya items, offering consumers broad variety of flavours and taste.
Delicious snacks – The products fulfill reqirement of all age groups and millions of people and is not a crunch to customers pocket.
Backward Integration strategy – The company has adopted strong backward strategy, acquiring raw materials from straight away from farmers. Important ingredients such as besan and spices are developed in-house assuring proper taste and best quality products.
Consistent quality assurance – The company has established strong presence in the segment, the company has attained unique position by maintaining best quality across all variety of gathiya products, maintaining customer satisfaction.
Revenue and net profit
Particulars
FY-24 (Rs. in crores)
Sales
1,402
Expenses
1,233
EBITDA
168
Other income
4
Interest
5
Depreciation
36
Profit before tax
132
-Tax (%)
(24%)
Net profit
100
EPS in Rs.
7.99
Balance sheet
Liabilities
Rs
Assets
Rs
Equity Capital
12
Fixed Assets
229
Reserves
378
CWIP
13
Borrowings
67
Investment
2
Other Liabilities
81
Other assets
295
Total liabilities
539
Total assets
539
Shareholding Pattern (Dec. 2024)
Promoters
81.48%
FIIs
1.64%
DIIs
6.52%
Public
10.37%
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Gopal Snacks Ltd Share Price Target – 2025 to 2040
Year
Minimum price (Rs)
Average price (Rs)
Maximum price (Rs)
2025
282
299
317
2026
321
343
365
2027
373
399
425
2028
429
471
512
2029
515
539
562
2030
566
600
634
2035
1132
1229
1325
2040
2264
2414
2564
Gopal Snacks Ltd Share Price Target – 2025
If market observes downward sentiments, the minimum projected price is estimated to hit Rs 282. The average trading price is projected to hit Rs 299 at the mid of the year. If market observes bullish sentiments, the maximum forecasted price is estimated to hit Rs 317. Gopal snacks, the largest producer of gathiya has a purpose to shift ganthiya into national sensation. The company has 8 unique varieties with a pan to enter into new states through targeted marketing, developing brand, and improved supply chain. By spreading taste at local level and interacting with customers to refine our products, the company will develop strong markets.
Gopal Snacks Ltd Share Price Target – 2026
If market faces bearish sentiments, the minimum projected price is anticipated to reach Rs 321. The average trading price is projected to hit Rs 343 at the mid of the year. If market observes bullish sentiments, the maximum projected price is anticipated to hit Rs 365. The sales strategy gives preference to main markets as key growth area. The company has limited presence, there is huge opportunity for growth. The company will scale its business by appointing new distributors in untapped areas of main market to increase the opportunity and capture market share.
Gopal Snacks Ltd Share Price Target – 2027
If market observes downward sentiments, the minimum forecasted price is expected to hit Rs 429. The average trading price is projected to hit Rs 471 at the mid of the year. If market observes bullish sentiments, the maximum projected price is anticipated to hit Rs 512. Observing the scope of wafer market, the company will improve its business, establish strong footprint in wafer division and increasing overall growth. the company has new manufacturing unit located in modasa and India’s largest cold storage warehouse which gives support in terms of quality and cost of production of wafers. The company will add new flavours in wafers segment. The wafer products gives highest profit and will plan to scale to the next level.
Gopal Snacks Ltd Share Price Target – 2028
If market faces bearish sentiments, the minimum projected price is anticipated to hit Rs429. The average trading price is projected to hit Rs 471 at the mid of the year. If market observes bullish sentiments, the maximum projected price is anticipated to reach Rs 512. Due to increasing urbanization and evolving consumer needs, the company gives preference to product improvement. This includes creation of new flavours and varieties that modern consumers use. The company recently launched exotic korean BBQ wafer that is example to provide unique taste and many options that young customers are attracted to variety of snack options.
Gopal Snacks Ltd Share Price Target – 2029
If market observes bearish sentiments, the minimum projected price is anticipated to hit Rs 515. The average trading price is projected to hit Rs 539 at the mid of the year. If market observes bullish signals, the maximum forecasted price is anticipated to reach Rs 562. Packaging plays important role in improving product appeal. The company makes investment in creative packaging solutions that provide easiness and freshness, such as zip-lock pouches. In urban market, the company is focusing on partnering with big superchain markets. These collaborations will assure shelf placement and improve visibility among customers.
Gopal Snacks Ltd Share Price Target – 2030
If market faces downward signals, the minimum projected price is expected to reach Rs 566. The average trading price is forecasted to hit Rs 600 at the mid of the year. If market observes bullish sentiments, the maximum projected price is estimated to reach Rs 634. The purpose of company is to increase presence in market and bring growth through strategic product diversification fulfilling consumers requirement in district segment. The company has recently increased product basket by presenting kolhapuri Bhadang, Soya stick, Sabudana chivda particularly developed to fulfill local taste. This assures company gives response to market requirement which encourage customer base and achieve brand loyalty.
Gopal Snacks Ltd Share Price Target – 2035
If market observes bearish signals, the minimum projected price is estimated to reach Rs 1129. The average trading price is projected to hit Rs 1232 at the mid of the year. If market observes bullish sentiments, the maximum forecasted price is estimated to hit Rs 1325. The company has increased supply chain in main markets by entering into untapped regions within our state. This strategy involves adding new distributors to increase market share and increasing retail touch point across both rural and urban areas. The strategy will concentrate on improving sales through current retail touchpoints by taking benefits of selling techniques and improving current distributor channel to increase production.
Gopal Snacks Ltd Share Price Target – 2040
If market faces bearish sentiments, the minimum forecasted price is estimated to reach Rs 2264. The average trading price is forecasted to hit Rs 2414 at the mid of the year. If market observes bullish sentiments, the maximum forecasted price is anticipated to reach Rs 2564. The company implements branding strategy created to increase consumer perception and develop strong brand recall. By executing muliple messages across many channels such as radio, digital platforms, print media, sponsorship, branding inside store, participation in exhibitions both national and global level.
FAQs
Q1) Who is the owner of Gopal Snacks Ltd?
Ans – The owner of Gopal Snacks Ltd is Mr. Bipin Hadvani.
Q2) What products are offered by Gopal Snacks Ltd?
Ans – The company provides variety of snacks including ethnic snacks like namkeen and gathiya, as well as western snacks such as extruded snacks, snacks pellets, and wafers. The company also provides FMCG products such as papad, gram flour, spices, noodles, besan.
Q3) What is Stock PE ratio of Gopal Snacks Ltd?
Ans – TheStock PE ratio of Gopal Snacks Ltd is 41.7 times.
Q4) Who are the competitors of Gopal Snacks Ltd?
Ans – Thecompetitors of Gopal Snacks Ltd are Bikaji Foods international, Balaji wafers, Varun Beverages, Hatsun Agro, Avanti Feeds.
Q5) What is the price of Gopal Snacks Ltd IPO?
Ans – Theprice of Gopal Snacks Ltd IPO is Rs 381 to 401 per equity share.
Q6) What is profit of Gopal Snacks Ltd?
Ans – Thenet profit of company in FY-20 was Rs 44 crores which has increased to Rs 100 crores in FY-24.
Q7) What is debt-to-equity ratio of Gopal Snacks Ltd?
Ans – Thedebt-to-equity ratio of Gopal Snacks Ltd for FY-24 is 0.17.
Q8) What is revenue of Gopal Snacks Ltd?
Ans – Therevenue of Gopal Snacks Ltd in FY-20 was Rs 886 crores which has increased to Rs 1,402 crores in FY-24.
