Prataap Snacks Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
February 03, 2023 at 06:52 am EST
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Prataap Snacks Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 4,179.44 million compared to INR 3,791.42 million a year ago. Revenue was INR 4,281.73 million compared to INR 3,872.08 million a year ago. Net income was INR 58.23 million compared to net loss of INR 72.41 million a year ago. Basic earnings per share from continuing operations was INR 2.48 compared to basic loss per share from continuing operations of INR 3.09 a year ago. Diluted earnings per share from continuing operations was INR 2.48 compared to diluted loss per share from continuing operations of INR 3.09 a year ago.
For the nine months, sales was INR 12,438.04 million compared to INR 10,246.09 million a year ago. Revenue was INR 12,726.53 million compared to INR 10,470.78 million a year ago. Net loss was INR 13.22 million compared to net income of INR 58.56 million a year ago. Basic loss per share from continuing operations was INR 0.56 compared to basic earnings per share from continuing operations of INR 2.5 a year ago. Diluted loss per share from continuing operations was INR 0.56 compared to diluted earnings per share from continuing operations of INR 2.5 a year ago.
Prataap Snacks Limited is an India-based company that is engaged in processing, manufacturing and sale of various types of potato-based snacks, extruded snacks, namkeen and ethnic sweets under the brand name, Yellow Diamond. The Company operates in the Snacks Food segment. It offers products in three categories: Extruded Snacks, Potato Chips and Namkeen. Its extruded snacks include processed, reconstituted, shaped, potato or cereal-based snacks, which may be flavored or unflavored. It also offers puffed snacks. The Company's portfolio of extruded snacks is divided into shaped extruded snacks, which consists of pellets (scoops and wheels) and random extruded snacks, which include Chulbule (savory sticks). Its range of products includes Foochka Gol Gappa, Cookies, Mini Maska Bun, Masala Pipe, Stix, Sweet & Tangy Pillows, Rich Feast Cookie cake, Katori, Rich Feast Choco Vanilla cake, Kurves, Rings, Chips, Puffs, Popcorn, Scoops, Fungroo, and others.