As of September 2023, gathiya and namkeen each contributed 28% of the company's revenues while Western snacks together accounted for 31% and the rest around 13% came from other items such as papad, besan and spices. Packs priced at ₹5 contributed 75% of the company's FY23 revenues and ₹10 packs accounted for 8%.However, the company faces increased competition from the competing family business run by the promoter's brother under the brand name of 'Gokul Snacks'. In the first quarter of FY23, the company reduced the grammage by 3 gm to 5 gm per pouch offered in its most popular ₹5 and ₹10 packs. Besides, the company also reduced retailers' margin per pouch in the ₹5 SKU in Gujarat and Maharashtra. Investors can avoid subscribing to the issue.Gopal Snacks has garnered ₹193.94 crore from anchor investors, ahead of its IPO.

Source: Punch March 06, 2024 03:55 UTC