Gopal Snacks Limited Announces the Launch of “Korean BBQ”

On June 11 2024, Gopal Snacks Limited launched a new product, “Korean BBQ”, within the wafers category under the brand name “Cristos”.

The Korean BBQ Wafer is crafted to provide a distinctive snacking encounter. It fuses the robust, smoky tastes reminiscent of traditional Korean barbecue with the delightful crispiness of a wafer. Geared towards youthful consumers with a penchant for adventurous flavours, it caters to their inclination for diversity and innovation in snacks.

Distributed widely across the country in prominent retail stores and online channels, Gopal Snacks Limited has devised a comprehensive marketing strategy to bolster the product launch, focusing on capturing the attention of the youth demographic.

Statement from CEO: “We are thrilled to introduce the Korean BBQ Wafer, which we believe will resonate strongly with the youth. At Gopal Snacks, we are committed to innovation and quality, continuously striving to meet the evolving preferences of our consumers. This launch underlines our dedication to bringing fresh and exciting flavours to the market.”

In their last Q3 FY 2024 results, Gopal Snacks Limited disclosed a standalone net profit of ₹17.9 crore, signifying a notable 44% decline from the net profit of ₹33.1 crore reported in the corresponding period of the previous year. Moreover, revenue from operations remained nearly unchanged at ₹367.6 crore in Q3 FY 2024, demonstrating minimal growth compared to the ₹363.3 crore revenue recorded in the same period of the preceding year.

About Gopal Snacks Limited

Gopal Snacks Limited, headquartered in Rajkot, is a prominent FMCG company renowned for its innovative and top-tier snack offerings. It is India’s largest producer of Gathiya and Snack Pellets and the largest manufacturer of Ethnic Namkeen in Gujarat. With six manufacturing facilities, including three subsidiary units across the country, the company boasts an installed capacity of 400,000 metric tons, supported by an in-house cold storage capacity of 40,000 metric tons. Over 270 company-owned logistics vehicles facilitate its robust distribution network.

On June 11, 2024, Gopal Snacks Ltd’s share price opened at ₹324.00, touching the day’s high of ₹332.00 as of 01:53 AM on the NSE.

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