Prataap Snacks Ltd. · NSE:DIAMONDYD
Prataap Snacks — Q2 & H1 FY27 Earnings Presentation
37 slides from Prataap Snacks's earnings presentation, Nov 1, 2026
Slide 1: Exchange cover letter for investor presentation
Ref. No.: PSL/2026-27/CS/SE/48 Date: November 1, 2026 To, To, Listing Department Corporate Relationship Department National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor, P.J. Towers, Plot No. C/1, G Block, Dalal Street, Bandra Kurla Complex, Mumbai - 400 001 Bandra (E), Mumb
Slide 2: Prataap Snacks Limited Q2 & H1 FY27 Earnings Presentation
PRATAAP SNACKS LIMITED Q2 & H1 FY27 Earnings Presentation 1 November 2026
Slide 3: Contents
Contents Driving Q2 & H1 FY27 Company Business Performance Overview Transformation Update 3 13 25 2
Slide 4: Company Overview
Company Overview 3
Slide 5: PSL At A Glance
PSL At A Glance Addressing a Large, Significant revenue scale Nationwide manufacturing & compounding market distribution footprint INR 508 Bn market. Growing at 14% FY26 Revenue of INR ~ 17.3 Bn 13 manufacturing facilities; CAGR(1) 15-year revenue CAGR: 16% (2) Presence across ~2.5 Mn retail outlets
Slide 6: Evolution of Prataap Snacks
Evolution of Prataap Snacks 2003 2026 Product Single Product - Potato Chips Diverse Product Portfolio Presence Single Market – Mumbai Pan-India Presence 13 Facilities - 6 Owned and 7 Third Facility Single Facility - Indore Party Facilities Strong Track Record of Growth 2011 2026 Revenue Rs. 188 Cr R
Slide 7: Diverse Product Portfolio
Diverse Product Portfolio Appealing to consumers and trade partners Extruded Snacks Potato Chips Namkeen Others 33% 53% 22% 20% 45% 20% 7% Industry PSL Industry PSL Industry PSL PSL Note: MARKET LEADER IN RINGS I LEADING PLAYER IN EXTRUDED SNACKS I TOP 5 IN WESTERN SAVOURY SNACKS FY26 data 6
Slide 8: Established Pan-India Manufacturing Network
Established Pan-India Manufacturing Network Optimised distribution costs; Improved time-to-market; Disciplined investment approach 13 STRATEGICALLY LOCATED MFG. FACILITIES TO CATER TO THE REGIONAL DEMAND Owned Facility North India Third party Plant Owned/ 3P Chips Extruded Pellets Namkeen Cakes (31%
Slide 9: Strong 'Value-For-Money' Brand
Strong ‘Value-For-Money’ Brand Appealing to customers across socio-demographic profiles CATEGORIES CHILDREN YOUTH ADULTS/FAMILY Rings, Kurves, Puff, Stix ✓✓ Chulbule ✓✓ ✓✓ Extruded Snacks Pellets ✓✓ ✓✓ Potato Chips ✓✓ ✓✓ ✓✓ Potato Chips Namkeen ✓✓ ✓✓ Namkeen Others ✓✓ ✓✓ ✓✓ Others Targeting value fo
Slide 10: Guided by an Accomplished Board
Guided by an Accomplished Board Managing Director and CEO Executive Director (Operations) Independent Director Amit Kumat Apoorva Kumat V.T. Bharadwaj Over 29 years of experience in the snacks Over 29 years of experience in the snacks Founder and General Partner at A91 food industry food industry Pa
Slide 11: Robust Track record of Revenue Growth
Robust Track record of Revenue Growth Consistent execution despite external upheavals TOTAL REVENUE (INR Mn) Post COVID disruption, topline growth has been impacted by shrinkage of Rings category COVID DISRUPTION 16,529 17,077 17,247 Avadh 16,179 Acquisition 13,938 13,966 11,706 1,688 11,711 10,174
Slide 12: Divergent trends in Portfolio
Divergent trends in Portfolio De-growth of rings has obfuscated strong underlying growth in rest of portfolio RINGS REVENUE (Base 100) 100 Decline in Rings offset overall growth rate of PSL from FY21 > FY26 CAGR: -9% ▪ As a category, Rings witnessed de-growth due to COVID 63 Rings market de-grew ind
Slide 13: Key Milestones
Key Milestones 2003 - 12 2014 – 19 2020 – 24 2025 - 26 Company founded Emerged as market leader in Rings Emerged as market leader in Extruded Peak XV Partners (formerly Sequoia category in India Snacks category in India Capital) sold its 47% stake to Authum Set up a plant to manufacture Potato Inves
Slide 14: Driving Business Transformation
Driving Business Transformation 13
Slide 15: Driving Business Transformation For Sustained Growth
Driving Business Transformation For Sustained Growth A multi-pronged approach to unlock value, scale efficiently, and future proof operations Revamped Product Portfolio Operational Efficiency & Strategy Margin Focus Region Specific Growth Tech Enabled Execution Playbook Channel Diversification Strat
Slide 16: Product Portfolio Strategy: Driving Growth Across Categories
Product Portfolio Strategy: Driving Growth Across Categories ANCHOR Products GROWTH Products NEXT Products (Chips, Chulbule, Rings) (Pellets, Namkeen) (Premium Flavours, Pop Corn) ⚫ Premiumisation ⚫ Value-driven offerings ⚫ Premium Flavours / ‘Better for ⚫ Regional specific products you’ positioning
Slide 17: Building Categories, Creating Growth Opportunities
Building Categories, Creating Growth Opportunities PSL has consistently demonstrated its ability to scale product categories and drive growth, even amid changing market conditions. 2014–2018 2021–2026 2021 onwards Rings Pellets Namkeen Building the category Replicating success Next growth opportunit
Slide 18: Region Specific Growth Playbook
Region Specific Growth Playbook Strategic Market Segmentation to Drive Focused Investment and Scalable Growth Command Expand Maintain Regions Regions Regions ⚫ High-margin region with a strong ⚫ Large markets where PSL has ⚫ Maintain market share while existing PSL presence and an gained initial tra
Slide 19: Channel Diversification Strategy
Channel Diversification Strategy Scaling large packs via Q-Commerce, Modern Trade, Exports & Institutions backed by a dedicated team Q-Commerce Channel Exports Modern Trade ⚫ Launched on multiple ⚫ Regular distribution in 7 ⚫ Listed in a leading chain platforms countries ⚫ Driving business through ⚫
Slide 20: Accelerating Growth Through Quick Commerce
Accelerating Growth Through Quick Commerce Leveraging emerging channels to drive incremental growth Quick Commerce Established and scalable Strong traction in Complements Amenable to channel catering to in- key urban General Trade & – Lever for home Consumption clusters Modern Trade large packs grow
Slide 21: Increasing Operational Efficiency & Margin Focus
Increasing Operational Efficiency & Margin Focus Seeking improvement of 4-5% in EBITDA Margin as outcome of these efforts Cost Supply chain Optimization Plant efficiency Initiatives Network Realignment Seeking 1.0-1.5% Seeking 1.5- margin uplift 2.0% margin Seeking 1.5- uplift 2.0% margin uplift ⚫ E
Slide 22: RLOP Foods Greenfield Manufacturing Facility
Setting up a Greenfield Manufacturing facility to Drive Efficiency Developing a greenfield manufacturing facility at Indore to streamline the manufacturing footprint and enhance operating efficiencies. 01. SECURING LAND ACCESS 02. PROJECT EXECUTION 03. TARGET OUTCOME 1 Acquisition completed Complete
Slide 23: Tech Enabled Execution
Tech Enabled Execution Leveraging technology for smarter, faster, and scalable operations Implemented leading ERP system Sales Tech for organization-wide for real-time data Market visibility and faster decisions in sales, procurement, production, and Execution and inventory Channel Growth Backend T
Slide 24: Strategic Brand Building
Strategic Brand Building Brand seen to be energetic and vibrant Brand Philosophy Brand tagline encapsulates the Consumer oriented focus philosophy of Providing value in multiple ways – great delivering value taste, high-quality ingredients, vibrant to the customer packaging, reasonable price Past As
Slide 25: Medium-term Target Operating Model
Medium-term Target Operating Model CONSISTENT ~15% GROWTH Revenue growth (faster than industry) PROFITABILITY ~10% CENTRIC EBITDA margin CAPITAL 15% + EFFICIENCY ROCE 24
Slide 26: Q2 FY27 Performance Update
Q2 FY27 Performance Update 25
Slide 27: Operational Overview
Operational Overview Strengthening growth outlook Proactive cost interventions Quarterly Revenues cross milestone through innovation as well as undertaken in response to sustained of Rs. 500 Cr for the first time expansion and modernisation of input-cost inflation capacity ⚫ Revenue from operations
Slide 28: MD & CEO's Message
MD & CEO’s Message “We are pleased to report another strong quarter, with the Company crossing milestone of ₹500 crore in quarterly revenue for the first time in its history. Income from operations grew 26% year-on-year and 10% sequentially to ₹541 crore in Q2 FY27, building on the record performanc
Slide 29: Abridged P&L Statement
Abridged P&L Statement Y-o-Y Y-o-Y (INR Mn) Q2 FY’27 Q2 FY’26 H1 FY’27 H1 FY’26 Change (%) Change (%) Sales/Income from operations 5,409.5 4,297.9 25.9% 10,313.8 8,387.3 23.0% Other operating Income 29.8 21.0 41.9% 50.5 41.6 21.4% Total Income from Operations 5,439.3 4,318.9 25.9% 10,364.3 8,428.9 2
Slide 30: Balance Sheet
Balance Sheet September September (INR Mn) March 2026 Change (%) (INR Mn) March 2026 Change (%) 2026 2026 Closing cash and cash 442.4 328.8 34.5% Trade Payables 1,377.5 1,111.1 24.0% equivalents Fixed Deposit with Banks 270.3 612.5 -55.9% Other current liabilities 130.7 190.5 -31.4% Inventory 1,513.
Slide 31: Cash Flow Statement
Cash Flow Statement Y-o-Y (INR Mn) H1 FY’27 H1 FY’26 Change (%) Reported EBITDA 319.5 409.1 -21.9% Non-cash items in P&L -3.6 8.1 -144.8% Commentary Change in WC -118.6 -153.7 -23% • Continued to generate healthy operating Income tax paid 38.5 0.9 4,201% cash flows Cash From Operating Activities 235
Slide 32: Financials – Q2 & H1 FY27 Performance
Financials – Q2 & H1 FY27 Performance Income from Operations Gross Margin (INR Mn) (INR Mn) Gross margin Gross margin (%) 10,314 2,727 8,387 2,462 5,410 1,288 1,387 4,298 30% 29% 26% 26% Q2 FY26 Q2 FY27 H1 FY26 H1 FY27 Q2 FY26 Q2 FY27 H1 FY26 H1 FY27 Delivered highest-ever quarterly revenue in the C
Slide 33: Financials – Q2 & H1 FY27 Performance
Financials – Q2 & H1 FY27 Performance EBITDA (INR Mn) PAT (INR Mn) EBITDA EBITDA margin Q2 FY26* Q2 FY27 H1 FY26* H1 FY27 409 53 46 320 229 129 -0 5.3% 2.4% 4.9% 3.1% -25 Q2 FY26 Q2 FY27 H1 FY26 H1 FY27 Q2 FY26* Q2 FY27 H1 FY26* H1 FY27 Significant efforts to cushion EBITDA from inflationary pressur
Slide 34: Financials – Q2 & H1 FY27 Performance
Financials – Q2 & H1 FY27 Performance Cash profit Cash EPS (INR Mn) (INR) 16.3 390 328 13.7 212 8.9 140 5.8 Q2 FY26 Q2 FY27 H1 FY26 H1 FY27 Q2 FY26 Q2 FY27 H1 FY26 H1 FY27 Positive Cash Profit in a tough environment Delivered resilient Cash EPS ⚫ Resilient performance in Cash Profit was due to recor
Slide 35: Raw Material Price Trends
Raw Material Price Trends Palm Oil Potato 1.70 1.74 1.74 1.48 1.47 1.46 1.42 1.49 1.51 1.49 1.33 1.28 1.18 1.23 1.06 1.11 1.11 (Base 1) (Base 1) 1.00 1.00 1.01 0.82 0.87 Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27Q2 FY27 Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3
Slide 36: Disclaimer
DISCLAIMER Certain statements in this document may be forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties, like regulatory changes, local political or economic developments, and many other factors that could cause our actual results to differ ma
Slide 37: Thank You
THANK YOU Sumit Sharma Prataap Snacks Ltd Email: [email protected] Mayank Vaswani / Mit Shah CDR India Tel: +91 98209 40953 / +91 99201 68314 Email: [email protected] / [email protected]