# FMCG - Snacks — company-by-company sector analysis

> FMCG - Snacks: Bikaji Foods International Ltd owns the largest revenue base; Prataap Snacks Ltd has the fastest current growth.

Sector Alpha — machine-written from the numbers. Data as of 2026-07-29. Not investment advice.

## Bottom line

The 52-week sector comparison is unavailable. 1 of 3 covered companies currently have positive Mansfield relative strength versus NIFTY 500. Bikaji Foods International Ltd leads with revenue of ₹2,994 crore, based on 3 of 3 comparable companies through Mar 2026. Prataap Snacks Ltd has the fastest current revenue growth at 18.3%, across 3 of 3 comparable companies.

### Is the FMCG - Snacks sector outperforming NIFTY 500?

The 52-week sector comparison is unavailable. 1 of 3 covered companies currently have positive Mansfield relative strength versus NIFTY 500.

### Which FMCG - Snacks company is largest by revenue?

Bikaji Foods International Ltd leads with revenue of ₹2,994 crore, based on 3 of 3 comparable companies through Mar 2026.

### Which FMCG - Snacks company is growing fastest?

Prataap Snacks Ltd has the fastest current revenue growth at 18.3%, across 3 of 3 comparable companies.

### Which FMCG - Snacks company has the strongest 4-Factor Sector Score?

Bikaji Foods International Ltd ranks first at 62.2/100 with 97% evidence confidence. The score prioritizes research; it is not a buy recommendation.

### Which FMCG - Snacks company reports the most CAPEX?

Bikaji Foods International Ltd reports the largest latest CAPEX at ₹23 crore, with 2 of 3 companies comparable.

### Which FMCG - Snacks company has the least gross debt?

Prataap Snacks Ltd has the lowest comparable gross debt at ₹45 crore. Bikaji Foods International Ltd has the highest at ₹299 crore.

### Which FMCG - Snacks company has the lowest comparable PEG?

Bikaji Foods International Ltd has the lowest comparable Guarded PEG at 1.1, among 2 of 3 companies that pass the metric’s comparability rules.

### How much history does this FMCG - Snacks comparison include?

The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Mar 2026. Missing observations remain blank rather than being estimated.

### How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

## Sector relative strength

The 52-week comparison of FMCG - Snacks against NIFTY 500 is not available from the current market series. 1 of 3 covered companies currently beats NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Prataap Snacks Ltd is the strongest against the sector itself at +3.7%. Readings are as of 2026-07-19.

13-week sector return versus NIFTY 500: —
52-week sector return versus NIFTY 500: —
Stocks leading NIFTY: 1/3
Stocks leading sector: 1/3

Central tension: The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Companies: 3
Combined market value: ₹21.7K Cr

## 4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

1. Bikaji Foods International Ltd (BIKAJI): 62/100 — Mixed-positive evidence; evidence 97%
   - Growth & earnings 25.9/35 | Capital efficiency 19.8/25 | Valuation 16.1/20 | Relative strength 0.4/20
   - Exact sum: 25.9 + 19.8 + 16.1 + 0.4 = 62.2
   - Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -4.5% and the one-year return is -15.6%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
2. Prataap Snacks Ltd (DIAMONDYD): 62/100 — Mixed-positive evidence; evidence 72%
   - Growth & earnings 28.1/35 | Capital efficiency 11.0/25 | Valuation 7.1/20 | Relative strength 15.8/20
   - Exact sum: 28.1 + 11 + 7.1 + 15.8 = 62
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3. Gopal Snacks Ltd (GOPAL): 32/100 — Adverse evidence; evidence 81%
   - Growth & earnings 15.1/35 | Capital efficiency 11.7/25 | Valuation 5.0/20 | Relative strength 0.0/20
   - Exact sum: 15.1 + 11.7 + 5 + 0 = 31.8
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

## Revenue Scale & Growth Durability

What the numbers say: Bikaji Foods International Ltd is the scale leader at ₹2,994 crore, 81.1% ahead of Prataap Snacks Ltd. Prataap Snacks Ltd's growth is 18.3% from a ₹1,653 crore base, with 20 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

Investor read: Bikaji Foods International Ltd is the scale benchmark; Prataap Snacks Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Bikaji Foods International Ltd's growth falls below Prataap Snacks Ltd's for two consecutive comparable reports while operating margin also compresses.

Evidence: Bikaji Foods International Ltd · ₹2,994 crore | 81.1% versus #2 · Prataap Snacks Ltd | 7/8 recent comparable periods | 3/3 companies · 56 observations

Definition: Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.

### Revenue — largest
1. Bikaji Foods International Ltd (BIKAJI): ₹3.0K Cr
2. Prataap Snacks Ltd (DIAMONDYD): ₹1.7K Cr
3. Gopal Snacks Ltd (GOPAL): ₹1.5K Cr

### Revenue growth — fastest growers
1. Prataap Snacks Ltd (DIAMONDYD): 18%
2. Bikaji Foods International Ltd (BIKAJI): 14%
3. Gopal Snacks Ltd (GOPAL): 2.8%

### 20-quarter Revenue history
- BIKAJI: Jun 2021 ₹334 Cr | Sep 2021 ₹438 Cr | Dec 2021 ₹439 Cr | Mar 2022 ₹400 Cr | Jun 2022 ₹419 Cr | Sep 2022 ₹577 Cr | Dec 2022 ₹508 Cr | Mar 2023 ₹462 Cr | Jun 2023 ₹482 Cr | Sep 2023 ₹609 Cr | Dec 2023 ₹624 Cr | Mar 2024 ₹614 Cr | Jun 2024 ₹572 Cr | Sep 2024 ₹721 Cr | Dec 2024 ₹715 Cr | Mar 2025 ₹611 Cr | Jun 2025 ₹653 Cr | Sep 2025 ₹830 Cr | Dec 2025 ₹790 Cr | Mar 2026 ₹721 Cr
- GOPAL: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 ₹350 Cr | Sep 2022 ₹350 Cr | Dec 2022 ₹363 Cr | Mar 2023 ₹332 Cr | Jun 2023 ₹318 Cr | Sep 2023 ₹358 Cr | Dec 2023 ₹368 Cr | Mar 2024 ₹359 Cr | Jun 2024 ₹354 Cr | Sep 2024 ₹403 Cr | Dec 2024 ₹394 Cr | Mar 2025 ₹317 Cr | Jun 2025 ₹322 Cr | Sep 2025 ₹376 Cr | Dec 2025 ₹401 Cr | Mar 2026 ₹410 Cr
- DIAMONDYD: Jun 2021 ₹280 Cr | Sep 2021 ₹371 Cr | Dec 2021 ₹385 Cr | Mar 2022 ₹361 Cr | Jun 2022 ₹383 Cr | Sep 2022 ₹457 Cr | Dec 2022 ₹426 Cr | Mar 2023 ₹387 Cr | Jun 2023 ₹388 Cr | Sep 2023 ₹434 Cr | Dec 2023 ₹408 Cr | Mar 2024 ₹388 Cr | Jun 2024 ₹421 Cr | Sep 2024 ₹441 Cr | Dec 2024 ₹445 Cr | Mar 2025 ₹401 Cr | Jun 2025 ₹411 Cr | Sep 2025 ₹432 Cr | Dec 2025 ₹462 Cr | Mar 2026 ₹420 Cr

### 20-quarter Revenue growth history
- BIKAJI: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 25% | Sep 2022 32% | Dec 2022 16% | Mar 2023 16% | Jun 2023 15% | Sep 2023 5.6% | Dec 2023 23% | Mar 2024 33% | Jun 2024 19% | Sep 2024 18% | Dec 2024 15% | Mar 2025 -0.5% | Jun 2025 14% | Sep 2025 15% | Dec 2025 10% | Mar 2026 18%
- GOPAL: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 -9.1% | Sep 2023 2.3% | Dec 2023 1.4% | Mar 2024 8.1% | Jun 2024 11% | Sep 2024 13% | Dec 2024 7.1% | Mar 2025 -12% | Jun 2025 -9.0% | Sep 2025 -6.7% | Dec 2025 1.8% | Mar 2026 29%
- DIAMONDYD: Jun 2021 43% | Sep 2021 13% | Dec 2021 14% | Mar 2022 16% | Jun 2022 37% | Sep 2022 23% | Dec 2022 11% | Mar 2023 7.2% | Jun 2023 1.3% | Sep 2023 -5.0% | Dec 2023 -4.2% | Mar 2024 0.3% | Jun 2024 8.5% | Sep 2024 1.6% | Dec 2024 9.1% | Mar 2025 3.4% | Jun 2025 -2.4% | Sep 2025 -2.0% | Dec 2025 3.8% | Mar 2026 4.7%

## Operating Economics & Margin Trend

What the numbers say: Bikaji Foods International Ltd leads opm at 12%; Gopal Snacks Ltd leads margin change at +7 percentage points.

Investor read: Bikaji Foods International Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Evidence: Bikaji Foods International Ltd · 12% | 50% versus #2 · Gopal Snacks Ltd | 3/8 recent comparable periods | 3/3 companies · 56 observations

Definition: Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.

### OPM — highest
1. Bikaji Foods International Ltd (BIKAJI): 12%
2. Gopal Snacks Ltd (GOPAL): 8.0%
3. Prataap Snacks Ltd (DIAMONDYD): 0.9%

### Margin change — fastest expanders
1. Gopal Snacks Ltd (GOPAL): +7.0 pp
2. Prataap Snacks Ltd (DIAMONDYD): +3.8 pp
3. Bikaji Foods International Ltd (BIKAJI): 0.0 pp

### 20-quarter OPM history
- BIKAJI: Jun 2021 7.8% | Sep 2021 10% | Dec 2021 5.5% | Mar 2022 10% | Jun 2022 7.4% | Sep 2022 11% | Dec 2022 11% | Mar 2023 13% | Jun 2023 14% | Sep 2023 14% | Dec 2023 12% | Mar 2024 26% | Jun 2024 16% | Sep 2024 15% | Dec 2024 8.0% | Mar 2025 12% | Jun 2025 15% | Sep 2025 15% | Dec 2025 12% | Mar 2026 12%
- GOPAL: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 11% | Sep 2022 13% | Dec 2022 16% | Mar 2023 13% | Jun 2023 15% | Sep 2023 13% | Dec 2023 10% | Mar 2024 11% | Jun 2024 12% | Sep 2024 12% | Dec 2024 4.0% | Mar 2025 1.0% | Jun 2025 5.0% | Sep 2025 6.0% | Dec 2025 8.0% | Mar 2026 8.0%
- DIAMONDYD: Jun 2021 4.0% | Sep 2021 7.0% | Dec 2021 5.0% | Mar 2022 1.0% | Jun 2022 -1.0% | Sep 2022 5.0% | Dec 2022 5.0% | Mar 2023 5.0% | Jun 2023 4.5% | Sep 2023 5.2% | Dec 2023 4.5% | Mar 2024 4.2% | Jun 2024 3.0% | Sep 2024 0.3% | Dec 2024 -5.2% | Mar 2025 -2.9% | Jun 2025 0.2% | Sep 2025 1.5% | Dec 2025 0.9% | Mar 2026 0.9%

### 20-quarter Margin change history
- BIKAJI: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −0.4 pp | Sep 2022 +0.7 pp | Dec 2022 +5.5 pp | Mar 2023 +2.9 pp | Jun 2023 +6.7 pp | Sep 2023 +2.9 pp | Dec 2023 +1.0 pp | Mar 2024 +13.0 pp | Jun 2024 +2.0 pp | Sep 2024 +1.0 pp | Dec 2024 −4.0 pp | Mar 2025 −14.0 pp | Jun 2025 −1.0 pp | Sep 2025 0.0 pp | Dec 2025 +4.0 pp | Mar 2026 0.0 pp
- GOPAL: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 +4.2 pp | Sep 2023 −0.4 pp | Dec 2023 −6.0 pp | Mar 2024 −2.0 pp | Jun 2024 −3.0 pp | Sep 2024 −1.0 pp | Dec 2024 −6.0 pp | Mar 2025 −10.0 pp | Jun 2025 −7.0 pp | Sep 2025 −6.0 pp | Dec 2025 +4.0 pp | Mar 2026 +7.0 pp
- DIAMONDYD: Jun 2021 0.0 pp | Sep 2021 0.0 pp | Dec 2021 0.0 pp | Mar 2022 −3.0 pp | Jun 2022 −5.0 pp | Sep 2022 −2.0 pp | Dec 2022 0.0 pp | Mar 2023 +4.0 pp | Jun 2023 +5.5 pp | Sep 2023 +0.2 pp | Dec 2023 −0.5 pp | Mar 2024 −0.8 pp | Jun 2024 −1.5 pp | Sep 2024 −4.9 pp | Dec 2024 −9.7 pp | Mar 2025 −7.1 pp | Jun 2025 −2.8 pp | Sep 2025 +1.2 pp | Dec 2025 +6.1 pp | Mar 2026 +3.8 pp

## Profit Scale & Acceleration

What the numbers say: Bikaji Foods International Ltd leads with ₹255 crore of TTM profit, 244.6% above Gopal Snacks Ltd. Bikaji Foods International Ltd shows 30.8% growth from a ₹255 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

Investor read: Bikaji Foods International Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Evidence: Bikaji Foods International Ltd · ₹255 crore | 244.6% versus #2 · Gopal Snacks Ltd | 6/8 recent comparable periods | 3/3 companies · 56 observations

Definition: Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.

### Net profit — largest
1. Bikaji Foods International Ltd (BIKAJI): ₹255 Cr
2. Gopal Snacks Ltd (GOPAL): ₹74 Cr
3. Prataap Snacks Ltd (DIAMONDYD): ₹20 Cr

### Profit growth — fastest growers
1. Bikaji Foods International Ltd (BIKAJI): 31%

### 20-quarter Net profit history
- BIKAJI: Jun 2021 ₹13 Cr | Sep 2021 ₹29 Cr | Dec 2021 ₹11 Cr | Mar 2022 ₹25 Cr | Jun 2022 ₹16 Cr | Sep 2022 ₹42 Cr | Dec 2022 ₹40 Cr | Mar 2023 ₹38 Cr | Jun 2023 ₹41 Cr | Sep 2023 ₹60 Cr | Dec 2023 ₹46 Cr | Mar 2024 ₹116 Cr | Jun 2024 ₹58 Cr | Sep 2024 ₹69 Cr | Dec 2024 ₹28 Cr | Mar 2025 ₹40 Cr | Jun 2025 ₹59 Cr | Sep 2025 ₹78 Cr | Dec 2025 ₹62 Cr | Mar 2026 ₹56 Cr
- GOPAL: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 ₹26 Cr | Sep 2022 ₹26 Cr | Dec 2022 ₹33 Cr | Mar 2023 ₹27 Cr | Jun 2023 ₹28 Cr | Sep 2023 ₹27 Cr | Dec 2023 ₹18 Cr | Mar 2024 ₹26 Cr | Jun 2024 ₹24 Cr | Sep 2024 ₹29 Cr | Dec 2024 ₹5 Cr | Mar 2025 ₹-40 Cr | Jun 2025 ₹3 Cr | Sep 2025 ₹26 Cr | Dec 2025 ₹15 Cr | Mar 2026 ₹30 Cr
- DIAMONDYD: Jun 2021 ₹-2 Cr | Sep 2021 ₹15 Cr | Dec 2021 ₹-7 Cr | Mar 2022 ₹-3 Cr | Jun 2022 ₹-11 Cr | Sep 2022 ₹4 Cr | Dec 2022 ₹5 Cr | Mar 2023 ₹22 Cr | Jun 2023 ₹13 Cr | Sep 2023 ₹17 Cr | Dec 2023 ₹11 Cr | Mar 2024 ₹12 Cr | Jun 2024 ₹9 Cr | Sep 2024 ₹6 Cr | Dec 2024 ₹-38 Cr | Mar 2025 ₹-12 Cr | Jun 2025 ₹1 Cr | Sep 2025 ₹5 Cr | Dec 2025 ₹3 Cr | Mar 2026 ₹1 Cr

### 20-quarter Profit growth history
- BIKAJI: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 23% | Sep 2022 45% | Dec 2022 264% | Mar 2023 52% | Jun 2023 156% | Sep 2023 43% | Dec 2023 15% | Mar 2024 205% | Jun 2024 41% | Sep 2024 15% | Dec 2024 -39% | Mar 2025 -66% | Jun 2025 1.7% | Sep 2025 13% | Dec 2025 121% | Mar 2026 40%
- GOPAL: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 7.7% | Sep 2023 3.9% | Dec 2023 -45% | Mar 2024 -3.7% | Jun 2024 -14% | Sep 2024 7.4% | Dec 2024 -72% | Mar 2025 -254% | Jun 2025 -88% | Sep 2025 -10% | Dec 2025 200% | Mar 2026 —
- DIAMONDYD: Jun 2021 — | Sep 2021 88% | Dec 2021 -240% | Mar 2022 -143% | Jun 2022 — | Sep 2022 -73% | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 325% | Dec 2023 120% | Mar 2024 -45% | Jun 2024 -31% | Sep 2024 -65% | Dec 2024 -445% | Mar 2025 -200% | Jun 2025 -89% | Sep 2025 -17% | Dec 2025 — | Mar 2026 —

## Capacity Spending & Returns On It

What the numbers say: Bikaji Foods International Ltd reports ₹23 crore of CAPEX; Bikaji Foods International Ltd has the highest covered intensity at 4%. Coverage is only 2 of 3 companies and 6 reported observations, so this is partial evidence—not a complete sector rank.

Investor read: Use the CAPEX rank as a diligence queue. Verify commissioning, utilization, cash conversion and post-investment ROCE before treating spend as value creation.

This conclusion weakens if: CAPEX rises without higher utilization, operating cash flow or incremental returns.

Evidence: Bikaji Foods International Ltd · ₹23 crore | 283.3% versus #2 · Gopal Snacks Ltd | 4/4 recent comparable periods | 2/3 companies · 6 observations

Definition: CAPEX is cash spent on property, plant, equipment and other reported capital assets. CAPEX intensity divides that spend by revenue; high intensity is a reinvestment signal, not proof that the reinvestment will earn attractive returns.

### CAPEX — largest spenders
1. Bikaji Foods International Ltd (BIKAJI): ₹23 Cr
2. Gopal Snacks Ltd (GOPAL): ₹6 Cr

### CAPEX intensity — highest reinvestment intensity
1. Bikaji Foods International Ltd (BIKAJI): 4.0%
2. Gopal Snacks Ltd (GOPAL): 1.7%

### 20-quarter CAPEX history
- BIKAJI: Jun 2021 ₹16 Cr | Sep 2021 ₹35 Cr | Dec 2021 — | Mar 2022 — | Jun 2022 ₹18 Cr | Sep 2022 ₹23 Cr | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 —
- GOPAL: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 ₹6 Cr | Sep 2022 ₹6 Cr | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 —

### 20-quarter CAPEX intensity history
- BIKAJI: Jun 2021 4.8% | Sep 2021 8.0% | Dec 2021 — | Mar 2022 — | Jun 2022 4.3% | Sep 2022 4.0% | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 —
- GOPAL: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 1.7% | Sep 2022 1.7% | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 —

## Debt Load & Balance-Sheet Headroom

What the numbers say: Bikaji Foods International Ltd has the clearest covered balance-sheet capacity with ₹131 crore net cash and gross debt of ₹299 crore. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.

Investor read: Prioritize net-cash capacity and leverage relative to operating scale, not the smallest absolute rupee debt.

This conclusion weakens if: Net debt rises faster than revenue and profit for two consecutive reported periods.

Evidence: Prataap Snacks Ltd · ₹45 crore | 70.8% versus #2 · Gopal Snacks Ltd | 3/8 recent comparable periods | 3/3 companies · 52 observations

Definition: Gross debt shows contractual borrowings. Net debt subtracts reported cash; a negative value means net cash. Lower debt can create capacity, but should be read against the scale and capital intensity of the business.

### Gross debt — lowest gross debt
1. Prataap Snacks Ltd (DIAMONDYD): ₹45 Cr
2. Gopal Snacks Ltd (GOPAL): ₹154 Cr
3. Bikaji Foods International Ltd (BIKAJI): ₹299 Cr

### Net debt — lowest net debt
1. Bikaji Foods International Ltd (BIKAJI): ₹-131 Cr
2. Prataap Snacks Ltd (DIAMONDYD): ₹2 Cr
3. Gopal Snacks Ltd (GOPAL): ₹153 Cr

### 20-quarter Gross debt history
- BIKAJI: Jun 2021 ₹93 Cr | Sep 2021 ₹126 Cr | Dec 2021 — | Mar 2022 ₹160 Cr | Jun 2022 ₹178 Cr | Sep 2022 ₹206 Cr | Dec 2022 ₹206 Cr | Mar 2023 ₹170 Cr | Jun 2023 ₹170 Cr | Sep 2023 ₹209 Cr | Dec 2023 ₹209 Cr | Mar 2024 ₹166 Cr | Jun 2024 ₹166 Cr | Sep 2024 ₹219 Cr | Dec 2024 ₹219 Cr | Mar 2025 ₹231 Cr | Jun 2025 ₹231 Cr | Sep 2025 ₹310 Cr | Dec 2025 ₹310 Cr | Mar 2026 ₹299 Cr
- GOPAL: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 ₹166 Cr | Jun 2022 ₹166 Cr | Sep 2022 — | Dec 2022 — | Mar 2023 ₹108 Cr | Jun 2023 — | Sep 2023 ₹26 Cr | Dec 2023 — | Mar 2024 ₹67 Cr | Jun 2024 ₹67 Cr | Sep 2024 ₹6 Cr | Dec 2024 ₹6 Cr | Mar 2025 ₹67 Cr | Jun 2025 ₹67 Cr | Sep 2025 ₹65 Cr | Dec 2025 ₹65 Cr | Mar 2026 ₹154 Cr
- DIAMONDYD: Jun 2021 ₹57 Cr | Sep 2021 ₹82 Cr | Dec 2021 ₹82 Cr | Mar 2022 ₹80 Cr | Jun 2022 ₹80 Cr | Sep 2022 ₹81 Cr | Dec 2022 ₹81 Cr | Mar 2023 ₹60 Cr | Jun 2023 ₹60 Cr | Sep 2023 ₹57 Cr | Dec 2023 ₹57 Cr | Mar 2024 ₹81 Cr | Jun 2024 ₹81 Cr | Sep 2024 ₹68 Cr | Dec 2024 ₹68 Cr | Mar 2025 ₹76 Cr | Jun 2025 ₹76 Cr | Sep 2025 ₹55 Cr | Dec 2025 ₹55 Cr | Mar 2026 ₹45 Cr

### 20-quarter Net debt history
- BIKAJI: Jun 2021 ₹-1 Cr | Sep 2021 ₹-55 Cr | Dec 2021 — | Mar 2022 ₹37 Cr | Jun 2022 ₹50 Cr | Sep 2022 ₹89 Cr | Dec 2022 ₹89 Cr | Mar 2023 ₹25 Cr | Jun 2023 ₹25 Cr | Sep 2023 ₹181 Cr | Dec 2023 ₹181 Cr | Mar 2024 ₹30 Cr | Jun 2024 ₹-11 Cr | Sep 2024 ₹80 Cr | Dec 2024 ₹80 Cr | Mar 2025 ₹39 Cr | Jun 2025 ₹-24 Cr | Sep 2025 ₹-97 Cr | Dec 2025 ₹-97 Cr | Mar 2026 ₹-131 Cr
- GOPAL: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 ₹165 Cr | Sep 2022 — | Dec 2022 — | Mar 2023 ₹79 Cr | Jun 2023 — | Sep 2023 ₹25 Cr | Dec 2023 — | Mar 2024 ₹43 Cr | Jun 2024 ₹43 Cr | Sep 2024 ₹-19 Cr | Dec 2024 ₹-19 Cr | Mar 2025 ₹66 Cr | Jun 2025 ₹66 Cr | Sep 2025 ₹64 Cr | Dec 2025 ₹64 Cr | Mar 2026 ₹153 Cr
- DIAMONDYD: Jun 2021 ₹11 Cr | Sep 2021 ₹31 Cr | Dec 2021 ₹31 Cr | Mar 2022 ₹10 Cr | Jun 2022 ₹10 Cr | Sep 2022 ₹-34 Cr | Dec 2022 ₹-34 Cr | Mar 2023 ₹2 Cr | Jun 2023 ₹2 Cr | Sep 2023 ₹16 Cr | Dec 2023 ₹16 Cr | Mar 2024 ₹-16 Cr | Jun 2024 ₹-29 Cr | Sep 2024 ₹30 Cr | Dec 2024 ₹30 Cr | Mar 2025 ₹10 Cr | Jun 2025 ₹10 Cr | Sep 2025 ₹-47 Cr | Dec 2025 ₹-47 Cr | Mar 2026 ₹2 Cr

## Return On Capital Employed

What the numbers say: Bikaji Foods International Ltd leads ROCE at 19.7%, 7.6 percentage points above Gopal Snacks Ltd. Prataap Snacks Ltd has the strongest latest improvement at +4.7 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

Investor read: Bikaji Foods International Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

Evidence: Bikaji Foods International Ltd · 19.7% | 62.8% versus #2 · Gopal Snacks Ltd | 4/8 recent comparable periods | 3/3 companies · 41 observations

Definition: ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.

### ROCE — highest
1. Bikaji Foods International Ltd (BIKAJI): 20%
2. Gopal Snacks Ltd (GOPAL): 12%
3. Prataap Snacks Ltd (DIAMONDYD): 1.2%

### ROCE change — fastest improvers
1. Prataap Snacks Ltd (DIAMONDYD): +4.7 pp
2. Bikaji Foods International Ltd (BIKAJI): +1.7 pp
3. Gopal Snacks Ltd (GOPAL): −5.0 pp

### 20-quarter ROCE history
- BIKAJI: Jun 2021 — | Sep 2021 6.2% | Dec 2021 — | Mar 2022 12% | Jun 2022 11% | Sep 2022 13% | Dec 2022 — | Mar 2023 16% | Jun 2023 — | Sep 2023 19% | Dec 2023 24% | Mar 2024 25% | Jun 2024 32% | Sep 2024 25% | Dec 2024 29% | Mar 2025 15% | Jun 2025 19% | Sep 2025 15% | Dec 2025 21% | Mar 2026 17%
- GOPAL: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 44% | Jun 2023 — | Sep 2023 42% | Dec 2023 37% | Mar 2024 32% | Jun 2024 34% | Sep 2024 27% | Dec 2024 27% | Mar 2025 17% | Jun 2025 1.2% | Sep 2025 5.1% | Dec 2025 3.1% | Mar 2026 12%
- DIAMONDYD: Jun 2021 — | Sep 2021 1.9% | Dec 2021 2.1% | Mar 2022 0.6% | Jun 2022 -1.1% | Sep 2022 -2.2% | Dec 2022 -0.5% | Mar 2023 0.1% | Jun 2023 — | Sep 2023 6.7% | Dec 2023 — | Mar 2024 9.0% | Jun 2024 — | Sep 2024 5.8% | Dec 2024 — | Mar 2025 -2.7% | Jun 2025 — | Sep 2025 -3.6% | Dec 2025 — | Mar 2026 2.0%

### 20-quarter ROCE change history
- BIKAJI: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +6.5 pp | Dec 2022 — | Mar 2023 +4.6 pp | Jun 2023 — | Sep 2023 +6.5 pp | Dec 2023 — | Mar 2024 +9.0 pp | Jun 2024 — | Sep 2024 +5.7 pp | Dec 2024 +4.7 pp | Mar 2025 −10.2 pp | Jun 2025 −13.2 pp | Sep 2025 −10.1 pp | Dec 2025 −7.6 pp | Mar 2026 +1.7 pp
- GOPAL: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 −11.9 pp | Jun 2024 — | Sep 2024 −14.3 pp | Dec 2024 −10.0 pp | Mar 2025 −14.5 pp | Jun 2025 −32.5 pp | Sep 2025 −22.1 pp | Dec 2025 −23.7 pp | Mar 2026 −5.0 pp
- DIAMONDYD: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −4.1 pp | Dec 2022 −2.6 pp | Mar 2023 −0.5 pp | Jun 2023 — | Sep 2023 +8.9 pp | Dec 2023 — | Mar 2024 +8.9 pp | Jun 2024 — | Sep 2024 −0.9 pp | Dec 2024 — | Mar 2025 −11.7 pp | Jun 2025 — | Sep 2025 −9.4 pp | Dec 2025 — | Mar 2026 +4.7 pp

## Valuation Against Growth & Quality

What the numbers say: Bikaji Foods International Ltd has the lowest comparable Guarded PEG at 1.1×, 87.1% below Gopal Snacks Ltd. Only 2 of 3 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

Evidence: Bikaji Foods International Ltd · 1.1× | 87.1% versus #2 · Gopal Snacks Ltd | 0/8 recent comparable periods | 2/3 companies · 3 observations

Definition: PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data sources reconciled. A missing PEG is more honest than a low-base fiction.

### Guarded PEG — lowest PEG
1. Bikaji Foods International Ltd (BIKAJI): 1.1
2. Gopal Snacks Ltd (GOPAL): 8.6

### P/E — lowest P/E
1. Bikaji Foods International Ltd (BIKAJI): 60.5
2. Gopal Snacks Ltd (GOPAL): 72.3
3. Prataap Snacks Ltd (DIAMONDYD): 130.0

### 20-quarter Guarded PEG history
- BIKAJI: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 1.6 | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 1.1 | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 —
- GOPAL: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 8.6 | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 —

### 20-quarter P/E history
- BIKAJI: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 139.8 | Mar 2023 116.2 | Jun 2023 76.5 | Sep 2023 74.8 | Dec 2023 75.2 | Mar 2024 65.5 | Jun 2024 67.4 | Sep 2024 85.0 | Dec 2024 65.9 | Mar 2025 60.8 | Jun 2025 94.2 | Sep 2025 90.5 | Dec 2025 86.9 | Mar 2026 62.0
- GOPAL: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 39.7 | Jun 2024 41.3 | Sep 2024 54.8 | Dec 2024 48.5 | Mar 2025 39.0 | Jun 2025 65.2 | Sep 2025 101.8 | Dec 2025 152.9 | Mar 2026 88.4
- DIAMONDYD: Jun 2021 112.1 | Sep 2021 86.5 | Dec 2021 79.9 | Mar 2022 59.6 | Jun 2022 91.4 | Sep 2022 297.6 | Dec 2022 290.5 | Mar 2023 85.1 | Jun 2023 91.1 | Sep 2023 97.0 | Dec 2023 123.1 | Mar 2024 104.7 | Jun 2024 105.5 | Sep 2024 119.9 | Dec 2024 128.8 | Mar 2025 124.0 | Jun 2025 118.4 | Sep 2025 113.7 | Dec 2025 134.9 | Mar 2026 107.0

## Enterprise Value & Book Value

What the numbers say: Prataap Snacks Ltd leads both ev/ebitda at 32× and p/bv at 3.86×.

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.

Evidence: Prataap Snacks Ltd · 32× | 9.1% versus #2 · Bikaji Foods International Ltd | 0/8 recent comparable periods | 3/3 companies · 43 observations

Definition: EV/EBITDA includes debt in enterprise value and is useful across different capital structures. P/BV prices the company against its own book. Both are market multiples on reported figures, not intrinsic-value estimates and not forecasts.

### EV/EBITDA — lowest EV/EBITDA
1. Prataap Snacks Ltd (DIAMONDYD): 32.0
2. Bikaji Foods International Ltd (BIKAJI): 35.2
3. Gopal Snacks Ltd (GOPAL): 43.0

### P/BV — lowest P/BV
1. Prataap Snacks Ltd (DIAMONDYD): 3.9
2. Gopal Snacks Ltd (GOPAL): 6.7
3. Bikaji Foods International Ltd (BIKAJI): 9.8

### 20-quarter EV/EBITDA history
- BIKAJI: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 72.9 | Mar 2023 60.6 | Jun 2023 43.9 | Sep 2023 44.3 | Dec 2023 46.3 | Mar 2024 39.9 | Jun 2024 43.0 | Sep 2024 53.8 | Dec 2024 41.2 | Mar 2025 37.0 | Jun 2025 52.4 | Sep 2025 49.8 | Dec 2025 47.7 | Mar 2026 35.2
- GOPAL: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 22.7 | Jun 2024 24.2 | Sep 2024 31.8 | Dec 2024 28.0 | Mar 2025 22.3 | Jun 2025 39.3 | Sep 2025 54.8 | Dec 2025 65.5 | Mar 2026 43.0
- DIAMONDYD: Jun 2021 22.4 | Sep 2021 22.0 | Dec 2021 24.7 | Mar 2022 20.0 | Jun 2022 21.8 | Sep 2022 36.2 | Dec 2022 42.3 | Mar 2023 31.4 | Jun 2023 26.7 | Sep 2023 29.1 | Dec 2023 36.8 | Mar 2024 31.4 | Jun 2024 31.6 | Sep 2024 35.9 | Dec 2024 38.5 | Mar 2025 37.1 | Jun 2025 35.4 | Sep 2025 34.0 | Dec 2025 40.3 | Mar 2026 32.0

### 20-quarter P/BV history
- BIKAJI: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 12.5 | Mar 2023 10.1 | Jun 2023 10.9 | Sep 2023 12.7 | Dec 2023 13.0 | Mar 2024 11.7 | Jun 2024 18.7 | Sep 2024 19.7 | Dec 2024 14.4 | Mar 2025 12.5 | Jun 2025 15.5 | Sep 2025 13.2 | Dec 2025 12.5 | Mar 2026 10.3
- GOPAL: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 11.4 | Jun 2024 10.5 | Sep 2024 13.4 | Dec 2024 10.6 | Mar 2025 7.4 | Jun 2025 11.1 | Sep 2025 11.2 | Dec 2025 8.9 | Mar 2026 7.2
- DIAMONDYD: Jun 2021 2.6 | Sep 2021 2.6 | Dec 2021 3.1 | Mar 2022 2.5 | Jun 2022 2.5 | Sep 2022 3.4 | Dec 2022 3.5 | Mar 2023 2.8 | Jun 2023 2.9 | Sep 2023 2.9 | Dec 2023 3.7 | Mar 2024 3.2 | Jun 2024 3.2 | Sep 2024 3.6 | Dec 2024 3.9 | Mar 2025 3.8 | Jun 2025 3.6 | Sep 2025 3.4 | Dec 2025 4.1 | Mar 2026 3.2

## Market action

Prataap Snacks Ltd has the strongest one-year price move in FMCG - Snacks at +10.8%. It also leads on Mansfield relative strength against NIFTY at +11%. 1 of 3 covered companies is above zero on that measure. Every line covers 313 weekly closes through 2026-07-17.

### Strongest one-year price performers
1. Prataap Snacks Ltd (DIAMONDYD): 11%
2. Bikaji Foods International Ltd (BIKAJI): -16%
3. Gopal Snacks Ltd (GOPAL): -27%

### Strongest relative strength versus NIFTY 500
1. Prataap Snacks Ltd (DIAMONDYD): 11%
2. Bikaji Foods International Ltd (BIKAJI): -8.9%
3. Gopal Snacks Ltd (GOPAL): -16%

## What can make this comparison misleading?
- A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
- A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
- The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
- An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
- Thin comparisons: Capital expenditure, Valuation have fewer than three usable current readings.

## Every company
- Bikaji Foods International Ltd (BIKAJI) — market value ₹15.8K Cr; latest fundamentals Mar 2026
- Gopal Snacks Ltd (GOPAL) — market value ₹3.2K Cr; latest fundamentals Mar 2026
- Prataap Snacks Ltd (DIAMONDYD) — market value ₹2.7K Cr; latest fundamentals Mar 2026

## Source standing of each company

Cross-checked: 3. Unverified: 0. Withheld: 0. Graded companies: 3.

Every company's second-feed figures reconcile against the primary source on overlapping reported periods, so nothing here is unverified or withheld.

## Methodology and freshness

Fundamentals through Mar 2026; prices through 2026-07-24.
Up to 20 quarters per company. Reported history is normalized to Indian rupees crore. Missing values are not interpolated. Derived metrics are calculated only when their inputs are comparable.

## Frequently asked questions

### What is the Nifty FMCG - Snacks index?

The Nifty FMCG - Snacks index tracks India's listed FMCG - Snacks companies as a single basket. This page follows the same 3 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the FMCG - Snacks sector rather than to its largest constituent. Figures are as of Mar 2026.

### Which are the best FMCG - Snacks stocks in India?

Ranked by this page's four-factor score, Bikaji Foods International Ltd places first among 3 listed FMCG - Snacks companies, followed by Prataap Snacks Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Mar 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.

### How many FMCG - Snacks stocks are listed in India?

This comparison covers 3 listed FMCG - Snacks companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Mar 2026.

### Which FMCG - Snacks company is the biggest?

Bikaji Foods International Ltd is the largest, with trailing-twelve-month revenue of ₹2,994 crore, ahead of Prataap Snacks Ltd at ₹1,653 crore. That covers 3 of 3 companies with comparable reporting through Mar 2026.

### Which FMCG - Snacks company is growing fastest?

Prataap Snacks Ltd has the fastest revenue growth at 18.3% year on year, across 3 of 3 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend.

### Which FMCG - Snacks company has the best profit margins?

Bikaji Foods International Ltd has the highest operating margin at 12%, from 3 of 3 comparable companies. Gopal Snacks Ltd shows the biggest recent improvement, at +7 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

### Which FMCG - Snacks company makes the most profit?

Bikaji Foods International Ltd earns the most, at ₹255 crore of trailing-twelve-month net profit, from 3 of 3 comparable companies. Bikaji Foods International Ltd has the fastest profit growth at 30.8%, though growth off a small or recovering profit base overstates how much has actually changed.

### Which FMCG - Snacks company earns the highest return on capital?

Bikaji Foods International Ltd leads on return on capital employed at 19.7%, across 3 of 3 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

### Which FMCG - Snacks stock is the cheapest?

On guarded PEG — where a LOWER number is cheaper — Bikaji Foods International Ltd screens cheapest at 1.1×. Only 2 of 3 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

### Which FMCG - Snacks company has the strongest balance sheet?

Prataap Snacks Ltd carries the lowest comparable gross debt at ₹45 crore, from 3 of 3 companies. Absolute rupee debt alone does not settle it, because company scale differs — net debt and debt-to-equity in the chart above carry more information, and a very low-debt balance sheet can also mean under-investment.

### Which FMCG - Snacks company is investing most in new capacity?

Bikaji Foods International Ltd reports the largest capital spending at ₹23 crore, across 2 of 3 companies. Spending consumes cash before it earns anything, so treat the ranking as a diligence queue: check commissioning, utilisation and the return earned on the completed assets before reading spend as value creation.

### Which FMCG - Snacks stock has the strongest price momentum?

Prataap Snacks Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

### Which FMCG - Snacks company scores highest for research priority?

Bikaji Foods International Ltd scores 62.2 out of 100 with 97% evidence confidence, from 25.9 points on growth and earnings, 19.8 on capital efficiency, 16.1 on valuation and 0.4 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

### How many FMCG - Snacks companies does this comparison cover, and over what period?

It compares 3 listed companies over up to 20 reported quarters of fundamentals and 10 fiscal years of capital allocation, ending Mar 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

### What is the total market cap of the FMCG - Snacks sector?

The 3 FMCG - Snacks companies on this page carry ₹21,691 crore of combined market value. Bikaji Foods International Ltd is the largest at ₹15,814 crore, about 73% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-29.

### How is the FMCG - Snacks sector performing?

1 of the 3 covered FMCG - Snacks companies are beating NIFTY 500 on Mansfield relative strength. A 52-week sector-versus-index comparison is not available from the current market series for this sector, so it is not quoted. Readings are as of 2026-07-29.

### Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

### Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.

Narrative sector analysis: https://www.sectoralpha.in/sectors/fmcg-snacks