Sector Alpha Week of 2026-09-17
Not SEBI Registered !! Not Investment advice !!
20-quarter listed-company comparison

FMCG - Snacks Stocks in India

FMCG - Snacks: Bikaji Foods International Ltd owns the largest revenue base AND the fastest current growth.

The 3 FMCG - Snacks companies listed in India are Bikaji Foods International Ltd (₹13.7K Cr, the largest), Gopal Snacks Ltd and Prataap Snacks Ltd. 1 of 3 covered companies beats NIFTY 500 on relative strength. Readings are as of 17 Sep 2026.

01 · the index people search for

Nifty FMCG - Snacks Index — Constituents & Performance

All 3 listed Indian FMCG - Snacks companies are named here, largest first — the same constituent set people search for as the Nifty FMCG - Snacks index. Every figure is equal-weighted across those companies and carries its own as-of date. One large constituent cannot set the reading.

  1. Bikaji Foods International Ltd₹13.7K Cr
  2. Gopal Snacks Ltd₹3.2K Cr
  3. Prataap Snacks Ltd₹2.7K Cr
02 · the sector itself · before any single company

How has FMCG - Snacks moved against NIFTY 500?

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the most recent two of them this sector is 5% behind NIFTY 500. Earnings across its companies fell 3% on average over the last four reported quarters.

ASLEEP · 1y −15.9%Moving with the index0 of 3 companies ahead of NIFTY 500 by 5% or more over three months1 is 20% or more behind over a year while earnings grew 20% or more

RS — · 1/3 >200d (+0) · 0/3 lead (−1) · EPS 3/3↑

20050020262025202420232022 369303 TRAILING 12-MONTH EPS · 100 AT THE START0100103Dec 23Jun 24Dec 24Jun 25Dec 25Jun 26Sep 2023 · trailing 12-month earnings per share at 100, against 100 at the start · up 93.1% on a year ago · 3 reportingDec 2023 · trailing 12-month earnings per share at 103, against 100 at the start · up 51.3% on a year ago · 3 reportingMar 2024 · trailing 12-month earnings per share at 95, against 100 at the start · up 129.7% on a year ago · 3 reportingJun 2024 · trailing 12-month earnings per share at 88, against 100 at the start · up 41.5% on a year ago · 3 reportingSep 2024 · trailing 12-month earnings per share at 69, against 100 at the start · down 32.3% on a year ago · 3 reportingDec 2024 · trailing 12-month earnings per share at 9, against 100 at the start · down 15.9% on a year ago · 3 reportingMar 2025 · trailing 12-month earnings per share at 2, against 100 at the start · down 80.9% on a year ago · 3 reportingJun 2025 · trailing 12-month earnings per share at 0, against 100 at the start · down 100.0% on a year ago · 3 reportingSep 2025 · trailing 12-month earnings per share at 0, against 100 at the start · down 100.0% on a year ago · 3 reportingDec 2025 · trailing 12-month earnings per share at 0, against 100 at the start · down 52.4% on a year ago · 3 reportingMar 2026 · trailing 12-month earnings per share at 17, against 100 at the start · up 114.3% on a year ago · 3 reportingJun 2026 · trailing 12-month earnings per share at 21, against 100 at the start · up 27.8% on a year ago · 3 reportingJun 2022 · too few reporting — 2 of the FMCG - Snacks filed a comparable quarter, and three is the floor for a readingSep 2022 · too few reporting — 2 of the FMCG - Snacks filed a comparable quarter, and three is the floor for a readingDec 2022 · too few reporting — 2 of the FMCG - Snacks filed a comparable quarter, and three is the floor for a readingMar 2023 · too few reporting — 2 of the FMCG - Snacks filed a comparable quarter, and three is the floor for a readingJun 2023 · too few reporting — 2 of the FMCG - Snacks filed a comparable quarter, and three is the floor for a readingNot reported yet — earnings trail price by a quarter or two21No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
20050020262025202420232022 369303 TRAILING 12-MONTH EPS · 100 AT THE START0100103Jun 24Jun 25Jun 26Sep 2023 · trailing 12-month earnings per share at 100, against 100 at the start · up 93.1% on a year ago · 3 reportingDec 2023 · trailing 12-month earnings per share at 103, against 100 at the start · up 51.3% on a year ago · 3 reportingMar 2024 · trailing 12-month earnings per share at 95, against 100 at the start · up 129.7% on a year ago · 3 reportingJun 2024 · trailing 12-month earnings per share at 88, against 100 at the start · up 41.5% on a year ago · 3 reportingSep 2024 · trailing 12-month earnings per share at 69, against 100 at the start · down 32.3% on a year ago · 3 reportingDec 2024 · trailing 12-month earnings per share at 9, against 100 at the start · down 15.9% on a year ago · 3 reportingMar 2025 · trailing 12-month earnings per share at 2, against 100 at the start · down 80.9% on a year ago · 3 reportingJun 2025 · trailing 12-month earnings per share at 0, against 100 at the start · down 100.0% on a year ago · 3 reportingSep 2025 · trailing 12-month earnings per share at 0, against 100 at the start · down 100.0% on a year ago · 3 reportingDec 2025 · trailing 12-month earnings per share at 0, against 100 at the start · down 52.4% on a year ago · 3 reportingMar 2026 · trailing 12-month earnings per share at 17, against 100 at the start · up 114.3% on a year ago · 3 reportingJun 2026 · trailing 12-month earnings per share at 21, against 100 at the start · up 27.8% on a year ago · 3 reportingJun 2022 · too few reporting — 2 of the FMCG - Snacks filed a comparable quarter, and three is the floor for a readingSep 2022 · too few reporting — 2 of the FMCG - Snacks filed a comparable quarter, and three is the floor for a readingDec 2022 · too few reporting — 2 of the FMCG - Snacks filed a comparable quarter, and three is the floor for a readingMar 2023 · too few reporting — 2 of the FMCG - Snacks filed a comparable quarter, and three is the floor for a readingJun 2023 · too few reporting — 2 of the FMCG - Snacks filed a comparable quarter, and three is the floor for a readingNot reported yet — earnings trail price by a quarter or two21No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
FMCG - Snacks, equal-weighted, based at 200 NIFTY 500, same base, same start trailing 12-month earnings per share rising falling

Both lines start at 200 in the same week, so the distance between them is the whole story: the sector line is an equal-weighted index of its 3 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the sector taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

03 · sector relative strength, before individual stocks

Is FMCG - Snacks outperforming NIFTY 500?

FMCG - Snacks has underperformed NIFTY 500 by 16.9% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 8.8%. 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 2026-08-22.

-8.8%Sector vs NIFTY 500 · 13 weeks
-16.9%Sector vs NIFTY 500 · 52 weeks
1/3Stocks leading NIFTY 500
1/3Stocks leading sector

Sector metric: 15.8 as of 2026-08-22 · CONSOLIDATION · falling.

The central tension: current leadership is concentrated, so durability matters more than rank.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

FMCG - Snacks has underperformed NIFTY 500 by 16.9% over 52 weeks and 8.8% over 13 weeks. 1 of 3 covered companies beat NIFTY on Mansfield relative strength, while 1 of 3 beat the sector itself. Bikaji Foods International Ltd leads with revenue of ₹3,075 crore, based on 3 of 3 comparable companies through Jun 2026.

Companies
3
complete canonical membership
Combined market value
₹19.6K Cr
Bikaji Foods International Ltd
Revenue growing
3/3
positive TTM year-on-year growth
Beating NIFTY 500
1/3
positive Mansfield relative strength
Comparing 3 of 3
04 · research priority, made explicit

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.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
Bikaji Foods International Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 97% evidence confidence.
How this score is built, and what the marks mean

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1Bikaji Foods International LtdBIKAJI 52.1/100Mixed-positive evidence97% evidence ASLEEP 22.9/35 Revenue 13.9% · PAT 30.1% · OPM change -2 pp 100% evidence 17.3/25 ROCE 19.8% · OPM 13% 100% evidence 11.9/20 P/E 52.6× · PEG 2.03 85% evidence 0.0/20 RS sector -9.4% · RS bench -17.1% · 1Y -31.5%0 of 12 weeks ahead 100% evidence
Exact sum: 22.9 + 17.3 + 11.9 + 0 = 52.1 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -9.4% and the one-year return is -31.5%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
2Prataap Snacks LtdDIAMONDYD 47.9/100Mixed-negative evidence91% evidence FADING 23.8/35 Revenue 6.4% · PAT 100% · OPM change -0.5 pp 100% evidence 7.0/25 ROCE 3.2% · OPM 3.9% 100% evidence 1.9/20 P/E 208× · PEG 5.29 85% evidence 15.2/20 RS sector 3.7% · RS bench 3.8% · 1Y 10.6%8 of 11 weeks ahead 70% evidence
Exact sum: 23.8 + 7 + 1.9 + 15.2 = 47.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3Gopal Snacks LtdGOPAL 40.1/100Mixed-negative evidence90% evidence BASING 21.9/35 Revenue 12.1% · PAT 100% · OPM change 2.3 pp 100% evidence 7.2/25 ROCE 11.7% · OPM 7% 100% evidence 5.0/20 P/E 58.4× · PEG 8.56 50% evidence 6.0/20 RS sector -5.1% · RS bench -13.2% · 1Y -29%0 of 12 weeks ahead 100% evidence
Exact sum: 21.9 + 7.2 + 5 + 6 = 40.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
05 · what price has already done

Market action

Prataap Snacks Ltd has the strongest one-year price move in FMCG - Snacks at +10.6%. It also leads on Mansfield relative strength against NIFTY at +3.8%. 1 of 3 covered companies is above zero on that measure. Every line covers 313 weekly closes through 2026-09-11.

Price and relative strength

Every company, the sector's own index and NIFTY 500 all start level on the left edge of the window, so only the distance between the lines counts — the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.

06 · compare level, then change

Revenue Scale & Growth Durability

Bikaji Foods International Ltd has the highest Revenue among the 3 FMCG - Snacks companies compared here, at ₹3,075 crore. Prataap Snacks Ltd is next at ₹1,806 crore. The same company also holds the highest Revenue growth, at 13.9%. 3 of 3 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Bikaji Foods International Ltd is the scale leader at ₹3,075 crore, 70.2% ahead of Prataap Snacks Ltd. Bikaji Foods International Ltd's growth is 13.9% from a ₹3,075 crore base, with 20 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderBikaji Foods International Ltd · ₹3,075 crore
Gap70.2% versus #2 · Prataap Snacks Ltd
Persistence7/8 recent comparable periods
Coverage3/3 companies · 57 observations

Investor read: Bikaji Foods International Ltd is the scale benchmark; Bikaji Foods International 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 Bikaji Foods International Ltd's for two consecutive comparable reports while operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenuelargest
2Prataap Snacks Ltd DIAMONDYD₹1.8K Cr
3Gopal Snacks Ltd GOPAL₹1.6K Cr
Revenue growthfastest growers
3Prataap Snacks Ltd DIAMONDYD6.4%
Revenue · company comparison
3/3 level · 3/3 change

On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyRevenueRevenue growthReported
Bikaji Foods International Ltd BIKAJI₹734 Cr12%Jun 2026
Prataap Snacks Ltd DIAMONDYD₹493 Cr20%Jun 2026
Gopal Snacks Ltd GOPAL₹422 Cr31%Jun 2026
Full 20-quarter history · every available company

Revenue · reported quarter history

Bikaji Foods International Ltd · BIKAJI

₹438 Cr
₹439 Cr
₹400 Cr
₹419 Cr
₹577 Cr
₹508 Cr
₹462 Cr
₹482 Cr
₹609 Cr
₹624 Cr
₹614 Cr
₹572 Cr
₹721 Cr
₹715 Cr
₹611 Cr
₹653 Cr
₹830 Cr
₹790 Cr
₹721 Cr
₹734 Cr

Gopal Snacks Ltd · GOPAL

₹350 Cr
₹350 Cr
₹363 Cr
₹332 Cr
₹318 Cr
₹358 Cr
₹368 Cr
₹359 Cr
₹354 Cr
₹403 Cr
₹394 Cr
₹317 Cr
₹322 Cr
₹376 Cr
₹401 Cr
₹410 Cr
₹422 Cr

Prataap Snacks Ltd · DIAMONDYD

₹371 Cr
₹385 Cr
₹361 Cr
₹383 Cr
₹457 Cr
₹426 Cr
₹387 Cr
₹388 Cr
₹434 Cr
₹408 Cr
₹388 Cr
₹421 Cr
₹441 Cr
₹445 Cr
₹401 Cr
₹411 Cr
₹432 Cr
₹462 Cr
₹420 Cr
₹493 Cr

Revenue growth · reported quarter history

Bikaji Foods International Ltd · BIKAJI

25%
32%
16%
16%
15%
5.6%
23%
33%
19%
18%
15%
-0.5%
14%
15%
10%
18%
12%

Gopal Snacks Ltd · GOPAL

-9.1%
2.3%
1.4%
8.1%
11%
13%
7.1%
-12%
-9.0%
-6.7%
1.8%
29%
31%

Prataap Snacks Ltd · DIAMONDYD

13%
14%
16%
37%
23%
11%
7.2%
1.3%
-5.1%
-4.2%
0.3%
8.7%
1.7%
8.9%
3.2%
-2.5%
-2.1%
3.8%
4.9%
20%
07 · compare level, then change

Operating Economics & Margin Trend

Bikaji Foods International Ltd has the highest OPM among the 3 FMCG - Snacks companies compared here, at 13%. Gopal Snacks Ltd is next at 7%. Gopal Snacks Ltd has the highest Margin change at +2.3 percentage points, so level and change sit with different companies. 3 of 3 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Bikaji Foods International Ltd leads opm at 13%; Gopal Snacks Ltd leads margin change at +2.3 percentage points.

LeaderBikaji Foods International Ltd · 13%
Gap85.7% versus #2 · Gopal Snacks Ltd
Persistence2/8 recent comparable periods
Coverage3/3 companies · 57 observations

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.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
OPMhighest
2Gopal Snacks Ltd GOPAL7.0%
3Prataap Snacks Ltd DIAMONDYD3.9%
Margin changefastest expanders
1Gopal Snacks Ltd GOPAL+2.3 pp
2Prataap Snacks Ltd DIAMONDYD−0.5 pp
Operating margin · company comparison
3/3 level · 3/3 change
All-company data · latest reported quarter
CompanyOPMMargin changeReported
Bikaji Foods International Ltd BIKAJI13%−2.0 ppJun 2026
Gopal Snacks Ltd GOPAL7.0%+2.3 ppJun 2026
Prataap Snacks Ltd DIAMONDYD3.9%−0.5 ppJun 2026
Full 20-quarter history · every available company

OPM · reported quarter history

Bikaji Foods International Ltd · BIKAJI

10%
5.5%
10%
7.4%
11%
11%
13%
14%
14%
12%
26%
16%
15%
8.0%
12%
15%
15%
12%
12%
13%

Gopal Snacks Ltd · GOPAL

11%
13%
16%
13%
15%
13%
10%
11%
12%
12%
3.9%
0.6%
4.7%
6.0%
8.0%
8.0%
7.0%

Prataap Snacks Ltd · DIAMONDYD

7.0%
4.7%
1.4%
-0.5%
4.8%
5.0%
4.9%
8.5%
8.8%
8.5%
9.1%
7.1%
4.3%
-1.2%
1.2%
4.4%
5.3%
4.4%
4.9%
3.9%

Margin change · reported quarter history

Bikaji Foods International Ltd · BIKAJI

−0.4 pp
+0.7 pp
+5.5 pp
+2.9 pp
+6.7 pp
+2.9 pp
+1.0 pp
+13.0 pp
+2.0 pp
+1.0 pp
−4.0 pp
−14.0 pp
−1.0 pp
0.0 pp
+4.0 pp
0.0 pp
−2.0 pp

Gopal Snacks Ltd · GOPAL

+4.2 pp
−0.4 pp
−6.0 pp
−2.0 pp
−3.0 pp
−1.0 pp
−6.1 pp
−10.4 pp
−7.3 pp
−6.0 pp
+4.1 pp
+7.4 pp
+2.3 pp

Prataap Snacks Ltd · DIAMONDYD

0.0 pp
−0.3 pp
−3.1 pp
−4.5 pp
−2.2 pp
+0.3 pp
+3.5 pp
+9.0 pp
+4.0 pp
+3.5 pp
+4.2 pp
−1.3 pp
−4.4 pp
−9.7 pp
−7.9 pp
−2.8 pp
+1.0 pp
+5.6 pp
+3.7 pp
−0.5 pp
08 · compare level, then change

Profit Scale & Acceleration

Bikaji Foods International Ltd has the highest Net profit among the 3 FMCG - Snacks companies compared here, at ₹255 crore. Gopal Snacks Ltd is next at ₹84 crore. Prataap Snacks Ltd has the highest Profit growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: Bikaji Foods International Ltd leads with ₹255 crore of TTM profit, 203.6% above Gopal Snacks Ltd. Prataap Snacks Ltd shows ≥100% on the scoring scale growth from a ₹12 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderBikaji Foods International Ltd · ₹255 crore
Gap203.6% versus #2 · Gopal Snacks Ltd
Persistence5/8 recent comparable periods
Coverage3/3 companies · 57 observations

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.

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 profitlargest
2Gopal Snacks Ltd GOPAL₹84 Cr
3Prataap Snacks Ltd DIAMONDYD₹12 Cr
Profit growthfastest growers
1Prataap Snacks Ltd DIAMONDYD100%
2Gopal Snacks Ltd GOPAL100%
Net profit · company comparison
3/3 level · 3/3 change
All-company data · latest reported quarter
CompanyNet profitProfit growthReported
Bikaji Foods International Ltd BIKAJI₹59 Cr0.0%Jun 2026
Gopal Snacks Ltd GOPAL₹13 Cr333%Jun 2026
Prataap Snacks Ltd DIAMONDYD₹2 Cr258%Jun 2026
Full 20-quarter history · every available company

Net profit · reported quarter history

Bikaji Foods International Ltd · BIKAJI

₹29 Cr
₹11 Cr
₹25 Cr
₹16 Cr
₹42 Cr
₹40 Cr
₹38 Cr
₹41 Cr
₹60 Cr
₹46 Cr
₹116 Cr
₹58 Cr
₹69 Cr
₹28 Cr
₹40 Cr
₹59 Cr
₹78 Cr
₹62 Cr
₹56 Cr
₹59 Cr

Gopal Snacks Ltd · GOPAL

₹26 Cr
₹26 Cr
₹33 Cr
₹27 Cr
₹28 Cr
₹27 Cr
₹18 Cr
₹26 Cr
₹24 Cr
₹29 Cr
₹5 Cr
₹-40 Cr
₹3 Cr
₹26 Cr
₹15 Cr
₹30 Cr
₹13 Cr

Prataap Snacks Ltd · DIAMONDYD

₹15 Cr
₹-7 Cr
₹-3 Cr
₹-11 Cr
₹4 Cr
₹5 Cr
₹22 Cr
₹13 Cr
₹17 Cr
₹11 Cr
₹12 Cr
₹9 Cr
₹6 Cr
₹-38 Cr
₹-12 Cr
₹1 Cr
₹5 Cr
₹3 Cr
₹1 Cr
₹2 Cr

Profit growth · reported quarter history

Bikaji Foods International Ltd · BIKAJI

23%
45%
264%
52%
156%
43%
15%
205%
41%
15%
-39%
-66%
1.7%
13%
121%
40%
0.0%

Gopal Snacks Ltd · GOPAL

7.7%
3.9%
-45%
-3.7%
-14%
7.4%
-72%
-254%
-88%
-10%
200%
333%

Prataap Snacks Ltd · DIAMONDYD

88%
-240%
-143%
-73%
313%
116%
-44%
-30%
-63%
-452%
-196%
-93%
-25%
258%
09 · compare level, then change

Return On Capital Employed

Bikaji Foods International Ltd has the highest ROCE among the 3 FMCG - Snacks companies compared here, at 19.8%. Gopal Snacks Ltd is next at 11.7%. Prataap Snacks Ltd has the highest ROCE change at +4.7 percentage points, so level and change sit with different companies. 3 of 3 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Bikaji Foods International Ltd leads ROCE at 19.8%, 8.1 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.

LeaderBikaji Foods International Ltd · 19.8%
Gap69.2% versus #2 · Gopal Snacks Ltd
Persistence4/8 recent comparable periods
Coverage3/3 companies · 47 observations

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.

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.
ROCEhighest
3Prataap Snacks Ltd DIAMONDYD3.2%
ROCE changefastest improvers
1Prataap Snacks Ltd DIAMONDYD+4.7 pp
3Gopal Snacks Ltd GOPAL−5.0 pp
Return on capital · company comparison
3/3 level · 3/3 change
All-company data · latest reported quarter
CompanyROCEROCE changeReported
Bikaji Foods International Ltd BIKAJI17%+1.7 ppJun 2026
Gopal Snacks Ltd GOPAL12%−5.0 ppJun 2026
Prataap Snacks Ltd DIAMONDYD2.0%+4.7 ppJun 2026
Full 20-quarter history · every available company

ROCE · reported quarter history

Bikaji Foods International Ltd · BIKAJI

6.2%
12%
11%
13%
16%
19%
24%
25%
32%
25%
29%
15%
19%
15%
21%
17%

Gopal Snacks Ltd · GOPAL

44%
42%
37%
32%
34%
27%
27%
17%
1.2%
5.1%
3.1%
12%

Prataap Snacks Ltd · DIAMONDYD

1.9%
2.1%
0.6%
-1.1%
-2.2%
-0.5%
0.1%
5.5%
6.7%
9.1%
9.0%
10%
5.8%
-1.0%
-2.7%
-6.0%
-3.6%
0.9%
2.0%

ROCE change · reported quarter history

Bikaji Foods International Ltd · BIKAJI

+6.5 pp
+4.6 pp
+6.5 pp
+9.0 pp
+5.7 pp
+4.7 pp
−10.2 pp
−13.2 pp
−10.1 pp
−7.6 pp
+1.7 pp

Gopal Snacks Ltd · GOPAL

−11.9 pp
−14.3 pp
−10.0 pp
−14.5 pp
−32.5 pp
−22.1 pp
−23.7 pp
−5.0 pp

Prataap Snacks Ltd · DIAMONDYD

−4.1 pp
−2.6 pp
−0.5 pp
+6.6 pp
+8.9 pp
+9.6 pp
+8.9 pp
+4.5 pp
−0.9 pp
−10.1 pp
−11.7 pp
−16.0 pp
−9.4 pp
+1.9 pp
+4.7 pp
10 · compare level, then change

Valuation Against Growth & Quality

Bikaji Foods International Ltd has the lowest PEG among the 3 FMCG - Snacks companies compared here, at 2.03×. Prataap Snacks Ltd is next at 5.29×. The same company also holds the lowest P/E, at 52.6×. 3 of 3 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Bikaji Foods International Ltd has the lowest comparable PEG at 2.03×, 61.6% below Prataap Snacks Ltd. Only 3 of 3 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderBikaji Foods International Ltd · 2.03×
Gap61.6% versus #2 · Prataap Snacks Ltd
Persistence0/8 recent comparable periods
Coverage3/3 companies · 5 observations

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.

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 feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.
PEGlowest PEG
2Prataap Snacks Ltd DIAMONDYD5.3
P/Elowest P/E
2Gopal Snacks Ltd GOPAL58.4
3Prataap Snacks Ltd DIAMONDYD208.0
Valuation · company comparison
3/3 level · 3/3 change
All-company data · latest reported quarter
CompanyPEGP/EReported
Gopal Snacks Ltd GOPAL8.678.5Jun 2026
Prataap Snacks Ltd DIAMONDYD5.3246.2Jun 2026
Bikaji Foods International Ltd BIKAJI2.061.4Jun 2026
Full 20-quarter history · every available company

PEG · reported quarter history

Bikaji Foods International Ltd · BIKAJI

1.6
1.1
2.0

Gopal Snacks Ltd · GOPAL

8.6

Prataap Snacks Ltd · DIAMONDYD

5.3

P/E · reported quarter history

Bikaji Foods International Ltd · BIKAJI

139.8
116.2
76.5
74.8
75.2
65.5
67.4
85.0
65.9
60.8
94.2
90.5
86.9
62.0
61.4

Gopal Snacks Ltd · GOPAL

39.7
41.3
54.8
48.5
39.0
65.2
101.8
152.9
88.4
78.5

Prataap Snacks Ltd · DIAMONDYD

60.3
63.4
48.8
76.4
228.9
223.4
85.1
89.0
45.0
44.1
34.3
40.7
50.7
79.0
132.2
148.5
-55.5
-842.4
249.0
246.2
11 · before the conclusion, check the blind spots

What can make this comparison misleading?

This FMCG - Snacks comparison names 4 specific ways its own evidence can mislead, all listed below. All 3 companies here report on comparable dates, so no rank carries a stale marker. A high growth rate can still be a low-base artefact.

Keep these limits visible

  • 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.
12 · evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 3 FMCG - Snacks companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-09-11. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-09-11 · weekly price and relative-strength history
Derived metricsGrowth, changes and PEG are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Source standing3 cross-checked · 0 unverified · 0 withheld, of 3 graded companies.
How a second data feed is admitted, and what happens when it disagrees

A second feed is read only after its reported income is matched against the primary source on at least three overlapping periods. Where the two agree the figures fill silently. Where there is too little shared history to compare, the figures are still drawn — they are the only evidence there is — and marked ⚠ unverified everywhere they appear. Where the two are known to disagree, nothing from the second feed is drawn and the affected company is named under the chart it is missing from.

13 · questions investors ask, short speakable answers

FMCG - Snacks company comparison FAQs

These 23 answers restate the FMCG - Snacks comparison above in question form. Every one is computed from the same 3 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-09-11. Nothing here is estimated, and none of it is a recommendation.

Is the FMCG - Snacks sector outperforming NIFTY 500?

FMCG - Snacks has underperformed NIFTY 500 by 16.9% over 52 weeks and 8.8% over 13 weeks. 1 of 3 covered companies beat NIFTY on Mansfield relative strength, while 1 of 3 beat the sector itself.

Which FMCG - Snacks company is largest by revenue?

Bikaji Foods International Ltd leads with revenue of ₹3,075 crore, based on 3 of 3 comparable companies through Jun 2026.

Which FMCG - Snacks company is growing fastest?

Bikaji Foods International Ltd has the fastest current revenue growth at 13.9%, across 3 of 3 comparable companies.

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

Bikaji Foods International Ltd ranks first at 52.1/100 with 97% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which FMCG - Snacks company has the lowest comparable PEG?

Bikaji Foods International Ltd has the lowest comparable PEG at 2.03, among 3 of 3 companies whose earnings and growth are steady enough for the ratio to mean anything.

How much history does this FMCG - Snacks comparison include?

The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Jun 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.

Is there a Nifty FMCG - Snacks index?

NSE India maintains Nifty indices for several broad sector categories — Nifty Bank, Nifty IT, Nifty Pharma and others — but not for every sub-sector grouping on this site. Whether or not an official Nifty index covers FMCG - Snacks, this page builds its own equal-weight basket of 3 listed FMCG - Snacks companies — one company, one vote, regardless of market value — so no single large company dominates the reading. Figures are as of Jun 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 Jun 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 Jun 2026.

Which FMCG - Snacks company is the biggest?

Bikaji Foods International Ltd is the largest, with trailing-twelve-month revenue of ₹3,075 crore, ahead of Prataap Snacks Ltd at ₹1,806 crore. That covers 3 of 3 companies with comparable reporting through Jun 2026.

Which FMCG - Snacks company has the best profit margins?

Bikaji Foods International Ltd has the highest operating margin at 13%, from 3 of 3 comparable companies. Gopal Snacks Ltd shows the biggest recent improvement, at +2.3 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. Prataap Snacks Ltd has the fastest profit growth at the ≥100% scoring cap, 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 19.8%, 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 PEG — where a LOWER number is cheaper — Bikaji Foods International Ltd screens cheapest at 2.03×. All 3 companies qualify for the ratio comparison. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

Is the FMCG - Snacks sector beating the market?

FMCG - Snacks has underperformed NIFTY 500 by 16.9% over the last 52 weeks and 8.8% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 1 of 3 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

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 52.1 out of 100 with 97% evidence confidence, from 22.9 points on growth and earnings, 17.3 on capital efficiency, 11.9 on valuation and 0 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, ending Jun 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 ₹19,607 crore of combined market value. Bikaji Foods International Ltd is the largest at ₹13,747 crore, about 70% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-09-17.

How is the FMCG - Snacks sector performing?

1 of the 3 covered FMCG - Snacks companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 16.9% behind NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-09-17.

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.

Not SEBI Registered !! Not Investment advice !!

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