Prataap Snacks share price today

Prataap Snacks Ltd's share price was ₹1,049.50 at the close on 4 November 2026. It has been rising for 19 weeks. That is 3.6% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹908 and ₹1,227, and at that close it sat 44% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Prataap Snacks Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 8 weeks running.

Over the last 9.1 years the share price moved −18% while the NIFTY 500 moved +149%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 11 September 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: foreign funds (FIIs) cut their stake for 7 quarters in a row, profit fell in the September 2026 quarter and promoters raised their stake for 3 quarters in a row.

1. Foreign funds (FIIs) cut their stake for 7 quarters in a row

   From 7.4% to 4.2% of the company by the September 2026 quarter.

2. Profit fell in the September 2026 quarter

   Profit was ₹-3 crore, -159.3% on a year earlier (₹5 crore), after 3 quarters of growth.

3. Promoters raised their stake for 3 quarters in a row

   From 54.8% to 58.8% of the company by the September 2026 quarter.

For July to September 2026 (the quarter ended 30 September 2026), Prataap Snacks reported revenue of ₹544 crore, up 25.9% from ₹432 crore a year earlier, and a loss of ₹2.75 crore, down 159.3% from ₹4.64 crore.

Prataap Snacks results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

The newest call in our records is from 28 September 2026, about April to June 2026; a call about these results is not in our records yet.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

Prataap Snacks closed at ₹1,049.50 on 4 November 2026, down 3.1% from ₹1,083.40 a year earlier (7 November 2025) and up 49.3% over five years. Its highest weekly close since October 2017 was ₹1,401.95 on 20 April 2018.

Prataap Snacks share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

480 weekly closes from 6 October 2017 to 4 November 2026.

4 Nov 2026: Prataap Snacks closed at ₹1,049.50, up 0.0% on the week and down 2.2% on the month. Results for July to September 2026: Revenue up 25.9% and profit down 159.3% on a year earlier.

Earlier

• 28 Sep 2026: Prataap Snacks held its results call for April to June 2026. Management guided: FY27 revenue growth at double-digit levels.
• 18 Sep 2026: ex-date for a dividend of ₹0.50 a share.
• Our read, 19 Jul 2026: Prataap Snacks runs the third-largest branded snacks network in India (2 million+ outlets), with its biggest structural lever, distribution compression, already executed (costs cut from 14% to ~10% of revenue). FY24 operating profit rose 126% to 141 Cr on the back of input cost normalization and network restructuring, with management aiming for double-digit operating margin.

Our read of the business

Prataap Snacks runs the third-largest branded snacks network in India (2 million+ outlets), with its biggest structural lever, distribution compression, already executed (costs cut from 14% to ~10% of revenue). FY24 operating profit rose 126% to 141 Cr on the back of input cost normalization and network restructuring, with management aiming for double-digit operating margin.

Latest quarter: Input cost spike reverses FY24 gains, operating profit back to 4.3% as potato prices surge 60 to 65%.

Our read after the latest results, written 19 July 2026.

Prataap Snacks paid ₹0.50 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.05% at the ₹1,049.50 close on 4 November 2026. The last was a dividend of ₹0.50 a share, ex-date 18 September 2026.

Prataap Snacks dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Not in its latest year. Prataap Snacks Ltd paid out 0% of its profit as dividends in FY26. It did pay a dividend in 7 of its last 15 reported years, so there is a history but no current dividend.

From the NSE corporate-actions record, read 5 November 2026.

On the call for April to June 2026, held on 28 September 2026, Prataap Snacks' management guided: FY27 revenue growth at double-digit levels.

“We do not want to invest even a single rupee in expanding distribution because the entire idea is to leverage the existing distribution first.”Sumit Sharma, CFO, on the call for April to June 2026

What management guided

• Structural cost savings of 2%-3% over the medium term across operations, logistics and channels.
• Sustainable operating margin of approximately 9%-10% over the next 2-3 years.
• Logistics savings of 75-100 basis points through lower inter-unit transfers.
• Distributor margin can move toward 8% without disrupting sales.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 28 September 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.

What is changing at Prataap Snacks, from the latest results and calls: distribution cost compression, namkeen category expansion and pli scheme benefit.

• Distribution Cost Compression. Direct distribution reduced channel costs from 14% to ~10% of revenue, a permanent 3 to 4 percentage point operating profit gain that does not require commodity cooperation. ⚠ estimate
• Namkeen Category Expansion. Namkeen grew 16% in FY24 and is planned to reach 20 to 23% of revenue (from under 13%), reducing dependence on the commoditized potato chips segment. ⚠ estimate
• PLI Scheme Benefit. PLI benefits of 26 to 27 Cr planned for FY24 at 14% revenue growth; scheme extends to FY27, providing a non-recurring but meaningful profit boost contingent on growth thresholds. ⚠ estimate
• Operating Leverage on Scale-Up. At 60% capacity utilization, an increase to 80% would add contribution without proportionate fixed cost growth, with Jammu and Rajkot plants expanding total capacity potential to 2,600 to 2,700 Cr annually. ⚠ estimate

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown.

Our read after the latest results, written 19 July 2026.

If operating margin crosses 9% for two consecutive quarters with potato prices still elevated, demonstrating that the distribution savings and premiumization are real operating levers independent of commodity tailwinds, the thesis strengthens materially. Conversely, if promoter stake falls below 50% or operating margin remains stuck below 6% through FY26, the thesis fails: this becomes a commodity-input lottery with no durable margin architecture.

Each change stops working if

• Distribution Cost Compression: Revenue growth requires reinstating wholesale distribution (e.g., rural reach reversion) or transportation cost inflation offsets the savings from route optimization.
• Namkeen Category Expansion: Competitive intensity in Namkeen increases from national players (ITC, Haldirams) entering the same price points, eroding the category-share and per-unit margin advantage.
• PLI Scheme Benefit: Revenue growth falls below the 10% yearly growth threshold from FY20, triggering a PLI reversal as happened in FY23.
• Operating Leverage on Scale-Up: Demand environment stays soft (rural income pressure) and capacity utilization stays at 60%, meaning fixed cost dilution does not materialize and the new facilities remain a drag on ROCE.

The main risks

• Commodity Input Cost Volatility: Potato prices rose 60 to 65% year-on-year in July to September 2024, causing operating profit to fall from 8.7% to 4.3% in one quarter, the ₹5 price point creates a structural ceiling on cost pass-through. ✓ fact
• Stale Data, 13 Quarters Behind: The last available quarterly print is Mar 2023; 13 quarters of fundamental data are missing, making any near-term profit or operating profit projection highly uncertain. ✓ fact
• Competition from Unorganized and Large Players: Local unorganized players gained 3% market share in potato chips in the prior 1.5 years; ITC and national players compete in Namkeen, the growth segments face two-front competition. ✓ fact

Our read after the latest results, written 19 July 2026.

When Prataap Snacks reports October to December 2026, these are the 4 checks that show whether the story is still on course. First: Quarterly revenue growth versus the FY27 framework - check whether packet-volume momentum continues without a renewed price-volume trade-off.

Prataap Snacks is not on any of our India lists this week.

Prataap Snacks Ltd posted a net loss of ₹2.8 Cr in the Sep 2026 quarter. Full-year FY26 profit was ₹10.0 Cr. Over 10 years profit has grown −9.5% a year on average. That loss is 0.5% of the quarter's revenue. The same quarter a year earlier earned ₹4.6 Cr. 3 of the last 12 reported quarters were loss-making.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

Sep 2026 profit was −₹2.8 Cr, −159.3% on a year earlier.

Prataap Snacks Ltd reported ₹544 Cr of revenue in the Sep 2026 quarter, +25.9% on the same quarter a year earlier. That is the 4th quarter in a row with growth on the year before. Over 10 years it has grown 8.6% a year on average. The last full year, FY26, came in at ₹1,725 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹1,918 Cr.

FY26 revenue was ₹1,725 Cr, +1.0% on the year before.

Recent pace: the last four quarters grew +13.6% on average, against 8.6% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +13.6%, against +7.5% a year over the last 8 quarters (accelerating).

Prataap Snacks Ltd's operating margin was 2.4% in the Sep 2026 quarter, 2.9 percentage points lower than the same quarter a year ago. Across 15 years it has been between 2.9% and 11.0%. The latest quarter is below every full year in that period.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why this happened. The distribution network redesign, shifting from indirect wholesale to direct truckload delivery, is the clearest structural improvement in the business. More than 90% of sales now flow through direct distributors. Management cited 3.25% savings in FY23 and expects another 0.5 to 1% from mapping goal markets with production facilities. This lever has already fired; the question is whether additional optimization remains.

Why the margin moved: operating margin changed −2.9 percentage points on the year while gross margin changed −4.3 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 310% of Prataap Snacks Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹50.0 Cr of operating cash against ₹10.0 Cr of profit. After ₹38.0 Cr of spending on assets, ₹12.0 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 310% of profit came in as cash: the cash cycle got 17 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner.

What to look at next: no single use of cash stands out. The next section checks both the cash tied up in daily operations and the spending on assets.

Prataap Snacks Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 10 days in FY26, down from 27 days in FY21. It spent ₹166 Cr on assets over the last 3 years. Customers take 5 days to pay, and stock sits for 39 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹1,725 Cr, each day of that cycle ties up about ₹4.7 Cr, so roughly ₹47.0 Cr is tied up in the business at any time.

FY26: customers took 5 days to pay and stock sat for 39 days, about 1.3 months of sales sitting as stock, for a full cycle of 10 days, shorter than FY21's 27.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 39 days. Customers pay about 5 days after that. Suppliers are paid at 33 days. Together that makes the 10-day cycle.

Spending on assets: ₹166 Cr over the last 3 years, against ₹202 Cr of depreciation (the yearly wear and tear on existing assets). So it is spending about what it takes to replace what wears out, or less. Work still in progress is ₹4.0 Cr (FY26): assets paid for that are not earning yet.

In short: neither the daily cycle nor new spending is soaking up the cash, so the picture is fairly clean.

Prataap Snacks Ltd's P/E is 654.3×, about the highest it has ever been. Its usual P/E (the middle reading) is 92.9×, over 9.1 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Sep 2026 add up to ₹1.72.