Prataap Snacks Limited — Earnings Release 2020

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Prataa Snacks Limited PSL p ( ) REPORTS HEALTHY PERFORMANCE for FY20 REVENUE GROWS 19.1% ON A YOY BASIS Q4FY20 revenues up 2.5% | Q4FY20 Operating EBITDA margin 4.4%

Indore, June 17, 2020: Prataap Snacks Ltd. (PSL), (BSE- 540724), (NSE- DIAMONDYD) a leading Indian Snack Foods Company has announced its financial results for the quarter and full year ended 31[st] March 2020:

In FY20, PSL reported:

• Revenue of Rs. 13,937.9 million, registering double digit growth of 19.1% yoy

• Operating EBITDA of Rs. 936.8 million, translating to a margin of 6.7%

• PAT stood at Rs. 469.2 million in FY20

• EPS (Diluted) was at Rs. 20.01 per share in FY20

• o The Board of Directors have recommended a dividend of Rs. 1 per share (face value of Rs. 5.00 per share)

In Q4 FY20, PSL reported:

• Revenue of Rs. 3,141.7 million, registering growth of 2.5% yoy

• Operating EBITDA of Rs. 137.1 million, translating to a margin of 4.4%

• PAT stood at Rs. 197.6 million in Q4FY20

• EPS (Diluted) was at Rs. 8.42 per share in Q4FY20

Commenting on the FY20 performance, Mr. Amit Kumat – MD, Prataap Snacks Limited said;

“We delivered a robust performance in FY20 with revenue growth of 19.1% despite moderate consumption trends across the country. Even as we were witnessing an upswing in demand in January and February with a growth of more than 15% yoy, the rapid spread of the COVID-19 pandemic and subsequent lockdown disrupted the momentum.

The last few months have witnessed unprecedented disruption in economic activity, manufacturing operations and supply chains due to the Covid-19 pandemic. Despite being a processed food company our mother plants at Indore received permission from local authorities to restart operations only in mid-May (Indore being a Covid hotspot), that too with reduced capacity. As a result, we were able to operate at only 25% and 50% of the pre-Covid level, on an overall basis, respectively in April and May. This was largely enabled by our Guwahati plant and 3P’s across India which had restarted operations from mid-April in a progressive manner.

I am pleased to share that major disruptions are largely behind us and as on date, overall operations have reported an utilisation level of over 80% of the pre-Covid level.

While we begin FY21 on a cautious note, we see the current economic challenges due to COVID19 as a temporary phase and expect the business to ramp up in coming quarters as normalcy returns. We are confident of higher volumes across our products on the back of our fourpillar growth strategy. Contract manufacturing facilities set up over the last 24 months and the enhanced capacity for Avadh provides us headroom to scale up the salty snacks business even as we look to build on the momentum in the sweet snack business.”

–ENDS–

About Prataap Snacks Ltd

Prataap Snacks Ltd. (PSL) is a leading Indian Snack Foods Company. It offers multiple variants of products across categories of Potato Chips, Extruded Snacks, Namkeen ( traditional Indian snacks ) under the popular and vibrant Yellow Diamond brand. It has recently launched a range of sweet snacks under the distinctive Rich Feast brand. PSL is focused on offering deep value to consumers through a variety of pack sizes at attractive price points. Its products are present across 27 states in India and it is one of the fastest growing companies in the organized snacks industry.

Headquartered in Indore, India; PSL operates 14 manufacturing facilities of which 5 facilities (Indore 1&2, Assam 1&2 and Gujarat) are owned and 9 facilities [located in Ahmedabad (2), Kolkata (2), Bangalore (2), Kashipur, Karjat and Hissar) are on contract manufacturing basis. Its distribution network includes more than 240 super stockists and more than 4,100 distributors allowing it extensive reach across the country. PSL has a wide presence that is equally spread in metro cities and urban clusters as well as in rural areas and Tier 2 and 3 cities and towns. Its products are available at independent grocers and small retail stores in the lanes and bylanes of its key markets and it is now building up its presence in supermarkets, hypermarkets and modern trade outlets.

Led by an able and experienced leadership and guided by an accomplished Board of Directors, PSL is a socially responsible corporate citizen with a strong focus on Corporate Governance and Internal controls. Following a successful IPO in September 2017, PSL is now listed on the Bombay Stock Exchange (BSE:540724) and National Stock Exchange (NSE:DIAMONDYD) in India.

For further information please contact:

Sumit Sharma Prataap Snacks Limited Tel: +91 731 2439 999 Email: [email protected]

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 materially from those contemplated by the relevant forward-looking statements. Prataap Snacks Limited (PSL) will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward looking statements to reflect subsequent events or circumstances.