Latest news with #Avadh
Business Standard
06-05-2025
- Business
- Business Standard
Prataap Snacks records net loss of nearly Rs 12 crore in Q4 as input prices surge
Prataap Snacks has reported a net loss of Rs 11.94 crore in Q4 FY25 as against a net profit of Rs 12.38 crore in Q4 FY24. Net sales rose by 3.1% year-over-year (YoY) to Rs 398.53 crore during the period under review. Total operating expenditure increased by 12.2% YoY to Rs 395.66 crore in Q4 FY25, due to higher raw material costs (up 18.6% YoY) and higher other expenses (up 3.4% YoY). Profit before interest, depreciation and taxes dropped by 81% to Rs 7.21 crore in the fourth quarter from Rs 37.99 crore recorded in the same period last year. The company posted a pre-tax loss of Rs 11.02 crore in Q4 FY25 as against a pre-tax profit of Rs 16.90 crore in Q4 FY24. Prataap Snacks has recorded a net loss of Rs 34.27 crore in FY25 as against a net profit of Rs 53.12 crore in FY24. Net sales for FY25 were Rs 1,699.08 crore, up 5.5% YoY. Amit Kumat, MD, Prataap Snacks, said: In FY25, we witnessed sustained inflationary pressures and weak consumption trends which have impacted demand for consumer products. The impact is more visible in the value segment. Given this backdrop, we are pleased to report positive revenue growth of 6% YoY for FY25 and 3% YoY in Q4FY25. Topline growth in Q4 would have been slightly higher, but for some lost sales due to the fire in our Jammu facility. We have enhanced capacities at other facilities located in North India towards end of the quarter. Our sharpened focus on core markets, data-driven sales strategies, and expanded distribution have been key enablers of the topline growth. In addition to witnessing encouraging trends in market share, we are pleased that our leadership in extruded snacks remains intact. During the year, we witnessed a sharp rise in input costs, especially palm oil and potatoes with other inputs also witnessing inflationary pressures. Our ongoing cost optimization initiatives delivered meaningful impact, easing some part of the margin pressures. As input prices eased slightly towards the end of the fiscal, we reported improved profitability in Q4 over Q3. Despite a challenging year, we have delivered a positive cash profit and improved working capital further. Looking ahead to FY26, our focus will be to drive sustainable profitable growth through sharper cost control, distribution expansion, and technology-led governance. Prataap Snacks (PSL) is a leading Indian snacks food company. It offers multiple variants of products across categories of potato chips, extruded snacks, namkeen (traditional Indian snacks) and cakes under the popular and vibrant Yellow Diamond and Avadh brands. The scrip shed 0.91% to currently trade at Rs 1195.15 on the BSE.
Time of India
04-05-2025
- Lifestyle
- Time of India
Hanging by the thread: Delhi's streetside tailors stitch survival amid fading demand
NEW DELHI: From the bustling lanes of the slums in Govindpuri , where 65-year-old Ram Avadh sits with his trusted sewing machine, to the affluent neighbourhood of Chittaranjan Park, where 38-year-old Mohammad Azad works, winter or summer, Delhi's road-side tailors are a part of the metro's sartorial life. You Can Also Check: Delhi AQI | Weather in Delhi | Bank Holidays in Delhi | Public Holidays in Delhi At a time when readymade is the go-to in clothing and when custom tailoring , common in the earlier eras, now favours wealthier clients with the prestige of 'bespoke' fitting, small sewing needs of colonies are often unmet. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Secure Your Child's Future with Strong English Fluency Planet Spark Learn More Undo So, if it weren't for people like Avadh or Azad, the extra-long trouser, the flailing kurta, even the curtain cloth, would have to be left unused in the wardrobe. And for many who can't afford factory-sewn clothing, these streetside workers are still the best bet. Wasim Ahmed, aged 63, sits under the Barapullah flyover beside Kushak Nullah. 'My family in Lucknow had many tailors,' he said. 'After a shop in Meherchand Market where I worked closed, I am happy now serving the slum dwellers and people of the nearby govt residential area.' Mohammad Mehdi Hasan, a cancer survivor from Supaul district of Bihar, too is content sitting near the MCD portacabin at Lodhi Colony. 'I am a poor man, but my heart expands when I see children of our slum wearing the clothes I stitched,' he smiled. Once everyone flocked to the local tailor shop and dressmakers like CR Park's 73-year-old Shamsuddin or Mohammad Azad at Tughlaqabad Extension were household names. But with people no longer going to the tailors to have their kurta suits and shirt-pants sewn, these local outfitters now mostly carry out minor repairs and alterations rather than create new garments for people. This transition marks a significant challenge, as tailors ponder whether future generations will persist with the trade. Already, many of the children of tailor households have moved away from the needle-and-thread profession. But the veterans persist. After 42 years on the streets in south Delhi, Avadh proudly describes himself as an 'artist'. Much younger at 46 years, Arun Poddar of east Delhi who learnt his craft in Punjab, similarly asserted, 'Our needle stitch lives in Delhi.'
