Mumbai, September 9 (Kiran News) — Shares of Gopal Snacks surged nearly 5 percent on Tuesday after the FMCG company announced that it has entered into long-term agreements for third-party manufacturing facilities in Hiryur (Karnataka) and Kashipur (Uttarakhand).
The move is aimed at strengthening the company’s distribution network and deepening market penetration in both southern and northern India, ensuring steady growth momentum and improved service to trade partners.
The Hiryur plant in Karnataka, with a capacity of 4,400 MTPA, will produce wafers, snack pallets, corn products, and related items. The facility will focus on enhancing Gopal Snacks’ presence in southern markets by serving dealers more effectively.
The Kashipur plant in Uttarakhand, with a capacity of 5,900 MTPA, will manufacture namkeen (including gathiya), snack pallets, and corn products. The facility is expected to strengthen the company’s presence in northern India.
On the BSE, Gopal Snacks was trading at ₹381.05, up by ₹17.50 or 4.81 percent from the previous close of ₹363.55. The stock opened at ₹361.70 and touched an intraday high of ₹384.95 and a low of ₹361.70. A total of 42,843 shares changed hands during the session.
The Group ‘B’ stock, with a face value of ₹1, has a 52-week high of ₹519.95 (November 6, 2024) and a 52-week low of ₹253.00 (March 18, 2025). Over the last week, it has traded between ₹357.05 and ₹388.35.
Gopal Snacks’ market capitalization currently stands at ₹4,769.30 crore. Promoters hold 81.47 percent stake, while institutions and non-institutional investors own 8.44 percent and 10.08 percent, respectively.
The company is engaged in the FMCG sector, offering a wide range of ethnic and western snacks in India and international markets.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.