India's Gopal Snacks hits record low on Q3 profit, margins drop
** Shares of Gopal Snacks GOPA.NS drop 7.8% to a record low of
295.85 rupees
** Savoury ethnic snacks maker's Q3 profit after tax dropped
70.3% y/y, EBITDA margin fell to 3.9% from 9.6% a year ago
** Co said higher raw material costs, fire incident at a
Gujarat facility impacted earnings in the quarter
** GOPA stock down ~16% since debut on March 14
(Reporting by Manvi Pant in Bengaluru)
((Manvi.Pant@thomsonreuters.com; +918447554364;))
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