Gopal Snacks Limited Expands Distributor Network

Gopal Snacks Limited has announced a strategic expansion in its distribution network, having successfully added over 110 new distributors in the past five months. This development increases the company's total distributor base to 785, significantly enhancing its retail touchpoints across various regions.

This growth strategy includes a concentrated effort in our focus states, where 89 new distributors have been added, bringing the total number of distributors in these markets to 399. By strengthening our presence in these key areas, we aim to achieve deeper market penetration, enhance brand visibility, and capture a larger market share. This strategic expansion is crucial to enhancing product accessibility and reinforcing our commitment to increasing brand awareness.

In addition to expanding in focus states, the company has also extended its reach in other regions by adding 25 new distributors. This brings the total number of distributors in these states to 100. This strategic move is to facilitate entry into previously untapped markets and broaden our geographical footprint. By establishing a stronger presence in these new territories, Gopal Snacks Limited is positioning itself to capitalize on emerging opportunities and drive growth across a wider array of markets.

Commenting on the performance Mr. Raj Hadvani, CEO said: "This strategic growth in our distribution network represents a pivotal milestone for Gopal Snacks Limited. By enhancing our presence in both focus and other states, we are poised to significantly boost our sales performance and market visibility. This reflects our ongoing commitment to work upon our key growth drivers."

Shares of Gopal Snacks Limited was last trading in BSE at Rs. 338.65 as compared to the previous close of Rs. 340.15. The total number of shares traded during the day was 19313 in over 529 trades.

The stock hit an intraday high of Rs. 342.70 and intraday low of 335.80. The net turnover during the day was Rs. 6536511.00.

Source : Equity Bulls

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