Prataap Snacks fell 3.47% to Rs 720 after the company's consolidated net profit declined by 17.6% to Rs 4.55 crore on a 6.8% fall in net sales to Rs 334.33 crore in Q3 FY21 over Q3 FY20. In the third quarter, operating EBITDA was at Rs 17.56 crore, translating to a margin of 5.2%. Profit before tax in Q3 December 2020 stood at Rs 5.37 crore, down by 24.6% from Rs 7.12 crore in Q3 December 2019. Current tax expense during the quarter increased by 43.3% year-on-year (YoY) to Rs 1.39 crore. Commenting on the Q3 FY21 performance, Amit Kumat - MD, Prataap Snacks, said; "I am pleased to share that we have delivered an encouraging performance during Q3 with growth on sequential basis despite seasonality in the quarter. This is a clear indicator of demand picking up in our key markets. We continue to explore alternate channels to expand our market reach even as the distribution network steadily rebuilds momentum.