Lower import duties and strong edible oil sales lift Patanjali Foods’ Q2 earnings, with revenue up 21 per cent year-on-year
Patanjali Foods reported a 67.4 per cent year-on-year jump in its consolidated net profit for the September quarter, aided by strong demand in its edible oils segment and cost efficiencies following a reduction in import duty on crude edible oils.
The Sunrich edible oil maker’s net profit rose to Rs. 516.69 crore (USD 58.8 million) in Q2 FY26, up from Rs. 308.58 crore in the same period last year. Revenue climbed 20.9 per cent to Rs. 9,798.80 crore from Rs. 8,101.56 crore a year ago.
Earnings before interest, tax, depreciation, and amortisation (EBITDA) rose 19 per cent year-on-year to Rs. 552.05 crore, while operating margins stood at 5.6 per cent compared with 5.7 per cent a year earlier.
The company’s performance was boosted by the government’s decision to cut import duty on crude edible oils to 10 per cent from 20 per cent. The move, aimed at containing inflation and supporting domestic refining, lowered processing costs and improved profitability across the edible oil value chain.
Revenue from Patanjali’s edible oils division, which contributes nearly 70 per cent of its overall business, grew 17.2 per cent during the quarter to Rs. 6,972 crore. The company also reduced prices on select edible oils, including ghee, passing on benefits from the recent goods and services tax (GST) rate cut to consumers.
Total revenue for the quarter stood at Rs. 9,799 crore, marking a 21 per cent increase from last year.
Shares of Patanjali Foods closed 1.15 per cent lower at Rs. 602.55 apiece on the National Stock Exchange on Friday before the results announcement.
Larger competitors such as AWL Agri Business and Marico, the maker of Saffola, are yet to release their quarterly earnings.
