CCI Approves Acquisition Of Patanjali Ayurved’s Home & Personal Care Biz
Patanjali Foods is eyeing to strengthen its position in the fast-moving consumer goods (FMCG) market through the acquisition
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Patanjali Q3 Net Profit Slips 19%, Revenue Remains Flat
- by BW Retail World Bureau
- February 9, 2024
Patanjali Foods on Thursday reported a 19.3 per cent year-on-year (YoY) drop in net profit for the quarter ended December to Rs 217 crore. Revenue from operations fell 0.2 per cent to Rs 7,911 crore. Sequentially, the topline rose just 1.1 per cent, while the bottomline dropped by nearly 15 per cent. The primary food […]
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Edible Oil Stocks Experience Upward Surge, Adani Wilmar And Patanjali Foods Among Top Gainers By 7.5%
- by BW Retail World Bureau
- December 23, 2023
The shares of several edible oil companies such as Adani Wilmar, Patanjali Foods and Kriti Nutrients jumped by up to 7.5 per cent in Friday’s trade, after the Indian government announced that they would allow the import of edible oils at lower tax rates until March 2025. Adani Group’s fast-moving consumer goods (FMCG) firm Adani […]
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ITC Considers Re-entry Into Edible Oil Market With Adani Wilmar Stake Acquisition
- by BW Retail World Bureau
- November 29, 2023
In a surprising turn of events, it has been reported that Kolkata-based conglomerate ITC is contemplating a potential re-entry into the edible oil business, nearly two decades after it divested its edible oil plant in Andhra Pradesh to Adani Wilmar. According to media reports, ITC’s interest in Adani Wilmar has been sparked by its growing […]
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Patanjali Foods’ Edible Oil Revenue Declines On Global Price Downturn
- by BW Retail World Bureau
- November 13, 2023
Patanjali Foods experienced a decline in its revenue from edible oil sales in the July-September quarter, attributed to a decrease in domestic prices influenced by a global price downturn, as per CEO Sanjeev Asthana. Asthana explained that since India heavily relies on edible oil imports, any fluctuations in global prices have a corresponding impact on […]
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Patanjali Foods’ Net Profit Plunge By 64% In Q1FY23
- by BW Retail World Bureau
- August 12, 2023
Patanjali Foods saw a significant decline in its net profit for the first quarter of 2023. The company’s financial results revealed a nearly 64 per cent year-on-year (YoY) plunge in net profit, settling at Rs 878 crore. But despite this setback, the company experienced a growth of almost 8 percent in revenue from operations, reaching […]
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Patanjali Foods Sets Ambitious Growth Target of Rs 50,000 Cr In 5 Years
- by BW Retail World Bureau
- June 13, 2023
Patanjali Foods has unveiled an ambitious growth plan aimed at achieving an operational profit of Rs 5,000 crore and a turnover exceeding Rs 50,000 crore in the next five years. In an interview with the news agency PTI, Ramdev expressed the company’s strong desire to expand its food and FMCG business, as well as its […]
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Patanjali Foods To Set Up Food Processing Unit In Telangana’s Nalgonda District
- by BW Retail World Bureau
- May 1, 2023
Patanjali Foods Limited has signed a Memorandum of Understanding with the Telangana government to establish a food processing unit in the Nalgonda district. The company was formerly known as Ruchi Soya Industries Limited. The food processing unit will come up at Uppalancha village with a capital investment of Rs 1,050 crore, Patanjali Foods informed stock […]
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Shareholding Freeze Won’t Impact Company’s Financial Position: Patanjali Foods’ Promoters
- by BW Retail World Bureau
- March 16, 2023
The promoters of Patanjali Foods on Thursday said they do not foresee any adverse or negative impact on the financial position of the company owing to the instant freeze of promoters’ shareholding by the stock exchanges. Earlier, the stock exchanges had put a freeze on the shares owned by the promoters for not meeting the […]