Patanjali Foods reported a 17% year-on-year increase in revenue from operations to Rs 11,217 crore for the quarter, driven by robust performance in its edible oils and FMCG segments. However, rising input costs, particularly in packaging materials, pressured margins.
The company's gross profit stood at Rs 1,398 crore, with a margin of 12.47%. The cost of goods sold increased by 294 basis points as a percentage of revenue year-on-year. EBITDA, excluding exceptional items, was Rs 502 crore, translating to a margin of 4.48%.
The edible oils segment remained the largest revenue contributor, generating Rs 8,324 crore, up 23% year-on-year. Palm oil prices surged nearly 20% during the quarter, influenced by higher import costs and global supply concerns. The FMCG segment also performed well, with revenue rising 14% to Rs 2,890 crore and contributing significantly to the company's earnings.
Within the FMCG segment, biscuits were a key growth driver, with quarterly revenue increasing nearly 14% to Rs 478 crore. The skincare category also saw substantial growth, with revenue rising 58% year-on-year.
Patanjali Foods' annual revenue from operations reached a record Rs 40,170 crore, marking a 19% increase over the previous fiscal year. The company continued to expand its oil palm plantation business, with the cultivated area growing 24% year-on-year.
Background
Patanjali Foods has been focusing on expanding its product portfolio and increasing its market share in the FMCG sector. The company's strategic initiatives in the edible oils business align with the government's push for self-sufficiency in edible oil production.
Looking ahead, Patanjali Foods aims to navigate the challenges of rising input costs while capitalizing on growth opportunities in its core segments. The company's focus on expanding its oil palm plantations and strengthening its FMCG portfolio will be key areas to watch.
