Synopsis
Patanjali Foods experienced a significant 11.2% increase in Q3 expenses totaling Rs 8,653 crore, while its FMCG segment faced an 18.4% drop in revenue, amounting to Rs 2,038 crore compared to the previous year.Key Takeaways
- Total expenses rose by 11.2% to Rs 8,653 crore.
- FMCG revenue declined by 18.4% to Rs 2,038 crore.
- Net profit surged by 71% to Rs 370 crore.
- Edible oils business revenue increased by 23%.
- Company's stock delivered a 19% return over the past year.
New Delhi, Feb 11 (NationPress) Swami Ramdev's Patanjali Foods has disclosed a notable rise in its total expenses for the third quarter of the financial year 2024-25, which surged by approximately 11.2 per cent to Rs 8,653 crore in Q3, in contrast to Rs 7,781.64 crore in Q2 FY25.
This escalation was primarily attributed to the increased costs of materials consumed, based on its stock exchange filing.
The fast-moving consumer goods (FMCG) sector experienced a drop of 18.4 per cent, with revenues decreasing to Rs 2,038 crore from Rs 2,499 crore in the same quarter last year (Q3 FY24).
The stock prices of Patanjali Foods fell by 2 per cent to Rs 1,817.80 on the BSE during intra-day trading on Tuesday.
Nonetheless, the company's net profit soared by 71 per cent in the quarter ending on December 31, 2024.
For the period from October to December 2024, Patanjali Foods reported a net profit of Rs 370 crore, up from Rs 217 crore in the corresponding quarter of the previous year.
Additionally, the company's operational revenue increased by 15 per cent to Rs 9,103 crore, compared to Rs 7,911 crore in the same quarter of the prior fiscal.
A key driver of the company's revenue was its edible oils division, which experienced a 23 per cent rise in sales at Rs 6,717 crore, compared to Rs 5,483 crore last fiscal.
Throughout the past year, the company has delivered a 19 per cent return to its investors, and its stock price has increased by 2.49 per cent year-to-date (YTD).
Patanjali Foods' market capitalisation currently stands at Rs 67,088.51 crore, with its shares hitting a 52-week high of Rs 2,030 in September 2024.
Furthermore, the company's board of directors has sanctioned the issuance of 4,25,478 Employee Stock Options (ESO) under the PFL Employee Stock Option Plan 2023.
These options will be allocated to qualified employees as part of the company's initiatives to reward and retain talent.
Each stock option will convert into equity shares with a face value of Rs 2 per share.
In its exchange filing, the company indicated that the approved eligible employees under the existing PFL Employee Stock Option Plan 2023 will receive options as 'ESOP Grant II', within the shareholders approved limit of 1,08,59,845 options.
