Patanjali Foods Q2 Results: Yoga guru Baba Ramdev’s Patanjali Foods has declared the results of the second quarter of the financial year 2024-25 and there has been a jump of 21.38 percent in the company’s profit in this quarter. In the second quarter, the company has made a profit of Rs 308.97 crore, which was earlier Rs 255 crore in the second quarter of the financial year. Patanjali Foods has also announced an interim dividend of Rs 8 per share to the shareholders. The record date for payment of dividend to shareholders has been fixed as 4 November 2024.
Patanjali Foods’ revenue from operations was Rs 8154.19 crore and EBITDA was Rs 493.86 crore. Revenue from food and FMCG segment was Rs 2303.66 crore. The company said that the revenue from operations in the first half of the financial year 2024-25 has been Rs 15,327.25 crore, in which the EBITDA margin has increased by 6.06 percent and while the PAT margin has increased by 3.71 percent.
While announcing the quarterly results, the company said that despite the challenging situation in the food and FMCG and edible oil segments, the company’s performance in the second quarter has been excellent and the revenue has increased by 4.25 percent to Rs 8154 crore. The company said that after the company came under Patanjali Group, the EBITDA has been the highest in this quarter at Rs 493.86 crore.
Patanjali Foods said that due to heavy rains, consumer sentiment was seen to be depressed in the second quarter. Despite this, there has been tremendous growth in consumption in rural areas as compared to urban areas. The company said that despite the price of edible oil remaining in the range throughout the quarter, an increase in prices has been seen in recent days. The company said that it has also exported its products to 21 countries and the export revenue has been Rs 34.55 crore.
According to Patanjali Foods, after getting approval from the board in this quarter, it has received approval from the Competition Commission of India (CCI) to acquire the home and personal care business of PAL on October 8, 2024.
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