Patanjali Foods Reports 13% Rise In Q4 Net Profit, Declares Dividend

Patanjali Foods reported a 13% increase in standalone net profit for the three months ending March to Rs 264 crore on Tuesday. Profit for the same time last year was Rs 234 crore.

Revenue from operations grew 18% to Rs 7,873 crore in the current quarter, up from Rs 6,664 crore in the previous quarter.

The Board has recommended a dividend of Rs 6 for each equity share with a face value of Rs 2 for the fiscal year ending March 2023.

The FMCG company reported an EBITDA of Rs 416 crore in the reporting period, a slight decline from the previous year's figure of Rs 418 crore.

The company noted that its food items under the Patanjali brand are gaining market acceptance to sustain the increase witnessed in the final three quarters of FY23, attributable mostly to the completion of the food business acquisition.

Food and FMCG account for more than 68.30% of EBIT in FY23, therefore revenue and EBIT margins in the food business remain high.

The edible oils segment had a 21% increase in sales volume to 1.97 million mt, while the food and FMCG industry share jumped from 7% in FY22 to 20% in FY23.

Total income in FY23 was Rs 31,821 crores, up 31% from Rs 24,284.38 crore in FY22. PAT increased by 10% year on year to Rs 886 crore during the same period.

On the BSE, Patanjali Foods shares rose 0.77% to Rs 1,021 on Tuesday. Its 52-week low is Rs. 851.70 a share, and its 52-week high is Rs. 1,495.00.