Patanjali Q1 Results: Net profit jumps threefold to Rs 262.9 crore

New Delhi: Fast-moving consumer goods (FMCG) brand Patanjali Foods reported a threefold increase in net profit to Rs 262.9 crore in the quarter ending June 2024 compared to Rs 87.8 crore in the corresponding quarter last year.

The revenue from operations declined 7.6% year-on-year from 7,767.1 crore to Rs 7,173.1 crore in the first quarter of fiscal year 2025. Earnings before interest, tax, depreciation, and amortization (EBITDA) grew two times year-on-year to Rs 453.08 crore.

The company’s export revenue stood at Rs 53.33 crore, catering to 22 countries.

The profit was driven by reduced volatility in edible oil prices and a stable performance in the FMCG portfolio.

The edible oil segment reported sales of Rs 5,330.33 crore in this quarter compared to Rs 5890.73 crore in the same quarter last year.The food and FMCG segment posted flat revenue of Rs 1,953.55 crore, contributing 26.77% to the total revenue generated from operations.The board of directors has approved the acquisition of Patanjali Ayurveda Limited (PAL)’s Home and Personal Care Business on a slump sale basis on 1^st July 2024 at Rs 1,100 crore, subject to regulatory approval.