Patanjali Foods Reports Rs 7,173.06 Cr Standalone Revenue From Operations In Q1FY25

Patanjali Foods has declared its unaudited financial results for the quarter ended 30 June 2024. The company reported strong performance metrics, demonstrating significant growth in profitability on a year-over-year (YoY) basis. This robust performance is attributed to reduced volatility in edible oil prices and stable performance in the Food & FMCG portfolio, with a notable boost from e-commerce and quick commerce channels.

Patanjali Foods reported revenue from operations of Rs 7,173.06 crore in Q1FY25, compared to Rs 7,767.10 crore in Q1FY24. The company's Ebitda saw a significant increase, rising to Rs 435.08 crore in Q1FY25 from Rs 211.99 crore in Q1FY24, reflecting a 2X YoY growth and a 4.08 per cent increase on a QoQ basis, excluding adjustments related to the pre-redemption of preference shares as per IndAS.

The Ebitda margin improved to 6.07 per cent in Q1FY25, up from 5.08 per cent on a QoQ basis. Profit After Tax (PAT) also demonstrated remarkable growth, reaching Rs 262.90 crore, which is a threefold increase compared to the same quarter in the previous year. Export revenue stood at Rs 53.33 crore, with the company expanding its reach to 22 countries and enhancing its presence on global ecommerce platforms.

The Food & FMCG segment of Patanjali Foods achieved stable revenues of Rs 1,953.55 crore, contributing 26.77 per cent to the total revenue from operations in Q1FY25, up from 24.84 per cent in the same quarter last year.

The Edible Oils segment recorded an Ebitda of Rs 231.63 crore in Q1FY25, a significant turnaround from an EBITDA loss of Rs 99.61 crore in Q1FY24, despite edible oil volumes reaching 5.74 lac MT and a slight dip in demand due to the heatwave in the country.

The Biscuit Division registered a 9.41 per cent YoY growth, with revenue of Rs 417.03 crore in Q1FY25, while the 'Doodh' biscuit brand saw a 6.97 per cent YoY increase, achieving revenue of Rs 265.77 crore. Nutrela TVP reported revenue of Rs 109.89 crore in Q1FY25, underscoring the brand's power and reach.

Recent developments at Patanjali Foods include the Board of Directors' approval of the acquisition of Patanjali Ayurved's Home and Personal Care Business on a slump sale basis for Rs 1,100 crore, subject to regulatory approval. This strategic acquisition is expected to enhance Patanjali Foods' FMCG product portfolio and contribute to both revenue and Ebitda growth.

In the Wind Turbine Power Generation segment, revenue for Q1FY25 stood at Rs 14.33 crore, with the company fulfilling approximately 20 per cent of its energy requirements from renewable sources. On the marketing front, Patanjali Foods undertook various advertising initiatives, including sponsorship of the Kolkata Knight Riders during the IPL and strategic campaigns for the 'Mahakosh' and 'Sunrich' brands.