Patanjali Foods Q3 Results: PAT falls 19% YoY to Rs 217 crore, revenue growth flat

MUMBAI - Patanjali Foods on Thursday reported a 19.3% year-on-year (YoY) fall in net profit for the quarter ended December to Rs 217 crore. Revenue from operations fell 0.2% to Rs 7,911 crore.

Sequentially, the topline rose just 1.1%, while the bottomline dropped by nearly 15%.

The mainstay edible oils business reported a 15.3% drop in revenue to Rs 5,483 crore, while the fast-moving consumer goods (FMCG) business reported a sharp 64% growth in revenue to Rs 2,499 crore.


Thanks to the growth in FMCG business, the drop in the overall revenue was contained.

Earnings before interest, taxes, depreciation, and amortization or EBITDA declined nearly 7% YoY to Rs 344 crore. Operating margin contracted 30 basis points on year to 4.35%.

The drop in the operating profit was despite a sharp reduction in raw material costs. Input costs slumped 23.4% YoY to Rs 4,957 crore.