Patanjali Foods Q2 results: Net profit up 21% to ₹309 crore

Its net profit stood at ₹254.53 crore in the year-ago period.

The company's total income rose to ₹8,198.52 crore during the second quarter of this fiscal year from ₹7,845.79 crore in the corresponding period of the previous year.

"The PAT rose 21.38% on a YoY (year-on-year) basis to ₹308.97 crore with margin profile improving by 53 bps," it said.

Despite a challenging environment in both food and FMCG and edible oils segments, the company continued its robust performance during the second quarter, Patanjali Foods said.

Incorporated in 1986, Patanjali Foods Limited, erstwhile Ruchi Soya, is one of India's top FMCG players.

The company is present in edible oils, food and FMCG and wind power generation sectors. It sells products under various brands like Patanjali, Ruchi Gold, Nutrela, etc.

Stock price performance

Shares of Patanjali Foods dropped over 3.41% to ₹1719 apiece on the NSE on Friday. The stock opened at ₹1780 and touched an intraday low of ₹1712.15, in the session so far.

About Patanjali Foods

Ruchi Soya Industries Limited is engaged primarily in the business of processing of oil-seeds and refining of oil for edible use.