Patanjali Foods shares surge 10%, post best day in over a year; here is why

By Upstox News Desk

3 min read | Updated on September 21, 2026, 14:48 IST

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SUMMARY

Patanjali Foods' CEO Sanjeev Asthana said that the company continues to see healthy urban demand, while higher input costs and the rural slowdown remain key factors to watch.

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PATANJALI

Patanjali Foods rose as much as 10% to an intraday high of ₹399.40 on the BSE. | Image: Shutterstock

Shares of Haridwar-based FMCG company Patanjali Foods rose as much as 10%, its biggest single-day move in a year, to an intraday high of ₹399.40 on the BSE on Monday, September 21. On the National Stock Exchange (NSE), Patanjali Foods shares advanced as much as 9.11% to an intraday high of ₹400.45.

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Patanjali Foods was top gainer among the shares traded in the futures and options category.

Patanjali Foods shares came under buying interest after its Chief Executive Officer (CEO) Sanjeev Asthana said that the company continues to see healthy urban demand, while higher input costs and the rural slowdown remain key factors to watch.

“Overall, I would be less optimistic on the rural demand. But the urban demand side looks very optimistic. We are getting into the peak season right now. With the Pay Commission enthusiasm around that, these stock markets have started kind of, there's a broader sense of positivity. So, net-net, I feel the urban demand will be good, but the rural demand we'll have to be careful about,” Asthana told CNBC TV18 in an interview.

Asthana said that he expects food business to grow in range of 8-10% and added that its biscuits business is doing well and nutraceuticals segment is picking up.

"Food, within that, only the staples category is the one which could be a source of marginal concern, but that is not as such a significant part of the profit configuration, so we should be pretty much okay with that,” Asthana told CNBC TV18.

Patanjali Foods had earlier guided for 2-5% volume growth in edible oils. Asthana said the company now expects growth to be above 4%, helped by lower domestic crop availability.

Patanjali Foods Q1 earnings

Yoga guru Swami Ramdev backed company reported a net profit in the first quarter of current financial year surged 87% to ₹336 crore from ₹180 crore in the same period last year.

Its revenue from operations advance 29% to ₹11,337 crore compared with ₹8,766 crore in the year-ago period.

The company reported strong operational performance as its earnings before interest, taxes, depreciation, and amortization (EBITDA) advanced 69% to ₹543 crore and EBITDA margin improved by 110 basis points to 4.8%.

As of 2:32 pm, Patanjali Foods shares traded 9.2% higher at ₹396.50, outperforming the NIFTY LARGEMIDCAP 250 index which was trading marginally higher.

Disclaimer: This article is written purely for informational purposes and should not be considered investment advice from Upstox. Securities mentioned are illustrative and not recommendations. Please consult a financial adviser before making any investment decisions.