Patanjali Foods slips over 4% after 1.2 crore shares change hands in block deal; check details

The size of the deal was reported to be ₹2,223.4 crore at a floor price of ₹1,815 per share. Promoters were reported to be the likely sellers in the deal. However, official confirmation on the parties involved and the exact size of the deal was awaited.

Earlier reports had claimed that the Patanjali Group was looking to raise $240 million through a block trade involving the sale of a 3% stake in Patanjali firms.

In July, Patanjali Foods acquired Patanjali Ayurved's non-food business for ₹1,100 crore. The company said that the acquisition includes verticals in the home and personal care business, such as dental care, skin care, hair care, and home care.

Patanjali Foods posted its financial results for the June quarter of FY24 on July 19. The company’s standalone revenue from operations for the June quarter of FY25 declined over 7% year-on-year to ₹7,173.05 crore from ₹7,767.1 crore in the June quarter of FY24. The company’s revenue from operations dipped over 12% from ₹8,221.66 crore in the March quarter of FY24.

The company’s standalone profit after tax grew nearly 200% Year over Year to ₹262.9 crore in Q1FY25, compared to ₹87.75 crore in Q1FY24. Sequentially, the PAT increased over 27% from ₹206.31 crore in Q4FY24.

Shares of Patanjali Foods have gained over 44% in a year on the NSE. The stock has given Year-To-Date (YTD) returns of more than 18% and in six months the stock has traded higher by 33%. In a month the stock has gained over 3% and in the last five days, the stock has declined 3%.

Patanjali Foods shares traded at ₹1,868 apiece, down by 3.28% at 11:15 am on the NSE on September 13.