ResultsCNBC-TV18
Patanjali Foods Q2 profit drops 19% as raw material costs surge
Negative-67Company event
GreyOak summary
Patanjali Foods reported an 18.76% year-on-year decline in Q2 profit to ₹420 crore, driven by a 22.9% fall in EBITDA. Revenue rose 15.6% to ₹11,323 crore, but total expenses increased 17.68% primarily due to higher raw material consumption. The company noted resilience in its edible oils and FMCG portfolios despite margin compression.
What it affects
- Patanjali FoodsPATANJALINegative -67
Q2 profit dropped 19%Rolling sentiment Negative -45
Source
Read the original at CNBC-TV18More Patanjali Foods news
- Patanjali Foods Q2 profit down 19% to ₹420 crBusinessLine · Results ·
- Patanjali Foods reports muted rural demand amid inflationEconomic Times · Results ·