Patanjali Foods Reports 40.57% Growth In Its Results For H1FY23, Says 'Confident Of Maintaining Growth Momentum'

Patanjali Foods Reports 40.57% Growth In Its Results For H1FY23, Says 'Confident Of Maintaining Growth Momentum'

New Delhi: Baba Ramdev-backed Patanjali Foods Limited announced its financial results of operation which shows it continues to sustain growth momentum for the quarter and half year that ended on September 30.

In this September quarter, the company said that it has successfully completed the acquisition of the Foods business in line with a strategic intent to expand its business. 

In a statement, Patanjali Foods Limited announced that during H1FY23, it achieved a total income of Rs 15,894.75 crores as compared to Rs 11,306.99 crores, reflecting a growth of 40.57 percent.

The earnings before interest, taxes, depreciation and amortisation (EBIDTA) in H1FY23 stood at Rs 755.95 crores, with Rs 486.11 crores of Profit before Tax and Rs 353.55 crores of Profit after Tax, the company said.

In Q2FY23, PFL seems to have demonstrated a sustained performance despite being in a challenging consumption environment with a volatile, downward price regime and achieved a total Income of Rs 8,524.67 crores as compared to Rs 6,010.99 crores Q2FY22, reflecting a growth of 41.82 percent on YoY basis. The EBIDTA in Q2FY23 was at Rs 205.15 crores with Rs 153 .63 crores of Profit Before Tax and Rs 112.29 crores of Profit After Tax. 

In Q2FY23, the Foods business achieved sales of Rs 2,399.66 crores contributing 37.18 percent of the total branded sales of the company. The branded sale including the institutional segment achieved sales of Rs 6,453.45 crores contributing 77.02 percent of the total sale of products of the company for the period.

“PFL is confident of maintaining its growth momentum with complete reflection of the acquired foods business in the coming quarters. The company firmly believes that the food business with a large portfolio of products and robust brands across categories such as Ghee, Chywanprash, Honey, Juices etc shall continue to grow at a higher pace keeping in mind the growing distribution network and wider availability across the retail shelf,” the statement read.

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