Business Business: Edible oil and household goods manufacturer Patanjali Foods Ltd. Its net profit rose three-fold to Rs 262.9 billion in the April-June period this year. Net profit was Rs 87.75 billion in the same period last year. But the company’s revenue declined. Still, the net profit grows.
The company’s shares closed 0.74 per cent lower at Rs 1,591.15 on the BSE on Friday.
Patanjali Foods stock did not perform particularly well last year. During the last year, the stock has given a return of only 25.3%. However, anyone who held the stock for a month got a return of 13.5 percent. The company recorded a highest level of Rs 1769.15 and a 52-week low of Rs 1170.10 on the BSE. Patanjali Foods has a market capitalization of Rs 57,598.81 crore.
The company last traded ex-dividend in March 2024. Thereafter, the company paid a dividend of Rs 6 per share. At the same time, the company paid a dividend of Rs.
The company announced on Friday that profits rose in the first quarter of the current financial year despite a decline in profitability. Total revenue fell to Rs 7,202.35 crore in the April-June period of the current financial year. It was Rs 7,810.5 crore in the same period last year.
Promoted by Baba Ramdev’s Patanjali Ayurveda, the venture has expanded into edible oil, food products, household goods and wind energy. The company sells its products through brands such as Patanjali, Ruchi Gold, Mahakosh and Nutrela.
