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Patanjali Foods Ltd.

PATANJALIFast Moving Consumer Goods filings

We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.

Earnings calls

18 transcript(s)/analyst meet(s) served; 0 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 18 documents here); elsewhere sentences render unattributed.

KindDatePeriodServedAttribution rate
TRANSCRIPT202301312022-03-31yes
TRANSCRIPT202308222022-06-30yes
TRANSCRIPT202211162022-09-30yes
TRANSCRIPT202306052023-03-31yes
TRANSCRIPT202311172023-09-30yes
ANALYST_MEET202312122023-09-30yes
TRANSCRIPT202402142023-12-31yes
TRANSCRIPT202405212024-03-31yes
ANALYST_MEET202407092024-06-30yes
TRANSCRIPT202407292024-06-30yes
TRANSCRIPT202411042024-09-30yes
TRANSCRIPT202502142024-12-31yes
TRANSCRIPT202505232025-03-31yes
TRANSCRIPT202508222025-06-30yes
TRANSCRIPT202511072025-09-30yes
TRANSCRIPT202602182025-12-31yes
TRANSCRIPT202606052026-03-31yes
TRANSCRIPT202608242026-06-30yes

PATANJALI

files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.

Identity

Statement divisiongeneral
Scope servedconsolidated
Panels on this page4

Market

The closes are adjusted for every split and bonus on record inside the period this series covers, and each adjustment is checked against the price move on its ex-date.

Last close404.85
52-week range336.15 – 609.55
Return 1M15.37%
Return 3M-1.87%
Return 1Y-32.61%
Return 3Y-4.75%
Return 5Y16.71%
Market capitalisationnot shown — we could not confirm it
Shares outstandingnot shown — we could not confirm it
P/Enot shown — we could not confirm it
P/Bnot shown — we could not confirm it
EV/EBITDAnot shown — we could not confirm it

Latest quarter filed — period ending 2026-06-30

In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.

Revenue from operations11,337.00
Other income4.00
Total income11,342.00
Cost of materials consumed7,942.00
Purchases of stock-in-trade2,149.00
Changes in inventories-272.00
Employee benefit expense163.00
Finance costs41.00

Ownership — 2026-06-30, and the change from 2026-03-31

HolderPer centChange
promoter and promoter group0.680.00
institutions foreign0.09-0.01
institutions domestic0.11-0.01
mutual funds0.01-0.01
public0.320.00

Documents on file

ClassMost recentOn file
ANALYST_MEET2024-06-302
TRANSCRIPT2026-06-3016

Financial statements

Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.

Quarterly results, as filed

Line2024-06-302024-09-302024-12-312025-03-312025-06-302025-09-302025-12-312026-03-312026-06-30
Revenue from operations7,173.008,154.009,103.009,692.008,900.009,799.0010,484.0011,156.0011,337.00
Other income29.0044.0041.0053.0013.0051.0057.0057.004.00
Total income7,202.008,199.009,144.009,745.008,913.009,850.0010,541.0011,212.0011,342.00
Cost of materials consumed4,290.004,704.005,981.006,123.006,139.006,716.007,098.007,884.007,942.00
Purchases of stock-in-trade2,045.001,998.002,617.002,275.001,369.001,613.002,072.001,851.002,149.00
Changes in inventories-150.00204.00-937.00-309.00145.0018.00-50.0078.00-272.00
Employee benefit expense117.00130.00144.00161.00149.00148.00176.00165.00163.00
Finance costs19.0020.0020.0025.0024.0035.0035.0036.0041.00
Depreciation and amortisation57.0056.0070.0085.0062.0063.0062.0062.0053.00
Other expenses465.00669.00757.00926.00777.00751.00753.00732.00812.00
Total expenses6,843.007,782.008,653.009,286.008,664.009,345.0010,147.0010,808.0010,889.00
Profit before exceptional items and tax359.00417.00491.00458.00249.00505.00394.00404.00453.00
Exceptional items0.000.000.000.000.000.00-30.00-169.000.00
Profit before tax359.00417.00491.00458.00249.00505.00364.00236.00453.00
Current tax65.00118.00133.00121.0079.00151.00134.0090.00133.00
Deferred tax31.00-10.00-13.00-21.00-11.00-162.00-363.00-379.00-16.00
Tax expense96.00108.00120.00100.0068.00-12.00-229.00-288.00117.00
Profit for the period263.00309.00371.00359.00180.00517.00593.00524.00336.00
Profit attributable to owners—0.000.00359.00180.00517.000.000.000.00
Profit attributable to non-controlling interests—0.000.000.000.000.000.000.000.00
Other comprehensive income-4.001.004.00-26.008.0011.00-16.0016.00-16.00
Total comprehensive income258.00310.00375.00332.00188.00527.00578.00540.00320.00
Earnings per share, basic7.268.5310.249.914.984.755.464.823.09
Earnings per share, diluted7.268.5310.249.914.984.755.454.823.09

Annual results, as filed

Line2025-03-312026-03-31
Revenue from operations34,157.0040,170.00
Other income132.00178.00
Total income34,289.0040,348.00
Cost of materials consumed21,098.0027,838.00
Purchases of stock-in-trade8,935.006,905.00
Changes in inventories-1,192.00192.00
Employee benefit expense553.00638.00
Finance costs84.00130.00
Depreciation and amortisation268.00248.00
Other expenses2,817.002,844.00
Total expenses32,564.0038,795.00
Profit before exceptional items and tax1,726.001,553.00
Exceptional items0.00-199.00
Profit before tax1,726.001,354.00
Current tax437.00454.00
Deferred tax-13.00-915.00
Tax expense425.00-461.00
Profit for the period1,301.001,814.00
Profit attributable to owners1,301.000.00
Profit attributable to non-controlling interests0.000.00
Other comprehensive income-25.0019.00
Total comprehensive income1,276.001,833.00
Earnings per share, basic35.9416.68
Earnings per share, diluted35.9416.67

Balance sheet, as filed

Line2024-09-302025-03-312025-09-302026-03-31
Total assets14,029.0015,517.0017,700.0018,802.00
Non-current assets5,432.006,114.006,038.006,697.00
Current assets8,591.009,399.0011,653.0012,093.00
Property, plant and equipment3,381.003,991.003,953.003,819.00
Capital work-in-progress88.0093.0056.0051.00
Goodwill11.0011.0011.0011.00
Other intangible assets1,537.001,552.001,545.001,537.00
Inventories4,181.006,210.006,713.007,282.00
Trade receivables1,002.001,585.001,575.002,407.00
Cash and cash equivalents404.00109.001,324.00616.00
Total equity and liabilities14,029.0015,517.0017,700.0018,802.00
Equity10,835.0011,371.0012,112.0013,096.00
Equity share capital72.0072.00218.00218.00
Other equity10,763.0011,298.0011,895.0012,879.00
Total liabilities3,193.004,146.005,588.005,706.00
Non-current liabilities118.0041.0043.0057.00
Current liabilities3,072.004,104.005,541.005,645.00
Borrowings, non-current0.000.000.000.00
Borrowings, current1,116.00781.002,889.002,784.00
Trade payables1,489.002,587.001,912.002,311.00

Cash flow, as filed

Line2024-09-302025-03-312025-09-302026-03-31
Net cash from operating activities874.00299.00-583.00-333.00
Net cash from investing activities-1,048.00-116.00-261.00-840.00
Net cash from financing activities41.00-611.002,059.001,680.00
Purchase of property, plant and equipment66.00144.0062.00974.00
Net increase in cash-134.00-428.001,214.00507.00
con:CFO.BEFORE_TAX971.00754.00-492.00-356.00
con:INTEREST_RECEIVED.OPERATING0.000.00-29.000.00
con:INTEREST_PAID.OPERATING0.000.000.000.00
con:DIVIDENDS_RECEIVED.OPERATING0.000.000.000.00
con:TAX_PAID.OPERATING97.00455.0062.00-23.00
con:CF_OTHER.OPERATING0.000.000.000.00
con:INVESTMENTS_PURCHASED0.000.000.000.00
con:INVESTMENTS_SOLD0.000.000.000.00
con:PPE_DISPOSALS2.005.003.004.00
con:CF_INVESTING.SUBSIDIARIES_SOLD0.000.000.000.00
con:CF_INVESTING.SUBSIDIARIES_ACQUIRED0.00935.000.00160.00
con:CF_INVESTING.JV_SOLD0.000.000.000.00
con:CF_INVESTING.JV_ACQUIRED0.000.000.000.00

Who owns it

The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.

Holder2023-06-302023-09-302023-12-312024-03-312024-06-302024-09-302024-12-312025-03-312025-06-302025-09-122025-09-302025-12-312026-03-312026-06-30
Promoter and promoter group80.8273.8273.8273.7772.8169.7669.4869.4568.8368.810.690.680.680.68
Domestic institutions2.752.222.793.553.045.286.278.7111.2311.750.120.130.120.11
Mutual funds————————1.722.030.020.030.020.01
Insurance companies1.351.381.301.782.324.515.578.009.509.720.100.100.100.10
Foreign institutions3.0010.6310.9310.5810.3014.3913.3213.4212.9912.280.120.110.090.09
Government————————0.000.000.000.000.000.00
Public19.1826.1826.1826.2327.1930.2430.5230.5531.1731.190.310.320.320.32
Non-institutional13.4213.3312.4512.1013.8610.5710.928.426.957.150.070.080.100.12
Shares outstanding36199485336199485336199485336199485336199485336199485336199485336217752436250631410878282451087828245108782824510881041951088108595

Related parties

Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.

CounterpartyRelationshipTypeAmount in the periodTransactions
Patanjali Ayurved LimitedThe Public Company in which directAny other transaction, Purchase of fixed assets, Pur2,187,707,000.008
Patanjali Parivahan Private LimitedThe Pvt Co. In Which Director of tPurchase of goods or services1,519,849,000.003
Ballabha EnterprisesA proprietorship firm in which relAny other transaction, Sale of goods or services824,039,000.002
Parakram Security India Private LimitedThe Pvt. company In Which DirectorPurchase of goods or services, Sale of goods or serv810,153,000.004
Aarogya Diary Product Private LimitedThe Pvt. Co. in Which Director of Purchase of goods or services, Sale of goods or serv548,699,000.002
Prakriti Organic India Private LimitedThe Pvt. Co. in Which Director of Purchase of goods or services499,514,000.001
Swasth Aahar Private LimitedThe Pvt. Company in which relativePurchase of goods or services, Sale of goods or serv398,618,000.002
Contemporary Agro Private LimitedSubsidary CompanyInvestment350,000,000.001
Rishikrishi Farming Private LimitedSubsidary CompanyInvestment300,000,000.001
Fit India Organic Private LimitedThe Pvt. Co. in Which Director of Any other transaction, Sale of goods or services268,649,000.002
Patanjali Food & Herbal Park Nagpur Private LimitedThe Pvt. Co. in Which Director of Purchase of goods or services, Sale of goods or serv251,107,000.002
Aarogya Flour MillsA Partnership Firm in which DirectPurchase of goods or services, Sale of goods or serv165,754,000.002
Himal InternationalA proprietorship firm in which relAny other transaction, Purchase of goods or services132,390,000.003
SS Vitran Healthcare Private LimitedThe Pvt. Co. in Which Director of Purchase of goods or services132,151,000.001
Atri Papers Private LimitedThe Pvt Co. In Which Directors of Purchase of goods or services121,286,000.001

What management said

Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.

DateQuarterWho spoke
2026-08-24Q1FY27PATANJALI FOODS LIMITED, – PATANJALI FOODS LIMITEDRead the call
2026-06-05Q4FY26PATANJALI FOODS LIMITED, – PATANJALI FOODS LIMITEDRead the call
2026-02-18Q3FY26OFFICER, PATANJALI FOODS LIMITED,, PATANJALI FOODS LIMITEDRead the call
2025-11-07Q2FY26OFFICER, PATANJALI FOODS LIMITED, PATANJALI FOODS LIMITEDRead the call
2025-08-22Q1FY26PATANJALI FOODS LIMITED, – PATANJALI FOODS LIMITEDRead the call
2025-05-23Q4FY25PATANJALI FOODS LIMITEDRead the call
2025-02-14Q3FY25PATANJALI FOODS LIMITED, – PATANJALI FOODS LIMITEDRead the call
2024-11-04Q2FY25PATANJALI FOODS LIMITED, TREASURY MANAGEMENT, PATANJALI FOODSRead the call
2024-07-29Q1FY25PATANJALI FOODS LIMITED, – PATANJALI FOODS LIMITEDRead the call
2024-07-09Q1FY25PATANJALI FOODS LIMITED, – PATANJALI FOODS LIMITEDRead the call
2024-05-21Q4FY24PATANJALI FOODS LIMITED, – PATANJALI FOODS LIMITEDRead the call
2024-02-14PATANJALI FOODS LIMITED, – PATANJALI FOODS LIMITEDRead the call
2023-12-12Q2FY24FOODS LIMITED, PATANJALI FOODS LIMITEDRead the call
2023-11-17Q2FY24Read the call
2023-08-22Q1FY23Read the call
2023-06-05Q4FY23PATANJALI FOODS LIMITED, – PATANJALI FOODS LIMITEDRead the call
2023-01-31FYFY22PATANJALI FOODS LIMITED, – PATANJALI FOODS LIMITEDRead the call
2022-11-16H1FY23- PATANJALI FOODS LIMITED, PATANJALI FOODS LIMITEDRead the call

What they said about it, quarter by quarter

TopicQ2FY25Q2FY26Q3FY25Q3FY26Q4FY23Q4FY24Q4FY25Q4FY26
Capex————We're expecting this business when we start our fullness of time when all the new plantations that have started happening from last year, we're expect…—Sir, I wanted to know about ESOP cost and CAPEX cost for this year and for next couple of years.—
Capital allocationWith respect to the acquisition of HPC business, we have already got CCI approval and the shareholders approval and are hopeful to integrate the HPC b…—Starting 1st November 2024, the acquisition of HPC business is now fully integrated into our current operations.——As part of this strategy, we're evaluating the acquisition of Patanjali Ayurved Limited's HPC portfolio, encompassing Hair, Skin, Dental, and Home Car…Just like the success that we built on after acquiring the Foods and FMCG businesses, this acquisition too is poised to drive innovation, enhance our …—
CostsThe government also increased the MSP of raw materials for the seeds by Rs.So, beyond a certain threshold level, and if the price is attractive on the raw material side, we typically would be able to pretty much make margins …——The global prices have softened on the raw material side.And on the raw material for biscuits, on wheat, you did allude briefly.On the cost front, the key commodity prices, particularly palm oil, wheat, sugar and rice remained at elevated levels during the quarter, exerting sig…On the other side, we have also secured our raw materials by paying in advance to our vendors for the future requirement.
Debt and cash—Kunal, basically, that is a withdrawal of working capital limits, LC.—The larger players have the benefit of managing their treasury and working capital and risk better and superior.And that is a fairly decent on the working capital that we deploy.———
DemandThe international markets are looking quite sort of less supply and more demand.At an industry level, there was a short-term slowdown in consumer demand due to the GST rate revision.February 11, 2025 Given the dual stress of demand slump and inflationary pressure experienced by industry in Q3, let's review our performance.The rural consumption continues to outperform urban demand for the seventh straight quarter.And our chawanprash and honey continue to have a steady demand.May 15, 2024 The recovery of demand in rural India has commenced and is steadily gaining momentum.May 16, 2025 supportive government policies is likely to aid a recovery in mass market urban demand.RBD palm, refined wheat and deodorized palm oil prices increased by 20% (Note: It is an approximate number) between Jan and March '26, driven by tight…
GuidanceWe continue to reiterate our guidance of a revenue range of Rs.We have said that guidance is between 300 to 400 basis points.We expect full scale operations within a few months.We anticipate a stronger volume recovery ahead, with the positive effects of GST rate reductions expected to become more evident in the upcoming quart…The new launches and innovation, especially in the ready-to-cook and ready-to-eat space, we expect a surge in demand.But for the full year basis, it's still below what we have been guiding for.We expect the momentum in this segment to pick-up in few quarters supported by continued investment in products and brand development.And margin guidance wise, I think some bit of what you saw the tapering off in the foods this year.
Margin125 crores in revenue in FY '25, with a 25% margin.The EBITDA margin was 3.53% on the edible oils portfolio.Our business is undergoing a tactical shift with a focus on the high-margin FMCG segment.7,335.71 crores, registering 8.98% year-on-year growth with EBITDA margin for the segment was 2.39%.The EBITDA for the quarter is INR416 crores with a margin of 5.3%.Transitioning to our strategic updates, we're in the process of shifting our focus to high-margin FMCG business.Aligned with our strategic objective to diversify our product portfolio and drive sustainable profitability, Q4 'FY25 marked the first full quarter of…EBITDA margin for the segment stood at 2.58%.
People————We have continued to work in terms of hiring, you know, people, talented people from good companies.On the side of ESOP that you mentioned, so attrition rate in terms of, at a junior level, I think if I were to look at the industry trends, so they're…——
PricingThis is largely due to the two-way price increase; one, due to an increase in the custom duty of nearly 20%; two, because of an 8% increase in the pri…Going forward, pricing pressure is expected to persist due to tightening global vegetable oil supplies and other geopolitical scenarios.In the case of edible oil, price increases are typically passed through to the consumers.February 12, 2026 pricing to pass on the GST-related benefits to consumers.So one is the supply chain efficiency and the pricing efficiency that, we have in building up supply chains from the global market as well as in the d…—While palm oil prices remained elevated throughout the quarter, the pricing environment for other key Edible Oils, namely soybeans, sunflower and must…May 30, 2026 On the input cost front, the edible oil complex witnessed a sharp price increase in March '26, primarily due to the crude oil volatility …
Revenue growth1,032.43 crores, with a sequential growth of 9%.6,971 crores, a year-on-year growth of 17.17%.The top line growth was achieved without much change in the pricing.3,248 crores, reflecting 38.93% year-on-year growth and a sequential growth of 12.31%.The Q & Q growth of 19% is higher than the industry standard.For FY24, volumes rose to 24.99 lakh MT, reflecting a growth of 13.1% over FY23. This growth in volume was attained through expanded distribution reac…So, that work is going on quite seriously, that we want to drive much more customized, much more oriented, focused product launches to achieve this gr…As of 31st March '26, the oil palm cultivated area stood at 1,10,072 hectares (This was said erroneously, actual number is 1,10,722 hectares), registe…

What they said they would do

Sentences in which management set an expectation. Each names the speaker and the page of the transcript it came from.

DateQuarterWhoWhat they said
2023-01-31FYFY22PATANJALI FOODS LIMITEDBut on a blended basis, I think that is pretty much safe to assume that between INR 1,500 crores to INR 1,800 crores of revenue is what we expect to do.
2023-01-31FYFY22PATANJALI FOODS LIMITEDWhere if we maintain something like INR 34,000 crores of revenue that we expect to do in the oil business.
2023-01-31FYFY22PATANJALI FOODS LIMITEDBroadly, I think we should be pretty much in the range of between 3% and 4% margin.
2023-01-31FYFY22PATANJALI FOODS LIMITEDAnd I think that's reasonable INR 200 crores margin that we should be some quarters will do better, some quarters we may do marginally worse, but pretty much that would be the range.
2023-01-31FYFY22PATANJALI FOODS LIMITEDWe target 30% clearly is targeted.
2023-06-05Q4FY23PATANJALI FOODS LIMITEDSo that is at one level where we believe that the margin construct in our supply chain competency and the relationship that we have, we should be able to pull in better cost efficiency by nearly between 3% to 4%.
2023-06-05Q4FY23PATANJALI FOODS LIMITEDSo net-net, I'm optimistic that 18% to 20% prediction that we have on the food side, we should be able to maintain, and we should be able to retain that space for us.
2023-06-05Q4FY23PATANJALI FOODS LIMITEDAnd in the months when the challenge is there, we should be able to do 2%.
2023-06-05Q4FY23PATANJALI FOODS LIMITEDAnd I would retain at this point of time very much that we should be closer to the midpoint of 3%, because we are pretty confident of the steps that we've taken, both in terms of management of inventory, the prices, etc. So we should sound good on our margin of midpoint between 2% and 4%.
2024-02-14PATANJALI FOODS LIMITEDIt is on track to achieve a revenue milestone of INR1,500 crores, reflecting a remarkable 50% growth in just 2 years.
2024-02-14PATANJALI FOODS LIMITEDWe expect to close the fiscal on a high note with the revenue from Food & FMCG segment contributing to more than 30% to total revenue on a full year basis.
2024-02-14PATANJALI FOODS LIMITEDAnd the objective, as I mentioned, that next year, we should be targeting closer to INR200 crores of revenue in nutraceuticals and with a very healthy margin.