Conference Call with Patanjali Foods Management and Analysts on Q1FY25 Performance and Outlook. Listen to the full earnings transcript.
Edible Oils company Patanjali Foods announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Total revenue from operations: Rs 8,221.66 crore, an increase of 3.93% over Q3FY24. Quarterly revenue of Food & FMCG segment: Rs 2,704.61 crore, with a growth of 8.24% over Q3FY24. EBITDA: Rs 496.98 crore, with EBITDA from operations margin of 6.04%. Quarterly PAT: Rs 206.32 crore, with a PAT margin of 2.47%. Advertising spends: 0.34% of total revenue. Planted area for Oil Palm Plantations: Expanded to 74,376 hectares. FY24 Financial Highlights: Total revenue from operations: Rs 31,721.35 crore. Sales from the Food and FMCG segment: Rs 9,643.32 crore. EBITDA: Rs 1,518.82 crore, with EBITDA from operations margin of 4.79%. PAT for FY24: Rs 765.15 crore, with a PAT margin of 2.39%. Expansion in export markets: Reached 27 countries, export revenue amounted to Rs 323.42 crore. Revenue from the Wind Turbine Power Generation segment: Rs 54.56 crore. Result PDF
Conference Call with Patanjali Foods Management and Analysts on Q4FY24 Performance and Outlook. Listen to the full earnings transcript.
Edible Oils company Patanjali Foods announced Q3FY24 & 9MFY24 results: Q3FY24: In Q3FY24, the total revenue from operations stood at Rs 7,910.70 crore registering a marginal increase over Q2FY24. The Food & FMCG segment achieved highest quarterly revenue of Rs 2,498.62 crore in Q3FY24 vs. Rs 1,523.11 crore in Q3FY23, achieving a growth of 64.05%. The Food & FMCG segment accounted for 31.59% of total revenue from operations in the current quarter. The company achieved EBITDA of Rs 390.63 crore in Q3FY24 with EBITDA from operation margin of 4.94%. The quarterly PAT was Rs 216.54 crore vs Rs 254.54 crore in Q3FY23 and the PAT margin was 2.74% vs. 3.24% in Q2FY24. In Q3FY24, the advertisement spends increased by more than 2x to Rs 28.53 crore impacting the EBITDA. In line with increasing the brand building efforts, the company onboarded eminent cricketer Mr. Mahendra Singh Dhoni to promote Mahakosh and Sunrich brands of edible oils in addition to the existing advertisement campaigns. The planted area for Oil Palm Plantations increased to 72,500 hectares, registering a growth of 5.84% in Q3FY24. In Q3FY24, the revenue from exports increased by 49.02% over the previous quarter to Rs 62.06 crore The company has been able to add new markets in line with its strategy to expand geographies In line with the quarterly trends, revenue from the Wind Turbine Power Generation segment during Q3FY24 stood at Rs 8.93 crore 9MFY24: In 9MFY24, the company achieved total revenue from operations of Rs 23,499.69 crore of which Food and FMCG segment sales were Rs 6,938.71 crore Contribution of Food & FMCG segment to the total revenue from operations increased to 29.53% in 9MFY24 from 18.66% in 9MFY23. In 9MFY24, EBITDA stood at Rs 1,021.82 crore with EBITDA from operations margin of 4.35%. For 9MFY24, the PAT was Rs 558.83 crore with 2.38% PAT margin In 9MFY24, revenue from exports was Rs 266.17 crore Revenue from the Wind Turbine Power Generation segment during 9MFY24 the revenue was Rs 43.94 crore Result PDF
Edible Oils company Patanjali Foods announced Q2FY24 & H1FY24 results: Onboarded world-renowned cricketer MS Dhoni as a brand ambassador for branding and marketing campaigns of its Mahakosh & Sunrich brands. Dhoni's association complements the health-oriented nature of the company’s edible oil range, in harmony with the overarching vision of the Patanjali Group. The company is actively in the process of developing the “PFL-Employee Stock Option Plan 2023”, which will be rolled out in the near future. In Q2FY24, the total revenue from operations stood at Rs 7,821.89 crore and Rs 15,588.98 crore in H1FY24. The Food & FMCG segment achieved revenue of Rs 2,487.62 crore in Q2FY24. The contribution of the Food and FMCG segment to the total revenue from operations increased to 31.80% in Q2FY24 from 25.14% in Q1FY24 and 27.7% in Q2FY23. The EBITDA for Q2FY24 increased by 97.75% QoQ and stood at Rs 419.20 crore, while EBITDA margins improved to 5.34% vs 2.71% in Q1FY24 and 2.41% in Q2FY23. The PAT for the quarter was Rs 254.54 crore vs Rs 112.29 crore in Q2FY23 and the PAT margins improved to 3.24% from 1.12% in Q1FY24 and 1.32% in Q2FY23. The company achieved export sales of Rs 41.65 crore during Q2FY24. The products are exported to 23 countries. Sanjeev Asthana, CEO, Patanjali Foods, said, “Despite the challenging macro and operating environment, the first half of the fiscal year has ended on a positive note. I am pleased to inform that in the quarter the company performed well on the profitability metrics with both EBITDA and PAT showcasing strong growth on a QoQ basis. This growth is despite a flat sequential performance in terms of revenue from operations/total income. The company’s Food & FMCG segment is performing in line with the targets and saw further expansion of higher contribution in the overall financial performance. This improvement is in line with the tactical shift in our business operations. The growth in the quarter has come across multiple parameters. The company achieved new heights in its quarterly sales for TSP, deeper penetration of its prominent biscuit brands and positive response from customers for the multiple product launches. The company’s strategy to increase penetration across different categories of customers through its wide bouquet of offerings, premiumization and multiple price points and strong distribution network is working to be a sustainable model for growth. I am optimistic about the upcoming festival seasons and the increase in consumer spending to drive growth in the coming quarter. To increase brand awareness and brand penetration, the company has signed well-known cricketer, Mr. Mahendra Singh Dhoni, as a brand ambassador for its range of Soy, Mustard and Sunflower oils. Dhoni and Patanjali share common values, and both enjoy popularity and credibility with the public at large.” Result PDF
Conference Call with Patanjali Foods Management and Analysts on Q1FY24 Performance and Outlook. Listen to the full earnings transcript.
Edible Oils company Patanjali Foods announced Q4FY23 & FY23 results: Patanjali Foods (PFL) has declared its annual results for FY23. The Board of Directors has recommended a dividend of Rs 6 per share for FY23. The total income in FY23 stood at Rs 31,821.45 crore against Rs 24,284.38 crore in FY22 The PBT margin grew 9.7% in FY23 to Rs 1,178.96 crore against Rs 1,074.38 crore in FY22 The share of FMCG business in overall revenues grew exponentially to Rs 6,218.08 crore against Rs 1,683.24 crore in FY22 and reached 19.72% of the overall revenue against 6.95 % in the previous year. In Q4FY23, PFL continues to sustain its growth momentum in the revenues as it posted a growth of 18.15% since revenues increase to Rs 7,872.92 crore as against Rs 6,663.72 crore in the corresponding Q4FY22 on a YoY basis EBIDTA earnings on food revenue remain to be strong and robust as it crosses over 13.70 % of overall food business revenue. In Q4FY23, profit before tax was Rs 349.39 crore (at a growth of 18.16%) and profit after tax was Rs 263.71 crore (at a growth of 12.49%) respectively On an annualized basis, in FY23, PFL recorded a total income of Rs 31,821.45 crore by posting over impressive 31.04% growth as compared to the previous year PBT & PAT increased during FY23 by around 10% although EBIDTA has marginally decreased due to a sharp fall in edible oil prices Result PDF