Edible Oils company Patanjali Foods announced Q1FY25 results: Revenue from operations for Q1FY25 clocked at Rs 7,173.06 crore as against Rs 7,767.10 crore in Q1FY24 Total income, including other income, stood at Rs 7,202.36 crore Company achieved an EBITDA of Rs 435.08 crore in Q1FY25 as against Rs 211.99 crore in Q1FY24 EBITDA margin (from operations) was 6.07% during Q1 as against 5.08%* in previous quarter and 2.73% in the same quarter last year Quarterly PAT jumped nearly 3X to Rs 262.90 crore in Q1FY25 vs Rs 87.75 crore in Q1FY24 PAT margin (from operations) was 3.67% in the quarter as against 1.13% in Q1FY24 Achieved export sales of Rs 53.33 crore during the Quarter. The company’s products are now introduced on ecommerce platforms in global markets Segment – Food & FMCG: In Q1FY25, the segment recorded revenues of Rs 1,953.55 crore contributing to 26.77% of revenue from operations of the company vis-à-vis 24.84% contribution in Q1FY24 The segment EBITDA stood at Rs 184.05 crore as against Rs 360.77 crore in Q1FY24 Segment – Edible Oils: In Q1FY25, the segment recorded revenues of Rs 5,330.33 crore as compared to Rs 5,890.73 crore in Q1FY24; YoY decline in revenue is on account of the fall in prices during the quarter Edible oil volumes were 5.74 lac MT; there was a slight dip in the demand for edible oil triggered due to heatwave in the country The branded edible oils contributed to 79.54% of the total edible oil sales In Q1FY25, the segment EBITDA was recorded at Rs 231.63 crore vs. an EBITDA loss of Rs 99.61 crore in Q1FY24 This is mainly on account of stable prices and active strategies for price risk mitigation Segment – Wind Turbine Power Generation: The segment revenues during Q1FY25 stood at Rs 14.33 crore The company fulfills ~20% of its energy requirements from renewable sources. Result PDF
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.