Patanjali Foods Q2 results: Net profit down 31.6% YoY to Rs 112.3 crore

Baba Ramdev-backed Patanjali Foods recorded a decline in profitability for the quarter that ended September 30 with total income at Rs 8,524 crore during the quarter, against Rs 6,010 crore in Q1 FY22

Patanjali Foods, Baba Ramdev-backed FMCG company, reported a 31.6 per cent decline in net profit to Rs 112.2 crore in the quarter that ended September 30, 2022 (Q2 FY23) , against Rs 164.3 crore registered in the same quarter last year (Q2 FY22).

The company said in an exchange filing that its operating revenue increased 42 per cent to Rs 8,514 crore from Rs 5,995 crore in the same quarter last year.
 

Total income for the quarter was Rs 8,524 crore, up 41.82 per cent from Rs 6,010 crore in Q1 FY22.
 

The FMCG company's EBITDA (Earnings before interest, taxes, depreciation,