Page 6 - Patanjali

Patanjali Foods launches 14 products to push its premiumisation strategy

Aims for Patanjali Group turnover to touch Rs. 1 trillion in 5 years: Baba Ramdev

Aiming Rs 1 trillion turnover for Patanjali Group in next 5 years: Ramdev

Patanjali Group is looking to clock a turnover of Rs 1 lakh crore in next five years as it expands reach to all sections of consumers with different offerings, its leader Baba Ramdev said on Friday. Group firm Patanjali Foods (previously Ruchi Soya) will also play a significant part in achieving the milestone, having set a target of Rs 45,000-50,000 crore turnover in next five years. As part of its portfolio premiumisation strategy, Patanjali Foods introduced a new range of offerings in nutraceuticals, health biscuits, Nutrela millet-based cereals, and dry fruits. "It is our vision to take the turnover of Patanjali Group to Rs 1 lakh crore in next 5 years and that of Patanjali Foods, which is our listed company to up to Rs 50,000 crore," Ramdev said while addressing a press conference here. Patanjali has been focussing on self reliance in India, challenging the multinationals in the domestic market, he said adding,"Today we have overtaken all the MNCs except Unilever, which is stil

Stocks to Watch today, Jun 13: HDFC, Airline, Zee, Patanjali, EIL, HeroMoto

Stocks to watch on June 13, 2023: Shares of airline company are likely to be in focus on Tuesday after the DGCA eased norms to launch new overseas destinations.

Patanjali Foods aims Rs 5K cr profit at Ebitda, over Rs 50K cr in 5 yrs

Edible oil firm Patanjali Foods has chalked out an aggressive growth plan to reach Rs 5,000 crore operational profit and over Rs 50,000 crore turnover in the next five years, banking on huge opportunity that it sees in FMCG business and oil palm plantations. Patanjali Foods Ltd, erstwhile Ruchi Soya Industries, was acquired in September 2019 by Baba Ramdev-led Patanjali Group through a corporate insolvency resolution process. In an interview with PTI, Ramdev said the company would like to grow its food and FMCG business as well as oil palm plantation vertical in a big way. Patanjali Foods has prepared a vision document for the next five years to become the largest player in the food-FMCG business, he highlighted. "Our target is to achieve more than Rs 5,000 crore profitability at EBIDTA level and over Rs 50,000 crore turnover in the next five years," Ramdev said. During the full 2022-23 fiscal, the net profit rose to Rs 886.44 crore from Rs 806.30 crore in the preceding fiscal. Th

Patanjali promoters to dilute 6% share to meet minimum shareholding norms

Patanjali Foods on Wednesday said its promoters plan to sell shares to institutional investors in June for dilution of a 6 per cent stake to meet minimum public shareholding norms of 25 per cent. Patanjali Foods Ltd (PFL), erstwhile Ruchi Soya Industries, was acquired in September 2019 by Baba Ramdev-led Patanjali Group through a corporate insolvency resolution process. In an interview with PTI, Ramdev said: "We are planning to meet the minimum shareholding norms as prescribed by the market regulator SEBI." He further said that the company is targeting to dilute around 6 per cent stake in June through Qualified Institutions Placement (QIP) and Offer for Sale (OFS). "We have already started roadshow from Wednesday and there is a great interest from global investors," Ramdev said. At present the public shareholding in PFL stands at 19.18 per cent, which needs to be increased to a minimum of 25 per cent. Rule 19A(5) of the Securities Contracts (Regulation) Rules, 1957 mandates a lis

Patanjali Foods Q4 results: Net profit after tax rises 12.8% to Rs 264 cr

The company's total revenue from operation rose by 18.14 per cent to Rs 7,873 crore for the March quarter as compared to Rs 6,664 crore in the year-ago period

Patanjali Foods says not considering FPO to increase public shareholding

But other modes like OFS, QIP to raise public shareholding

Another Patanjali Foods FPO in April, will dilute 6%, says Ramdev

With stock exchanges freezing shares of its promoters, Patanjali Foods on Thursday said the move will not impact the company's operation and it will start the process of launching a Follow-On Public Offering (FPO) in April to increase the public shareholding to 25 per cent. Stock exchanges NSE and BSE have frozen the shares of promoters of Baba Ramdev-led Patanjali Group firm Patanjali Foods, which is a major edible oil player. In an interview with PTI, Ramdev assured his investors and public shareholders that there would be no impact of Patanjali Foods Ltd's (PFL) operation and financial performance and its growth trajectory will remain intact. "There is no reason for the investors to worry," he said. According to Ramdev, promoters' shares are already under lock-in as per Sebi guidelines till April 8, 2023, which is one year from the date of listing, and the latest move by stock exchanges do not appear to have a negative impact on the functioning of PFL. He further said that PFL

No 'negative impact' after promoter shareholding freeze: Patanjali Foods

Company backed by yoga guru Baba Ramdev failed to meet Sebi's public shareholding rule within deadline

Patanjali Foods down 5% after stock exchanges freeze promoter shareholding

The company is required to either raise funds or promoters needs to sell 5 per cent stake to bring down their stake to 75 per cent

Stock exchanges freeze promoter shareholding of Patanjali Foods

Action after co fails to meet 25% public float

Analysts cautious on mid, smallcaps; await earnings catch-up

Analysts remain cautious on mid-and-smallcap segments and suggest earnings need to catch up before the stocks start to recover

Patanjali Foods Q3 profit rises 15% to Rs 269 crore on better sales

Patanjali Foods Ltd, which is mainly into edible oil business, has posted a 15 per cent growth in its net profit to Rs 269.18 crore for the December quarter on better sales. Its net profit stood at Rs 234.07 crore in the year-ago period, according to a regulatory filing. Total income rose by 26 per cent to Rs 7,963.75 crore during the quarter ended December 31, as compared to Rs 6,301.19 crore in the corresponding period of the previous year. During the April-December period of this fiscal, nine-month period ended December 31, 2022, net profit increased to Rs 622.73 crore from Rs 571.87 crore a year ago, said Patanjali Foods, which is part of Baba Ramdev-led Patanjali Ayurved. Total income rose to Rs 23,858.50 crore in the first nine months of this fiscal year from Rs 17,608.18 crore in the previous year. Patanjali Foods Ltd (formerly known as Ruchi Soya Industries Ltd), has 25 manufacturing facilities, and an allocation of 6.23 lakh hectares of oil palm plantation. Besides edibl

Advertising slowdown likely to weigh on IPL this year, say experts

Disney-Star and Viacom18 vying for a share of estimated Rs 4,000-crore IPL advertising pie; challenges significant, say agencies

Patanjali Foods plans to build export portfolio of FMCG, health products

Firm to focus on new launches with high margins and high growth

Patanjali group eyes Rs 1 trillion turnover over the next 5-7 years

Patanjali also plans to carry out oil palm plantations on over 1.5 mn acres in 55 districts of 11 states, and aims to earn annual returns of Rs 2,000 crore in five to seven years

Patanjali working on finding solutions for Lumpy Skin Disease, says Ramdev

Baba Ramdev on Friday said the Patanjali Group is working on finding solutions for Lumpy Skin Disease (LSD) that has caused death of around 1 lakh cows. Ramdev suggested that the government should create awareness about the disease, which he alleged that might have "come from Pakistan". He said the government should also investigate how the disease entered the country and spread across many states. "We are working on Lumpy Skin Disease virus," Ramdev told reporters here. He said around one lakh cows have died because of this disease. Ramdev said the disease also affected many cows in his shelter house at Haridwar but not even a single cow died. "We treated cows with ayurvedic medicines like Giloy. Cows having better immunity were not infected with this disease," he said. The LSD has spread in more than a dozen states, including Gujarat, Rajasthan, Punjab and Haryana. The disease has affected 16.42 lakh cattle in 197 districts and has killed 75,000 cattle between July and Septem

Recession fears hit equities; Sensex sinks 1,093 pts, Nifty gives up 17,550

CLOSING BELL: PSU banks, auto, IT, metal, and realty stocks plunged the most on the bourses. Their respective indices on the National Stock Exchange declined between 2 and 4 per cent

Stocks to Watch: Adani Ports, Tata Power, UPL, SBI, Tata Motors, Patanjali

Stocks to Watch: State Bank of India (SBI) has clarified that it has not been identified as a nodal bank for handling Russia-related rupee transactions

Patanjali Group plans to list 4 group firms over the next 5 years

The acquired food business consists of 21 products which include ghee, honey, spices, juices, atta etc. It also raised Rs 4,300 crore through a follow-on public offer