Home News PAT rises 15% YoY to Rs 269 crore, but profitability hit by...

PAT rises 15% YoY to Rs 269 crore, but profitability hit by costs

1
0
Patanjali Foods The quarter ended with a 15% increase in net profit year-on-year (YoY). December To Rs 269 crore. Revenue From operations increased more than 26% Rs 7,927 crore.

Operating The profit is calculated as earnings before interest, tax and depreciation and amortization. It declined 12.4% year over year. Rs The margin fell sharply to 4.64% from 368 crore.

Operational performance of the major for fast-moving consumer goods was affected by an increase in input cost, staff costs, and other expenses.

Raw Material costs rose 27% year-over-year Rs 6.472 crore. Staff expenses increased by more than 49% Rs 73 crore and other expenses increased 50% Rs 538 crore.

Sales in the oils and vanaspati segment, which make for more than 76% of the company’s total revenue, grew by 15.4% on year to Rs 6,066 crore. SequentiallyThe growth was 2.5%

The The second largest revenue contributor, the food products segment saw strong growth as its turnover grew nearly 4x year-over-year. Rs 1,570 crore. Sequentially However, the drop was 35%

After Despite the downtrend and sharp volatilities of the past quarters, there was some stability in the fourth quarter. December The company stated that quarter. The It said that macro issues such as supply constraints, high interest rates, and rising inflation have all receded somewhat in the face of macro problems.

International In recent years, food, energy, as well as other commodity prices have slowed moderately.

IndiaThe recovery of the economy has been rapid, supported by rabi sowing, good urban demand, improved rural demand, and a pickup in manufacturing, rebounding in services, and strong credit expansion.

Prices of edible oils, the biggest portion of the company’s revenue, stabilized and recovered from the sharp decline witnessed in Q2.

Urban Demand for FMCG products is steady, while rural demand continues its decline. Festive The company stated that the quarter saw a revival in demand for food products due to the marriage season.

Shares The company’s website Wednesday At 4%, the end Rs 1,162.30 National Stock Exchange. The Stock has delivered strong returns of 38% in one year.

(Disclaimer: RecommendationsThe opinions, suggestions, and views of the experts are entirely theirs. These They do not necessarily reflect the views The Economic Times)

Breaking News

Be the first to read breaking news on OopsTop.com. Today’s latest news, and live news updates, read the most reliable English news website Oopstop.com

Leave a Reply