NEW DELHI: Patanjali Meals Ltd has reported over two-fold leap in its internet revenue to Rs 254.53 crore within the second quarter of this fiscal yr and in addition roped in former Indian cricket crew captain MS Dhoni as model ambassador for Mahakosh and Sunrich manufacturers. Its internet revenue stood at Rs 112.28 crore within the year-ago interval.
Complete earnings declined to Rs 7,845.79 crore throughout the July-September interval of this fiscal yr from Rs 8,524.67 crore within the corresponding interval of the earlier yr, in keeping with a regulatory submitting.
Complete bills additionally fell to Rs 7,510.71 crore from Rs 8,371.03 crore throughout the interval beneath evaluate.
Patanjali Meals stated in an announcement that it has onboarded world-renowned cricketer MS Dhoni as a model ambassador for branding and advertising and marketing campaigns of its Mahakosh and Sunrich manufacturers.
“MS Dhoni’s affiliation enhances the health-oriented nature of the corporate’s edible oil vary…,” it added.
The Meals & FMCG section achieved income of Rs 2,487.62 crore within the second quarter of this fiscal yr.
“The contribution of our Meals and FMCG section to the full income from operations elevated to 31.80 per cent in Q2 of FY24 from 25.14 per cent in Q1FY24 and 27.7 per cent in Q2FY23,” Patanjali Meals stated.
The corporate achieved export gross sales of Rs 41.65 crore throughout the July-September quarter. The merchandise are exported to 23 international locations.
Sanjeev Asthana, CEO of Patanjali Meals, stated, “Regardless of the difficult macro and working setting, the primary half of the fiscal yr has ended on a optimistic be aware.”
Within the second quarter, he stated the corporate carried out nicely on the profitability metrics with each EBITDA and PAT (revenue after tax) showcasing robust progress on a QoQ foundation.
“The corporate’s Meals & FMCG section is performing in keeping with the targets and noticed additional enlargement of upper contribution within the total monetary efficiency. This enchancment is in keeping with the tactical shift in our enterprise operations,” Asthana stated.
Patanjali Meals shares dropped by 1.17 per cent to Rs 1,438 on BSE.
Complete earnings declined to Rs 7,845.79 crore throughout the July-September interval of this fiscal yr from Rs 8,524.67 crore within the corresponding interval of the earlier yr, in keeping with a regulatory submitting.
Complete bills additionally fell to Rs 7,510.71 crore from Rs 8,371.03 crore throughout the interval beneath evaluate.
Patanjali Meals stated in an announcement that it has onboarded world-renowned cricketer MS Dhoni as a model ambassador for branding and advertising and marketing campaigns of its Mahakosh and Sunrich manufacturers.
“MS Dhoni’s affiliation enhances the health-oriented nature of the corporate’s edible oil vary…,” it added.
The Meals & FMCG section achieved income of Rs 2,487.62 crore within the second quarter of this fiscal yr.
“The contribution of our Meals and FMCG section to the full income from operations elevated to 31.80 per cent in Q2 of FY24 from 25.14 per cent in Q1FY24 and 27.7 per cent in Q2FY23,” Patanjali Meals stated.
The corporate achieved export gross sales of Rs 41.65 crore throughout the July-September quarter. The merchandise are exported to 23 international locations.
Sanjeev Asthana, CEO of Patanjali Meals, stated, “Regardless of the difficult macro and working setting, the primary half of the fiscal yr has ended on a optimistic be aware.”
Within the second quarter, he stated the corporate carried out nicely on the profitability metrics with each EBITDA and PAT (revenue after tax) showcasing robust progress on a QoQ foundation.
“The corporate’s Meals & FMCG section is performing in keeping with the targets and noticed additional enlargement of upper contribution within the total monetary efficiency. This enchancment is in keeping with the tactical shift in our enterprise operations,” Asthana stated.
Patanjali Meals shares dropped by 1.17 per cent to Rs 1,438 on BSE.
