Mumbai: Indian fast-moving consumer goods (FMCG) company, Patanjali Foods, reported a massive 200 percent rise in net profit YoY to Rs 262.9 crore in the first quarter ending June 30, 2024, media reported.
In the same period the previous year, the company had reported a net profit of Rs 87.8 crore.
“We are seeing a boost from new-age channels like e-commerce and quick commerce,” it added.
In Q1FY25, Patanjali Foods' food and FMCG segment reported a revenue of Rs 1,953.55 crore, contributing 26.77 percent to the company’s overall net sales, up from 24.84 percent in the same quarter last year, according to a Business Standard report.
Meanwhile, the edible oil segment achieved sales of Rs 5,330.33 crore, with branded edible oil making up around 79.54 percent of the total edible oil sales during this period.
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