{"id":58878,"date":"2025-02-11T07:59:25","date_gmt":"2025-02-11T07:59:25","guid":{"rendered":"https:\/\/alertindianews.in\/?p=58878"},"modified":"2025-02-11T07:59:25","modified_gmt":"2025-02-11T07:59:25","slug":"patanjali-foods-see-71-jump-in-q3-profit-on-cooking-oil-boost","status":"publish","type":"post","link":"https:\/\/alertindianews.in\/?p=58878","title":{"rendered":"Patanjali Foods See 71% Jump In Q3 Profit On Cooking Oil Boost"},"content":{"rendered":"

Indian consumer goods maker Patanjali Foods reported a 71% rise in third-quarter profit on Monday, aided by robust demand at its mainstay cooking oils business. The Ruchi Gold oil maker’s profit rose to 3.71 billion rupees ($42.4 million) for the three months ended December 31, from 2.17 billion rupees a year earlier.<\/p>\n

Demand for edible oil, a staple in Indian households, has remained strong in recent quarters, even as inflation-affected consumers avoided branded consumer goods and oil makers raised prices to pass on rising ingredient costs.<\/p>\n

Last month, larger peer Adani Wilmar reported a twofold surge in quarterly profit, aided by demand for its cooking oils.<\/p>\n

Revenue from Patanjali’s edible oils segment, which makes up nearly three-fourths of its total revenue, rose 22.5% during the quarter.<\/p>\n

That fuelled a 15% growth in overall revenue to 91.03 billion rupees.<\/p>\n

However, revenue from the food and fast-moving consumer goods segment fell 18%, hurt by subdued demand in the category.<\/p>\n

Patanjali Foods’ expenses rose 13% as a mid-September hike in import taxes on crude and refined edible oils drove up input costs for the company.<\/p>\n

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)<\/i><\/p>\n

\u200bPatanjali Foods reported a 71% rise in third-quarter profit on Monday, aided by robust demand at its mainstay cooking oils business.\u00a0\u00a0<\/p>","protected":false},"excerpt":{"rendered":"

Indian consumer goods maker Patanjali Foods reported a 71% rise in third-quarter profit on Monday, aided by robust<\/p>\n","protected":false},"author":0,"featured_media":58879,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-58878","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t