India's Patanjali Foods posts quarterly profit jump on cooking oil boost

Patanjali Foods

10/02/2025 15:28

Feb 10 (Reuters) - Indian consumer goods maker Patanjali
Foods  PAFO.NS  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.
    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.
    Last month, larger peer Adani Wilmar  ADAW.NS  reported a
twofold surge in quarterly profit, aided by demand for its
cooking oils.
    Revenue from Patanjali's edible oils segment, which makes up
nearly three-fourths of its total revenue, rose 22.5% during the
quarter. 
    That fuelled a 15% growth in overall revenue to 91.03
billion rupees. 
    However, revenue from the food and fast moving consumer
goods segment fell 18%, hurt by subdued demand in the category.
    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.
        

($1 = 87.4800 Indian rupees)

 (Reporting by Nishit Navin in Bengaluru; Editing by Devika
Syamnath)
 ((Nishit.Navin@thomsonreuters.com;))