Patanjali Foods Limited engages in the processing of oil seeds and refining crude oil for edible use in India. Patanjali Foods Limited was incorporated in 1986 and is based in Indore, India. The company was formerly known as Ruchi Soya Industries Limited and changed its name to Patanjali Foods Limited in June 2022. The chairman of the company is Acharya Balkrishna, and the managing director is Ram Bharat.
Patanjali Foods (formerly known as Ruchi Soya Industries) is one of India's top FMCG players. The company is present in Edible Oils, Food & FMCG, and Wind Power Generation segments via a bouquet of brands like Patanjali, Ruchi Gold, Nutrela, etc. The company has established itself as a significant player in the Indian consumer goods market, particularly in the health and wellness segment through its Ayurvedic product offerings.
Patanjali Foods Ltd has a market capitalization of ₹58,894 Crore (or ₹62,931 Crore as on May 29, 2025). As per Value Research classification, it is a Mid Cap company. The company's market capitalization has shown growth over the past year, reflecting investor confidence in its business model.
The company delivered strong financial performance in FY25. Patanjali Foods Limited reported consolidated revenues of ₹34,289 Crore for the financial year ended March 31, 2025, registering a year-on-year growth of 7.3% from ₹31,961 Crore in FY24. Revenue from operations rose 7.66% to ₹34,157 Crore in FY25, up from ₹31,721 Crore in the previous fiscal, according to the company's audited financial results. For the full fiscal year, the company reported a net profit of ₹1,300.7 Crore.
The company's profitability metrics show consistent improvement. Patanjali Foods has a Market Cap of ₹60,013 Crore (up 1.64% in 1 year), Revenue: ₹34,157 Crore, and Profit: ₹1,301 Crore. The stock is trading at 5.27 times its book value. The company has a low return on equity of 10.3% over the last 3 years. An annual revenue growth of 7% is good, Pre-tax margin of 5% is okay, ROE of 11% is good. The company is debt-free and has a strong balance sheet, enabling it to report stable earnings growth across business cycles.
Business Segments: 1) Edible Oils (72% in H1 FY25 vs 93% in FY22):
* Edible Oils: The company is a leader in the branded oil packaged food sector, offering palm oil, soya oil, sunflower oil, etc., under its brands Patanjali, Mahakosh, Nutrela, Sunrich, etc. Segmentally, the edible oils segment remained the largest contributor, clocking ₹6,764 Crore in Q4 revenue. For the full year FY25, edible oils contributed ₹24,785 Crore, food and other FMCG segments added ₹8,552 Crore, and HPC generated ₹1,148 Crore.
* Oil Palm Plantation: It is one of India's largest integrated oilseed solvent extraction and edible oil refining companies, having a portfolio of Crude Palm Oil, Crude Palm Kernel Oil, Palm Kernel Cake, and by-products. In the edible oil segment of Patanjali Foods, palm oil accounted for the highest revenue share at 51% in the financial year 2023. On the contrary, sunflower oil had a revenue share of five percent in the edible oil segment.
In Q1 FY25, the food and FMCG segment generated revenues amounting to ₹1,953.55 Crore, contributing a substantial 26.77% to the company's total revenue from operations. The segment has shown significant growth and diversification in recent years.
The Food & FMCG segment provides cow ghee, spices, herbal products, wheat flour, and pulses and other staples, madhuram, kesar, dry fruits, honey, biscuits, cookies, rusks, noodles, breakfast cereals, nutraceuticals, textured soya protein, and other related products. The segment also offers condiments, including candies, murabba, jams, ketchups, and pickles; and beverages, such as aloe vera, amla, medicated, and fruit juices.
The Wind Power Generation segment engages in the generation of electricity through windmills. Wind energy contributed ₹43 Crore. The revenue from the wind turbine power generation segment during Q1 FY25 stood at ₹14.33 Crore. The company fulfills around 20% of its energy requirements from renewable sources.
It owns 22 manufacturing units that cumulatively translate to a refining capacity of over 11,000 tons per day, and a seed crushing capacity of 11,000 tons per day. This extensive manufacturing infrastructure positions the company well to meet growing demand across its product categories.
During the year 2022-23, the Company acquired the food retail business undertaking from Patanjali Ayurved Limited (PAL) with effect from July 1, 2022. The Company launched the Sports Nutrition Division under Nutrela Sports in 2024.
Net profit of Patanjali Foods rose 73.78% to ₹358.54 Crore in the quarter ended March 2025, as against ₹206.32 Crore during the previous quarter ended March 2024. Sales rose 17.80% to ₹9,692.21 Crore in the quarter ended March 2025, as against ₹8,227.64 Crore during the previous quarter ended March 2024.
For the full year, net profit rose 70.08% to ₹1,301.34 Crore in the year ended March 2025, as against ₹765.15 Crore during the previous year ended March 2024. Sales rose 7.61% to ₹34,156.97 Crore in the year ended March 2025, as against ₹31,741.81 Crore during the previous year ended March 2024.
Notably, Patanjali Foods significantly ramped up its advertising and marketing efforts during the year. The company's advertising spend surged over threefold to ₹233.36 Crore in FY25, compared to ₹71.45 Crore in FY24. Patanjali Foods, which roped in several celebrities, including Shilpa Shetty, Shahid Kapoor, and Khesari Lal Yadav, for Nutrela-branded soya chunks and edible oils, has spent more than ₹185 Crore so far in FY25.
Promoter Holding: 69.4%. Promoter holding in Patanjali Foods Ltd has gone down to 69.45% as of March 2025 from 72.81% as of June 2024. There is no promoter pledging in Patanjali Foods Ltd.
Patanjali Foods is on track for margin improvement in Q4 FY25, driven by FMCG expansion and stable edible oil pricing. Key trends to watch include FMCG growth and margin trajectory. Patanjali Foods has shown a marked improvement in profitability during FY25, largely due to stabilizing input costs in its core edible oil business and an expanding Food & FMCG portfolio. With Q4 FY25 earnings scheduled for May 15, 2025, the company is expected to showcase continued margin recovery alongside further growth in its FMCG segment.
The company's strategic focus on expanding its FMCG portfolio beyond traditional edible oils, combined with strong brand recognition and increasing investment in marketing, positions it well for sustained growth in the Indian consumer goods market. The company's debt-free status and strong balance sheet provide financial flexibility for future growth initiatives and market expansion.
