Patanjali Foods' Profits Decline Amid Rising Expenses
Patanjali Foods Ltd reported a 31% decline in net profit for the June quarter due to increased expenses, despite rising total income. The company's profits fell from Rs 262.72 crore to Rs 180.35 crore. Increased advertisement spending and reduced customs duties on oils impacted the edible oil demand.
- Country:
- India
Patanjali Foods Ltd has announced a 31% drop in its consolidated net profit for the June quarter, recording Rs 180.35 crore due to a surge in expenses.
Despite a rise in total income from Rs 7,202.35 crore in the same period last year to Rs 8,912.69 crore, the company faced a significant profit decline.
Additional expenses, especially in advertising, alongside a reduction in basic customs duties on several oils effective May 31, 2025, affected the market demand for edible oils.
(With inputs from agencies.)
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