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Patanjali Foods sees modest single-digit growth in edible oil segment revenue in Q4FY24

15 Apr 2024 Evaluate

Patanjali Foods has delivered a steady quarterly performance during Q4FY24, led by a consistent result in both the Edible Oil segment and the Food & FMCG segment. Revenue from the Edible Oil segment in Q4 showed modest single-digit growth compared to the previous quarter, accompanied by a favorable EBITDA margin. Furthermore, the segmental volume in Q4 experienced mid-single-digit growth year-on-year, while FY24 witnessed double-digit growth. In Q4FY24, branded sales continued to account for over 77% of the total edible oil sales value. During the quarter, Premium Nutrela Oils experienced a notable double digit volume growth over the previous year, showcasing the effectiveness of the product offerings in meeting consumer preferences and market demands. 

For FY24, the cumulative area under cultivation in the Oil Palm Plantation business reached 74,376 hectares. As of March 31, 2024, the plantation area under three years old stood at approximately 33%, compared to around 19% as of March 2023, indicating rapid plantation expansion. The Food & FMCG segment accounted for more than 30% of revenue from operations, compared to around 23% in Q4FY23. In Q4FY24, sales of Ghee and Dry Fruits remained steady while the sales of Kesar and beverages registered strong growth sequentially.

This is a preliminary update of the demand trends and the company’s operating performance across its verticals for Q4FY24 and FY2024. The details will be shared upon finalization of the result for the quarter ended March 2024 and the full year 2024. The revenue growth numbers, and other details provided above are based on management estimates.

Patanjali Foods, erstwhile Ruchi Soya Industries, sells its products under brands like Ruchi Gold, Mahakosh, Sunrich, Nutrela, Ruchi Star and Ruchi Sunlight.


Patanjali Foods Share Price

469.15 3.80 (0.82%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
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