Patanjali Foods Q2 profit doubles as lower costs offset revenue drop

Wednesday, 8 November 2023
Patanjali Foods, the maker of Ruchi Gold oil, reported a more than doubled profit in the second quarter due to lower expenses and falling edible oil prices. The company's profit rose to INR 2.55 billion ($30.63 million), while revenue from operations declined by 8%. The decline in expenses offset the drop in revenue. Patanjali Foods CEO is optimistic that the festival season and increased consumer spends will drive growth in the next quarter.

👓 View full article

0 shares	Share Tweet Save Post Send

Patanjali Foods Q2 profit doubles as lower costs offset revenue drop

You Might Like