Patanjali posts 31% decline in net profit during second quarter

HARIDWAR: The Patanjali Foods has posted a decline of 31.6 per cent in its standalone net profit to Rs 112.30 crore in the quarter ended September 30, against Rs 164.30 crore net profit in the year-ago period.

The fast-moving consumer goods firm has posted a jump of 42 per cent in its standalone revenue to Rs 8,514 crore against Rs 5,995 crore in the year-ago period. The FMCG's standalone operating profit or Ebidta was down 41.1 per cent to Rs 194.6 crore, against Rs 330.2 in the corresponding period the previous year.

The company said its margin was 2.3 per cent against 5.5 per cent in the year-ago period.