Edible Oils company Patanjali Foods announced Q1FY25 results:
- Revenue from operations for Q1FY25 clocked at Rs 7,173.06 crore as against Rs 7,767.10 crore in Q1FY24
- Total income, including other income, stood at Rs 7,202.36 crore
- Company achieved an EBITDA of Rs 435.08 crore in Q1FY25 as against Rs 211.99 crore in Q1FY24
- EBITDA margin (from operations) was 6.07% during Q1 as against 5.08%* in previous quarter and 2.73% in the same quarter last year
- Quarterly PAT jumped nearly 3X to Rs 262.90 crore in Q1FY25 vs Rs 87.75 crore in Q1FY24
- PAT margin (from operations) was 3.67% in the quarter as against 1.13% in Q1FY24
- Achieved export sales of Rs 53.33 crore during the Quarter. The company’s products are now introduced on ecommerce platforms in global markets
- Segment – Food & FMCG:
- In Q1FY25, the segment recorded revenues of Rs 1,953.55 crore contributing to 26.77% of revenue from operations of the company vis-à-vis 24.84% contribution in Q1FY24
- The segment EBITDA stood at Rs 184.05 crore as against Rs 360.77 crore in Q1FY24
- Segment – Edible Oils:
- In Q1FY25, the segment recorded revenues of Rs 5,330.33 crore as compared to Rs 5,890.73 crore in Q1FY24; YoY decline in revenue is on account of the fall in prices during the quarter
- Edible oil volumes were 5.74 lac MT; there was a slight dip in the demand for edible oil triggered due to heatwave in the country
- The branded edible oils contributed to 79.54% of the total edible oil sales
- In Q1FY25, the segment EBITDA was recorded at Rs 231.63 crore vs. an EBITDA loss of Rs 99.61 crore in Q1FY24
- This is mainly on account of stable prices and active strategies for price risk mitigation
- Segment – Wind Turbine Power Generation:
- The segment revenues during Q1FY25 stood at Rs 14.33 crore
- The company fulfills ~20% of its energy requirements from renewable sources.