Patanjali Foods Reports 19% Decline in Q2 Profit Amid Revenue Growth
Patanjali Foods sees a 19% drop in profit for Q2 FY 2026-27, despite a rise in operational revenue and total income.
New Delhi, November 14 (Daily Kiran) : Patanjali Foods Limited announced its financial results for the second quarter of the fiscal year 2026-27, revealing a significant decrease in net profit. The company’s consolidated net profit fell by approximately 19% year-on-year to ₹419.77 crore, down from ₹516.70 crore in the same quarter last year.
Despite the profit drop, Patanjali reported a strong increase in operational revenue. For the September quarter, operational income rose by 15.55%, reaching ₹11,322.58 crore, compared to ₹9,798.84 crore during the same period a year earlier.
The company’s total income also saw an uptick, amounting to ₹11,406.5 crore in the second quarter, up from ₹9,850 crore in the corresponding period last year.
CEO Sanjeev Asthana indicated that the performance in the second quarter reflects the strength of the company’s integrated business model, driven by its branded edible oil segment, palm oil plantations, and a rapidly expanding FMCG portfolio.
Asthana noted that this year’s festive demand pattern differed from last year. The Navratri festival began in October this year, unlike in September last year. Additionally, the Pitru Paksha period in September shifted some festive purchasing to later, impacting revenue and demand timing across various quarters.
The company’s shares faced pressure in the stock market, closing down more than 2% at ₹421 on the BSE. Over the past year, the stock has seen a high of ₹595.20 and a low of ₹328.05.
Looking at long-term performance, the stock remains under pressure, having declined nearly 6% over the past six months. Year-to-date, shares have dropped about 23.93%, with a year-on-year decrease of approximately 30%. This performance has lagged behind both the Sensex and the BSE FMCG index.
Over the past two years, Patanjali Foods shares have dropped by more than 31%.
In October, the company was instructed by the Madhya Pradesh Food and Drug Administration (FDA) to recall a batch of cow ghee after a sample failed to meet food safety standards. This action was taken due to non-compliance with the Food Safety and Standards (Food Products Standards and Food Additives, Contaminants, Toxins, and Residues) Regulations, 2011, as reported in the company’s stock exchange filing.
