Patanjali Foods has unveiled an ambitious growth plan aimed at achieving an operational profit of Rs 5,000 crore and a turnover exceeding Rs 50,000 crore in the next five years.
In an interview with the news agency PTI, Ramdev expressed the company’s strong desire to expand its food and FMCG business, as well as its oil palm plantation vertical, on a large scale. Patanjali Foods has drafted a comprehensive vision document to establish itself as the leading player in the food-FMCG industry. Ramdev emphasised their target of achieving profitability of more than Rs 5,000 crore at the EBIDTA level and a turnover exceeding Rs 50,000 crore within the specified timeframe.
During the full fiscal year 2022-23, the company’s net profit increased from Rs 806.30 crore to Rs 886.44 crore compared to the previous fiscal year. The EBIDTA for the last fiscal year stood at Rs 1,577 crore. Total income rose to Rs 31,821.45 crore, surpassing the previous year’s figure of Rs 24,284.38 crore.
The turnover of the edible oil segment rose from Rs 22,468.64 crore to Rs 25,253.33 crore in the last fiscal year, while the revenue of the food & FMCG segment witnessed an almost four-fold increase from Rs 1,683.24 crore to Rs 6,218.08 crore in the 2022-23 fiscal year.
To achieve their ambitious growth vision, Ramdev revealed that the company has a lineup of new product launches planned for the current fiscal year. These include white buffalo ghee, premium biscuits and cookies, premium dry fruits, spices, and various nutraceutical products, set to be introduced in the coming months.
Ramdev highlighted the substantial growth of the food-FMCG business, which accounted for 20 per cent of the company’s overall revenues in the last fiscal year, compared to 7 per cent in the previous year. Additionally, this segment contributed 72 per cent of the total EBITDA reported by the company.
Patanjali Foods is currently operating one of the largest oil palm plantations in India, with over 63,816 hectares engaged in oil palm cultivation, benefiting more than 39,000 farmers across nine states. The company is also establishing its first oil mill in Pasighat, Arunachal Pradesh.
Patanjali Foods markets its products under various brands, including Ruchi Gold, Mahakosh, Sunrich, Nutrela, Ruchi Star, and Ruchi Sunlight.
Furthermore, Ramdev revealed plans for the promoters of Patanjali Foods to sell shares to institutional investors in June, thereby diluting a 6 per cent stake in order to meet the minimum public shareholding requirement of 25 per cent.
Previously, the company had launched a follow-on-public offer (FPO) to increase public shareholdings. Currently, the promoters hold approximately 81% stake in the company.