Patanjali Foods (PATANJALI) Q4 00/01 earnings summary

Executive summary

• FY2000-01 sales and other income reached Rs.2,606.35 crore, up over 34% YoY; profit after tax rose to Rs.26.13 crore from Rs.19.83 crore.

• Exports of soya products increased 54% to Rs.293.12 crore; priorities include integration, brand-building and wider distribution.

Financial highlights

• Sales and other income: Rs.2,606.35 crore vs Rs.1,932.27 crore; gross profit Rs.40.84 crore vs Rs.32.41 crore.

• PBT was Rs.28.84 crore vs Rs.21.33 crore; PAT was Rs.26.13 crore vs Rs.19.83 crore.

• Net interest expense increased to Rs.22.41 crore from Rs.21.18 crore; depreciation was Rs.12.00 crore vs Rs.11.08 crore.

Outlook and guidance

• Focus on growing core-market share through operational integration, branding, distribution expansion, proactive supply-chain management and efficient operations.

• Branded products were receiving encouraging customer response; brand promotion and distribution-network development were identified as priorities.