Patanjali Foods (PATANJALI) Q4 01/02 earnings summary

Executive summary

• FY02 sales, service charges and other income rose 9.23% YoY to Rs.2,847.01 crore; net profit increased to Rs.27.33 crore from Rs.26.13 crore.

• Strategy shifted toward backward integration, brand building and consumer packs, supported by supply-chain and distribution expansion.

• Consolidated sales and other income were Rs.3,322.84 crore and consolidated profit after tax was Rs.36.14 crore.

Financial highlights

• Standalone operating profit (PBDIT) rose 12.22% to Rs.70.98 crore; PBT increased 17.58% to Rs.33.91 crore.

• Standalone PAT reached Rs.27.33 crore despite Rs.2.48 crore deferred-tax provision, recognized for the first time, and Rs.0.06 crore prior-year tax provision.

• Export sales fell to Rs.216.86 crore from Rs.293.12 crore, reflecting lower product prices and sluggish international demand.

Outlook and guidance

• Consumer packs identified as a high-potential growth market; plans emphasized backward integration, brand building, stronger supply chains and effective distribution.

• Priorities included wider and deeper distribution, regional product preferences, Nutrela variants and affordable oils for rural and urban markets.

• Planned R&D includes textured soya protein, soya snacks, modified fats and margarine; new refined-oil blends were developed.