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Informist, Saturday, May 30, 2026

By Ashutosh Pati and Nandini Sinha

MUMBAI – Patanjali Foods Ltd. expects firm growth in volumes for most of its segments in the financial year 2026-27 (Apr-Mar), with the highest growth of around 18% seen in the home and personal care products. The company expects volumes of its foods portfolio to grow by 8-10% in FY27 and around 3-5% in the vegetable oils segment, the management said in a post-March quarter results conference call with analysts and investors late Saturday.

"I think our volume growth in the veg oils will remain pretty much in the ballpark range of 3-5%, which is what the anticipation... is what India will sort of grow as well," a top official of the company said.

Though there has been some improvement in prices of staples, the company's staples porfolio may get hit by the likely El Nino climate pattern this year, which results in substantially lower rainfall in the Indian subcontinent. Patanjali Foods has not taken a lot of price hikes, barring in pulses, rice, and ghee.

"...it was pretty much across the board where the price rise has happened. And the range has been between 2% and 5%," the management said. "...the last four weeks that we have seen the prices finally, the market is pricing in the news of drought, you know, the potential El Nino impact, and the disruption in the supplies now. So I think in this quarter, we'll have to see that (price hikes)."

The management said skin care has emerged as the "breakout" category for the company, with growth of around 58% on year in the March quarter. The segment's revenue for the quarter was INR 2.39 billion. For FY26, the segmental revenue was INR 6.80 billion. "In Q4'26, it is a fastest-growing subcategory within HPC (home and personal care) and key area of strategic focus going forward," the management said.

Patanjali Foods also plans to strengthen its fruit-based beverage portfolio this year. The launch of the Patanjali Apple drink has aided the segment's performance. For the March quarter, the company's raw material costs rose to INR 78.84 billion from INR 61.23 billion a year ago. Its borrowings also rose during the quarter as it paid in advance for these raw materials, according to the management.

Sales of biscuits saw a marginal sequential dip in the March quarter, mainly because of disruptions in overall consumption patterns. Seasonality also played a part in this fall, the management said. Another shift in consumption habits was towards mustard oil amid the rise in prices of palm oil, soyoil, and sunflower oil. Palm oil price increased by 15%, soyoil price rose 17%, and sunflower oil price rose 22% in April on an annual basis. "This has led to a noticeable shift in consumer preference towards mustard oil, which was traditionally viewed as more expensive than palm oil," the management said.

Patanjali Foods reported a net profit of INR 5.24 billion, up over 46% on year, for the March quarter. This includes an exceptional cost of INR 1.69 billion. Its revenue for the quarter rose over 17% on year to INR 111.56 billion. Friday, its shares ended at INR 456.20 on the National Stock Exchange, up 0.3% from Wednesday. The stock market was shut Thursday for Id-ul-Zuha (Bakri Id).  End

Edited by Rajeev Pai

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