Patanjali Foods Nears 52-Week High on Strong Q4 Showing
Patanjali Foods’ stock climbed 3.7% in recent trading, edging close to its 52-week high of ₹1,648.80, following a robust financial performance in the March quarter. The surge reflects renewed investor confidence in the FMCG major, particularly in its edible oil and food & FMCG segments.
The company reported a 19.7% year-on-year jump in standalone net profit for Q4 FY24, reaching ₹264.6 crore, beating analyst expectations. Revenue from operations stood at ₹7,999 crore, marking a 1.6% increase compared to the same period last year. While the rise in topline revenue remained modest, operating efficiencies and product mix improvements fueled overall profitability.
Patanjali Foods’ core Food & FMCG division continues to gain momentum. The segment posted a significant 18.4% year-on-year revenue increase, signalling growing consumer acceptance of the brand’s diverse product portfolio. According to management, the company is actively working towards margin expansion through innovations, market penetration, and premiumisation strategies.
The company’s board has also recommended a final dividend of ₹6 per share for FY24, underscoring management’s confidence in its financial health and long-term growth trajectory.
Brokerage firms remain bullish on Patanjali Foods. ICICI Securities maintains an ‘Add’ rating on the stock, citing strong performance in the food segment and improved operating margins as key strengths. The firm believes scaling up in the branded foods category, along with backward integration, is critical for sustaining margin improvement over the long term.
Patanjali Foods, which operates across edible oils, packaged foods, and nutraceuticals, continues to strengthen its presence in the FMCG ecosystem. As demand patterns shift toward health-oriented and naturally positioned products, the company is well-placed to tap into these consumer trends. Its performance signals resilience amid competitive pressures and volatile input costs.
As the company approaches its 52-week high, market participants will be closely watching its next steps in expanding product lines and deepening retail reach—critical areas that could shape its trajectory in India’s growing FMCG landscape.