Patanjali Foods aims to achieve a revenue of 50,000 crores by 2028, with a focus on expanding its FMCG and food division to contribute 50% of its sales within the next 3-4 years. Currently, 80% of its revenues come from edible oils, a segment with high volume but low margins. Despite edible oils being a profitable segment, generating over 25,000 crores in revenue, it only yields 100 crores in profits for Patanjali. The company seems to be pinning its hopes on the growth potential of its FMCG and food division, anticipating over a 25% jump in revenues by the upcoming fiscal year, thus aiming to boost its overall top line and profitability.
In today’s episode for 2nd March 2024, we trace the journey of the Patanjali Group and tell you why the Supreme Court has imposed a temporary advertising ban on one of its entities.