Patanjali Foods Limited: History, Latest Updates, Milestones, Subsidiaries & Share Price
Introduction
Patanjali Foods Limited, operating in the business of edible oil. Patanjali Foods Limited is among the top FMCG companies in manufacturing and sales of edible oil like palm oil. The company is the major player in palm plantation in India. Patanjali Foods Limited is the forerunner in the manufacture of Soya related foods in India.
Patanjali Foods Limited, holds 22 edible oil manufacturing units in India with a capacity of 10000 tonnes per day. Some of its popular brands are Nutrela soya chunks and granules, Ruchi Vanaspati, Mahakosh soya bean oil, Ruchi and Nutrela edible oils and atta.
Patanjali Foods Limited Moves In 2024
Patanjali Foods Share Price for the month of July,2024 was Rs. 1592.90
Patanjali Foods Limited in July ,2024 decided for the acquisition of Patanjali Ayurved for a sum of Rs.1100 crore. The main objective of this acquisition is to position Patanjali Foods Limited in the FMCG sector. After this decision and announcement, Patanjali Foods share price rose by 6.81% in BSE.
Patanjali Foods Share Price for the month of June,2024 was Rs. 1591.40
Patanjali Foods Limited in February2024 decided to divest its ownership in Ruchi Ethiopia Holdings as part of a debt restructuring plan. After this decision, Patanjali share price rose by 0.69% in BSE.
Patanjali Foods Share Price for the month of May,2024 was Rs. 1430.10
Patanjali Foods Limited in April,2024 received a show cause notice for GST dues to explain on the recovery of input tax credit of Rs.27.46 crores.
Patanjali Foods Share Price for the month of April,2024 was Rs. 1510.70
Patanjali Foods Limited on its FY2024 fourth quarter results, Revenue of the company increased by 4% to Rs.8221 crores . The net profit of the company decreased by 22% due to the decrease in edible oil demand. Patanjali Foods Limited has declared an interim dividend of Rs. 6 per Patanjali Company shares.
Patanjali Foods Share Price for the month of March,2024 was Rs. 1332.46
GQC Partners has increased their ownership to 11.48 % in Patanjali Foods Limited in April,2024. After this move, Patanjali share price increased by 7%.
Patanjali Foods Share Price for the month of February,2024 was Rs. 1530.88
Patanjali Foods Share Price for the month of January,2024 was Rs. 1575.08
Evolution Of Patanjali Foods Limited: From Past to Present
|
Year |
Evolution |
|
1986 |
Established Ruchi Soya Industries Limited |
|
1992 |
Listed on stock exchange |
|
2000 |
Expansion of edible oils, vanaspati and soy foods business. |
|
2017 |
Joined Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy code |
|
2020 |
Patanjali Ayurved acquired Ruchi Soya for Rs.4350 crores. |
|
2021 |
Relaunched Patanjali brand |
|
2022 |
Integrated Patanjali’s Product portfolios. |
|
2023 |
Launched new products in FMCG segments |
Patanjali Foods Limited Company Information
|
Company Information |
|
|
Name |
Patanjali Foods Limited |
|
Founded year |
1986 |
|
Founder |
Mr. Dinesh Sahara |
|
Headquarters |
Indore, Madhya Pradesh, India |
|
Industry |
Food Processing |
|
Chairman |
Mr. Acharya Balkrishna |
|
Parent Company |
Patanjali Ayurved |
|
Revenue |
Rs. 31821 crore FY2023 |
|
Net Income |
Rs. 886 crore FY2023 |
|
NSE code |
NSE:PATANJALI |
|
BSE code |
BSE: 500368 |
Inside Patanjali Foods Limited
Main News
Patanjali Foods Limited on its FY2024 fourth quarter results, Revenue of the company increased by 4% to Rs.8221 crores . The net profit of the company decreased by 22% due to the decrease in edible oil demand. Patanjali Foods Limited has declared an interim dividend of Rs. 6 per Patanjali Company shares.
Corporate Action
Patanjali Foods Limited in July ,2024 decided for the acquisition of Patanjali Ayurved for a sum of Rs.1100 crore. The main objective of this acquisition is to position Patanjali Foods Limited in the FMCG sector. After this decision and announcement, Patanjali Foods share price rose by 6.81% in BSE.
Patanjali Foods Limited in February2024 decided to divest its ownership in Ruchi Ethiopia Holdings as part of a debt restructuring plan. After this decision, Patanjali share price rose by 0.69% in BSE.
Patanjali Foods Share Price
|
Company Name |
Sector |
Share Price Link |
|
Patanjali Foods Limited |
FMCG |
Milestones of Patanjali Foods Limited
|
Year |
Milestones |
|
6th January,1986 |
Incorporated Ruchi Soya Industries Limited |
|
1989 |
Launched New soya plant at Uttar Pradesh and Madhya Pradesh |
|
2004 |
Aneja Solvex Private Limited was acquired by Ruchi Soya Industries Limited |
|
2007 |
Ruchi Soya share price of face value split from Rs.10 to Rs.2 |
|
2008 |
Ruchi Soya board announced a dividend of 4%. |
|
2010 |
Ruchi Soya entered into a MoU with the Ethiopian government. Ruchi Soya acquired Palm Tech in Andhra Pradesh. |
|
2012 |
Ruchi Soya in MoU with Thermax |
|
2013 |
Ruchi Soya in joint venture with J Oil Mills and Toyota, Kagome and Mitsui, GAIN and CECOEDECON |
|
2014 |
Ruchi Soya in agreement with PFNDAI and Government of Rajasthan. |
|
2016 |
Ruchi Soya launched Rice bran oil |
|
2017 |
Ruchi Soya entered into agreement with Patanjali Ayurved |
|
2020 |
Ruchi Soya acquired Patanjali Natural Biscuits Private Limited and also divested into FMCG and FMHG. |
|
2022 |
Ruchi Soya Industries Limited changed its name to Patanjali Foods Limited after acquisition of the food division of Patanjali Ayurved for Rs.690 crores. |
Patanjali Foods Limited Awards & Achievements
Patanjali Foods Limited is one of the top players in the Indian FMCG sector.
Conclusion
Patanjali Foods Limited is one of the emerging FMCG companies in India. Patanjali Foods is emerging as a leading company with strong growth and with plans for expansion through acquisitions. The company has integrated various products in its portfolio. Patanjali Foods Limited with its innovation in food products and increase in investors confidence has provided a robust growth for the company.
Unlock your financial future with Enrich Money, your gateway to the democratized, digital stock market revolution. Track the growth of Patanjali Foods Limited and harness the power of advanced platforms like Enrich Money to seize wealth creation and strategic investment opportunities. Embrace the future of investing with Enrich Money’s best trading platform in India for beginners.
Frequently Asked Questions
What is Patanjali Stock price Today?
Patanjali share price today is available on Enrich Money's stock analysis page.
Where can I view the Ruchi Soya Share Price BSE?
You can view the Ruchi Soya Share Price at Enrich Money.
Where can I find a detailed analysis of Patanjali Foods share price ?
At Enrich Money’s stock analysis page, traders can find the share price of Patanjali Foods and its stock analysis.
Where to find Current Patanjali Foods Share Price?
You can find the current Patanjali foods share price at Enrich Money.
What will be the target for Patanjali Foods Share Price in 2024?
Patanjali Foods share price target for the year 2024 would be between Rs. 1484.31 to Rs.1952.04 .For real-time insights into the future of Patanjali Foods Share Price, visit Enrich Money
Related Resource:
Disclaimer: This blog is dedicated exclusively for educational purposes. Please note that the securities and investments mentioned here are provided for informative purposes only and should not be construed as recommendations. Kindly ensure thorough research prior to making any investment decisions. Participation in the securities market carries inherent risks, and it's important to carefully review all associated documents before committing to investments. Please be aware that the attainment of investment objectives is not guaranteed. It's important to note that the past performance of securities and instruments does not reliably predict future performance.
