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Patanjali Foods climbs on aiming Rs 5K crore operational profit, Rs 50K crore turnover in next 5 years

Jun-13-2023   15:23 Hrs IST

Patanjali Foods is currently trading at Rs. 1039.00, up by 17.25 points or 1.69% from its previous closing of Rs. 1021.75 on the BSE.

The scrip opened at Rs. 1016.00 and has touched a high and low of Rs. 1048.00 and Rs. 1010.00 respectively. So far 13298 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 2 has touched a 52 week high of Rs. 1495.00 on 22-Sep-2022 and a 52 week low of Rs. 851.70 on 20-Mar-2023.

Last one week high and low of the scrip stood at Rs. 1048.10 and Rs. 1004.00 respectively. The current market cap of the company is Rs. 36887.28 crore.

The promoters holding in the company stood at 80.82%, while Institutions and Non-Institutions held 5.04% and 14.13% respectively.

Patanjali Foods has chalked out an aggressive growth plan to reach Rs 5,000 crore operational profit and over Rs 50,000 crore turnover in the next five years, banking on huge opportunity that it sees in FMCG business and oil palm plantations.

The company would like to grow its food and FMCG business as well as oil palm plantation vertical in a big way. Patanjali Foods has prepared a vision document for the next five years to become the largest player in the food-FMCG business.

Patanjali Foods, erstwhile Ruchi Soya Industries, sells its products under brands like Ruchi Gold, Mahakosh, Sunrich, Nutrela, Ruchi Star and Ruchi Sunlight.