Patanjali Foods Q2 Results Live : Patanjali Foods has declared its Q2 results for the fiscal year 2024 on October 24, 2024. The company’s topline revenue experienced a robust growth of 4.25% year-over-year (YoY), while the profit surged by an impressive 21.23% YoY.
In comparison to the previous quarter, Patanjali Foods showcased significant growth, with revenue climbing by 13.68% and profit increasing by 17.45%. This upward trend indicates a strong recovery and operational efficiency.
However, the company’s Selling, General & Administrative (SG&A) expenses saw a notable rise, increasing by 10.94% quarter-over-quarter (q-o-q) and a staggering 43.59% YoY. This surge in expenses raises questions about cost management strategies moving forward.
Patanjali Foods reported an operating income growth of 12.63% q-o-q and 17.15% YoY, showcasing its ability to enhance profitability despite rising costs. The Earnings Per Share (EPS) for Q2 stands at ₹8.53, reflecting a 21.34% increase YoY.
In terms of market performance, Patanjali Foods has delivered a return of 2.18% in the last week, 16.99% over the past six months, and an impressive 12.99% year-to-date (YTD) return. The company currently boasts a market capitalization of ₹64,420.61 crore, with a 52-week high of ₹1,992.2 and a low of ₹1,169.95.
Analysts are optimistic about Patanjali Foods’ future, as evidenced by the consensus recommendation of a ‘Strong Buy’ rating from all two analysts covering the company as of October 25, 2024. This positive outlook reflects confidence in the company’s growth trajectory.
Patanjali Foods Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 8154.19 | 7173.06 | +13.68% | 7821.89 | +4.25% |
| Selling/ General/ Admin Expenses Total | 130.11 | 117.28 | +10.94% | 90.61 | +43.59% |
| Depreciation/ Amortization | 56.45 | 56.96 | -0.89% | 60.1 | -6.07% |
| Total Operating Expense | 7761.51 | 6824.42 | +13.73% | 7486.69 | +3.67% |
| Operating Income | 392.68 | 348.64 | +12.63% | 335.19 | +17.15% |
| Net Income Before Taxes | 416.89 | 358.98 | +16.13% | 335.08 | +24.42% |
| Net Income | 308.58 | 262.72 | +17.45% | 254.54 | +21.23% |
| Diluted Normalized EPS | 8.53 | 7.26 | +17.49% | 7.03 | +21.34% |
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