Patanjali Foods Sees a Decline in Share Price – On Thursday, Patanjali Foods’ share price saw a slight drop of 0.44%, closing at ₹1855.30. During trading, it had even fallen to a low of ₹1827.80. Just a few months ago, in September 2024, the share was valued at ₹2030.
FSSAI Orders Recall of Chilli Powder Batch
In a significant move, the Food Safety and Standards Authority of India (FSSAI) has directed Patanjali Foods to recall a batch of red chilli powder. The authority took this step after finding that the company did not adhere to food safety standards. The affected batch is labeled as AJD2400012, and the company has been instructed to pull it off the shelves immediately. Despite this setback, Patanjali Foods, led by Baba Ramdev, remains one of India’s leading edible oil companies. However, the company’s stock showed some sluggishness on Thursday. In the previous fiscal year, Patanjali Foods reported a 23.15% increase in revenue, reaching ₹9,335.32 crores.
Revenue Growth Compared to Last Year
Patanjali Ayurveda, the parent company of Patanjali Foods, has seen remarkable growth in its revenue. In the fiscal year 2023-24, Patanjali Ayurveda recorded a revenue of ₹2,875.29 crores, a significant rise from just ₹46.18 crores in the previous year. The company’s sales offerings, including its OFS and other subsidiaries, contributed to this revenue boost.
