Patanjali Foods' profits surged to Rs 2,629 crore thanks to e-commerce and quick commerce channels.

Net profit is Patanjali Foods In the first quarter of FY24-25, it surged to Rs 2,629 crore compared to the previous year (1st Quarter of FY25In a stock exchange filing, the company said:

The company reported a three-fold increase in profits in the first quarter of the current fiscal year from Rs 880 crore in the same period last year. The company also reported standalone revenue of Rs 7,173.06 crore for the first quarter of fiscal 2024-25. The company's EBITDA doubled year-on-year to Rs 435.08 crore and grew 4.08 percent quarter-on-quarter.

The company also said that EBITDA margin in Q1FY25 increased to 6.07% on operating revenue from 5.08% in the previous quarter. Consumer Goods The segment's revenue remained flat at Rs 1,953.55 crore during the quarter. However, the segment's revenue as a percentage of operating revenue increased to 26.77% in Q1FY25 from 24.84% in the same period last year.

of Export Revenues The company's turnover stood at Rs 533.3 crore in Q1FY25. The company has added new markets to its export portfolio, which now stands at 22 countries. The company also said that its products E-commerce A platform in the global market.

Patanjali Foods added that it reported a healthy quarter with profitability metrics showing robust growth year-on-year. The growth was primarily due to lower edible oil price volatility and stable performance of its food and FMCG portfolio. The company also saw strong growth in its e-commerce and Rapid business transactionsIn Food and Consumer Goods From this segment, the company recorded revenue of Rs 1,953.55 crore in Q1FY25, accounting for 26.77% of the company's operating revenue.

The company continued to focus on growing its biscuits segment, which recorded a growth of 9.41% year-on-year. Biscuit business The company achieved revenue of Rs 4,170.3 crore.

The company added that new launches of premium biscuits contributed to this portfolio growth.The “Doodh” biscuit brand posted quarterly revenue of Rs 2,657.7 million, up 6.97% year-on-year and up from Rs 2,484.6 million in Q1FY24.