![Patanjali Foods See 71% Jump In Q3 Profit On Cooking Oil Boost Patanjali Foods See 71% Jump In Q3 Profit On Cooking Oil Boost](https://c.ndtvimg.com/2025-02/3ai2he08_patanjali_625x300_11_February_25.jpeg?downsize=773:435)
Indian consumer goods maker Patanjali Foods reported a 71% rise in third-quarter profit on Monday, aided by robust demand at its mainstay cooking oils business. The Ruchi Gold oil maker's profit rose to 3.71 billion rupees ($42.4 million) for the three months ended December 31, from 2.17 billion rupees a year earlier.
Demand for edible oil, a staple in Indian households, has remained strong in recent quarters, even as inflation-affected consumers avoided branded consumer goods and oil makers raised prices to pass on rising ingredient costs.
Last month, larger peer Adani Wilmar reported a twofold surge in quarterly profit, aided by demand for its cooking oils.
Revenue from Patanjali's edible oils segment, which makes up nearly three-fourths of its total revenue, rose 22.5% during the quarter.
That fuelled a 15% growth in overall revenue to 91.03 billion rupees.
However, revenue from the food and fast-moving consumer goods segment fell 18%, hurt by subdued demand in the category.
Patanjali Foods' expenses rose 13% as a mid-September hike in import taxes on crude and refined edible oils drove up input costs for the company.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
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