Patanjali Foods

Aug 14 (Reuters) - Patanjali Foods Ltd PAFO.NS:

• PATANJALI FOODS Q1 CONSOL PAT 3.36 BILLION RUPEES

• PATANJALI FOODS Q1 CONSOL REVENUE FROM OPERATIONS 113.37 BILLION RUPEES

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Further company coverage: PAFO.NS

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By Bharath Rajeswaran

Aug 13 (Reuters) - Global index provider MSCI said on Thursday it will add four Indian companies to its widely tracked Global Standard index and remove three as part of its August review, underscoring the continuing churn in India's representation within global passive portfolios.

The changes will be implemented after the close of trading on August 31, 2026, and take effect on September 1, MSCI said.

Laurus Labs LAUL.NS, an active pharmaceutical ingredients manufacturer; Lenskart LENS.NS, an omnichannel eyewear retailer; Adani Energy Solutions ADAI.NS, the Adani Group's power transmission and distribution arm, and Groww BILO.NS, a digital investment and broking platform, will enter the index.

They will replace tyre maker Balkrishna Industries BLKI.NS, credit-card issuer SBI Cards SBIC.NS, and building-materials company Astral ASTL.NS. Following the reshuffle, the number of Indian constituents in the key MSCI index will rise to 166 from 165.

India's weightage in the global standard index will also rise to 11.9% from 11.8%, according to Nuvama Alternative and Quantitative Research.

The inclusion is expected to trigger significant buying by exchange-traded funds and other passive investors that replicate MSCI benchmarks.

Nuvama Alternative and Quantitative Research estimates potential inflows of about $598 million for Laurus Labs, $352 million for Lenskart, $310 million for Adani Energy Solutions and $256 million for Groww.

Conversely, Balkrishna Industries, SBI Cards and Astral could see estimated passive outflows of $169 million, $143 million and $138 million, respectively.

The review also recalibrated weights among existing index members. Eternal ETEA.NS is projected to attract the largest incremental passive inflow, at around $674 million, following an increase in its weight. Adani Enterprises ADEL.NS and Adani Ports APSE.NS could receive about $202 million and $77 million, respectively.

Reliance Industries RELI.NS is estimated to face outflows of roughly $523 million, while Jio Financial Services JIOF.NS may see $61 million in outflows.

Separately, MSCI's Small Cap index review added companies including Amagi Media Labs AMAI.NS, Ather Energy ATHR.NS, Clean Max CLEM.NS, E2E Networks EENE.NS, Embassy Developments EMBS.NS, Patanjali Foods PAFO.NS, Rubicon Research RUBI.NS, Sedemac Mechatronics SEDE.NS, Sky Gold and Diamonds SKYG.NS, United Breweries UBBW.NS, Urban Company URBN.NS and WeWork India WEWO.NS, while removing 19 stocks.

(Reporting by Bharath Rajeswaran in Bengaluru; Editing by Rashmi Aich)

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July 29 (Reuters) - Patanjali Foods Ltd PAFO.NS:

• PATANJALI FOODS - RECEIVES TAX ORDER WITH PENALTY OF 8 MILLION RUPEES

Source text: ID:nBSE3H9QJt

Further company coverage: PAFO.NS

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** Shares of Patanjali Foods PAFO.NS slump 14.12% to 350 rupees, lowest since May 2023

** PAFO falls as much as 19.47%

** Set for the biggest intraday drop since June 2024

** Around 6.89 million shares traded in 27 block deals at discounts of between 8.3% and 18.5% over Tuesday's close

** More than 63.5 million shares traded, 22x times their 30-day avg

** YTD, PAFO down ~37%

(Reporting by Urvi Dugar in Bengaluru)

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June 19 (Reuters) - Patanjali Foods Ltd PAFO.NS:

• PATANJALI FOODS LTD- FURTHER INVESTS 50 MILLION RUPEES IN UNIT

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June 9 (Reuters) - Patanjali Foods Ltd PAFO.NS:

• PATANJALI FOODS - RECEIVES NOTICE FROM MAHARASHTRA FDA ON PROMOTIONAL CLAIMS

• PATANJALI FOODS - COMPANY DOES NOT EXPECT MATERIAL FINANCIAL IMPACT FROM NOTICE

• PATANJALI FOODS - COMPANY ASKED TO RECALL AND HALT SALE OF PATANJALI KARELA JAMUN JUICE

• PATANJALI FOODS - NO MONETARY PENALTY IMPOSED; RECALL AND COMPLIANCE REPORT REQUIRED

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June 2 (Reuters) - Patanjali Foods Ltd PAFO.NS:

• PATANJALI FOODS - RECEIVES SHOW CAUSE NOTICES; TOTAL TAX DEMAND AND PENALTY OF 725.6 MILLION RUPEES

Source text: ID:nNSE5jj2ST

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April 21 (Reuters) - Patanjali Foods Ltd PAFO.NS:

• PATANJALI FOODS LTD - DECLARES 2ND INTERIM DIVIDEND OF 1.75 RUPEES PER SHARE

Source text: ID:nBSE1ph1L6

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Feb 11 (Reuters) - Patanjali Foods Ltd PAFO.NS:

• PATANJALI FOODS DEC-QUARTER CONSOL PAT 5.93 BILLION RUPEES

• PATANJALI FOODS DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 104.84 BILLION RUPEES

• PATANJALI FOODS RECORDS ONE-TIME CHARGE OF 301.9 MILLION RUPEES IN Q3

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By Rajendra Jadhav

MUMBAI, Feb 5 (Reuters) - India's sunflower oil imports are expected to drop around a tenth in 2025/26 to a four-year low as a growing price premium over rivals pushes buyers toward cheaper alternatives, trade officials said.

As a result, the world's largest importer of vegetable oils is likely to increase imports of palm oil, a shift that could help reduce inventories in top producers Indonesia and Malaysia and support benchmark Malaysian palm oil futures FCPOc3.

"With sunflower oil prices rising, India is now likely to import only enough to meet its core demand of around 200,000–225,000 metric tons per month," said Aashish Acharya, vice president at Patanjali Foods Ltd PAFO.NS, a leading importer of edible oils.

Crude sunflower oil from the Black Sea region is currently being offered at about $1,420 a metric ton on a cost, insurance and freight basis for March delivery to India, compared with around $1,165 for crude palm oil and $1,255 for crude soyoil.

Acharya and four dealers with global trade houses estimated that India's sunflower oil imports would drop to 2.65 million tons in the marketing year ending in October, down from 2.94 million tons a year earlier and marking the lowest level since 2021/22.

The dealers declined to be named because they were not authorised to speak to the media.

Russia and Ukraine account for more than two-thirds of global sunflower oil exports, but adverse weather in both countries tightened supplies and lifted prices in January to the highest level in more than three years, said a New Delhi-based dealer with a global trade house.

Argentina is offering sunflower oil at about $10 to $20 a ton cheaper than Black Sea supplies, following improved output, providing some relief for Indian buyers, a dealer said.

Sunflower oil is mainly consumed in India's southern states, but consumers there are shifting toward palm oil, said a Mumbai-based dealer.

The trend was reflected in India's palm oil imports in January, which jumped 51% from December, while sunflower oil imports fell 23%, according to dealers' estimates.

(Reporting by Rajendra Jadhav; Editing by Neil Fullick)

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Adds new quotes

Sept 4 (Reuters) - India late on Wednesday announced tax cuts on hundreds of consumer items ranging from soaps to small cars to spur domestic demand, and simplified its complicated goods and services tax structure to two rate slabs from four, with some exceptions for luxury and "sin" goods.

The benchmark BSE Sensex .BSESN and Nifty 50 .NSEI rose 0.8% each in early sessions.

Here is how the industry has reacted so far:

ANISH SHAH, GROUP CEO & MD, MAHINDRA GROUP

"The next-generation GST reforms... mark a defining moment in India's journey towards building a simpler, fairer, and more inclusive tax system.

At Mahindra, we view these reforms as transformative. They simplify compliance, expand affordability, and energise consumption, while enabling industry to invest with greater confidence."

SAURABH AGARWAL, PARTNER & AUTOMOTIVE TAX LEADER, EY INDIA

"The rationalization of GST rates on automotive vehicles and parts is a truly welcome and significant development. By making vehicles more affordable across all segments, this move will not only boost consumer spending but also simplify complex classification disputes that have long burdened the industry."

SAMIR SHAH, EXECUTIVE DIRECTOR & CFO, HDFC ERGO GENERAL INSURANCE COMPANY

"The GST Council decision to exempt individual health insurance from GST is a welcome development. This move aligns perfectly with the broader ambition of the regulator of 'Insurance for All by 2047,' providing a tangible step forward in that direction.

While it is anticipated that there will be lowering of the premiums due to lowering of the taxes, we are yet to understand the extent of this reduction as this will also depend upon availability of the input tax credit, which will become clearer over the coming days.”

NILESH SHAH, MANAGING DIRECTOR, KOTAK MAHINDRA ASSET MANAGEMENT CO

"The GST announcement lowers inflation, increases growth, boosts consumer sentiment, doesn't disturb the path of fiscal consolidation, improves ease of doing business and partially offers adverse effects of tariffs."

SHAILESH CHANDRA, PRESIDENT SOCIETY OF INDIAN AUTOMOBILE MANUFACTURES

"This timely move is set to bring renewed cheer to consumers and inject fresh momentum into the Indian Automotive sector. Making vehicles more affordable, particularly in the entry-level segment; these announcements will significantly benefit

first-time buyers and middle-income families, enabling broader access to personal mobility."

C S VIGNESHWAR, PRESIDENT, FEDERATION OF AUTOMOBILE DEALERS ASSOCIATIONS

"The 56th GST Council meeting marks a watershed moment for India's automobile retail industry. This is a decisive step that will boost affordability, spur demand, and make India's mobility ecosystem stronger and more inclusive.

One area that may needs earliest clarification is about levy and treatment of cess balances currently lying in dealers' books, so that there is no ambiguity during transition."

SANJEEV ASTHANA, CEO, PATANJALI FOODS LIMITED.

"At Patanjali Foods, we are fully committed to passing on these benefits to our consumers. This initiative will not only enhance FMCG penetration across urban and rural India but also act as a catalyst for broader economic revival by lifting consumption and supporting allied sectors.

Our categories such as ghee, soaps, biscuits, noodles, honey, and chyawanprash will benefit from this reduction."

RADHIKA RAO, SENIOR ECONOMIST AT DBS BANK IN SINGAPORE

Lower GST rates will be positive for growth in the second half of the year and FY27, besides improving operational efficiency and expanding the size of the formal economy.

GARIMA KAPOOR, ECONOMIST, INSTITUTIONAL EQUITIES, ELARA SECURITIES, MUMBAI

"We expect GST related demand boost to add 100 to 120 bps to the GDP growth over next 4-6 quarters, thereby nullifying the negative impact of higher tariffs on exports to US. We remain constructive on the uptick in consumption demand in the economy as multiple policy levers turn favourable for the first time in a decade."

SHRIPAL SHAH, MD & CEO, KOTAK SECURITIES

"The GST rate cuts come at the right time which is just ahead of the festive season and against the backdrop of US tariff tiffs. Lower taxes on essentials, FMCG products, autos and cement will leave consumers with more money in hand.

This should directly boost demand, help traders and businesses see higher volumes, and may even favourably impact next quarter's earnings. It also carries the potential to ease inflation. The key will be how quickly companies pass on the benefits to customers."

DEVARSH VAKIL, HEAD OF PRIME RESEARCH AT HDFC SECURITIES

"The GST reforms represent a paradigm shift toward economic rationality, with rate reductions on essentials like dairy, medicines, and food directly benefiting consumers due to their inelastic nature.

Combined with RBI rate cuts, FY26 income tax rebates, and moderating inflation, these reforms create multiple stimuli for consumption and economic growth."

(Reporting by Chandini Monnappa, Bharath Rajeswaran and Manvi Pant in Bengaluru; Editing by Mrigank Dhaniwala and Nivedita Bhattacharjee)

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Aug 14 (Reuters) - Patanjali Foods Ltd PAFO.NS:

• JUNE-QUARTER CONSOL NET PROFIT 1.8 BILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 89 BILLION RUPEES

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By Rajendra Jadhav

MUMBAI, Aug 12 (Reuters) - India's soyoil imports are poised to surge 60% year-on-year to a record high in 2024/25, as refiners boost purchases due to cheaper prices compared with rival palm oil, shipments of which are set to hit a five-year low, six dealers told Reuters.

Higher soyoil purchases by India, the world's biggest importer of vegetable oils, will support global soyoil prices BOc2, which have risen 31% so far this year, but weigh on benchmark Malaysian palm oil futures FCPOc3.

In the 2024/25 marketing year ending in October, soyoil imports are likely to jump to 5.5 million metric tons, from 3.44 million tons a year ago, according to estimates from dealers.

Palm oil imports in the year, meanwhile, are likely to fall 13.5% from a year ago to 7.8 million metric tons, the lowest since 2019/20, dealers said. Sunflower oil imports could fall 20% to 2.8 million tons, the lowest in three years, they said.

Higher soyoil imports will lift India's total edible oil imports in the year by 1% to 16.1 million tons, dealers estimated.

Palm oil traded at a premium for many months this year, which prompted buyers to replace it with soyoil, said B.V. Mehta, executive director of the Solvent Extractors' Association of India.

"Soyoil was cheap and plenty in stock, so it ended up grabbing palm oil's market share," he said.

Crude palm oil was commanding a premium of as high as $150 per ton over crude soyoil earlier this year due to tight supplies of the tropical oil in producer countries Malaysia and Indonesia.

Indian consumers are price-sensitive and had relied on palm oil because it was cheap. But its price rally prompted even large industrial buyers to look for alternatives, said Aashish Acharya, vice president at Patanjali Foods Ltd PAFO.NS, a leading importer of edible oils.

While soyoil was initially being bought as a substitute for palm oil, it is now also replacing rapeseed oil, which has become more expensive due to a price rally in the past two months, said a Mumbai-based dealer with a global trade house.

India buys palm oil mainly from Indonesia and Malaysia, while it typically imports soyoil and sunflower oil from Argentina, Brazil, Russia and Ukraine.

This year, however, India is likely to buy more than 600,000 tons of soyoil from Nepal, a New Delhi-based dealer said.

Soyoil shipments from Nepal are tax-free under the South Asian Free Trade Agreement, which is encouraging buyers from eastern India to source soyoil from the Himalayan country, he added.

(Reporting by Rajendra Jadhav; Editing by Joe Bavier)

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July 17 (Reuters) - Patanjali Foods Ltd PAFO.NS:

• RECOMMENDS BONUS SHARES IN RATIO OF 2:1

Source text: ID:nBSE30S0JL

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July 10 (Reuters) - Patanjali Foods Ltd PAFO.NS:

• PATANJALI FOODS LTD - ORDER REVOKES PROHIBITION ON PATANJALI ORGANIC WILD HONEY

Source text: ID:nNSE43Q1fF

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March 13 (Reuters) - Patanjali Foods Ltd PAFO.NS:

• PATANJALI FOODS - PROHIBITION ORDER ON SALE OF PATANJALI ORGANIC WILD HONEY BATCH BY LADAKH ADMIN

• PATANJALI FOODS LTD - ORDER DUE TO PRESENCE OF NITROFURANS IN PATANJALI ORGANIC WILD HONEY

• PATANJALI FOODS LTD - NO MATERIAL IMPACT ON FINANCIAL ACTIVITIES EXCEPT 1.4 MILLION RUPEES

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March 5 (Reuters) -

• LIC INCREASES STAKE IN PATANJALI FOODS TO 7.063% FROM 5.020% - EXCHANGE FILING

Source text: ID:nBSE9zBKcS

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Adds detail on soft oils in paragraphs 5 and 6

By Rajendra Jadhav and Ashley Tang

KUALA LUMPUR, Feb 24 (Reuters) - Palm oil's share of India's annual edible oil imports is set to drop below soft oils for the first time as its rising premium over soyoil and sunflower oil pushes refiners toward more affordable alternatives, the head of an industry body said.

Lower palm oil imports by India, the world's biggest buyer of vegetable oils, could weigh on benchmark Malaysian palm oil prices FCPOc3 and support U.S. soyoil futures Boc2.

"Palm oil is getting pricey due to supply issues, so buyers are naturally shifting to soyoil and sunflower oil instead," said Sanjeev Asthana, president of the Solvent Extractors' Association of India (SEA), in an interview with Reuters.

The country's palm oil imports in the 2024/25 marketing year ending in October 2025 could fall to as low as 7.5 million metric tons, the lowest in five years, said Asthana, who is also the CEO of Patanjali Foods Ltd PAFO.NS.

Palm oil is losing market share to soft oils, mainly sunflower oil and soybean oil, which are projected to account for a slightly larger volume of imports, he said.

Soft oils describe those that remain liquid at room temperature, whereas palm oil hardens.

Palm oil accounted for 56% of India's total edible oil imports in the last marketing year, but in the first three months of the current year its share fell to 43%, the SEA data showed.

Palm oil has been trading at a premium over rival oils for the past few months as supplies from top producers Indonesia and Malaysia were affected by floods at a time when Jakarta has also moved to increase the tropical oil's use in biodiesel.

The current premium for palm oil is not sustainable, and once it begins trading at a discount, likely within two months, Indian buyers will increase their imports, Asthana said.

Soyoil imports in the current year could increase by 1 million to 1.5 million tons from last year's 3.4 million tons, while sunflower oil imports may rise slightly from last year's record level of 3.5 million tons, he said.

India meets nearly two-thirds of its vegetable oil demand through foreign sourcing. It buys palm oil from Indonesia, Malaysia and Thailand, while soyoil and sunoil come from Argentina, Brazil, Russia and Ukraine.

The rising availability of local oils, which will help fulfil incremental demand, is expected to keep the country's total edible oil imports steady at around 16 million tons this year, Asthana said.

(Reporting by Rajendra Jadhav and Ashley Tang; Editing by Jamie Freed and David Evans)

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Feb 19 (Reuters) - Patanjali Foods Ltd PAFO.NS:

• SUPREME COURT QUASHES 1.86 BILLION RUPEES DEMANDS ON CO

Source text: ID:nBSE9PntpY

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Feb 18 (Reuters) - Patanjali Foods Ltd PAFO.NS:

• SUPREME COURT DISMISSES INCOME TAX DEPARTMENT'S SPECIAL LEAVE PETITION

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Feb 10 (Reuters) - Patanjali Foods Ltd PAFO.NS:

• DEC-QUARTER PAT 3.71 BILLION RUPEES

• DEC-QUARTER REVENUE FROM OPERATIONS 91.03 BILLION RUPEES

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Feb 5 (Reuters) - Patanjali Foods Ltd PAFO.NS:

• PATANJALI FOODS LTD - PATANJALI GROUP PARTNERS WITH IBSFINTECH FOR TREASURY MANAGEMENT

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Jan 23 (Reuters) - Patanjali Foods Ltd PAFO.NS:

• FSSAI DIRECTS PATANJALI FOODS TO RECALL RED CHILLI POWDER BATCH AJD2400012

Source text: ID:nBSEZKY6H

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Jan 9 (Reuters) - Patanjali Foods Ltd PAFO.NS:

• PATANJALI FOODS LTD - FILES APPEAL AGAINST ARBITRATION TRIBUNAL AWARD

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Dec 16 (Reuters) - Patanjali Foods Ltd PAFO.NS:

• PATANJALI FOODS LTD - STARTS COMMERCIAL PRODUCTION AT NIGLOK PALM OIL MILL

Source text: ID:nBSEbslsY7

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Nov 26 (Reuters) - Life Insurance Corporation of India LIFI.NS:

• LIC - INCREASED SHAREHOLDING IN PATANJALI FOODS FROM 4.986% TO 5.020%

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Oct 24 (Reuters) - Indian consumer goods maker Patanjali Foods PAFO.NS reported a 21% rise in second-quarter profit on Thursday, aided by strong demand at its mainstay cooking oils business.

The Ruchi Gold oil maker's profit rose to 3.09 billion rupees (about $37 million) for the three months ended Sept. 30, from 2.55 billion rupees a year earlier.

India's edible oil demand has been buoyant as cooking oils remain affordable despite an import duty hike, analysts said.

Consumer goods makers have also been witnessing a pickup in demand in India's rural areas, with sales there outperforming urban areas.

Revenue from Patanjali's edible oils segment, which makes up nearly three-fourths of its total revenue, rose about 10% during the quarter.

That led to a 4% growth in overall revenue to 81.54 billion rupees.

However, revenue from the food and fast moving consumer goods segment fell 7%, in line with sluggish demand at the industry level, the company said in a statement.

Margins on earnings before interest, tax, depreciation, and amortization expanded to 6.06% from 5.34% a year earlier.

Peer Adani Wilmar ADAW.NS also reported higher second quarter profit on steady edible oils demand.

($1 = 84.0520 Indian rupees)

(Reporting by Ashna Teresa Britto, Additional Reporting by Manvi Pant; Editing by Mrigank Dhaniwala)

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Oct 9 (Reuters) - Patanjali Foods Ltd PAFO.NS:

• ARBITRATION TRIBUNAL PASSED AWARD IN ARBITRATION WITH ASHAV ADVISORY

• AWARD DIRECTS PATANJALI AYURVED, OTHERS TO PROVIDE AAL WITH 18.7 MILLION SHARES OF CO

Source text for Eikon: ID:nBSE5ZTrrT

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Oct 8 (Reuters) - Patanjali Foods Ltd PAFO.NS:

• INDIA COMPETITION WATCHDOG: APPROVES BUYING OF HOME, PERSONAL CARE BUSINESS OF PATANJALI AYURVED BY PATANJALI FOODS

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Recasts first paragraph, updates with Indonesia palm oil association comments in paragraphs 14-15

By Rajendra Jadhav

MUMBAI, Sept 23 (Reuters) - Indian refiners cancelled 100,000 metric tons of palm oil purchases for delivery between October and December, as New Delhi's move to raise import duties amid a rally in overseas prices prompted them to book profits, five trade officials told Reuters.

Refiners in the world's largest importer of palm oil cancelled this quantity over the past four days, including 50,000 tons on Monday, after Malaysian palm oil futures jumped to their highest level in 2-1/2 months.

The Indian cancellations could limit the rally in Malaysian palm oil prices FCPOc3, although they could support soyoil prices BOc2 as some refiners shift to soyoil.

India earlier this month raised the basic import tax on crude and refined edible oils by 20 percentage points, which effectively increases the total import duty on crude palm oil to 27.5% from 5.5%.

"The hefty duty hike and the jump in Malaysian prices caught everyone off guard," said an Indian buyer who operates a refinery on the east coast and cancelled palm oil shipments for October delivery.

"It created a situation where refiners can make more money by cancelling old purchases instead of refining and selling. Sellers are happy too, since they can now sell at higher prices to new buyers."

India, on average, imports 750,000 tons of palm oil every month, and the cancellation of 100,000 tons represents about 13.3% of monthly imports.

Crude palm oil (CPO) is currently being offered at about $1,080 a ton, including cost, insurance and freight (CIF), in India for October delivery, compared to around $980 to $1,000 a month ago, giving profit margin of $80 to $100 to buyers.

East Coast-based refiners are washing out on contracts by cancelling them and making a very decent profit, said Aashish Acharya, vice president at Patanjali Foods Ltd PAFO.NS, a leading importer of edible oils.

India imports palm oil mainly from Indonesia, Malaysia and Thailand.

"Refiners aren't sure about the demand for the December quarter with these higher prices. They're also worried about whether the prices will hold. That's why they're cancelling contracts," said Sandeep Bajoria, chief executive of Sunvin Group, a vegetable oil brokerage and consultancy firm.

Price-sensitive Asian buyers traditionally rely on palm oil due to its low cost and quick shipping times. However, with the recent rise in prices, palm oil is now trading at a premium over soyoil.

Buyers will prefer buying cheaper soyoil and sunflower oil for winter months than expensive palm oil, said a Mumbai-based dealer with a global trade house.

Indonesia's palm oil producer association GAPKI hoped the recent changes in Indonesia's export levy could boost global demand of the edible oil, especially from India, the group secretary general Hadi Sugeng said late on Monday.

The world's biggest palm oil exporter Indonesia last week lowered its palm oil export levy to improve competitiveness against rival edible oils.

India's palm oil imports usually moderate during winter months as the tropical oil solidifies at lower temperatures.

India buys soybean and sunflower oil mainly from Argentina, Brazil, Russia and Ukraine.

(Reporting by Rajendra Jadhav; Editing by David Evans and Stephen Coates)

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