Ramdev-Backed FMCG Co To Consider Dividend On March 13, Shares Fall 7.26%

Patanjali Foods Ltd shares declined 7.26% in trade today to 1376.90 per share. The company has a market capitalisation of Rs 49,843.07 crore. Patanjali Foods shares witnessed decline of 15% in last 2-weeks and soared 71% in last 2-years. The Board Of Directors of Patanjali Foods will consider interim dividend for financial year 2023-24 on March 13, 2024. Check details below:

Patanjali Foods To Consider Dividend On March 13: According to the BSE filing of the company dated February 29, 2024, "the Board of Directors of the Company will inter alia, consider declaration of Interim Dividend to the shareholders of the Company for the Financial Year 2023-24 at the above meeting scheduled to be held on Wednesday, 13th March, 2024.

Patanjali Foods Sets Record Date For Dividend: The BSE filing added, "Further, in accordance with Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Record date for determining the entitlement of the shareholders for the payment of aforesaid Interim Dividend shall be Thursday, 21 st March, 2024, subject to the approval of Interim Dividend by the Board of Directors."

Patanjali Foods Shares Performance & Return: The 52-week high price of Patanjali Foods shares on BSE is Rs 1741.00 apiece and 52-week low price is Rs 851.70 apiece, respectively. The company's EPS (TTM) is 22.72, PE of 60.60 and ROE of 8.06.

Patanjali Foods Financials: The company for the quarter ended December 31, 2023 declared a decline of 19.55% in its net profit to Rs 216.54 crore as against the net profit of Rs 269.18 crore declared in the year ago period, according to BSE filing. Its net sales surged by 0.2% to Rs 7910 crore from RS 7926.64 crore in the year ago tenure. Revenue of the Ramdev-backed FMCG company witnessed a dip of 15.33% to Rs 5482.64 crore in the quarter under review.

About Patanjali Foods: Since it's incorporation in 1986, Patanjali Foods Limited (formerly known as Ruchi Soya Industries Limited) has evolved as an integrated player in the edible oil business with a presence across the entire value chain, from farm to fork with secured access to palm oil plantations in India.

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