Patanjali Group expects turnover of Rs 1 lakh crore in next 5-7 years; to launch 4 IPOs

By siliconindia  |  Saturday, 17 September 2022, 09:23:11 AM IST

Patanjali Group expects turnover of Rs 1 lakh crore in next 5-7 years; to launch 4 IPOs
Baba Ramdev-promoted Patanjali group plans to list four of its companies on the Indian stock exchanges over the next five years, the baab ramdev said at a press conference .
Ramdev, whose Patanjali group sells a gamut of packaged consumer goods ranging from juices to biscuits besides ayurvedic and over-the-counter products, said the initial public offerings (IPOs) would be launched for the group’s Ayurveda, medicine, wellness and lifestyle companies.
So far, only one of the group’s companies, Patanjali Foods, formerly known as Ruchi Soya, which was acquired in 2019 via insolvency proceedings for Rs 4,350 crore, is listed on the bourses.
“Patanjali Ayurved is most ideal for an IPO, in terms of profitability, product line, reach, customer base and future projections,” Ramdev said.
He said the group is aiming for a market capitalisation of more than Rs 5 lakh crore within five years, up from Rs 50,000 crore currently. The group’s current turnover at Rs 40,000 crore is expected to increase to Rs 1 lakh crore in the next five years, he said, as Patanjali steps up competition with established giants.
Ramdev said Patanjali Foods is on its way to being a diversified FMCG company with brands such as Ruchi, Nutrela and Patanjali, adding that he expected the company to outperform peers through portfolio diversification and distribution network.
The stock of PatanjaliFoods closed at Rs 1,350.10, up by Rs 8.95 or 0.67% on the NSE.
The Haridwar-based firm, which sells more than 500 stock-keeping units including noodles, honey, juices and flour (atta), reported a consolidated net profit of Rs 740.4 crore in FY22, compared with Rs 745 crore in FY21, according to an exchange filing. Ramdev said the group will create 500,000 jobs in the next four-five years across group companies.

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