Patanjali Foods Limited · NSE:PATANJALI
Patanjali Foods — Q2 FY2024 Earnings Presentation
13 slides from Patanjali Foods's earnings presentation, Nov 8, 2023
Slide 1: Patanjali Foods Limited Quarterly Performance Update
PATANJALI FOODS LIMITED QUARTERLY PERFORMANCE UPDATE Q2 FY 2023-24 | November 08, 2023 Nurturing Growth. Cultivating Success.
Slide 2: Disclaimer
DISCLAIMER This presentation is issued by Patanjali Foods Limited (the “Company”) for general information purposes only, without regard to any specific objectives, suitability, financial situations and needs of any particular person. This presentation does not constitute any recommendation or form p
Slide 3: Presentation Path
PRESENTATION PATH 1 Executive Summary Financial Indicators 2 3 Business Indicators 3
Slide 4: Executive Summary
EXECUTIVE SUMMARY • Sustained performance despite volatile edible oil markets • Increase in share of Food & FMCG in overall revenue • New premium product launches to aid further growth and margins • Continued expansion in Oil Palm Plantation • Onboarding MS Dhoni as brand ambassador for edible oil b
Slide 5: Financial Indicators: Overall Performance
FINANCIAL INDICATORS Overall Performance 1. Revenue from operations for Q2FY24 clocked at INR 7,821.9 Cr with a growth of 0.7% QoQ and -8.1% YoY 2. Total income, including other income, stood at INR 7,845.8 Cr 3. EBITDA grew to INR 419.2 Cr, 97.8% QoQ and 104.3% YoY i. EBITDA margin improved to 5.3%
Slide 6: Financial Indicators: Food & FMCG and Edible Oils Segments
FINANCIAL INDICATORS Segment – Food & FMCG 6. In Q2FY24, the segment sales went up to INR 2,487.6 Cr contributing to 31.8% of revenue from operations of the company vis-à-vis 25.1% contribution in Q1FY24 7. The segment registered a YoY growth of 5.5% compared to Q2FY23 8. In Q2FY24, the segment EBIT
Slide 7: Financial Indicators: Edible Oils and Windmill Segments
FINANCIAL INDICATORS 11. Segment EBITDA stood at INR -27.1 Cr; against INR -435.2 Cr in Q2FY23 and INR - 97.8 Cr in Q1FY24 12. Divergent price moves between spot and future markets along with excessive imports and high inventory levels impacted the margins 13. Careful built-up of hedges and regular
Slide 8: Business Indicators: Food & FMCG
BUSINESS INDICATORS FOOD & FMCG 15. The Food & FMCG segment's continuous growth, now at 31.7% of total income this quarter, is aligned with the company's vision of balancing FMCG and Oil businesses 16. Nutrela i. Highest-ever quarterly sales of Textured Soya Products (TSP), i.e., 8,918 MT, which is
Slide 9: Financial Indicators: Biscuits, Nutraceuticals, New Launches
FINANCIAL INDICATORS ii. In Q2, marquee biscuit brands such as Doodh Biscuits grew by ~28% YoY & Nariyal Biscuits by ~68% YoY iii. Direct retail outlets have increased from 4,50,000 last year to 1 million in this quarter iv. Doodh biscuit clocked in average monthly sales of approx. INR 100+ Cr durin
Slide 10: Business Indicators: Edible Oils
BUSINESS INDICATORS i. Biscuits – Ragi Biscuits & 7-Grain Biscuits: Newly launched 7 Grain, Ragi and Digestive biscuits getting good response; ii. Nutrela Maxx Nuts: Listing done on major eCommerce; plan to place at Patanjali's own stores across the country EDIBLE OILS 20. The edible oil prices in p
Slide 11: Business Indicators: Hedging and Oil Palm Plantation
BUSINESS INDICATORS 23. Company churned its physical positions by continuous selling in the markets, that acted as natural hedge, and replaced its stock with lower rate purchases 24. Conscious reduction in hedge ratio considering the divergent price movements in physical and futures markets i. Hedge
Slide 12: Business Indicators: Oil Palm Plantation Drive
BUSINESS INDICATORS 29. 15 Lakh Seed Sprouts imported during the quarter 30. Mega Oil Palm Plantation Drive was conducted in Seven States under Government of India initiative 31. MOA signed with Department of Horticulture, Andhra Pradesh on allotment of 13 new Mandals in 3 districts 32. Establishmen
Slide 13: Registered Office
Registered Office: 616, Tulsiani Chambers, Nariman Point, Mumbai – 400021, Maharashtra Phone: (+91-22) 61090100 / 200 Website: www.patanjalifoods.com Email: secretarial@patanjalifoods.co.in