Patanjali Foods Limited · NSE:PATANJALI
Patanjali Foods — Q3 FY2023-24 Earnings Presentation
17 slides from Patanjali Foods's earnings presentation, Feb 8, 2024
Slide 1: Letter to stock exchanges on earnings conference call
PFL/2024 February 08, 2024 To BSE Ltd. National Stock Exchange of India Ltd., Floor No. 25, “Exchange Plaza”, Phiroze Jeejeebhoy Tower, Bandra-Kurla Complex, Dalal Street, Bandra (E), Mumbai – 400 001 Mumbai – 400 051 BSE Scrip Code: 500368 NSE Symbol: PATANJALI Dear Sirs, Sub.: Earnings Conference
Slide 2: Quarterly Performance Update Q3 FY 2023-24
PATANJALI FOODS LIMITED QUARTERLY PERFORMANCE UPDATE Q3 FY 2023-24 | February 08, 2024 Nurturing Growth. Cultivating Success.
Slide 3: Disclaimer
DISCLAIMER This presentation and the accompanying slides (the “Presentation”), which have been prepared by Patanjali Foods Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securi
Slide 4: Presentation Path
PRESENTATION PATH 1 Executive Summary 2 Financial Indicators 3 Business Indicators 3
Slide 5: Executive Summary
EXECUTIVE SUMMARY • Recovery in Edible Oils segment with modest growth in volumes • Highest quarterly sales in Food & FMCG with steady revenue growth • MS Dhoni ad campaigns went live for edible oil brands – Mahakosh & Sunrich • Strong growth in exports over previous quarter • Continued expansion in
Slide 6: MS Dhoni TVCs went on air
MS Dhoni TVCs went on air Play Now Play Now • Leveraging the mass popularity of MS Dhoni ₋ Large outreach through TV commercials for Mahakosh brand (Soyabean Oil and Mustard Oil) and Sunrich brand (Sunflower Oil): ₋ Ads running on all major national TV channels ₋ Ad campaigns on OTT and Connected TV
Slide 7: Financial Indicators: Overall Performance
FINANCIAL INDICATORS Overall Performance 1. Revenue from operations for Q3FY24 clocked at ₹7,910.7 Cr with a marginal growth of 1.1% over previous quarter 2. Total income, including other income, stood at ₹7,957.3 Cr 3. Company achieved an EBITDA of ₹390.6 Cr i. EBITDA margin (from operations) was 4
Slide 8: Financial Indicators: Food & FMCG and Edible Oils
FINANCIAL INDICATORS Segment – Food & FMCG 6. In Q3FY24, the segment sales went up to ₹2,498.6 Cr contributing to 31.6% of revenue from operations of the company vis-à-vis 19.2% contribution in Q3FY23 7. The segment registered a YoY growth of 64.0% compared to Q3FY23 8. In Q3FY24, the segment EBITDA
Slide 9: Financial Indicators: Edible Oils and Windmill
FINANCIAL INDICATORS 11. Segment EBITDA stood at ₹107.7 Cr; against ₹-27.1 Cr in Q2FY24 and ₹223.2 Cr in Q3FY23 12. Stable cash prices in Q3 vis-à-vis downward price pressure in H1 FY24 13. Natural Hedge through regular churning of positions as per market dynamics Segment – Windmill 14. Segment achi
Slide 10: Business Indicators: Food & FMCG Segment
BUSINESS INDICATORS FOOD & FMCG Segment 15. Input price inflation exerted pressure on cost structures, presenting challenge to the segment profitability 16. Unexpected seasonal variations, such as delayed winters and the impact of El Nino, also influenced the quarter's performance 17. The Food & FMC
Slide 11: Business Indicators: TVCs and Biscuits & Confectionery
BUSINESS INDICATORS 20. TVCs went on air for key products – Chyawanprash, Honey and Spices PlayNow Play Now Play Now Play Now Chyawanprash TVC Honey TVC Spices TVC Biscuits & Confectionary Business 21. Quarterly revenue has grown from ₹337.1 Cr last year to ₹389.0 Cr this year; with 15.4% YoY growth
Slide 12: Business Indicators: Nutraceuticals and New Product Launches
BUSINESS INDICATORS 24. Direct retail outlets has reached the 1.2 million mark in this quarter; up by 200,000 from previous quarter Nutraceuticals 25. Nutrela Sports and Vitamin and Mineral Supplements (VMS) product range on strong growth path 26. Retailer coverage grew to 1.72 lacs retailers Pan In
Slide 13: Business Indicators: Edible Oils Segment
BUSINESS INDICATORS 31. Premium launches in biscuits and nuts category are gaining momentum with their pan India distribution 32. The company is planning to expand its offerings in premium product categories, as part of its growth strategy EDIBLE OILS Segment 33. Cash markets were relatively stable
Slide 14: Business Indicators: Edible Oils Business
BUSINESS INDICATORS 35. Active Risk Mitigation measures were implemented: i. Conscious reduction in Hedge Ratio; a) 11% average hedge ratio during the quarter ii. Hedging based on fundamental and technical research iii. Natural Hedge through regular churning of positions as per market dynamics Edibl
Slide 15: Business Indicators: Oil Palm Plantation
BUSINESS INDICATORS 39. Branded sale contributed more than 75% of the total sales value 40. Premium Oils sales has grown by 8.8% on a QoQ basis Oil Palm Plantation 41. More than 4,000 Ha of plantations developed pan India during the quarter. Total area under plantation is now 72,500 ha 42. Share of
Slide 16: Business Indicators: Other Key Updates
BUSINESS INDICATORS 45. Lease agreement signed with Assam Industrial Development Corporation Limited (AIDCL) for setting up Palm Oil Mill and Oil Palm Nurseries in Assam 46. Incorporated 35 new Farmer Producer Organizations (FPOs) during Q3; Total 110 FPOs have been incorporated out of total allotte
Slide 17: Registered Office and contact details
Registered Office: 616, Tulsiani Chambers, Nariman Point, Mumbai – 400021, Maharashtra Phone: (+91-22) 61090100 / 200 Website: www.patanjalifoods.com Email: secretarial@patanjalifoods.co.in