Patanjali Foods Limited · NSE:PATANJALI
Patanjali Foods — FY2024 Earnings Presentation
14 slides from Patanjali Foods's earnings presentation, May 14, 2024
Slide 1: Annual Performance Update: FY 2023-24
PATANJALI FOODS LIMITED ANNUAL PERFORMANCE UPDATE: FY 2023-24 May 14, 2024 Nurturing Growth. Cultivating Success.
Slide 2: 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 3: Executive Summary: FY24
EXECUTIVE SUMMARY: FY24 • Stable financial performance with consistent uptick in quarterly revenues • Steady increase in FMCG share in portfolio – Share of FMCG segment has increased to 30.06%, from 19.49% last year – Food & FMCG segment observed YoY growth of 55.09% • Significant surge in volumes o
Slide 4: Financial Highlights: FY24
FINANCIAL HIGHLIGHTS: FY24 Sustained financial performance despite challenging business environment Revenue (Total Income) EBITDA PBT Amount in ₹ Crore 31,962 1,577 1,179 31,821 1,060 1,519 0.44% 2022-23 2023-24 2022-23 2023-24 2022-23 2023-24 EBITDA % 5.0% 4.8% PBT % 3.7% 3.3% 4
Slide 5: Financial Highlights: Q4 FY24
FINANCIAL HIGHLIGHTS: Q4 FY24 Steady quarterly performance with strong growth in profitability Revenue (Total Income) EBITDA Amount in ₹ Crore 8,348 7,963 7,957 497 416 391 LY Q4 Q3 FY24 Q4 FY24 LY Q4 Q3 FY24 Q4 FY24 +4.9% +27.2% +4.8% +19.4% 5
Slide 6: Financial Highlights: Quarterly
FINANCIAL HIGHLIGHTS: QUARTERLY Consistent Quarter-on-Quarter growth Revenue (Total Income) 8,348 Amount in ₹ Crore 7,846 7,957 7,811 +4.9% +1.4% +0.4% Q1 Q2 Q3 Q4 6
Slide 7: Segmental Revenue
SEGMENTAL REVENUE Increasing share of Food & FMCG segment with stable margin Annual Revenue Amount in ₹ Crore 25,634 0.17% 0.17% 22,384 Edible Oils FY23 FY24 19.49% 30.06% 69.77% 80.34% 2022-23 2023-24 9,643 6,218 Food & Food & FMCG Edible Oils Windmill FMCG In FY22, Share of Food & FMCG in total re
Slide 8: Key Initiatives – FY24
KEY INITIATIVES – FY24 • Raised ₹ 2,534 Cr through successful shareholding dilution via OFS mechanism • MS Dhoni onboarded as a Brand Ambassador for Mahakosh & Sunrich • New Product Launches under premiumization drive • New Marketing Campaigns – TVCs of Chyawanprash, Honey and Spices • HR Initiative
Slide 9: Operational Highlights – FY24
OPERATIONAL HIGHLIGHTS – FY24 • Robust Growth in Edible Oils and Vanaspati – Full-year sales volume has increased by 13.16% YoY to 24.97 lakh MT – Q4 sales volume up by 5% y-o-y; from 6.04 lakh MT to 6.34 lakh MT • Growth in Premium Oils Segment – Nutrela Oils: 12-month sales has increased by 26.2%
Slide 10: Operational Highlights – FY24
OPERATIONAL HIGHLIGHTS – FY24 • Increasing market share in Biscuits & Confectionary – Annual revenue up by 21.9% to INR 1,648 Crore; Industry is growing at 8.0% CAGR1 – Direct retail reach has increased to more than 1 million outlets – ‘Doodh’ biscuits has achieved the milestone of becoming a ₹1,000
Slide 11: Operational Highlights – FY24
OPERATIONAL HIGHLIGHTS – FY24 • Setting up of Farmer Producer Organizations (FPOs) – Allotted 202 FPOs from SFACⱡ – 156 FPOs registered; Setup channel for direct procurement • Expanded digital & social media presence • Employee-centricity – Great Place to Work® for third year in a row • Emphasis on
Slide 12: Edible Oil Price Movements
EDIBLE OIL PRICE MOVEMENTS • After the low levels witnessed in Q3, edible oil prices saw a sharp recovery in Q4. Palm Oil: +17% (Rs. +13,000/mt) Soy Oil: +10% (Rs. +8,000/mt) Sun Oil: +6% (Rs. +5,000/mt) • The markets were relatively stable during FY24 with price fluctuation of 20% between the highe
Slide 13: FMCG Industry Scenario
FMCG INDUSTRY SCENARIO • Sustained growth in FMCG Sales Volume during Q41; – Sales Volume remain positive, up by 6.5% – Rural sales growth of 7.6% surpassed that of 5.7% in Urban areas after 5 years • Non-Food Categories have outpaced Food Categories1 – Food Category volumes growth slowed to 4.8% as
Slide 14: Thank You
Thank You Registered Office: 616, Tulsiani Chambers, Nariman Point, Mumbai – 400021, Maharashtra Phone: (+91-22) 61090100 / 200 Website: www.patanjalifoods.com Email: secretarial@patanjalifoods.co.in