Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

Patanjali Foods Q2 FY27 results: Net profit falls 19% to ₹420 crore

Total income rose to ₹11,406.49 crore in the second quarter of the current fiscal from ₹9,850.06 crore a year ago, according to a regulatory filing

Patanjali Foods Q2 FY27 results: Net profit falls 19% to ₹420 crore

Patanjali Foods reported a 19% decrease in net profit for Q2 2027, compared to the same period last year. Revenue from operations, however, rose by 15.55% year-on-year to Rs 11,322.58 crore. Total expenses increased by approximately 18% YoY to Rs 10,997.51 crore. The company attributed the profit decline to inflationary pressures, with retail inflation reaching its highest level since 2026.

Rural markets experienced sharper price pressures due to a deficient monsoon and El Niño conditions. Despite challenges, the company's demand environment remained supportive during the festive season. Patanjali Foods' edible oils business saw a 22% YoY increase in revenue, while FMCG business grew marginally. CEO Sanjeev Asthana attributed the performance to the company's integrated business model and resilient segments. The company expects growth momentum to continue in the upcoming festive and wedding seasons.

Written by urgent.news from The Economic Times - Top News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

This story

This is one outlet's version. Read the fullest account.

Read the original at business-standard.com →

More in Finance & Markets

Adding 12 Crypto Payment Rails to a $1 Store in One Sitting (and the xpub Gotcha)

I run a tiny digital-products store where everything costs $1 (collecting first real reviews before raising prices). For two days the store got 96 visitors and exactly 0 orders.

  • Store initially accepted only USDC on Solana, limiting payment options
  • Added 12 crypto payment rails in half an hour using SellApp crypto gateways
  • Two gotchas: Bitcoin/Litecoin xpub requirement and shared EVM/Solana addresses

Should You Buy Nvidia Stock Before Nov. 17?

Nvidia stock looks like a bargain, but the value proposition has changed after Huang's exit.

  • Nvidia's stock down 33% from October peak due to leadership uncertainty
  • CFO Colette Kress faces pressure during upcoming earnings call on Nov. 17
  • Analysts see potential bargain at current forward P/E of 11

Is It Too Late to Buy Micron Stock?

Micron has pulled back sharply from its highs, but the buying window is still open.

  • Micron stock trades at 4.2x forward earnings, down from recent highs.
  • Year-to-date growth exceeds 150%, with GAAP earnings up 11.8x.
  • 12-month price targets suggest over 100% upside potential.

More from Saturday 14 November →