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Patanjali Foods Q4FY24 profit drops 22% to Rs 206 cr due to weak demand

Patanjali Foods Q4FY24 profit drops 22% to Rs 206 cr due to weak demand

May 15, 2024, at 06:00 am

Mumbai: Patanjali Foods, co-founded by Yoga guru Baba Ramdev and Acharya Balkrishna, reported a 22% drop in fourth-quarter profit on Tuesday, mainly due to weak demand that hurt overall sales in its core edible oils business and rising expenses.