42% income tax on Patanjali Foods – NEWS 360 – BUSINESS

by time news

HARIDWAR: Baba Ramdev-led FMCG major Patanjali Foods (earlier Ruchizoya) posted a 42 per cent growth in operating income of Rs 8,514 crore in the July-September quarter of the current year. 5,995 crore in the corresponding quarter of the previous year. 112.2 crore profit.

The company stated that the performance would have been much better had it not been for the crisis in the edible oil market. The company’s food division posted sales of Rs 2,399.66 crore; This is 37.18 percent of the total branded sales. 6,453.45 crores including the sale of the institutional segment; 77.02 percent of the total branded product sales.

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