Patanjali Ayurved far from glory days even as revenue and profit rise

While the company's operating revenue grew 6%, net profit jumped 22% in FY2020

Indigenous fast-moving consumer goods (FMCG) major Patanjali Ayurved has reported 22 per cent growth in its net profit for 2019-20 (FY20).

According to the financial data accessed by business intelligence platform Tofler, the group’s flagship entity reported Rs 423 crore net profit for the year, compared to Rs 349 crore it had posted in 2018-19 (FY19).

Patanjali Ayurved, that rakes in over 80 per cent of Patanjali Group’s total revenue, said in its annual filings with the Registrar of Companies that its operating revenue grew 6 per cent to Rs 9,023 crore in FY20.

The firm’s top-line growth remained higher