Adani group beat Patanjali is the highest bidder for the debt-ridden company. However, Patanjali Ayurved has raised concerns about Adani Wilmar's eligibility to bid for Ruchi Soya.
This would have an impact on Baba Ramdev's stated goal of making Patanjali the largest FMCG company in the country by March 2019
The firm is expected to enter into agreements this month with major online retailers like Amazon
Patanjali, which has gained a major foothold in the FMCG and Ayurvedic market, has shown an appetite for diversifying into various unrelated sectors
The plant will produce biscuits, suji, noodles and flour
Patanjali has set a target of increasing the number to 25,000 in two years
With a reported turnover of Rs 10,561 crore in financial year 2017 (FY17), Baba Ramdev and Acharya Balkrisha - led Patanjali Ayurved Limited (PAL) expects its revenue to hit Rs 20,000 crore mark.Analysts, however, are sceptical and are of the view that Patanjali may not be able to achieve this steep revenue target in FY18 purely on the basis of growth in the FMCG segment given the current industry growth rates and that the revival in rural demand is still some time away."One must be mindful that this Rs 20,000 crore will also include commodity related products such as rice, wheat, edible oil, milk etc. Growth rates for pure FMCG products are likely to slow down. Patajnali is now quite big in products like honey, toothpaste, shampoos and hair oil. So from the base these pure FMCG products has created, doubling of revenue looks very difficult. The category growth rates will be around 13% at best. Though penetration into newer markets will help, doubling still seems a farfetched idea as .
Food processing industry is worth Rs 85k crore and Patanjali has a share of around 10%: Balkrishna
BS ReporterHyderabad, 1 March: Andhra Pradesh government has allotted 172 acres of land to Yaga guru Baba Ramdev-promoted Patanjali Ayurved Limited for setting up a mega food park in the north coastal district of Vizianagaram. The land allotment orders comes in less than two months after the company has formally submitted an application in connection with the proposed facility. The company plans to develop the facility with an initial capacity of 2 lakh tonnes per annum, which would be further expandable to 3 lakh tonnes, at an investment of Rs 500 crore. The company would use the AP facility to process the commodities such as spices, rice, pulses, millets besides vegetables, citrus fruits, banana, mango, guava, pine apple, amla, aloevera, coconut, oil palm etc, which would be sold under Patanjali brand across the country. It is setting up processing units strategically close to the places of agriculture crops it would like to procure as a part of its food business.In November last .
For the first time, Patanjali Ayurved, co-founded by yoga guru Ramdev and his deputy, Balkrishna, has got a rating upgrade.ICRA has revised its long-term rating upgrade for the company from the earlier 'A-' to one of 'A+', for Rs 300 crore of fund-based facilities. And, upgraded the short-term ratingy from A2+ to A1 for Rs 20 crore of non-fund based facilities.This indicates growing confidence in Patanjali's financial health. The facilities in question pertain to loans the company has taken for expansion and working capital. The upgrade, said ICRA, takes into account the "robust internal accrual generation, leading to low reliance on debt, as well as gearing levels, and strong debt protection metrics".The report also says Patanjali has a comfortable liquidity position and is cushioned against a slowdown due to its presence in multiple categories across the fast-moving consumer goods (FMCG) value chain.The ICRA report also does point to risks. Such as the fragmented nature of FMCG, ...
After Garnier, Colgate-Palmolive & Dabur, HUL ups the ante with a fleet of new herbal products
A case had been filed in the court against the company in 2012 by the District Food Safety Department
Nizamabad is one of the major turmeric producing regions in the country
Eyes annual turn over of Rs 10,000 crore by March 31, 2018
The advertising regulator had earlier upheld six cases each against Patanjali in March and April of 2016
Maharashtra Airport Development Company earlier floated two global tenders but failed to get any bidder
Patanjali has already informed brick-and-mortar retailers not to offer discounts on its products
In the last few months, ASCI has upheld a number of complaints against Patanjali across categories from foods to beverages, hair care, personal care and allied products
ASCI said that Patanjali Ayurved "unfairly denigrates" products of its rivals in the advertisements
It's Colgate's Neem Active vs Ramdev's Dant Kanti, while HUL revives Ayurvedic brands, Nestle launches 25 products