Profit before tax in Q4 FY23 was at Rs 349.39 crore, up 18.16% from Rs 295.69 crore recorded in Q4 FY22.

EBIDTA declined marginally to Rs 416.34 crore in the quarter ended 31 March 2023 as compared to 418.54 crore posted in Q4 FY22.

During the quarter, the company's revenue from Food & FMCG was at Rs 1805.18 crore (up 299.16% YoY). On the other hand, Edible Oil revenue stood at Rs 6058.98 crore (down 2.3% YoY) and revenue from Wind turbine came in at Rs 8.76 crore (down 9.6% YoY) in Q4 FY23.

The FMCG firm said that the food products under Patanjali brand are gaining the market acceptance to sustain the growth as recorded in last 3 quarters of FY 2022-23 majorly after completion of food business acquisition. EBIDTA earnings on food revenue remained strong and robust as it crosses over 13.70% of overall food business revenue.

The company said that it continued to sustain its EBIDTA margins in spite of rising inflation levels, macro challenges as well as the managing the costs aggressively to maintain margins in a healthy range. The food and FMCG business EBIDTA contribute healthy margin over 14.20% in Q4 in overall margins of the company.

On full year basis, the firm's net profit rose 9.94% to Rs 886.44 crore on 30.24% jump in revenue to Rs 31,524.66 crore in FY23 over FY22.

The share of FMCG business in overall revenues grew exponentially to Rs 6,218.08 crore against Rs 1,683.24 crore in FY22 and reached 19.72% of the overall revenue against 6.95 % in the previous year. The company focus on premiumization, offering range and expanding distribution across multiple channels is reflected in revenues and profitability of Foods business.

The food business EBITDA stood at Rs 1,136.60 crore (18.28% of the food revenue) in FY2023 against Rs 189.04 crore (11.23% of food revenue) in FY 2022. The FMCG business contributed 72% of the overall EBITDA of the company in line with the objective of improving the quality and sustainability of profits, said the company.

The company achieved quantum growth in edible oil business growing by 21% to 1.91 million metric tonnes in volume terms and achieved revenue of Rs 25,634.45 crore against 1.63 million tonnes and Rs 22,882.76 crore revenue in FY22. The growth in volume was achieved at the back of expanded distribution reach and superior offering to consumers. The EBITDA margin on oil business in FY23 stood at Rs 230.26 crores despite the challenges around international market volatility.

Patanjali Foods stated that its focus is to expand geographically in International Market by increasing its presence in the major markets. The company achieved export turnover of Rs 530.80 crore by exporting its products to 33 countries during the year.

The company's plans for its Oil Palm Plantation are fully on track as the area under cultivation has increased to 63,816 hectares with overall land allocation of 6,28,000 hectares during FY 2023.

Branded sales for FY23 is 77.09% of annual turnover with 30.20% YoY growth.

Meanwhile, the company's board has recommended a dividend of Rs 6 per equity share for FY23, subject to approval of the Shareholders at the ensuing AGM.

Shares of Patanjali Foods were up 0.27% to Rs 1,024.50 on the BSE.