Patanjali Group clocks over Rs 30,000 crore revenue in FY 2020-21
Baba Ramdev-led Patanjali Group reported revenue of around Rs 30,000 crore ($4.02 billion) in the financial year 2020-21 with a strong contribution of Rs 16,318 crore from its recently acquired firm Ruchi Soya.
On the back of strong financial performance amid the Covid-19 disruptive year, the Patanjali Group is confident of making its companies debt-free in the coming three to four years.
Patanjali also revealed its plans to list its fast-moving consumer group arm Patanjali Ayurved without sharing the timeline regarding the listing. During the fiscal year, Patanjali Ayurved posted a turnover of Rs 9,783 crore, as against Rs 9,022 crore it had reported in the previous fiscal year.
“In the coming five years, our investment would be between Rs 5,000 crore to Rs 10,000 crore, ranging from our operations to agriculture and research,” Baba Ramdev said in a statement.
“We would soon share some news about Patanjali. How much we must demerge and when to list Patanjali Ayurved," he added.
Patanjali manufactures more than 2,500 products including cosmetic products and apparel. The company is aiming to be the country’s largest FMCG company, ahead of Hindustan Unilever (HUL), over the next five years and expects to reach revenue to Rs 50,000 in the next five years to topple HUL from its number-one position in the country.
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