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    PATANJALI COW GHEE

    FDA collects samples of Patanjali cow ghee for laboratory testing

    Patanjali Foods Ltd has reported that food safety officials collected samples of its Cow Ghee for testing. The company emphasizes that no authenticated report has confirmed any quality standard violations. Patanjali Foods stated that it is cooperating with the authorities regarding this issue. Additionally, the company remains committed to product quality and consumer safety. Further disclosures will be made as material developments arise in accordance with regulations.

    In a recent operation, the Maharashtra FDA suspended licenses of 19 food business operators for violations. They seized food articles worth over Rs 9 crore across multiple divisions in the state. This included significant amounts of Patanjali cow ghee found to be misbranded and adulterated. Further, the FDA registered FIRs, arrested several individuals, and sealed multiple establishments for serious hygiene issues.

    Patanjali Foods cuts MRPs of products; Nutrela soya chunks to be cheaper by Rs 20/kg

    Patanjali Foods Ltd. has announced a reduction in the retail prices of various products, including Nutrela soya chunks, biscuits, noodles, oral care, hair care, health & wellness products, and dairy items, effective Monday. This decision aims to pass on the benefits of GST reduction to consumers across its food and non-food categories.

    Patanjali Foods will take price cuts as commodity prices decline: Sanjeev Kumar Asthana

    “There is a one-off gain of almost Rs 149 crore on account of the pre redemption of the preference shares. Margins have been slightly sober but overall we expect the environment to improve from this quarter onwards because of the sudden drop in the prices of commodities and its impact on our FMCG businesses like biscuits etc. ”

    Ruchi Soya renamed Patanjali Foods. CEO explains the logic and expectations

    “I am looking at growing the food businesses by 15- 20% year on year. The edible oil business shall grow 5-10% which is the secular growth in the segment itself and some of the other categories like oil palm, etc, will have longer term tenure in terms of the growth. In four years’ time, that should take us closer to being a Rs 40,000-50,000 crore business.”

    Ruchi Soya CEO on turning zero-debt co and rebranding as Patanjali Foods

    “We have used most of the proceeds for retiring our debt and other obligations. The balance will be used as working capital and some of it will go to other general corporate purposes. The company is in a very strong position because our cash flows are throwing up more funds for operations and expanding working capital.”

    The Economic Times
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