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Baba Ramdev owned Patanjali group eyes 2 fold jump in turnover

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Patanjali Foods, which is owned by Yoga Guru Baba Ramdev, has a market value of nearly Rs 50k crore, compared to competitors such as Colgate-Palmolive India Ltd.'s Rs 42,500 crore, Procter & Gamble Hygiene & Health Care's Rs 47k crore, Adani Wilmar Ltd.'s Rs 93k crore, Dabur India Ltd.'s Rs 97k crore. HUL, India's largest consumer goods manufacturer, climbed to first place in the FMCG sector, with a market capitalization of Rs 6 lac crore. To equalise the playing field, Baba Ramdev visions almost doubling Patanjali's earnings by 2028. Patanjali's diverse portfolio, which includes ayurvedic medication and food bits and pieces, plans to generate a Rs 1-lakh-crore turnover in the future years, up from Rs 40,000 crore presently. He clearly intends to expand diagonally into three areas: food and edible oil, ayurvedic goods, and nutraceuticals. The company recorded a standalone total income of Rs 7,370.08 crore for the quarter ended June 30, 2022, up 10.39% from the previous quarter's total income of Rs 6,676.20 crore and up 39.16% from the same period last year's total income of Rs 5,295.99 crore. The firm generated a net profit after tax of Rs 241.26 crore in the most recent quarter.

Patanjali Foods (PFL) is one of India's major edible oil firms, with 3.9 million tonnes per annum of refining capacity and oilseed extraction (soybean, mustard, etc). This contains seven independent coastal refineries for the processing of imported crude palm oil (CPO). Patanjali Foods is one of India's major palm oil cultivation firms. Palm plantations are located in 55 districts across 11 states, including Andhra Pradesh, Arunachal Pradesh, Assam, Chhattisgarh, Gujarat, Karnataka, Mizoram, Odisha, Telangana, Tamil Nadu, and Tripura. PFL also has a substantial food business market, which includes the Nutrela brand of soya chunks and flour. In May-June 2021, it acquired Patanjali Ayurveda's (PAL) breakfast biscuits, cereals, and noodles business, and in July 2022, it acquired PAL's remaining foods business portfolio, which includes Rs 4173 crore in sales through products such as atta, Chyawanprash, cow ghee, edible oil, honey, jams, juices, ketchup, pickles. In FY22, the firm also ventured into nutraceutical and wellness stuff. Patanjali Ayurved, Patanjali Medicine, Patanjali Lifestyle and Patanjali Wellness would also issue initial public offerings in order to reach a cumulative market value of Rs 5 lakh crore by 2030.

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