Patanjali Foods Limited Latest Updates

GST Penalty Disclosure On March 17, 2026, the company informed stock exchanges that it received an "Order-in-Original" from the Commissioner of Central Goods and Service Tax (Kutch, Gandhidham). The order imposes a penalty of ₹3.86 crore related to the alleged excess availment of Input Tax Credit (ITC) and non-payment under the Reverse Charge Mechanism (RCM) for the period between 2019-20 and 2022-23. The company has stated it intends to appeal this order. Segment-Wise Performance The FMCG segment continues to be a high-growth driver, posting a 38.9% YoY revenue increase (₹3,248 crore). Key categories showed significant momentum: Staples: Up 68.7% Ghee: Up 46.5% Biscuits: Up 26.4% The Edible Oil segment contributed ₹7,335.71 crore, with branded products now making up nearly 85% of total oil sales. Corporate Actions and ESG In mid-March 2026, the company allotted 1,86,082 equity shares following the exercise of options under its ESOP 2023 Plan, increasing its total paid-up capital. Additionally, the company recently received updated ESG (Environmental, Social, and Governance) ratings, reflecting its ongoing disclosures regarding sustainable sourcing and palm oil plantation management. Market and Strategic Outlook The stock reached a 52-week low of ₹476 in March 2026 amid a broader market downturn. Strategically, the company is focusing on rural expansion through the "She Marts" initiative and shifting logistics to waterways to reduce transportation costs. Its oil palm plantation area has now expanded to over 1,08,164 hectares, with a significant portion entering prime yield years.