Exclusive: Swami Ramdev says Patanjali Foods to open 20 lakh retail shops

Swami Ramdev Exclusive: Patanjali Foods to open 20 lakh retail shops: Patanjali Foods has posted a jump of 42 per cent in its standalone revenue to Rs 8,514 crore against Rs 5,995 crore in the year-ago period.

The fast-moving consumer goods firm has posted a decline of 31.6 per cent in its standalone net profit to Rs 112.30 crore in the quarter that ended September 30, against Rs 164.30 crore net profit in the year-ago period.

In an exclusive conversation with Zee Business Managing Editor Anil Singhvi, Yoga guru Swami Ramdev said, "Patanjali Foods has a direct distribution in 10 lakh shops and the Haridwar-headquartered company plans to take it to almost 20 lakh in the coming future."  

The FMCG's standalone operating profit or Ebidta was down 41.1 per cent to ₹ 194.6 crore, against ₹ 330.2 in the corresponding period the previous year. Ramdev further said, "I believe that we are not just running the company, in fact, we are giving wings to India's economic progress. Hence, even if there is inflation or prices are down, it hardly matters to us."

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