Patanjali FY profit halves as competition stiffens, says report
Updated : December 27, 2018 11:13 AM IST
According to the report, Patanjali’s revenues fell 10 percent to Rs 8,135 crore in the last fiscal from Rs 9,030 crore in 2016-17. Net profit more than halved at Rs 529 crore in the fiscal.
The trend is really worrisome for Patanjali that has experienced its sales double annually since 2013.