Patanjali loses ground on operational glitches, makes way for FMCG companies, says report
Updated : November 16, 2018 11:24 AM IST
According to IIFL, “The current slowing in Patanjali’s turnover is mainly due to change to a more complex system of separate distributors for each vertical, leading to time gap in delivery of products to retailers. The latter have stopped keeping stock of some Patanjali products,” Business Standard reported.
The company’s most exclusive retailers’ average monthly turnover has dropped 50 percent as compared to two years ago, the report said.