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Top related persons:
Navamya Ganesh - 1 Vinay Dwivedi - 1
Top related locs:
BENGALURU India Venky's Bengaluru
Top related orgs:
Patanjali - 1 Revenue - 1 Thomson - 1

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2 mentions found


☆ India's Patanjali Foods Q1 profit slumps over 60% as high expenses dent margins
  + stars: | 2023-08-11 | by ( ) www.reuters.com   time to read: +1 min
BENGALURU, Aug 11 (Reuters) - India's Patanjali Foods (PAFO.NS) on Friday reported a 63.6% drop in first-quarter profit as high costs dented margins. Total revenue from operations increased 7.7% to 77.67 billion rupees, while total expenses rose 9.3% due to higher purchases of stock-in-trade and employee costs. Government intervention for lowering prices in spite of holding high-priced inventory impacted profitability negatively during the quarter, the company added. The stock rose nearly 23% in the April-June quarter. Other consumer goods companies have reported mixed results for the first quarter, with KRBL (KRBL.NS) posting an 18.90% rise in its profit, while Venky's (India) (VENK.NS) profit plunged more than 60%.
Persons: Navamya Ganesh, Vinay Dwivedi Organizations: Patanjali, Revenue, Thomson Locations: BENGALURU, India, Venky's, Bengaluru
☆ Malaysia's egg shortage sets Indian hatcheries on path for record exports
  + stars: | 2023-01-20 | by ( Rajendra Jadhav Mei Mei Chu | Rajendra Jadhav | Mei Mei Chu | ) www.reuters.com   time to read: +3 min
To secure egg supplies as prices rose to record highs, Malaysia's Minister of Agriculture and Food Security Mohamad Sabu visited Namakkal, in the southern Indian state of Tamil Nadu, where several leading hatcheries are based. India shipped 5 million eggs to Malaysia in December, and will ship 10 million in January and up to 15 million in February, according Kumar. The imports from India have helped Malaysia bring prices down from the record highs seen in late December. Having suffered a shortfall of 157 million eggs in November, the market gap was down to just one million in December, the Malaysian minister said in a statement earlier this week. Meantime, prices in India have shot up to a record 565 rupees ($6.96) per 100 eggs.
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