# Patanjali Foods (PATANJALI) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/patanjali

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹411.5
- Change: +0.19%
- As of: 2026-11-06
- 1D return: +0.19%
- 5D return: +12.79%
- 1M return: +15.92%
- Latest complete quarter: fy26_q4

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

Patanjali’s daily technical setup shows a sharp, short-term rebound within a longer-term downtrend. As of November 6, 2026, the stock closed at ₹411.50, up +0.2% for the day but significantly higher over the past month (+13.4%) and ten days (+17.7%). This recent strength is supported by high-volume anomalies on October 28 (+6.2%, volume ratio 4.18) and November 5 (+7.0%, volume ratio 3.67), indicating active participation in the move upward. Daily indicators are bullish: price trades above the 20-day and 50-day EMAs and SMAs, with a Supertrend signal pointing bullish and ADX at 24.41 suggesting developing trend strength.

However, this daily bounce contrasts with the monthly structure, where the price remains below all major moving averages and the Supertrend is bearish, reflecting a -28.2% one-year return and a current drawdown of -38.3%. The stock is positioned near the upper end of its 20-day range (+92.6%) but only in the lower-middle of its 252-day range (+29.1%). Immediate resistance lies at ₹423.83 (3.0% above), while support is found at ₹406.35 (1.25% below). The setup suggests a counter-trend rally; confirmation of sustained reversal requires holding above key daily averages, while failure to break ₹423.83 may see pressure resume toward monthly support levels.

- Short-term momentum is positive: Price is above daily 20/50-period EMAs and SMAs, with Supertrend bullish and ADX at 24.41, driven by high-volume spikes on Oct 28 and Nov 5.
- Longer-term context remains weak: Monthly trend is bearish (price below all MAs and Supertrend), with a -28.2% one-year return and -38.3% current drawdown.
- Key levels to monitor: Resistance at ₹423.83 (3.0% above); Support at ₹406.35 (1.25% below) and ₹400.77 (pivot, 2.61% below).
- Range position: Stock is near the top of its 20-day range (+92.6%) but in the lower-middle of its 252-day range (+29.1%), indicating a rebound from lows rather than a new uptrend.

- Hammer
- Harami
- Doji
- Inside Bar
- Outside Bar
- Morning Star

### News Context

In the seven-day window ending November 4, 2026, Patanjali Foods Ltd faced significant regulatory scrutiny in Maharashtra. Between October 28 and 31, the state Food and Drug Administration (FDA) conducted inspections that led to the confiscation of 3,53,000 kg of goods valued at ₹9.01 crore and the suspension of 19 licenses due to hygiene violations and suspected adulteration. This action included 13 FIRs and 16 arrests, with specific seizures involving 2,279.7 litres of Patanjali ghee from a distributor in Chhatrapati Sambhajinagar, alongside oil and other food items in Mumbai, Amravati, and Satara.

On November 3, the company disclosed that FDA officials had collected samples of certain batches of its Cow Ghee for laboratory testing, imposing restrictions on the sale of the identified stock pending further action. Patanjali emphasized that no authenticated report has yet confirmed quality standard violations or adulteration, noting that the initial regulatory communication was received by a distributor rather than directly by the company. The firm stated it is cooperating with authorities and will make further disclosures to stock exchanges only if material developments or authenticated test results emerge.

- Maharashtra FDA confiscated 3,53,000 kg of goods valued at ₹9.01 crore and suspended 19 licenses between October 28–31 due to hygiene and adulteration concerns, resulting in 13 FIRs and 16 arrests.
- Specific seizures included 2,279.7 litres of Patanjali ghee from a Chhatrapati Sambhajinagar distributor, plus oil and food items from establishments in Mumbai, Amravati, and Satara.
- As of November 3, Patanjali disclosed that FDA samples of Cow Ghee batches are undergoing lab testing, with sales restrictions on identified stock; no authenticated violation reports have been issued yet.
- Patanjali noted the initial regulatory notice came via a distributor and committed to exchange disclosures only upon material developments or authenticated test outcomes.

- [FDA collects samples of Patanjali cow ghee for laboratory testing](https://economictimes.indiatimes.com/industry/cons-products/food/fda-collects-samples-of-patanjali-cow-ghee-for-laboratory-testing/articleshow/135494385.cms)
- [Maharashtra FDA confiscates Patanjali stock, suspends licences](https://www.thehindu.com/news/national/maharashtra/maharashtra-fda-confiscates-patanjali-stock-suspends-licences/article71659514.ece)

### What Changed

On November 6, 2026, Patanjali Foods Limited filed a disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, highlighting significant shifts in its revenue mix and growth trajectory. The company reported that e-commerce channels, including quick commerce, now account for nearly 35% of total channel revenue, underscoring a structural pivot toward digital distribution. Simultaneously, the institutional business segment recorded 50% year-on-year growth. These developments are framed by the company as part of a broader strategy to diversify revenue streams and strengthen its overall distribution ecosystem. This filing provides fresh visibility into the operational dynamics driving the listed entity's top-line composition.

- E-commerce, including quick commerce, contributes approximately 35% of total channel revenue as of November 6, 2026.
- The institutional business segment achieved 50% year-on-year growth during the reported period.
- Management characterizes these trends as strategic moves to diversify revenue sources and enhance distribution capabilities.

- [Patanjali Foods Limited has submitted the disclosure under regulation 30 of SEBI LODR. |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/RUCHI_06112026091314_Letter_to_SE.pdf)

### Official Filings

Patanjali Foods Limited disclosed significant operational shifts and regulatory challenges in late October 2026. The company reported that e-commerce, including quick commerce, now accounts for nearly 35% of total channel revenue, while its institutional business grew 50% year-on-year, reflecting a strategic diversification of its distribution ecosystem.

Conversely, the company faced multiple regulatory actions regarding its Cow Ghee product. In Chhindwara (order dated October 16) and Burhanpur (order dated October 21), local food authorities prohibited the sale or ordered the recall of specific batches deemed unsafe or non-compliant with Food Safety and Standards regulations. Patanjali stated these incidents have no material financial impact beyond the value of the affected batches and indicated it would appeal the orders. Additionally, on November 3, the Maharashtra FDA initiated action against stock held by a super distributor; however, as of that date, no authenticated laboratory report confirmed adulteration or substandard quality.

On the governance front, the company’s 40th Annual General Meeting was held on September 29, 2026, where shareholders approved interim dividends totaling ₹5.00 per share (₹1.75 + ₹1.75 + ₹1.50) and re-appointed Acharya Balkrishna as a director. Shareholding data as of September 30, 2026, showed promoters holding 68.25% and the public holding 31.75%. Separately, Crisil ESG Ratings assigned an independent ESG score of 59 and a Core ESG score of 66 based on fiscal 2026 disclosures.

- Revenue Mix Shift: E-commerce and quick commerce contribute nearly 35% of total channel revenue, with institutional business growing 50% year-on-year as of November 6, 2026.
- Regulatory Actions: Local authorities in Chhindwara and Burhanpur ordered recalls/prohibitions for specific Cow Ghee batches in October 2026 due to safety concerns; Maharashtra FDA is testing distributor stock as of November 3, 2026, with no confirmed failure yet.
- Shareholder Returns: The AGM on September 29, 2026, approved three interim dividends totaling ₹5.00 per share and re-appointed Acharya Balkrishna as a director.
- Ownership Structure: As of September 30, 2026, promoter/promoter group holds 68.25% and public holds 31.75% of the equity.

- [Patanjali Foods Limited has submitted the disclosure under regulation 30 of SEBI LODR. |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/RUCHI_06112026091314_Letter_to_SE.pdf)
- [Patanjali Foods Limited has informed the Exchange about General Updates |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/RUCHI_03112026163032_Letter.pdf)
- [Patanjali Foods Limited has informed the Exchange about General Updates |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/RUCHI_29102026180341_Letter.pdf)
- [Patanjali Foods Limited has informed the Exchange about General Updates |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/RUCHI_23102026184334_Letter.pdf)
- [Patanjali Foods Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/RUCHI_16102026161533_Letter.pdf)
- [AS ON DATE : 30-Sep-2026 | PR_AND_PRGRP: 68.25 | PUBLIC_VAL: 31.75 | EMPTR: 0 | NDS_REVISED_STATUS: - | SUBMISSION_DT: 14-Oct-2026 | REVISION_DT: -](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1737336_14102026094232_WEB.xml)
- [Patanjali Foods Limited has informed the Exchange about General Updates |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/RUCHI_14102026130620_Letter.pdf)
- [Patanjali Foods Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018 |SUBJECT: Certificate under SEBI (Depositories and Participants) Regulations, 2018](https://nsearchives.nseindia.com/corporate/RUCHI_06102026170844_Letter.pdf)
- [Patanjali Foods Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 29, 2026. Further, the company has informed the Exchange regarding voting results. |SUBJECT: Shareholders meeting](https://nsearchives.nseindia.com/corporate/RUCHI_30092026183851_Letter.pdf)
- [Patanjali Foods Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 29, 2026 |SUBJECT: Shareholders meeting](https://nsearchives.nseindia.com/corporate/RUCHI_29092026183016_Letter.pdf)

### Fundamentals

Patanjali Foods demonstrates a divergence between top-line momentum and bottom-line execution in the most recent reporting period. For Q4 FY2025-26, revenue from operations rose sequentially to ₹11,155.60 crore, continuing a strong YoY sales growth trajectory of 20% observed in the trailing twelve months (TTM). However, profitability contracted significantly: Net Profit fell to ₹523.98 crore from ₹593.44 crore in Q3, and Profit Before Tax dropped sharply to ₹235.65 crore from ₹364.23 crore. This decline occurred despite a sequential decrease in Other Expenses to ₹731.84 crore, suggesting margin compression or non-operating headwinds impacted the final result.

Financial health metrics present mixed signals. While the company reduced borrowings from ₹1,049 crore in Mar 2024 to ₹788 crore in Mar 2025, leverage surged to ₹2,789 crore by Mar 2026, coinciding with a rise in Equity Capital to ₹218 crore. Cash flow quality has deteriorated markedly; Cash from Operating Activity swung from positive ₹1,746 crore in Mar 2024 to negative ₹333 crore in Mar 2026, and the CFO/EBITDA ratio turned negative at -20.0%. Working capital efficiency also weakened, with the Cash Conversion Cycle extending to 76 days in Mar 2026 from 46 days in Mar 2024, driven largely by an increase in Inventory Days to 79 days. Institutional ownership shifted notably, with FIIs reducing their stake to 7.24% in Sep 2026, while DIIs increased theirs to 12.51%.

- Q4 FY2025-26 Revenue grew sequentially to ₹11,155.60 crore, but Net Profit declined to ₹523.98 crore and PBT fell to ₹235.65 crore, indicating margin pressure despite lower other expenses.
- Operating cash flow turned negative (-₹333 crore) in Mar 2026, and the Cash Conversion Cycle extended to 76 days, reflecting working capital strain and slower cash realization.
- Borrowings increased substantially to ₹2,789 crore by Mar 2026, up from ₹788 crore in Mar 2025, altering the capital structure alongside a rise in equity capital to ₹218 crore.
- Foreign institutional investors reduced their holding to 7.24% in Sep 2026, while domestic institutions increased theirs to 12.51%, signaling a shift in investor composition.

### Bear Case

Patanjali Foods faces significant operational and regulatory headwinds following a crackdown by the Maharashtra Food and Drug Administration (FDA) between October 28 and 31. Authorities confiscated 3,53,000 kg of goods valued at ₹9.01 crore and suspended 19 licenses due to hygiene violations and suspected adulteration, resulting in 13 FIRs and 16 arrests. Specific seizures included 2,279.7 litres of Cow Ghee from a distributor in Chhatrapati Sambhajinagar. While the company states that no authenticated report has yet confirmed quality standard violations for all batches, it disclosed that food safety officials collected samples of certain Cow Ghee batches for testing, with sales restrictions pending further action. This regulatory scrutiny introduces uncertainty regarding product integrity and distribution continuity.

Market performance reflects this cautionary backdrop. The stock is down -25.5% year-to-date and -28.2% over the past year, trading at ₹411.5 as of November 6, 2026. Technical indicators show a mixed signal: while the daily Supertrend remains bullish, the monthly trend is bearish, and the stock is currently in a -38.3% drawdown from its peak. Immediate support exists near ₹400.77, but resistance looms just 3% higher at ₹423.83.

- Regulatory Action: Maharashtra FDA confiscated ₹9.01 crore worth of stock (3,53,000 kg) and suspended 19 licenses in late October 2026 due to hygiene and adulteration concerns; specific Cow Ghee batches are under laboratory testing with sales restrictions in place.
- Price Performance: The stock has declined -25.5% year-to-date and -28.2% over the trailing year, closing at ₹411.5 on November 6, 2026, amid ongoing regulatory uncertainty.
- Technical Setup: Monthly trend is bearish despite a daily bullish signal; the stock is in a -38.3% current drawdown with immediate resistance at ₹423.83 (+3.0%) and support at ₹400.77 (-2.61%).
- Monitoring Condition: Investors should watch for authenticated test results from the FDA regarding the sampled Cow Ghee batches, which could materially impact brand reputation and sales if violations are confirmed.

- [FDA collects samples of Patanjali cow ghee for laboratory testing](https://economictimes.indiatimes.com/industry/cons-products/food/fda-collects-samples-of-patanjali-cow-ghee-for-laboratory-testing/articleshow/135494385.cms)
- [Maharashtra FDA confiscates Patanjali stock, suspends licences](https://www.thehindu.com/news/national/maharashtra/maharashtra-fda-confiscates-patanjali-stock-suspends-licences/article71659514.ece)
- [Patanjali Foods Limited has submitted the disclosure under regulation 30 of SEBI LODR. |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/RUCHI_06112026091314_Letter_to_SE.pdf)
- [Patanjali Foods Limited has informed the Exchange about General Updates |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/RUCHI_03112026163032_Letter.pdf)
- [Patanjali Foods Limited has informed the Exchange about General Updates |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/RUCHI_29102026180341_Letter.pdf)
- [Patanjali Foods Limited has informed the Exchange about General Updates |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/RUCHI_23102026184334_Letter.pdf)
- [Patanjali Foods Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/RUCHI_16102026161533_Letter.pdf)
- [AS ON DATE : 30-Sep-2026 | PR_AND_PRGRP: 68.25 | PUBLIC_VAL: 31.75 | EMPTR: 0 | NDS_REVISED_STATUS: - | SUBMISSION_DT: 14-Oct-2026 | REVISION_DT: -](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1737336_14102026094232_WEB.xml)
- [Patanjali Foods Limited has informed the Exchange about General Updates |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/RUCHI_14102026130620_Letter.pdf)
- [Patanjali Foods Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018 |SUBJECT: Certificate under SEBI (Depositories and Participants) Regulations, 2018](https://nsearchives.nseindia.com/corporate/RUCHI_06102026170844_Letter.pdf)

### FAQs

**What regulatory actions have been taken against Patanjali Foods recently, and what is the current status?**

The Maharashtra FDA confiscated 3,53,000 kg of goods valued at ₹9.01 crore and suspended 19 licenses due to hygiene violations and suspected adulteration. Additionally, samples of Cow Ghee batches were collected for testing in Maharashtra, Chhindwara, and Burhanpur. As of November 3, 2026, no authenticated laboratory report has confirmed quality violations or adulteration, and the company states there is no material financial impact beyond the value of affected batches.

**How is Patanjali Foods performing financially and operationally according to recent disclosures?**

In a filing on November 6, 2026, Patanjali disclosed that e-commerce and quick commerce contribute nearly 35% of total channel revenue. The company also reported that its institutional business recorded 50% year-on-year growth. These developments are part of the company's strategy to diversify revenue streams and strengthen its distribution ecosystem.

**What are the key technical levels and price performance metrics for Patanjali Foods as of November 6, 2026?**

The stock closed at ₹411.50 with a market capitalization of approximately ₹44,688.62 crore. Key resistance levels are seen at ₹423.83 (3.00% above) and ₹436.97 (6.19% above), while support exists at ₹406.35 (1.25% below). Over the past year, the stock has returned -28.2%, with a current drawdown of -38.3% and annualized volatility of +27.4%.

- [FDA collects samples of Patanjali cow ghee for laboratory testing](https://economictimes.indiatimes.com/industry/cons-products/food/fda-collects-samples-of-patanjali-cow-ghee-for-laboratory-testing/articleshow/135494385.cms)
- [Maharashtra FDA confiscates Patanjali stock, suspends licences](https://www.thehindu.com/news/national/maharashtra/maharashtra-fda-confiscates-patanjali-stock-suspends-licences/article71659514.ece)
- [Patanjali Foods Limited has submitted the disclosure under regulation 30 of SEBI LODR. |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/RUCHI_06112026091314_Letter_to_SE.pdf)
- [Patanjali Foods Limited has informed the Exchange about General Updates |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/RUCHI_03112026163032_Letter.pdf)
- [Patanjali Foods Limited has informed the Exchange about General Updates |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/RUCHI_29102026180341_Letter.pdf)
- [Patanjali Foods Limited has informed the Exchange about General Updates |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/RUCHI_23102026184334_Letter.pdf)
- [Patanjali Foods Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/RUCHI_16102026161533_Letter.pdf)
- [AS ON DATE : 30-Sep-2026 | PR_AND_PRGRP: 68.25 | PUBLIC_VAL: 31.75 | EMPTR: 0 | NDS_REVISED_STATUS: - | SUBMISSION_DT: 14-Oct-2026 | REVISION_DT: -](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1737336_14102026094232_WEB.xml)
- [Patanjali Foods Limited has informed the Exchange about General Updates |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/RUCHI_14102026130620_Letter.pdf)
- [Patanjali Foods Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018 |SUBJECT: Certificate under SEBI (Depositories and Participants) Regulations, 2018](https://nsearchives.nseindia.com/corporate/RUCHI_06102026170844_Letter.pdf)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Moderate Uptrend
- Weekly trend: Weak Uptrend
- Pivot point: ₹400.77
- Risk regime: Higher Price Risk

### Support levels
- 406.35
- 346.1625
- 336.17499999999995

### Resistance levels
- 463.75
- 615.4166666666666
- 635.0166666666667

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +0.19% |
| return_10 | +17.66% |
| return_1m | +13.36% |
| return_1y | -28.18% |
| return_20 | +15.92% |
| return_3m | +15.92% |
| return_5 | +12.79% |
| return_6m | -10.55% |
| return_since_start | -31.78% |
| return_ytd | -25.53% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | high_risk |
| label | Higher price risk |
| summary | Recent drawdown or price variability is materially high and may lead to larger short-term outcomes. |
| maximum_drawdown | -49.60% |
| annualized_volatility | +27.35% |

## Quarterly financials

- Latest complete quarter: fy26_q4

# Revenue Expands While Pre-Tax Profit Contracts; Net Profit Increases on Tax Credit

Patanjali Foods reported a 15% year-over-year increase in revenue for the March quarter, but pre-tax profit fell by nearly half. A negative tax expense—a tax credit—offset the weaker operating profitability, allowing reported net profit to rise 46% compared to the same quarter last year. At the per-share level, earnings were cut roughly in half, reflecting a substantial increase in the number of shares outstanding during the period.

## Revenue Expansion
Revenue from operations reached ₹11,155.60 crore in the quarter, up 15.1% from ₹9,692.21 crore a year ago and up 6.4% sequentially from ₹10,483.71 crore in the preceding quarter. This marks the highest quarterly revenue in the available five-quarter series, continuing a pattern of sequential growth since the first quarter of FY2025-26.

## Pre-Tax Profit Contraction
Profit before tax (PBT) declined to ₹235.65 crore, down 48.6% from ₹458.47 crore a year ago and down 35.3% from ₹364.23 crore in the previous quarter. The contraction in pre-tax profit occurred alongside rising revenue. Within the expense structure, cost of materials consumed stood at ₹7,884.44 crore, representing 70.7% of revenue. Employee benefit expense was ₹164.79 crore, depreciation was ₹61.57 crore, and other expenses decreased to ₹731.84 crore, a 21.0% drop from the year-ago quarter. Other income recorded for the quarter was ₹56.57 crore. Despite the reduction in other expenses, the overall decline in pre-tax profit remained pronounced.

## Tax Credit and Earnings Per Share
The tax expense line registered a negative ₹288.33 crore, compared to a positive ₹99.95 crore in the same quarter last year. This tax credit reversed the pre-tax profit decline, lifting net profit to ₹523.98 crore, up 46.2% from ₹358.52 crore a year ago. Sequentially, net profit fell 11.7% from ₹593.44 crore in the third quarter, as the fourth-quarter pre-tax profit was lower despite a similarly large tax credit in the prior period.

Basic and diluted earnings per share both came in at ₹4.82, down from ₹9.91 a year ago—a decline of 51.4%. The divergence between a 46% higher net profit and a 51% lower earnings per share indicates a significant increase in the weighted-average number of outstanding shares. The equality of basic and diluted per-share figures suggests the absence of dilutive financial instruments during the quarter.

## Segment Versus Consolidated Results
Segment profit before tax for the quarter was ₹404.46 crore, up 2.6% sequentially from ₹394.42 crore and down 11.8% from ₹458.47 crore a year ago. This segment figure stands ₹168.81 crore above the consolidated pre-tax profit of ₹235.65 crore. The difference reflects unallocated corporate expenses, inter-segment eliminations, or other adjustments applied at the consolidated level. While consolidated pre-tax profit contracted sharply, the segment-level profitability showed greater stability, declining less over the year and posting slight sequential growth.

## Key Takeaway
Patanjali Foods achieved its highest quarterly revenue in the recent series, yet pre-tax profitability weakened considerably. Reported net profit grew year-over-year primarily due to a large tax credit rather than improved operating margins. Earnings per share were cut in half due to a substantial increase in shares outstanding, and segment-level profitability held up better than the consolidated bottom line, highlighting the impact of corporate-level adjustments. The quarter was defined by top-line expansion, underlying pre-tax pressure, and reliance on non-operating tax items to drive reported net profit growth.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q2
- As of: 2026-09-30
- Promoter holding: +68.25%
- FII holding: +7.24%
- DII holding: +12.51%
- Mutual fund holding: +2.72%
- Retail holding: +2.77%
- Promoter pledged: +0.00%

### Major reported shareholders

- PATANJALI AYURVED LIMITED — +29.60% (Bodies Corporate)
- YOGAKSHEM SANSTHAN — +14.11% (Bodies Corporate)
- PATANJALI PARIVAHAN PRIVATE LIMITED — +13.49% (Bodies Corporate)
- PATANJALI GRAMUDYOG NAYAS — +11.03% (Trusts)
- LIFE INSURANCE CORPORATION OF INDIA — +9.13%
- GQG PARTNERS EMERGING MARKETS EQUITY FUND — +2.32% (Other)
- JAINAM BROKING LIMITED — +1.66%
- PRADEEP KUMAR AGARWAL — +1.25%
- Ruchi Soya Industries Ltd. Beneficiary Trust ( held in the name of the Trustee) — +0.02% (Trusts)

## Official filings

- 2026-11-06 — Generic Announcement: Patanjali Foods Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/RUCHI_06112026091314_Letter_to_SE.pdf)
- 2026-11-03 — Generic Announcement: Patanjali Foods Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/RUCHI_03112026163032_Letter.pdf)
- 2026-10-29 — Generic Announcement: Patanjali Foods Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/RUCHI_29102026180341_Letter.pdf)
- 2026-10-23 — Generic Announcement: Patanjali Foods Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/RUCHI_23102026184334_Letter.pdf)
- 2026-10-16 — Generic Announcement: Patanjali Foods Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/RUCHI_16102026161533_Letter.pdf)
- 2026-10-14 — Shareholding Disclosure: Patanjali Foods Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1737336_14102026094232_WEB.xml)
- 2026-10-14 — Generic Announcement: Patanjali Foods Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/RUCHI_14102026130620_Letter.pdf)
- 2026-10-06 — Generic Announcement: Patanjali Foods Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/RUCHI_06102026170844_Letter.pdf)
- 2026-09-30 — Generic Announcement: Patanjali Foods Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/RUCHI_30092026183851_Letter.pdf)
- 2026-09-29 — Generic Announcement: Patanjali Foods Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/RUCHI_29092026183016_Letter.pdf)
- 2026-09-23 — Generic Announcement: Patanjali Foods Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_17681_WebXMLFile_20260923_125254564.xml)
- 2026-09-23 — Generic Announcement: Patanjali Foods Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/RUCHI_23092026125854_TWC.pdf)
- 2026-09-21 — Generic Announcement: Patanjali Foods Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/RUCHI_21092026180025_Letter.pdf)
- 2026-09-18 — Generic Announcement: Patanjali Foods Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/RUCHI_18092026124528_Letter.pdf)
- 2026-09-15 — Generic Announcement: Patanjali Foods Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/RUCHI_15092026164744_Letter.pdf)
- 2026-09-15 — Generic Announcement: Patanjali Foods Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17681_WebXMLFile_20260915_165055451.xml)
- 2026-09-08 — Generic Announcement: Patanjali Foods Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/RUCHI_08092026172509_Letter_to_SE_Newspaper_Adv.pdf)
- 2026-09-07 — Generic Announcement: Patanjali Foods Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/RUCHI_07092026121501_Letter_to_SE.pdf)
- 2026-09-05 — Generic Announcement: Patanjali Foods Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/NOTICE_OF_SHAREHOLDERS_MEETINGS_17681_WebXMLFile_20260905_161949962.xml)
- 2026-09-05 — Generic Announcement: Patanjali Foods Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/RUCHI_05092026163039_LetternoticeAGM.pdf)
- 2026-09-04 — Annual Report: Patanjali Foods Limited — [Official attachment](https://nsearchives.nseindia.com/annual_reports/AR_31537_PATANJALI_2025_2026_A_28779425_05092026162732.pdf)
- 2026-09-03 — Generic Announcement: Patanjali Foods Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/RUCHI_03092026154028_Letter.pdf)
- 2026-08-24 — Generic Announcement: Patanjali Foods Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17681_WebXMLFile_20260824_175208611.xml)
- 2026-08-24 — Generic Announcement: Patanjali Foods Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/RUCHI_24082026174738_LetteTranscript.pdf)
- 2026-08-18 — Generic Announcement: Patanjali Foods Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/RUCHI_18082026124453_LetterTDS.pdf)

## News and market events

- 2026-11-03 — Economic Times: **FDA collects samples of Patanjali cow ghee for laboratory testing** — Patanjali Foods Ltd disclosed that food safety officials collected samples of certain batches of its Cow Ghee for laboratory testing, with restrictions on the sale of the identified stock pending further action. The company emphasized that no authenticated report has yet confirmed any quality standard violations or adulteration, noting that the regulatory communication was received by a distributor rather than directly by Patanjali. Patanjali stated it is cooperating with authorities and will make further disclosures to stock exchanges only if material developments or authenticated test result — [Source](https://economictimes.indiatimes.com/industry/cons-products/food/fda-collects-samples-of-patanjali-cow-ghee-for-laboratory-testing/articleshow/135494385.cms)
- 2026-11-03 — The Hindu: **Maharashtra FDA confiscates Patanjali stock, suspends licences** — The Maharashtra Food and Drug Administration conducted inspections from October 28 to 31, resulting in the confiscation of 3,53,000 kg of goods valued at ₹9.01 crore and the suspension of 19 licenses due to hygiene violations and suspected adulteration. The crackdown involved 13 FIRs and 16 arrests, with specific seizures including 2,279.7 litres of Patanjali ghee from a distributor in Chhatrapati Sambhajinagar and large quantities of oil and other food items from establishments in Mumbai, Amravati, and Satara. — [Source](https://www.thehindu.com/news/national/maharashtra/maharashtra-fda-confiscates-patanjali-stock-suspends-licences/article71659514.ece)
- 2026-10-27 — Mint: **Nifty FMCG down 22% in 2026; Diwali shopping opportunity for investors? Experts decode support levels and recovery bets** — The Nifty FMCG index has sharply underperformed Nifty 50, with 13 sector stocks posting negative annual returns. Rising commodity costs, changing consumer preferences and slower growth expectations are squeezing the sector. Experts are watching key support levels for signs of stabilisation. — [Source](https://www.livemint.com/market/stock-market-news/nifty-fmcg-down-22-in-2026-diwali-shopping-opportunity-for-investors-experts-decode-support-levels-and-recovery-bets-11793095230786.html)
- 2026-10-24 — IANSLIVE.IN: **MP FDA flags Patanjali’s cow ghee batch as unsafe, orders recall** — New Delhi, Oct 24 (IANS) FMCG firm Patanjali Foods Ltd has received an order from the Food and Drug Administration (FDA) in Madhya Pradesh, directing recall of a batch of cow ghee after a sample was found to be unsafe under food safety regulations, according to an exchange filing on Saturday. — [Source](https://ianslive.in/mp-fda-flags-patanjalis-cow-ghee-batch-as-unsafe-orders-recall--20261024151244)
- 2026-10-24 — FEEDS: **FDA Crackdown On 'Unsafe Food': Patanjali Foods Get Recall Order Of Sale Of Cow Ghee's Batch In MP** — The order was issued by Food and Drug Administration of Madhya Pradesh. — [Source](https://www.ndtvprofit.com/business/fda-crackdown-on-unsafe-food-patanjali-gets-recall-order-of-sale-of-cow-ghees-batch-in-mp-12229356)
- 2026-09-28 — Economic Times: **Rs 4 lakh crore loss! Why India's storied consumer stocks are languishing near the bottom in 2026** — In India, major consumer stocks have suffered a staggering drop, with market values plummeting by nearly Rs 4 lakh crore. Even with an uptick in demand, FMCG firms like ITC and Hindustan Unilever are facing profound losses in market cap this year. Rising input costs, despite signs of consumption recovery, are tightening margins. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/rs-4-lakh-crore-loss-why-indias-storied-consumer-stocks-are-languishing-near-the-bottom-in-2026/articleshow/134531609.cms)
- 2026-09-27 — MONEYCONTROL: **Broader markets underperform, extend losing streak to third week** — Midcap,Smallcap,Broader indices,Market this week,midcap this week,smallcap this week — [Source](https://www.moneycontrol.com/news/business/markets/broader-markets-underperform-extend-losing-streak-to-third-week-14039106.html)
- 2026-09-23 — MONEYCONTROL: **Why SBI lost its Rs 1,759-crore insolvency case against Patanjali Foods guarantor despite debt remaining alive** — State Bank of India, NCLT,  Patanjali Foods, SBI Patanjali Foods guarantor insolvency case NCLT, National Company Law Tribunal — [Source](https://www.moneycontrol.com/news/business/why-sbi-lost-its-rs-1-759-crore-insolvency-case-against-patanjali-foods-guarantor-despite-debt-remaining-alive-14036420.html)
- 2026-09-23 — BUSINESS: **HUL, Dabur India trade near Covid lows: Reasons, strategy decoded** — Analysts flag that over the years the market closed the valuation gap built for double-digit growth in these FMCG stocks, as earnings remained muted owing to tepid volume growth and high inflation. — [Source](https://www.business-standard.com/markets/news/hul-dabur-india-trade-near-covid-lows-reasons-strategy-decoded-126092300677_1.html)
- 2026-09-23 — BUSINESS: **Nifty above 23,400 level; FMCG shares advance** — At 11:30 IST, the barometer index, the S&P BSE Sensex, jumped 328.91 points or 0.44% to 74,857.99. The Nifty 50 index rose 104.55 points or 0.40% to 23,432.05. — [Source](https://www.business-standard.com/markets/capital-market-news/nifty-above-23-400-level-fmcg-shares-advance-126092300381_1.html)
- 2026-09-22 — BUSINESS: **Patanjali Foods Ltd rises for third consecutive session** — Patanjali Foods Ltd is quoting at Rs 401.1, up 1.24% on the day as on 12:49 IST on the NSE. The stock is down 33.13% in last one year as compared to a 7.26% drop in NIFTY and a 17.3% drop in the Nifty FMCG index. — [Source](https://www.business-standard.com/markets/capital-market-news/patanjali-foods-ltd-rises-for-third-consecutive-session-126092200536_1.html)
- 2026-09-22 — MONEYCONTROL: **Patanjali Foods shares rise up to 4%, extend gains for third straight day on FY27 growth targets** — stock — [Source](https://www.moneycontrol.com/news/business/markets/patanjali-foods-shares-rise-up-to-4-extend-gains-for-third-straight-day-on-fy27-growth-targets-14035283.html)
- 2026-09-21 — CNBC-TV18: **FIIs turn net sellers, offload ₹576 crore on Monday; DIIs remain buyers** — Foreign institutional investors turned net sellers on Monday, offloading ₹576 crore after buying ₹600 crore on Friday. — [Source](https://www.cnbctv18.com/market/fiis-turn-net-sellers-offload-%25e2%2582%25b9576-crore-on-monday-diis-remain-buyers-19995099.htm)
- 2026-09-21 — Economic Times: **India soyoil imports to rise to record high on price competitiveness** — India's soyoil imports are projected to reach a record high in the upcoming marketing year. Higher soyoil purchases will offset declining sunflower oil shipments due to ongoing global conflicts. Palm oil imports are expected to increase, though its share will fall below fifty percent. Rising incomes are driving overall edible oil demand, which domestic production cannot meet. — [Source](https://economictimes.indiatimes.com/news/economy/foreign-trade/india-soyoil-imports-to-rise-to-record-high-on-price-competitiveness/articleshow/134386850.cms)
- 2026-09-21 — MONEYCONTROL: **Patanjali Foods shares extend rally, jump 6% as management backs FY27 growth targets** — patanjali foods share price today, patanjali foods stock update, patanjali foods shares rally, patanjali foods stock surge, patanjali foods growth target — [Source](https://www.moneycontrol.com/news/business/markets/patanjali-foods-shares-extend-rally-jump-6-as-management-backs-fy27-growth-targets-14034344.html)
- 2026-09-16 — BUSINESS: **FMCG, PSU banks lift markets as IT drags; Tata stocks caught in crossfire** — Indian equities recover as FMCG and PSU bank stocks gain, while IT shares and Tata group stocks face selling pressure ahead of the Tata Sons board meeting — [Source](https://www.business-standard.com/markets/news/fmcg-psu-banks-lift-markets-as-it-drags-tata-stocks-caught-in-crossfire-126091601309_1.html)
- 2026-09-16 — CNBC-TV18: **Foreign investors cut selling as Indian stocks rebound from three-day slide** — Foreign investors sold ₹2,033 crore of Indian equities on Wednesday, while domestic institutions bought ₹3,908 crore as the Sensex and Nifty recovered from a three-day slide. — [Source](https://www.cnbctv18.com/market/foreign-investors-cut-selling-as-indian-stocks-rebound-from-three-day-slide-19992163.htm)
- 2026-09-16 — BUSINESS: **Quick Wrap: Nifty FMCG Index rises 1.63%** — Powered by Capital Market - Live News — [Source](https://www.business-standard.com/markets/capital-market-news/quick-wrap-nifty-fmcg-index-rises-1-63-126091600880_1.html)
- 2026-09-16 — BUSINESS: **Indices snap 2-day losses; FMCG shares rally** — As per provisional closing data, the barometer index, the S&P BSE Sensex jumped 332.63 points or 0.45% to 74,336.45. The Nifty 50 index added 99 points or 0.43% to 23,217.60. In the past two consecutive trading sessions the Sensex and Nifty declined 1.20% and 1.53%, respectively. — [Source](https://www.business-standard.com/markets/capital-market-news/indices-snap-2-day-losses-fmcg-shares-rally-126091600763_1.html)
- 2026-09-16 — Mint: **Patanjali Foods share price rises 5% today. What is driving the rally in the FMCG stock?** — FMCG stock Patanjali Foods opened at  ₹339.05 apiece today, as compared to previous close of  ₹338.55 on Tuesday and hit an intraday high of  ₹360.50. — [Source](https://www.livemint.com/market/stock-market-news/patanjali-foods-share-price-rises-5-today-what-is-driving-the-rally-in-the-fmcg-stock-11789544526204.html)
- 2026-09-15 — Economic Times: **Delhi High Court raps ITAT over Patanjali tax appeals; cites 'undue haste' and 'non-application of mind' in proceedings** — The Delhi High Court criticized the Income Tax Appellate Tribunal for its procedural lapses. The tribunal's actions in a Patanjali Ayurved tax case were deemed reckless and hasty. Seven orders passed by the tribunal were quashed by the high court. The court noted a lack of logic and reasoning in the tribunal's decisions. The president of the tribunal was directed to reassign the appeals for a fresh hearing. — [Source](https://economictimes.indiatimes.com/news/india/delhi-high-court-raps-itat-over-patanjali-tax-appeals-cites-undue-haste-and-non-application-of-mind-in-proceedings/articleshow/134272034.cms)
- 2026-09-15 — MONEYCONTROL: **MFs raise healthcare, capital goods allocation in August; consumer weight hits decade low** — MF holding, August — [Source](https://www.moneycontrol.com/news/business/mfs-raise-healthcare-capital-goods-allocation-in-august-consumer-weight-hits-decade-low-14029813.html)
- 2026-09-11 — BUSINESSTODAY: **Consumer stocks: Systematix stays cautious on ITC shares; prefers Marico, Bikaji Foods, Dodla Dairy** — ITC, ITC shares, Systematix Institutional Equities, consumer stocks, consumer staples, cigarette volumes, cigarette demand, Marico, Bikaji Foods International, Dodla Dairy, Dabur India, Godrej Consumer Products, Hindustan Foods, Patanjali Foods, Britannia Industries, CCL Products, Colgate-Palmolive India, Hindustan Unilever, Nestle India, Prataap Snacks, Tata Consumer Products, ITC target price, Marico target price, Bikaji Foods target price, Dodla Dairy target price — [Source](https://www.businesstoday.in/markets/stocks/story/consumer-stocks-systematix-stays-cautious-on-itc-shares-prefers-marico-bikaji-foods-dodla-dairy-554875-2026-09-11)
- 2026-09-01 — Times of India: **Top stocks to buy or sell today: Stock market recommendations for September 1, 2026 - check list** — India Business News: Stock market recommendations: Indusind Bank, Computer Age Management Services (CAMS), and Dixon Technologies (India) are the top stocks to buy that ha. — [Source](https://timesofindia.indiatimes.com/business/india-business/top-stock-recommendations-for-september-01-2026-indusind-bank-computer-age-management-services-cams-dixon-technologies-patanjali-foods-to-buy-or-sell-today/articleshow/133655625.cms)
- 2026-08-28 — The Hindu: **High Court dismisses appeal** — Telangana High Court dismisses Patanjali Foods' appeal against factory zone cancellation, citing failure to meet contractual obligations. — [Source](https://www.thehindu.com/news/national/telangana/high-court-dismisses-appeal/article71401313.ece)

## Business profile

**Strategic vision:** Indian FMCG company focused on health, wellness, and Ayurveda.

### Business segments
- **Food and FMCG:** This segment encompasses a broad spectrum of products, including various food items, biscuits and confectionery, the Nutrela brand, and nutraceuticals.
- **Edible Oils:** The company is a significant player in the edible oils sector.
- **Oil Palm Plantations:** Patanjali Foods is involved in oil palm cultivation, supporting its edible oils business and aligning with sustainability strategies.
- **Personal Care and Home Care:** This segment offers a range of products for personal grooming and household needs.
- **Wind Power Generation:** The company engages in wind power generation as part of its commitment to sustainable business practices.

### Competitive strengths
- Strategic focus on health, wellness, and Ayurveda.
- Diverse product range blending traditional practices with modern health considerations.
- Extensive distribution network reaching rural and semi-urban areas.
- Involvement in oil palm cultivation for supply chain integration and risk reduction.
- Commitment to sustainable business practices including renewable energy.

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/patanjali
Markdown representation: https://faxioms.com/stocks/patanjali?render=md