Ruchi Soya Industries Ltd, which is led by Baba Ramdev, posted a 29.62 percent jump to Rs 164.27 crore for the second quarter of the FY 2021-22, on robust sales. The company had posted a net profit of Rs 126.73 crore in the corresponding quarter of the previous fiscal, according to a regulatory filing.
Net income during July-September 2021 rose to Rs 6,010.99 crore compared with Rs 3,990.72 crore in the year-ago period. Expenses rose to Rs 5,790.52 crore from Rs 3,863.98 crore a year ago.
The food business segment achieved sales of Rs 431.12 crore in the second quarter of this fiscal, contributing to 9.56 percent of the company's total branded business.
The company brands include Ruchi Gold, Mahakosh, Sunrich, Nutrela and Ruchi Star, among others.In the current year, Ruchi Soya Industries has launched 'Ruchi Sunlight', a blended edible oil, biscuits, cookies, ruck, and other bakery products under the Patanjali brand name.
It has also made a foray into vegetarian nutraceutical and wellness products under the joint branding of Nutrela and Patanjali. Ruchi Soya has filed a draft red herring prospectus dated June 12, 2021, with markets regulator SEBI.