Baba Ramdev-led Patanjali Group's turnover has touched Rs 30,000 crore last fiscal on the back of the acquisition of Ruchi Soya. The group said that it is being evaluated when to list his flagship firm Patanjali Ayurved.
Ruchi Soya, which the Patanjali group acquired through the insolvency process, contributed more than half to the overall turnover of the group.
Ramdev said, “Last year Patanjali group had a turnover of over Rs 30,000 crore and Rs 16,318 crore was from Ruchi Soya.”
In FY2019-20, the group had a turnover of around Rs 25,000 crore, of which around Rs 12,000 crore came from the Patanjali group companies and Rs 13,117 crore from Ruchi Soya.
The group is aiming to make its companies debt-free in the coming 3-4 years, and a substantial portion of the follow-on public offer (FPO) of Ruchi Soya, which has a debt of around Rs 3,330 crore, will be diverted to pare its debt.
For FY'21, Patanjali Ayurved posted a turnover of Rs 9,783.81 crore. While Patanjali Natural Biscuits reported a turnover of Rs 650 crore, Ayurveda arm Divya Pharmacy Rs 850 crore, and food processing arm Patanjali Agro Rs 1,600 crore during fiscal 2020-21.
For FY 2019-20, Patanjali Ayurved had reported its revenue from operations at Rs 9,022.71 crore.
On the performance of the group's newly acquired firm Ruchi Soya Industries, Ramdev further stated, “In Ruchi Soya, we have grown about 24% and in Patanjali, we have grown from around Rs 11,000 crore (in FY'20) to Rs 14,000 crore (in FY'21). We have achieved a growth rate of 10 to 24 percent in our companies.”