Haridwar-based firm said it was impacted as it had a window of 10 months only in the last fiscal, as the company took two months to adopt the framework of the GST system, develop infrastructure and supply chain.
The stock is currently trading at 16.3 times its estimated earnings for FY19, which means it is available at a discount to the industry average.
Ruchi Soya faces claims of Rs 12,000 crore and was pushed into the auction process as part of the government’s drive to clear bad loans choking credit at Indian banks
We expect improving growth outlook led by demand in rural areas, falling competitive intensity (except for juices) and improvement in international businesses to lead to a re-rating in the stock.
The Haridwar-based company has done well in the last financial year and expects to perform better in the current fiscal.
Patanjali also contended before the court that the firms were passing off their products as that of the company and they were claiming to do so under authorisation of the trust, Maharishi Patanjali Vedic Foundation
Ramdev also announced that his company, which is already in the business of cosmetic and food products, will also launch garments for sports and yoga.
In 2016, Patanjali was one of the sponsors of the Kabaddi World Cup, while in 2017 it was a sponsor of the pro wrestling league.
The Customs Department and DRI seized more than 50 tonnes of the red sandalwood logs along with documents and a passport of a Patanjali representative.
Baba Ramdev’s mega fast moving consumer goods (FMCG) firm, Patanjali recently collaborated with e-commerce platforms to expand the reach of its products.
Patanjali recently tied up with e-commerce players like Amazon.in and Flipkart.com for marketing its products.
The minister said keeping in view the demand for Patanjali products in the state, these products including food items, beverages, spices, among others, will be sold to the consumers through government depots
"Online mechanism aims to provide convenient and efficient option along with extension of traditional retail market," Ramdev said while announcing the partnerships.
The UK-based company also raised objections on Patanjali’s product’s TV commercial and said that it mocks Harpic’s advertisement
In the same ad, the company also attacks “MNCs” saying their products are “full of chemicals” and “Patanjali products are natural”
The Haridwar-based firm is investing around Rs 100 crore in its Greater Noida facility, and the plant would be inaugurated next month.
The company will be investing around Rs 100 crore to manufacture solar power equipment.
Subhashchand Jewria is accused of diverting investor proceeds into his personal accounts and property.
His rise in economic stature is owed to the success of Patanjali Ayurved Limited, which he co-founded alongside Baba Ramdev
As far as making jeans is concerned, our focus area is not just on jeans but on every item of clothing, every item of Indian clothing, says Balkrishna
One can appreciate the reasons for Balkrishna’s confidence. Think ayurved and the company occupies what everybody knows about but few manage – the top of the mind recall – and this happened like a bolt from the blue. The company closed the last financial year with Rs 10,000 crore in sales.
The company is set to enter a eleventh segment.
Baba Raamdev wants to leapfrog ahead of competitors not just in terms of volumes and sales but also in terms of innovation. While companies like Marico and Emami spend under one percent of sales on research and development (R&D), Patanjali wants to double its R&D expenses from current levels.
Hindustan Unilever (HUL) obtained an ad-interim injunction against Patanjali Ayurved's toilet soap ad.
Patanjali’s entry into water will be under the brand name “Divya Jal”. Never short of ambition or hyperbole, the group has set itself a sales target of Rs 1,000 crore for FY19 suggesting a grand execution plan