2024 |
On October 8, 2024, the Competition Commission of India (CCI) approved the acquisition of Patanjali Ayurved Ltd's Home and Personal Care (HPC) business by Patanjali Foods Ltd for Rs. 1,100 crore (US$ 131.86 million). This acquisition aims to enhance Patanjali Foods' position in the fast-moving consumer goods sector, as it seeks to become a leading player in the industry. The HPC division includes products in haircare, skincare, dental care, and home care segments.
In July 2024, Patanjali Foods Limited announced the acquisition of Patanjali Ayurved's Home and Personal Care business for Rs. 1,100 crore (US$ 131.37 million). This strategic move aims to enhance Patanjali Foods' FMCG portfolio by leveraging brand equity across key segments like dental, skin, home, and hair care, while also focusing on product innovations and cost optimization. The deal includes all related assets, liabilities, and operational approvals, with the completion contingent on regulatory clearances.
|
2023 |
On June 19, 2023, Patanjali Foods announced plans to invest up to Rs. 1,500 crore (US$ 180 million) in capital expenditure over the next five years. The CEO of the company revealed the company's commitment to expanding its operations and enhancing production capabilities. This strategic investment aims to bolster Patanjali's presence in the FMCG sector and support its growth trajectory.
On July 12, 2023, the news broke that Patanjali Ayurved announced plans to sell up to 9% of its stake in Patanjali Foods, valued at approximately US$ 240 million.
On June 16, 2023, the news emerged that Patanjali Foods launched 14 new products across various categories, contributing to revenue growth. The investment amount was not disclosed.
For the fiscal year 2023, the news highlighted Patanjali Foods' record revenue of approximately US$ 4.24 billion. Additionally, the company aims for a turnover between approximately US$ 6 billion to US$ 6.67 billion in the next five years.
Regarding the 2023 Expansion Plans, it was reported that Patanjali Ayurved is expanding production capacity from approximately US$ 4.67 billion to approximately US$ 8 billion through new production units in Noida, Nagpur, and Indore. The investment for this expansion is approximately US$ 3.33 billion.
|
2022 |
On September 8, 2022, Patanjali Foods presented plans for robust export portfolio expansion, new product launches with high margins, digital channel focus, structured finance unit establishment, retail expansion, and nutraceuticals segment entry, aiming for significant growth in revenue and market presence.
|
2021 |
On June 02, 2021, Ruchi Soya Industries Limited ventured into the nutraceuticals and wellness segment, launching 100% vegetarian, preservative-free products under the joint branding of "Patanjali" and "Nutrela," with manufacturing by Patanjali Ayurved Limited and distribution nationwide.
|
2020 |
In 2020, Patanjali Ayurved introduced a range of Ayurvedic immunity-boosting products amidst the COVID-19 pandemic, garnering significant attention and sales.
|
2019 |
In 2019, Patanjali Ayurved expanded its product line to include herbal cosmetics, toothpaste, and other personal care items, further diversifying its offerings.
|
2018 |
In 2018, Patanjali Ayurved ventured into the dairy sector with the launch of products such as milk, yogurt, and cheese, aiming to capture a share of the growing market.
|
2017 |
In 2017, Patanjali Ayurved entered into partnerships with various e-commerce platforms to enhance its online presence and reach a wider audience.
|
2016 |
In 2016, Patanjali Ayurved saw rapid growth and expansion, becoming one of the fastest-growing FMCG companies in India with a wide range of products.
|
2015 |
In 2015, Patanjali Ayurved gained prominence with its emphasis on natural and Ayurvedic products, attracting consumers seeking alternatives to mainstream brands.
|
2006 |
Founded in 2006 by Baba Ramdev and Acharya Balkrishna, Patanjali Ayurved aimed to promote Ayurveda and natural living through its range of products.
|