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Ruchi Soya’s Q2 net profit up 296 percent to Rs 1643 crore

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Ruchi Soya’s Q2 net profit up 296 percent to Rs 1643 crore

New Delhi, Nov 15 (PTI) Baba Ramdev-led Ruchi Soya Industries Ltd reported a 29.62 per cent rise in net profit at Rs 164.27 crore for the quarter ended September 2 of the current financial year 2021-22. The profit of the company has increased due to increase in sales.

The company had posted a net profit of Rs 126.73 crore in the corresponding quarter of the previous financial year.

In a communication to the stock exchanges, the company said its net income increased to Rs 6,010.99 crore during July-September, 2021 from Rs 3,990.72 crore in the year-ago period.

The company’s expenses increased to Rs 5,790.52 crore as compared to Rs 3,863.98 crore a year ago.

Ruchi Soya’s branded business, including brands sold under royalty regime and institutional segment, achieved sales of Rs 45,511.82 crore in the second quarter of FY 2021-22.

The company’s brands include Ruchi Gold, Mahakosh, Sunrich, Nutrella and Ruchi Star.

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