India’s Patanjali Foods Q4 profit falls on higher expenses, lower edible oils sales
BENGALURU (Reuters) – India’s Patanjali Foods reported a 22% fall in fourth-quarter profit on Tuesday, as sluggish demand dragged overall sales down in its mainstay edible oils business amid a surge in expenses. The Ruchi Gold oil maker’s profit fell to 2.06 billion rupees (around $25 million) for the quarter ended March 31, from 2.64 …
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