Patanjali Foods Q2 profit doubles as lower costs offset revenue drop
BENGALURU: Patanjali Foods on Wednesday reported a second-quarter profit that more than doubled as a slump in expenses outpaced falling revenue, dragged by lower edible oil prices. The Ruchi Gold oil maker’s profit rose to 2.55 billion Indian rupees ($30.63 million) in the quarter ended Sept. 30, from 1.12 billion rupees a year earlier. A … Read more