Excelsior Correspondent
JAMMU, May 28: Ruchi Soya Industries Limited announced its first dividend after posting a strong and sustainable performance in its maiden post listing fiscal 2022.
Once beleaguered and now steered under the new management led by Yog Guru Baba Ramdev, Ruchi Soya has now bounced back to its glory and started delivering the returns to its shareholders.
The announcement of bumper dividend at Rs 5/- share (on face value of Rs. 2/-) is considered to be the highest amongst its peers. In past, the company paid highest dividend of 25 per cent in the year 2008.
FMCG and FMHG player demonstrated impressive revenue growth of 48.22 per cent in FY 2022, which jumped to Rs 24284.38 crore as compared to Rs 16382.97 crore in previous year 2021.
Its EBIDTA surges to Rs 1565.98 crore in FY 22 as compared to Rs 1018.36 crore in previous year ended March 2021. Operating margins remained to be higher at 6.45 per cent as compared to 6.22 per cent YoY basis. Net profit during the last FY 2022 also shows significant growth of 18.64 per cent against the net profit in previous year.
In Q4 2022, Company’s income has increased by 37.38 per cent YoY as compared to Q4 2021 and has also grown at 5.95 per cent QoQ over previous quarter Q3 2022. The EBIDTA has increased by 54.68 per cent YoY to Rs. 418.54 crore as compared to Rs. 270.59 crore in previous year Q4 2021 and PBT has almost doubled at 99.84 per cent from Rs. 295.69 crore in Q4 2022 to Rs 147.96 crore in previous year Q4 2021. The EBIDTA margins have also stood strong at 6.27 per cent in Q4 2022.
The company in its board meeting has already announced the acquisition of entire food business of Patanjali Ayurved Limited (PAL) in order to accelerate its transition to a leading FMCG company and in consonance with its prospectus for FPO filed with SEBI and further communication to stock exchanges on April 11, 2022. This strategic initiative for acquisition of food business has been aimed to strengthen its food product portfolio with array of brands and also contribute to the overall growth in terms of revenue and EBIDTA. The Board of Directors of Patanjali Ayurved Limited have already approved this transfer of food business to Ruchi Soya Industries Limited. With this acquisition, the company believes that it has reaffirmed its position to be a strong FMCG player.
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