Patanjali Foods shares crash 20%, hit 52-week low amid report of block deal

Shares of Patanjali Foods slipped to a fresh 52-week low amid report of a block deal. Patanjali Foods  stock slipped 19.52% to a yearly low of Rs 328.05 against the previous close of Rs 407.65. Market cap of the Baba Ramdev-led firm slipped to Rs 37,132 crore. Around 1.5% equity worth Rs 195 crore changed hands on Wednesday. According to a CNBC TV18 report, 54.24 lakh shares worth Rs 195 crore changed hands at an average price of Rs 355 apiece via block deals.

Turnover rose to a high of Rs 117.47 crore with 32.79 lakh shares changing hands. 

Meanwhile, in a clarification with relation to the significant movement in the price of the Company's equity shares, Patanjali Foods said, "We wish to clarify that the Company continues to remain focused on its growth path and is carrying on its business operations in the ordinary course, while pursuing its business objectives. To the best of the knowledge of the management, there are presently no material events, information or circumstances requiring disclosure to the Stock Exchanges under the
applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’)."

Patanjali Foods reported a 46 per cent rise in its consolidated net profit to Rs 523.97 crore in Q4 ended March 2026 on higher income from sale of cooking oils and other food items. Net profit stood at Rs 358.51 crore in the year-ago period.

Total income rose to Rs 11,212.17 crore during the January-March period of 2025-26 fiscal from Rs 9,564.47 crore in the corresponding period of the preceding year, according to a regulatory filing.

During 2025-26 fiscal, the company's net profit rose to Rs 1,814.47 crore from Rs 1,300.70 crore in the preceding year. Total income rose to Rs 40,347.78 crore last fiscal from Rs 33,890.68 crore in the 2024-25 financial year.