Ramdev's Patanjali doubles sales to Rs 10,561 crore in FY17
Growing at its usual breakneck speed, Baba Ramdev’s Patanjali Group has clocked Rs 10,561 crore in sales during 2016-17. After increasing its revenue by a whopping 150 per cent the previous year, from Rs 2,006 crore in 2014-15 to Rs 5,000 crore in 2015-16, the Patanjali Group has managed to double its sales in the year ended March 31, 2017, cofounder Baba Ramdev announced on Thursday. As expected, the bulk of its revenue came from its fast moving consumer goods business, which is managed by Patanjali Ayurved Ltd (PAL). During the year, PAL’s sales stood at Rs 9,346 crore, followed by its ayurvedic and herbal medicines business, Divya Yog Pharmacy (Rs 870 crore). Patanjali Gramodyog Nyasm, a group trust that works in the animal husbandry sector and for the economic and social upliftment of villagers, generated Rs 345 crore. READ THIS: Patanjali and its grand plans: Ramdev expects Rs 20,000 cr revenue in FY18 In line with the market trend, Patanjali cow ghee (...