Patanjali Foods has delivered a record-breaking performance for the third quarter ending December 2025, reaching its highest-ever quarterly revenue of 10,484 crore. This represents a robust 17% year-on-year growth, driven primarily by festive demand and a significant expansion in the FMCG segment. The company reported a consolidated net profit of 594 crore, marking a 60% surge compared to the previous year. This bottom-line growth was supported by a one-time tax credit of 317 crore. On a sequential basis, net profit rose by 15% from the September quarter. The FMCG division has emerged as the primary engine of growth, with sales jumping 39% to 3,248 crore. Key categories such as biscuits and ghee saw impressive revenue gains of 26% and 46% respectively. The FMCG segment now contributes over 28% of total revenue and a dominant 62% of the company's operating profit. In the edible oil segment, revenue reached 7,336 crore, reflecting a 9% annual increase. While sales volumes remain steady, the segment faced margin pressure due to volatile global palm oil prices and rising soybean oil imports. Branded oils continue to lead the portfolio, making up 75% of segment sales. Operational highlights include: - EBITDA for the quarter stood at 492 crore. - FMCG EBITDA margins remained healthy at 10.88%. - Oil palm plantation area expanded to 1.08 lakh hectares. - Export revenue reached 64.71 crore across 36 countries. The stock is currently trading near 521, with a market capitalization of approximately 56,833 crore. Despite recent short-term volatility following block deals involving 1.48% of company equity, analyst sentiment remains positive with a consensus "Buy" rating and an average price target of 685. Looking ahead, the company anticipates a strong finish to the 2026 fiscal year. Growth is expected to be fueled by GST reforms that improve pricing flexibility and a recovery in rural consumption. The strategic goal remains to balance the revenue mix to a 50:50 ratio between edible oils and FMCG products within the next three years.