Patanjali Foods shares fall nearly 20%, the most in six years; CEO clarifies on sell-off

Shares of Patanjali Foods Ltd. are down nearly 20% on Wednesday, July 15, marking their biggest single-day fall since January 2020. The stock is down for the third straight day and is also declining on volumes that are 13 times higher than their 20-day average volumes at this time of the day.In an exclusive interaction with CNBC-TV18 on Wednesday, Patanjali Foods CEO Sanjeev Asthana said that the business is doing exceedingly well and that the balance sheet for the company also remains robust with no change in the business objectives whatsoever.

He also went on to add that the business is governed by multiple regulators and none of them have flagged any discrepancies or issues recently.
Patanjali Foods continues to remain debt free with reserves and surplus at ₹5,000 crore, according to CEO Asthana.

Patanjali Foods On Impact Of Delayed Monsoons

In an earlier interaction with CNBC-TV18, the management had highlighted that a delayed monsoon is likely to impact edible oil demand.
The company had maintained its guidance on edible oils, but said that it will be monitoring stress in rural demand for FMCG products. Despite this it said that the FMCG business growth will sustain at 15%, while the foods portfolio will grow between 8% to 10%.For financial year 2027, Patanjali Foods aims to grow its Earnings Tax, Depreciation and Amortisation by 12% to 15% from financial year 2026.

Who Owns Stake In Patanjali Foods?

At the end of the June quarter, based on the shareholding pattern on the Bombay Stock Exchange (BSE), promoters of Patanjali Foods had a 68.25% stake in the company.Among large shareholders, Life Insurance Corporation of India (LIC) holds over 9% stake, while GQG Partners has a 2.89% stake as on June. In fact, over the last five quarters, GQG Partners’ stake in Patanjali Foods has been on the decline. GQG Partners had a 4.56% stake in the company as of June 2025.

CEO Asthana also said that they are talking to investors constantly and that they are posing good faith in the company.

Shares of Patanjali Foods are now trading 17% lower on Wednesday at ₹337.3. The stock fell to a new 52-week low of ₹328.2 today and has extended its year-to-date losses to 40%.

For the full interview, watch the accompanying video