Ruchi Soya announces bumper dividend of 250% for FY 2022

Ruchi Soya Industries Limited, a diversified FMCG and FMHG-focused company with well-recognised brands, announces 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.

Ruchi Soya announces bumper dividend of 250% for FY 2022
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New Delhi: Ruchi Soya Industries Limited, a diversified FMCG and FMHG-focused company with well-recognised brands, announces 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% in the year 2008. 


FMCG & FMHG player demonstrated impressive revenue growth of 48.22% in FY 2022, which jumped to Rs. 24284.38crore as compared to Rs. 16382.97 crore in previous year 2021. In segmental revenue performance, although the company generated major revenues from Oil business, its newly started business-like biscuits, breakfast cereals and nutraceuticals have also shown quantum jump of 209% as the revenues improved to Rs 1979.48 crore as against Rs. 640.51 crore in previous FY 2021. The strong growth in revenues of new businesses shows the market acceptance of its new productsand also indicates the company’s firm and steady march towards becoming one of the top FMCG & FMHG player.





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Its EBIDTA surges to Rs 1565.98 crore in FY 22 as compared to Rs 1018.36 crore in previous year ended March 2021.It is noteworthy to witness that Ruchi Soya has now crossed EBIDTA Rs. 1.5 billion mark in last fiscal 2022, which was the highest in its history.Operating margins remained to be higher at 6.45% as compared to 6.22% YoY basis. Net profits during the last FY 2022 also shows significant growth of 18.64% against the net profit in previous year.


In Q4 2022, Company’s income has increased by 37.38% yoy as compared to Q4 2021 and has also grown at 5.95% QoQ over previous quarter Q3 2022.  The EBIDTA has increased by 54.68% 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% 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% in Q4 2022.

 

The company, in its board meeting held on May 18,2022, has already announced the acquisition of entire food business of Patanjali Ayurved Ltd (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 acquired food business comprises of 21 major products namely Ghee, Honey, Spices, Juices & Atta etc. The acquisition is valued at a Fair Market value (Net) of Rs 690 crore based on slump sale basis. The Board of Directors of Patanjali Ayurved Ltd have already approved this transfer of food business to Ruchi Soya Industries Ltd. With this acquisition, the company believes that it has reaffirmed its position to be a strong FMCG player.


It may be recalled that Ruchi Soya was acquired by Patanjali Group through IBC (Insolvency and Bankruptcy) route in Dec 2019. It has become a turnaround and successful story for an insolvent company.  The company is now being steered by the well broaden board of directors from various field and also it has employed professionals to lead the various segments like Oil, FMCG & FMHG. The strategic efforts taken by the company have yielded the good results and the company has been slowly but surely heading to be a FMCG and FMHG company in next 3 years’ time.





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