Patanjali Foods said rural demand was muted while urban markets stayed resilient amid rising inflation, with food inflation at 8.94% in October. The company reported September-quarter revenue of Rs 11,323 crore, up 16% year-on-year, and expects festive, wedding and winter demand to support the second half.
Softer rural consumption in India weakens demand for edible oils and packaged food, while higher soybean, wheat and crude-linked input costs point to continued pressure on processors' margins.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.