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Patanjali Ayurved revenues fall 10% to ₹8,135 crore in 2017-18
short by Krishna Veera Vanamali / on Thursday, 27 December, 2018
Ramdev's Patanjali Ayurved witnessed a 10% decline in revenues to ₹8,135 crore in 2017-18, compared to ₹9,030 crore the previous year. According to provisional data sourced by CARE Ratings, Patanjali's profit fell 56% to ₹529 crore. The revenue decline was mainly due to Patanjali's inability to timely adapt to the GST regime and develop infrastructure and supply chain, CARE said.
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