financetom
Retail
financetom
/
Retail
/
Patanjali hits a bump, pace of growth slips in FY18
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Patanjali hits a bump, pace of growth slips in FY18
May 18, 2018 8:20 AM

After a good run for five years, Baba Ramdev's Patanjali Ayurved has hit a speed bump in FY18. The company's growth has slowed down considerably due to demonetisation and Goods and Services Tax (GST).

According to a senior Patanjali official, the revenue growth for FY18 was at the same level or slightly higher than that of FY17.

"However, Patanjali seems to be confident of making up for the lost ground in terms of growth and new avenues in FY19," the official added.

The company is looking at focusing on significant categories that will drive growth.

Patanjali is also looking to foray into milk products, mineral water, apparels, diapers, and sanitary napkins in FY19.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Goyal invites startups to register at GeM to provide goods, services to govt agencies, PSUs
Goyal invites startups to register at GeM to provide goods, services to govt agencies, PSUs
Oct 6, 2020
Commerce and Industry Minister Piyush Goyal on Tuesday invited startups to register at public procurement portal GeM and offer goods as well as services to government organisations and PSUs. He said that about 4,000 startups have already registered at Government e-marketplace (GeM).
Walmart teams up with Zipline to launch drone delivery program early next year
Walmart teams up with Zipline to launch drone delivery program early next year
Sep 14, 2020
Walmart is teaming up with a company called Zipline to launch drone delivery program early next year that will deliver health and wellness products close to the retailer's headquarters in Northwest Arkansas. Walmart, based in Bentonville, Arkansas, said Monday that it plans to eventually expand to general merchandise.
Samsung teams up with Flipkart to launch India-first Galaxy F series
Samsung teams up with Flipkart to launch India-first Galaxy F series
Sep 24, 2020
Samsung on Thursday said it has partnered with Walmart-owned Flipkart to launch Galaxy F series smartphones in India as the Korean tech giant looks to further strengthen its position in the online retail segment. The F series of devices, which is being launched in India first, will make its debut during Flipkart's Big Billion Days (BBD) sale and help Samsung cash in on the festive demand. The dates of BBD sale are yet to be announced.
Flipkart and Amazon Diwali sale 2020: Here are the top smartphone deals
Flipkart and Amazon Diwali sale 2020: Here are the top smartphone deals
Nov 5, 2020
Both e-commerce giants Flipkart and Amazon are offering big discounts on several phones in its festive sale.
Copyright 2023-2025 - www.financetom.com All Rights Reserved