Patanjali’s turnover is a staggering Rs 10,561 crore in FY17; 100% rise in profits

Baba Ramdev revealed that Patanjali’s annual turnover stands at Rs 10,561 crore for financial year of 2016-17.

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Baba Ramdev revealed that Patanjali’s annual turnover stands at Rs 10,561 crore for financial year of 2016-17. (Twitter image)

Baba Ramdev today said that Patanjali has witnessed 100 percent rise in profits. Talking to media, he revealed that Patanjali’s annual turnover stands at Rs 10,561 crore for financial year of 2016-17, according to multiple reports. He said that Divya Pharmacy’s annual turnover was Rs 870 crore. Ramdev, co-founder of Patanjali, claimed that his brand “will recapture the market currently held by Chinese products”, according to reports. The market share break-up of Patanajali’s products is impressive. According to CNBC-TV18 report, market share of Patanajali’s Shampoo, Toothpaste, Face Wash, Dish Wash stand at 15 per cent, 14 per cent, 15 per cent and 35 per cent. Notably, Patanjali’s honey witnessed a staggering 50 per cent of market share. In terms of revenue, its toothpaste has churned out Rs 940 crore and hair oil raked up Rs 825 crore. The revenue of Facewash stands at Rs 228 crore, the report says. Patanjali will also launch new range of Hair Oil, Essential Oils, the report says.

Baba Ramdev exuded confidence that Patanjali will be the largest brand in India within 1-2 years. Rejecting allegations over the brand’s products, Ramdev said, “people are spreading false news about Patanjali.” He also said, “we will build schools for children of martyred soldiers.” He said, “people’s trust is our source of strength and Patanjali’s intention is not to make money.”

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Prime Minister Narendra Modi yesterday inaugurated a research institute at yoga guru Baba Ramdev’s Patanjali Yogpeeth in Haridwar. “In the pre-independence era the gems of our traditional systems of medicine and healthcare were deliberately kept under wraps because we were a slave country. But even in the post-independence era, unfortunately, there was an effort on the part of successive governments to forget the distinctive specialities of our traditional systems rather than promoting them,” Modi said. He said the new institute, designed to facilitate clinical trials and modern packaging of ayurvedic medicines, was a big step forward towards “holistic” healthcare and would pave the way for a wider acceptance of India’s traditional therapeutic systems. “The main roadblock in the wider acceptance of ayurvedic medicines is the old-school, elaborate system of administering them. If ayurvedic medicines are packaged in a modern way, the world will accept them with alacrity,” he said.

With the hi-tech research institute equipped with a state-of-the-art laboratory, “a significant step” had been taken in that direction, Modi said. He congratulated Ramdev for the research institute and for taking yoga “to every household across the world”.

Modi also released an encyclopaedia compiled over ten years by Ramdev’s aide, Acharya Balkrishna. Titled “World Herbal Encyclopaedia”, it looks at of over 70000 herbal species found across the country. Ramdev, who conferred the title of “Rashtra Rishi” on Modi for his “relentless efforts to build a clean, strong and united India”, said in his address the country was bound to prosper under Modi’s “illustrious leadership”.

The prime minister said the honour had come as a surprise to him. “My source of inspiration is the 125 crore people of this country. I don’t believe in myself as much as in the strength of the blessings of 125 crore Indians,” Modi said. The prime minister arrived at Patanjali from Kedarnath, where he prayed at an 8th-century shrine dedicated to Lord Shiva.

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