Patanjali Foods Limited, a major player in the Indian food and FMCG sector, has announced the resignation of its statutory auditor, Chaturvedi Shah LLP, effective November 3, 2025. The resignation comes amidst discussions regarding the revision and reduction of existing audit remuneration.

Background of the Resignation

Chaturvedi Shah LLP had previously expressed their intention to resign in October 2025, following email communications from the company in September 2025 about fee reductions. The auditing firm was appointed for a second term in September 2022 for five consecutive years until 2027.

Timeline of Events

• September 2025: Patanjali Foods communicates about fee reductions
• October 2025: Chaturvedi Shah LLP expresses intention to resign
• November 3, 2025: Official resignation of Chaturvedi Shah LLP

Impact and Continuity

Despite the resignation, Walker Chandiok & Co. LLP will continue as the company's statutory auditors. Chaturvedi Shah LLP had issued audit reports for the following periods:

• Year ended March 31, 2025
• Limited review reports for quarters ended June 30, 2025, and September 30, 2025

Company's Response

Patanjali Foods Limited has acknowledged the resignation and has informed the stock exchanges as per regulatory requirements. The company stated in its filing:

"M/s. Walker Chandiok & Co. LLP, Chartered Accountants, shall continue to act as the Statutory Auditors of the Company."

Regulatory Compliance

The company has complied with the necessary regulations by providing detailed information about the resignation to the stock exchanges, as required under SEBI guidelines.

This development highlights the importance of maintaining transparent relationships between companies and their auditors, especially concerning remuneration negotiations. It also underscores the need for companies to ensure continuity in their audit processes despite such changes.

Investors and stakeholders will likely be watching closely to see if this change in auditors has any impact on Patanjali Foods' financial reporting and corporate governance practices in the coming quarters.

Patanjali Foods , a prominent player in the Indian FMCG sector, has reported a significant increase in its financial performance for the second quarter. The company's latest financial results showcase substantial growth in both revenue and profitability.

Financial Highlights

Key Takeaways

Robust Profit Growth

Patanjali Foods witnessed a remarkable 68% increase in net profit, rising from 3.10 billion rupees in the same quarter last year to 5.20 billion rupees in the current quarter.

Strong Revenue Performance

The company's revenue showed significant growth, increasing by 20% year-on-year to reach 97.99 billion rupees, up from 81.54 billion rupees in the corresponding quarter of the previous year.

EBITDA Improvement

Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) rose by 19.60%, from 4.60 billion rupees to 5.50 billion rupees, indicating improved operational efficiency.

Slight Margin Pressure

Despite the overall positive performance, the EBITDA margin experienced a marginal decline of 0.08 percentage points, moving from 5.71% to 5.63%.

The substantial growth in net profit and revenue suggests that Patanjali Foods has successfully expanded its market presence and potentially improved its product mix. The company's ability to significantly increase its bottom line at a rate higher than its revenue growth indicates effective cost management and operational improvements.

However, the slight decrease in EBITDA margin, despite the increase in absolute EBITDA, may warrant attention. This could be due to factors such as increased raw material costs, changes in product mix, or competitive pricing pressures in the FMCG sector.

Patanjali Foods' strong quarterly performance demonstrates its resilience and growth potential in the competitive Indian consumer goods market. Investors and market observers will likely keep a close watch on how the company maintains this growth trajectory and addresses the minor margin pressure in the coming quarters.