India: Patanjali Foods to acquire biscuit manufacturing assets

Patanjali Foods, the Indian FMCG and edible oils company, has entered into strategic agreements worth approximately 750 crore INR ($80 million) to acquire manufacturing assets from its promoter group company Patanjali Ayurved Limited (PAL).

Under the terms of the agreements approved on 14th March, the company will acquire leasehold rights to over 400,000 sq m of land and partially constructed buildings, along with a biscuit manufacturing plant and machinery . The facilities are located at the Yamuna Expressway Industrial Development Area (YEIDA) in Uttar Pradesh. According to the company, the acquisition aims to bolster production capacity and operational efficiency as it seeks to compete with market leaders such as Britannia Industries and ITC.

Patanjali Foods, previously known as Ruchi Soya, has pursued aggressive integration since its acquisition by the Patanjali Group. The firm recently recorded record quarterly revenue of 10,483  crore INR ($1.11 billion) in the third quarter of the 2026 financial year, led by 39% growth in its FMCG segment. CEO Sanjeev Asthana stated the company expects 6–8% growth in the foods business, targeting a total revenue of 50,000 crore INR ($6 billion) within the next three years.

Source: ScanX / Whalesbook / Tijori Finance / Stockwatch