New Delhi, May 26 -- LIC recently doubled down on Patanjali Foods, increasing its stake in the FMCG major from 5.16% to 7.66% in the March quarter. This followed a similar move in September 2024 by GQG Partners, which also owns stakes in various Adani Group companies.

In fact, conviction in Patanjali's stock has been growing for several quarters now. Since June 2023 institutional investors, both domestic and foreign, have consistently increased their stakes in the company, while promoters have offloaded shares.

As the broader FMCG sector recovers amid a revival of rural demand, should investors take special note of Patanjali Foods?

From oil to FMCG

Incorporated in 1986, and formerly known as Ruchi Soya, Patanjali Foods has positioned ...