New Delhi: Ev en though Patanjali Foods shares traded marginally lower on the BSE on Wednesday, dipping below ₹600, global brokerage firm Jefferies has expressed strong confidence in the company. Jefferies has raised its target price to ₹695 and maintained a buy rating, making the stock once again a key attraction for investors. The optimism is driven by improved edible oil sales, rising festive season demand, and steady margin growth across core business segments.

Jefferies’ outlook for Patanjali Foods

Jefferies highlighted three possible scenarios for the stock. In its base case, the brokerage expects revenue to grow at a 9 per cent CAGR over FY2025-28, with margins improving by 90 basis points. This would translate into 19 per cent growth in earnings per share (EPS) and a target pri

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