Adani Wilmar, the consumer goods company of the Adani Group, has made a great comeback. The company made huge profits in the June quarter. The consolidated net profit in the first quarter of June of the current financial year 2024-25 increased to Rs 313.20 crore. The company made a net profit of Rs 78.92 crore in the first quarter of the last financial year.
In the information provided to the stock exchange, the company said that its total revenue rose to Rs 14,229.87 crore in the April-June quarter. It was Rs 12,994.18 crore in the same period last year. Adani Wilmar is a joint venture between Adani Group and Singapore’s Wilmar. It is engaged in the business of edible oils, food and daily-use household items and industrial essentials. The company sells most of its products under the Fortune brand, of which mustard oil and refined oil are quite popular.
Let us tell you that the results of companies are presented in two parts, independent and consolidated. Independent shows the financial performance of a single unit. While in the consolidated financial report, the report of the entire company is given.
read this too
How did you do it?
Adani Wilmar’s edible oils segment registered strong volume growth of 12 per cent in the June quarter and crossed one million metric tonnes. Food and FMCG sales were over Rs 1,500 crore with underlying volume growth of 42 per cent. Commenting on the strong performance, Angshu Malik, MD & CEO, Adani Wilmar Limited, said, “Stability in edible oil prices augurs well for our business, which has helped us achieve strong earnings in the last three quarters. In Q1FY25, we achieved our highest-ever EBITDA of Rs 619 crore, a year-on-year growth of 375 per cent and PAT of Rs 313 crore.
With our trusted Fortune brand, we hope to continue to gain market share from regional brands. Our food products are making significant inroads into Indian households and we plan to meet this huge demand by expanding our food distribution through our edible oils network. In less than two years since the launch of our dedicated HORECA distribution channel, we have crossed Rs 500 crore revenues in the last twelve months and achieved 90% year-on-year volume growth in Q1 2019.
