Adani Wilmar Limited reported record profits on Monday, with a PAT of Rs 313 crore for the April–June quarter (Q1 FY25), up 12% year over year. Revenue for the same period was Rs 14,169 crore.
Because of the consistency of edible oil prices, the company had its highest-ever EBITDA of Rs 619 crore, up 376 percent year over year.
In Q1, edible oil exceeded one million MT and saw a robust YoY volume rise of 12%.
According to the business, the Food and FMCG sales exceeded Rs 1,500 crore during the quarter, exhibiting an underlying volume rise of 42%.
“We stand to gain a great deal from consumers switching to branded basics. Angshu Mallick, MD and CEO of Adani Wilmar, stated, “We have produced another great quarter with double-digit growth in both edible oils and Food & FMCG segments.”
Key product categories have seen increases in market share due to strong business momentum.
On a moving annual total (MAT) basis, the company’s market share for edible oils climbed by 60 basis points year over year to 19%, while its market share for wheat flour increased by 90 basis points year over year to 5.9%. Furthermore, the volume of branded exports has increased by 36% year over year.
Over the last three quarters, the company has reported high profitability, despite unchanged edible oil prices. It produced its highest-ever EBITDA of Rs 619 crore and PAT of Rs 313 crore during the first quarter of FY25.
According to the corporation, food goods showed robust growth by utilizing edible oils’ well-established and extensively penetrated distribution network in addition to expanding trials through clever bundling and trade schemes.
Sales of non-basmati rice to export organizations designated by the government also contributed to the quarter’s rise.
“Our business has been able to deliver strong profits over the past three quarters due to the stability in edible oil prices,” Mallick added.
We anticipate regional brands to continue gaining market share thanks to our dependable brand, Fortune. Our food products are becoming increasingly popular in Indian households, and we intend to match this high demand by expanding the distribution of our food through our network of edible oils,” he said.
When compared to the same period previous year, the industrial necessities segment’s revenue in Q1 remained unchanged at Rs 1,986 crore.
