Adani Wilmar Q1 FY25 Net Profit Rises to Rs 313 Cr

Adani Wilmar on Monday, July 29, reported a consolidated net profit of Rs 313.20 crore in the first quarter ending June 2024 as against a loss of Rs 78.92 crore in the corresponding quarter last fiscal year.

Key Takeaways from Adani Wilmar’s Financial Performance

• Adani Wilmar’s consolidated net profit stood at Rs 313.20 crore in the first quarter ending June 2024.
• The company’s sales for the quarter increased by 9.6% to Rs 14,168.58 crore.
• Adani Wilmar’s EBITDA increased to Rs 618 crore.
• The company's EBITDA margin increased to 4.4% in the quarter, up from 1% the last year.

The company’s revenue from operations for the quarter increased by 9.6% to Rs 14,168.58 crore compared to Rs 12,928.08 crore delivered in the June quarter last year.

Adani Wilmar's Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) increased to Rs 618 crore as edible oil prices remained stable. The firm delivered Rs 130 crore in the same time previous year. The company's EBITDA margin increased to 4.4% in the quarter, up from 1% the previous year.

Adani Wilmar's edible oil division increased volume by 12% year on year, surpassing 1 million MT in the June quarter. Furthermore, food and FMCG sales exceeded Rs 1,500 crore in the quarter, with an underlying volume increase of 42% year on year.

While Oleo and Castor oil in the Industry Essential section had excellent double-digit volume growth, a fall in the oil meal industry hampered the segment's total growth.

Adani Wilmar said that the strong business momentum has resulted in improved market share in key product categories.

In edible oils, AWL's Refined Oil Consumer Pack market share climbed by 60 basis points year-on-year to 19% on a moving annual total (MAT), while whole wheat flour's market share increased by 90 basis points year-on-year to 5.9%. Additionally, branded export volume has increased by 36% year-on-year. 

"The consumer shift to branded staples is benefiting us significantly. We have delivered another strong quarter with double-digit growth in both edible oils and Food and FMCG segments," Angshu Mallick, MD and CEO at Adani Wilmar said.

About Adani Wilmar Limited

Incorporated in 1988, Adani Wilmar Limited is a fast-moving consumer goods (FMCG) firm. It sells kitchen goods to Indian customers, such as edible oil, wheat flour, rice, legumes, and sugar. It also offers a branded health and convenience product range that includes Rice Bran Oil, Blended Oil, Soya Nuggets, Chana Sattu, Biryani Kit, and Khichdi. Its segments include Edible Oils, Food & FMCG, and Industry Essentials. The Edible Oils segment buys and manufactures edible oils. 

The Food & FMCG category is involved in the purchase and manufacture of food goods. The Industry Essentials division buys and manufactures non-edible oils and chemicals. It provides a wide range of industry needs, such as oleochemicals, castor oil and its derivatives, and de-oiled cakes. Fortune, King's, Raag, Bullet, Fryola, Jubilee, Aadhar, and Kohinoor are some of the names under which it offers its whole line of packaged products in the edible oil and food FMCG segments.

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