The company has expanded its rural coverage to 43,000 towns as of December 2024, up from 5,000 in March 2022. File
| Photo Credit: Reuters
Adani Wilmar on Monday (January 27, 2025) posted over a twofold jump in consolidated net profit at ₹410.93 crore for December quarter 2024-25 on strong edible oil sales.
The company had logged a net profit of ₹200.89 crore in the year-ago period.
Total income rose to ₹16,926 crore during the quarter from ₹12,887.21 crore in the corresponding period of the previous year, according to a regulatory filing.
Revenue from edible oil segment increased to ₹13,386.71 crore from ₹9,710.82 crore in the year-ago period.
Revenue from ‘food and FMCG’ segment rose to ₹1,558 crore from ₹1,273 crore, while revenue from ‘industry essentials’ increased to ₹1,914.59 crore from ₹1,844.12 crore.
Expenses remained higher at ₹16,379.76 crore as against ₹12,606.26 crore.
Adani Wilmar Managing Director and CEO Angshu Mallick said, “The company has been delivering strong profits over the last five quarters. We have delivered record profits during the quarter, with EBITDA at ₹792 crore and PAT at ₹411 crore.”
The company’s edible oils have gained market share in underindexed markets and categories like sunflower oil and mustard Oil. In wheat flour, the company outpaced industry growth during the year.
Additionally, the company has significantly expanded its direct rural coverage crossing 43,000 rural towns as of December 2024, up from 5,000 towns in March 2022, positioning well for future growth.
“E-commerce revenue grew 41% year-on-year on a trailing-twelve-months (TTM) basis. The company has made strong inroads in the South, with a 15% YoY volume growth in branded products during Q3,” he added.
The company’s shares were trading 5.06% up at ₹264.60 apiece on the BSE.
Published – January 27, 2025 04:03 pm IST
