New Delhi:

Edible oil major Adani Wilmar on Wednesday reported a 67 per cent increase in its consolidated net profit to Rs 156.75 crore for the fourth quarter ended March 2024.

Its net profit stood at Rs 93.61 crore in the year-ago period.

The company’s total income fell to Rs 13,342.26 crore in the March 2024 quarter from Rs 14,185.68 crore in the year-ago period, according to a regulatory filing.

In 2023-24, Adani Wilmar’s net profit declined to Rs 147.99 crore against Rs 582.12 crore in the preceding year.

The total income also fell to Rs 51,555.24 crore last fiscal from Rs 59,148.32 crore in 2022-23.

Adani Wilmar sells edible oils and some other food products under Fortune brands.
 

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

(Disclaimer: New Delhi Television is a subsidiary of AMG Media Networks Limited, an Adani Group Company.)

According a report published in Bloomberg news,  Adani Enterprise has been considering a potential sale of its 44% stake in Adani Wilmar for a few months.
| Photo Credit: AFP

India’s Adani Enterprises is exploring selling its stake in its consumer-staple joint venture with Wilmar International, Bloomberg News reported on Tuesday, citing people familiar with the matter.

The conglomerate has been considering a potential sale of its 44% stake in Adani Wilmar for a few months, according to the report.

Indian billionaire Gautam Adani and his family may retain a minority stake in a personal capacity following a sale, while Wilmar could decide to retain its stake in the business, Bloomberg reported.

Deliberations are at an early stage and Adani Enterprises may decide to keep its stake, the report said.

Adani Enterprises and Wilmar did not immediately respond to Reuters’ requests for comment.

Last week Adani Wilmar reported a first-quarter loss, hurt by a steep decline in edible oil prices