Adani Wilmar Achieves Record Profits and Growth in April-June Quarter
Adani Wilmar reported its highest-ever net profit of Rs 313 crore in the April-June quarter, marking a 500% increase from last year. The company’s EBITDA also reached a record Rs 619 crore, up 375% year-on-year.
Edible oil volumes grew by 12%, surpassing 1 million tonnes. Food and FMCG sales crossed Rs 1,500 crore, with a 42% volume growth. Overall revenue for the quarter was Rs 14,169 crore.
Adani Wilmar saw significant market share gains in key product categories. The ROCP market share in edible oils increased to 19.0%, and wheat flour market share rose to 5.9%. Branded export volume surged by 36%.
The company introduced new products like ‘Fortune Pehli Dhaar’ mustard oil and engaged with health-conscious consumers through digital platforms for its Fortune Xpert oil. Sunflower oil gained market share in South India.
In the rice business, volumes grew by 89%, supported by a successful promotional event and Government-to-Government business. The Industry Essentials segment’s revenue remained flat at Rs 1,986 crore.
CEO Angshu Mallick highlighted the strong performance and future plans for market expansion, stating, “With our trusted brand, Fortune, we expect continued market share gains from regional brands. Our food products are making significant inroads into Indian households.”
Doubts Revealed
Adani Wilmar -: Adani Wilmar is a company in India that makes and sells food products like cooking oil and wheat flour.
Net profit -: Net profit is the money a company makes after subtracting all its costs and expenses.
Rs 313 crore -: Rs 313 crore means 313 crores of Indian Rupees, which is a very large amount of money. One crore is equal to 10 million rupees.
April-June quarter -: The April-June quarter refers to the three months from April to June in a year.
500% increase -: A 500% increase means the profit is five times more than what it was last year.
EBITDA -: EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It’s a way to measure a company’s overall financial performance.
Rs 619 crore -: Rs 619 crore means 619 crores of Indian Rupees, which is a very large amount of money. One crore is equal to 10 million rupees.
Edible oil volumes -: Edible oil volumes refer to the amount of cooking oil the company sold.
FMCG -: FMCG stands for Fast-Moving Consumer Goods, which are products that sell quickly, like food and toiletries.
Market share gains -: Market share gains mean the company is selling more products compared to other companies in the same market.
CEO Angshu Mallick -: Angshu Mallick is the Chief Executive Officer (CEO) of Adani Wilmar, which means he is the top boss of the company.
Regional interventions -: Regional interventions are special actions taken in different areas to improve sales and performance.
