Adani Wilmar shines on reporting 13% volume growth in June quarter
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Adani Wilmar is currently trading at Rs. 340.15, up by 7.25 points or 2.18% from its previous closing of Rs. 332.90 on the BSE.
The scrip opened at Rs. 344.25 and has touched a high and low of Rs. 347.50 and Rs. 340.05 respectively. So far 232324 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 422.55 on 26-Jul-2023 and a 52 week low of Rs. 285.85 on 20-Nov-2023.
Last one week high and low of the scrip stood at Rs. 347.50 and Rs. 331.05 respectively. The current market cap of the company is Rs. 43266.30 crore.
The promoters holding in the company stood at 87.87%, while Institutions and Non-Institutions held 1.05% and 11.07% respectively.
Adani Wilmar has reported a 13 per cent volume growth in the June quarter. The double-digit growth was propelled by market-specific strategies in each category, aimed at gaining market share, especially in under-indexed markets.
The company has reported a 19 per cent year-on-year (YoY) volume growth in the first quarter from alternate channels such as e-commerce, quick commerce and modern trade channels. The company, which sells edible oils and some other food products under Fortune brands, has also strengthened the traditional channels as general trade. Besides, the volume of its branded exports increased by 36 per cent in Q1FY25.
In the edible oil segment, Adani Wilmar's business thrived due to robust execution in sales and distribution. Its food products business also demonstrated strong growth of 23 per cent. The quarter's growth was additionally supported by sales of non-basmati rice to government-appointed agencies for exports. Even after normalising this aspect, the Food & FMCG business volume grew by 23 per cent YoY.
Adani Wilmar is one of the few large FMCG food companies in India to offer most of the essential kitchen commodities for Indian consumers, including edible oil, wheat flour, rice, pulses and sugar. Its products are offered under a diverse range of brands across a broad price spectrum and cater to different customer groups.
