Adani wilmar stock price: Adani Wilmer, the Adani Group company, increased by double in the third quarter of the financial year 2024-25 to Rs 411 crore. After seeing the results of the company, brokerage house Nuwama has given a BUY rating in the stock of Adani Wilmer and has predicted 62 per cent returns compared to the current price. Brokerage House says that Adani Wilmer Limited recorded its best quarter so far in terms of revenue, Ebitda and PAT, and has been 31 per cent, 57 per cent and 105 per cent growth on an annual basis. The company has performed a strong performance in Edible Oil and Food and FMCG segment.
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Plan to increase direct access to 10 lakh outlets
According to the report of Brokerage House Nuwama, Adani Wilmer plans to increase its direct access to 1 million or 10 lakh outlets within 2 to 3 years. Funded Gohana plant via IPO will be operational from Q1fy26. With the operation of Gohana, its capacity will be 6,25,000 tonnes annually, with oil production 2,00,000 tonnes and will provide cast saving. The company’s market share in most food categories is getting stronger. Adani Wilmer has the largest soy manufacturing capacity of 6,000 tonnes per month. Employee costs have increased rapidly due to the mainly OneTime Incentive Program.
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What did the brokerage house like
Adani Wilmer recorded his best quarter so far in terms of Revenue, EBITDA and PAT due to strong performance in Edible Oil and Food and FMCG segment, with 31 per cent, 57 per cent and 105 per cent growth on the annual basis. Revenue and volume of Edible Oil Segment had a growth of 38 per cent and 4 per cent, which recorded a high -quarterly profit in segment. Food and FMCG business revenue and volume grew 22 percent and 23 percent growth. Wheat flour business overtook the growth of the industry and won the market. Revenue from alternative channels has grown in double digit with a revenue of Rs 33 billion in the last 12 months. The sales volume of e-commerce had an annual growth of 41 per cent.
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What did the brokerage house not like
In Edible Oil, the branded sales volume declined by low single digit on annual basis, mainly packed with the decline of double digit on the annual basis in the sales volumes of the palm oil packed mainly due to the decline of double digit and downtrodden by the consumers. Food and FMCG suffered a loss of Ebitda mainly due to high priced inventory due to fall in prices of paddy/rice. Industry Essential recorded a sluggish quarter, with a 3 per cent fall in the volume annual basis and 4 per cent growth in the revenue.
Brokerage gave a target price of Rs 424
Brokerage house Nuwama says that Adani Wilmer (AWL) has recorded a growth of 31.4 per cent and 57 per cent on the annual basis in Revenue and Ebitda in Q3Fy25. , The volume had a slight growth of 5 per cent on the annual basis. The gross margin increased by 41bp to 13.3 per cent on annual basis, while the Ebitda margin increased by 76bp to 4.7 per cent on annual basis. Talking about the edible oil segment, revenue and volume had a growth of 38 percent and 4 percent.
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Food and FMCG business revenue and volume had a growth of 22 per cent and 23 per cent. Industry Essentials reported a sluggish quarter, falling 3 per cent on annual basis in volume and 4 per cent growth in revenue. Other expressions have a growth of 20.2 per cent on annual basis and 15.5 per cent on quarter basis.
Staff cost was 88.6 per cent on annual basis and 65.4 per cent on quarter basis. The main reason for this was One Time Incentive Program. Keeping in mind the strong performance of the third quarter of FY 2025, Brokerage has advised to invest with a target price of Rs 424. This current price is 62 percent more than Rs 261. However, the first brokerage gave a target of Rs 455 on the stock.
(Disclaimer: Investing in stock is advised by brokerage house. These are not private views of financial express. There are risks in the market, so take the opinion of experts before investment)
