Adani wilmar Q3 result: Adani Wilmer has performed brilliantly in the third quarter of FY 2024-25. The company’s net profit increased to Rs 411 crore, which was Rs 201 crore in the same quarter last year. The main reason for this growth was to increase the sales of edible oil and improved in rural areas.
31% growth, profits and Ebitda improvement in income
The total income of Adani Wilmer recorded an increase of 31%, which increased to Rs 16,926 crore as compared to the previous year. Meanwhile, EBITDA (income before interest, tax, depotry and earlier) increased by 57% to Rs 791 crore. The Ebitda margin also increased by 80 base points to 4.7%, which was 3.9% last year. The company has given a new direction to its development through these results. Adani Wilmer Managing Director and CEO Anshu Malik said, “The company has recorded strong profits in five consecutive quarters. We have made record profits in this quarter. Ebitda reached Rs 792 crore and PAT 411 crore rupees.”
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Eating oil and FMCG segment contribute
The company earned an income of Rs 13,387 crore from the food oil segment, which was Rs 9,711 crore last year. Apart from this, income from ‘Food and FMCG’ segment increased by 22% to Rs 1,558 crore. The company’s wheat flour and other food products contributed significantly to this growth. Anshu Malik said, “We have increased market share in segment like mustard and sunflower oil. We have left behind industry growth in wheat flour.” The company has also increased its reach in rural areas. Compared to 5,000 towns in March 2022, by December 2024 the figure reached 43,000 towns. This expansion prepares the company for more development in future.
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E-commerce and branded products gains
The company’s e-commerce segment also saw good growth. E-commerce revenue rose 41% in the December quarter, while Horeca (Hotel, restaurant and catering) channel recorded a growth of 35% year-on-year basis. The company has achieved an annual volume growth of 15% for its branded products in South India. Anshu Malik said, “The demand for our branded products in South India is continuously increasing. Apart from this, we have also gained strong revenue from alternative channels.”
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Volume growth despite high prices
The company recorded a volume growth of 5% during the December quarter, which was achieved despite the increase in prices due to the high cost of raw materials. The company’s Food and FMCG segment recorded an underline volume growth of 23%. Adani Wilmer has strengthened its position in e-commerce and branded products along with increasing its reach in rural markets. The company’s development strategy and strong market catch will lead it to make more profits in future.
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Shares closed fast
The impact of the brilliant quarterly results of Adani Wilmer was also seen on its share price. Usually, the company’s shares went up to 5.06% after the announcement of the quarterly results even amidst the market fall and then closed at Rs 259 with a gain of 2.84%.
