Adani Wilmar Q4FY22 Results

20 May 2022
2 min read
Adani Wilmar Q4FY22 Results
whatsapp
facebook
twitter
linkedin
telegram
copyToClipboard

Adani Wilmar, the FMCG subsidiary of Adani Enterprises, released its quarterly earnings on May 2, 2022. 

The company reported a 25.6% year-on-year decline in its consolidated net profit at Rs 234.3 crore for the quarter ended March.

Consolidated revenue from operations, on the other hand, witnessed a 40.2% year-on-year rise to Rs 14,960.4 crore. 

For the financial year 2022, volume stood at 4.80 Million Metric Tonnes (MMT) compared to 4.46 MMT in 2021. It registered a growth of 8%. 

Revenue crossed the Rs 50,000 mark and stood at Rs 54,214 crore in 2022. This is compared to Rs 37,090 crore in 2021, registering a growth of 46%

Consolidated net profit stood at Rs 804 crore in 2022 compared to Rs 636 crore in 2021 – registering a growth of 26%. 

Management Comments

Angshu Mallick, Managing Director, and CEO of Adani Wilmar Limited mentioned, “We have delivered steady growth in spite of the challenging macro environment. The food & FMCG segment registered double-digit growth. We have continued to improve our market share across edible oil & food categories.”

He added that going forward, the company will focus more on inorganic growth and strategic investments in the foods space.

Highlights

  • Adani Wilmar now has an 18.8% market share in the ROCP (Refined Oil Consumer Pack) category. 
  • The company launched 28 new fortune mart stores in FY22, taking the total count to 33, spread across India. 
  • The company’s D2C platform Fortune Online is currently live in 25 cities across India. 
  • Completed acquisition of a rice mill in West Bengal as a step in the direction to spread manufacturing footprint in the food segment across India.
  • Repaid long-term borrowings to the tune of Rs 937 crore from IPO proceeds in line with the objects of the Issue. 
  • The food business clocked revenue of Rs 2,621 crore in 2022 compared to Rs 1,906 crore in 2021 registering a year-on-year growth of 38%. 
  • Overall distribution now stands at 5,775 distributors.

To read the RA disclaimer, please click here.
Research Analyst: Bavadharini KS

Do you like this edition?
LEAVE A FEEDBACK
ⓒ 2016-2024 Groww. All rights reserved, Built with in India
MOST POPULAR ON GROWWVERSION - 4.7.6
STOCK MARKET INDICES:  S&P BSE SENSEX |  S&P BSE 100 |  NIFTY 100 |  NIFTY 50 |  NIFTY MIDCAP 100 |  NIFTY BANK |  NIFTY NEXT 50
MUTUAL FUNDS COMPANIES:  GROWWMF |  SBI |  AXIS |  HDFC |  UTI |  NIPPON INDIA |  ICICI PRUDENTIAL |  TATA |  KOTAK MAHINDRA |  DSP |  CANARA ROBECO |  SUNDARAM |  MIRAE ASSET |  BANDHAN |  FRANKLIN TEMPLETON |  PPFAS |  MOTILAL OSWAL |  INVESCO |  EDELWEISS |  ADITYA BIRLA SUN LIFE |  LIC |  HSBC |  NAVI |  QUANTUM |  UNION |  IDBI |  ITI |  MAHINDRA MANULIFE |  360 ONE |  BOI |  TAURUS |  JM FINANCIAL |  PGIM |  SHRIRAM |  BARODA BNP PARIBAS |  QUANT |  WHITEOAK CAPITAL |  TRUST |  SAMCO |  NJ |  BAJAJ