Adani Wilmar Q4FY22 Results

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.