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%.
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.
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Research Analyst: Bavadharini KS