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Adani Wilmar Q4FY22 Results

20 May 2022
2 minutes

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

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