You are here: Home » Companies » Results
BSE Q1 net profit declines 23% to Rs 40 cr; revenue rises 6% to Rs 198 cr
Business Standard

Adani Wilmar's Q1 net profit rises 10% to Rs 194 cr on higher sales

Angshu Mallick, Managing Director and CEO, Adani Wilmar, said the company has continued to demonstrate a steady growth in overall volumes, led by the foods business.

Topics
Adani Wilmar | sales

Press Trust of India  |  New Delhi 



Adani Wilmar
Its net profit stood at Rs 175.70 crore in the year-ago period.

Edible oil major Ltd (AWL) on Wednesday reported a 10 per cent growth in consolidated net profit at Rs 193.59 crore for the quarter ended June on higher .

Its net profit stood at Rs 175.70 crore in the year-ago period.

Total income rose to Rs 14,783.92 crore in the first quarter of this fiscal from Rs 11,369.41 crore in the corresponding period of the previous year.

Angshu Mallick, Managing Director and CEO, Adani Wilmar, said the company has continued to demonstrate a steady growth in overall volumes, led by the foods business.

"This is despite multiple headwinds that we saw during the quarter with inflation and low consumer offtake being the major concern areas," he said.

While still a majority of staples and FMCG products are sold through general trade, Mallick said the company has seen double-digit growth in through e-commerce and modern trade.

" of our new products such as Poha, Khichdi, Total Balance Oil, Soya Chunkies etc, have doubled on a year-on-year basis, though on a low base," he added.

Mallick also said there is finally some respite and signs of relief due to the softening of certain commodity prices, which may lead to better demand uptick in the coming quarter.

Adani Wilmar's cumulative volumes rose to 1.19 million tonnes in Q1 of FY23 compared to 1.03 million tonnes in Q1 FY22, registering a growth of 15 per cent.

Edible oil business stood at 0.70 million tonnes, posting a growth of 6 per cent year-on-year on volumes. Sales in value terms stood at Rs 11,519 crore, up 23 per cent.

Food and FMCG continued to lead the growth and now has a basket of Rs 860 crore for the June quarter, registering a growth of 66 per cent on revenues and 53 per cent on volume terms.

has a diversified product portfolio offering most of the primary kitchen essentials including edible oil, wheat flour, rice, pulses, besan and sugar.

Its flagship brand 'Fortune' is the largest selling edible oil brand in India.

The company has 23 plants in India which are located across 10 states, comprising 10 crushing units and 19 refineries.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Wed, August 03 2022. 18:10 IST

.