Adani Wilmar falls 4% on low single digit revenue growth guidance for Q2

The company, however, remains optimistic on their brand equity, and is hopeful of sequential improvement in demand trends with easing retail inflation and good monsoon

Shares of Adani Wilmar (AWL) dipped 4 per cent to Rs 681 on the BSE in Thursday's intra-day trade after the company said its overall revenue in the July-September (Q2FY23) quarter will grow in low single-digit on an annual basis, amid a fall in rates of edible oils. AWL markets its edible oils and other food items under the 'Fortune' brand.

Stock of the Adani Group company was trading lower for the fourth straight day, falling 9 per cent during the period. It had hit a record high of Rs 878.35 on April 28, 2022. At 10:16 AM, AWL