Adani Wilmar Achieves Record Half-Yearly Net Profit of ₹624 Crore

Adani Wilmar Ltd on Thursday reported its highest ever half-yearly net profit at Rs 624 crore for the first six months of the current fiscal (FY25).

The Adani Group company clocked Rs 326 crore in standalone profit (PAT), up from Rs 324 crore in Q1 FY25. The company saw 18 percent revenue surge at Rs 14,460 crore in the quarter, year-on-year.

Adani Wilmar MD and CEO Angshu Mallick said that the company has delivered yet another strong quarter with double digit growth in both Edible Oils as well as in Food & FMCG segments. "We have been the second and third largest players in wheat flour and basmati rice business, respectively.

On the back of trust and quality, along with branding investments, our flagship brand 'Fortune' has been gaining good acceptance with consumers for the entire range of kitchen essentials," Mallick added.

The Group company reported strong double-digit revenue growth in both edible oils and Food and FMCG segments at 21 per cent and 34 per cent (YoY), respectively. The growth in staple foods and industry essentials was good, albeit offset partly by the decline in the latter.
Edible oil prices remaining stable during the quarter was a positive factor that helped the Group company report good profits over the last four quarters.
Operating EBITDA for Q2 FY25 stood at Rs 613 crore. Edible oil: In Q2, the revenue was up 21% YoY to Rs 10,977 crore. This is the third successive quarter of double-digit volume growth. Soybean, sunflower, and mustard oils have also posted strong growth. Food and FMCG revenues were up 34% to Rs 1,718 crore. Volume growth was at 21 per cent YoY for the Food and FMCG business, excluding G2G exports business.

"Cited the company, "across wheat business, the company witnessed steady growth. Sales through small pack sizes in lower per capita markets. Branded sales of pulses, besan, soya nuggets, sugar, poha, and soap posted strong double-digit growth YoY in Q2.

It has expanded its network of distribution to more rural towns. So far, it has covered directly more than 36,000 rural towns till September end. It hopes to reach 50,000 rural towns by the end of FY25 and drive the penetration of outlets and volume offtake in the new outlets, as claimed by the company.