Ahmedabad: Adani Wilmar on Wednesday reported a 67 per cent surge in revenue after tax (PAT) at Rs 157 crore for the quarter ended March 31, 2024, in comparison with Rs 94 crore in the identical quarter within the final fiscal 12 months.
The income for the total 12 months (FY24) stood at Rs 51,262 crore because the meals and FMCG section reached a milestone of just about Rs 5,000 crore, practically doubling in two years, the corporate mentioned in a press release.
For the fourth quarter (This fall), the corporate recorded a income of Rs 13,238 crore.
Whereas edible oils grew by 11 per cent and meals and FMCG by 9 per cent in quantity phrases, a major decline within the export enterprise of oil meals dragged down the general quantity progress to three per cent (YoY) in This fall, the corporate mentioned.
“We continued to witness robust quantity progress in our edible oils & meals enterprise pushed by elevated retail penetration. A centered method in gross sales and advertising and marketing and regional method in every class is resulting in gaining market share from the native gamers,” mentioned Angshu Mallick, MD and CEO, Adani Wilmar Ltd.
In fiscal FY24, the meals and FMCG enterprise reached 1 million metric tonnes (MT) in gross sales and the corporate surpassed 6 million MT in gross sales general.
“The meals and FMCG section recorded income of Rs 1,341 crore in This fall, with an underlying quantity progress of 9 per cent YoY for the quarter,” mentioned Mallick.
The corporate has been gaining market share in its key merchandise.
In edible oils, the ROCP (Refined Oil Client Pack) market share of Adani Wilmar has elevated by 60 bps to 19 per cent on a transferring annual complete (MAT) foundation.
“In wheat flour, our market share has elevated by 60 bps to five.6 per cent,” mentioned the corporate.
The edible oil section recorded income of Rs 10,195 crore in This fall and Rs 38,788 crore in FY24.
The quantity grew by 11 per cent YoY in This fall and 9 per cent YoY.
The ‘Trade Necessities’ section recorded income of Rs 1,702 crore in This fall and Rs 7,479 crore in FY24.
“Enchancment in branded combine in edible oils throughout the 12 months has additionally led to higher profitability for the corporate within the second half, with reported PAT in H2 2024 of Rs 358 crore and Rs 404 crore on a consolidated and standalone foundation respectively,” Mallick added.
