The food and fast-moving consumer goods (FMCG) segment recorded revenue growth of 22 per cent year-on-year (YoY) in the recently concluded quarter
Adani Wilmar has registered an increase of 105 per cent in its consolidated net profit for the third quarter of the current financial year (Q3FY25) on a year-on-year (YoY) basis. The company’s net profit during the quarter stood at Rs 410.93 crore, up from Rs 200.89 crore in Q3FY24.
The company also marked a healthy jump on a sequential basis as it registered a 32 per cent rise in net profit when compared to Rs 311.02 crore in Q2FY25. The company’s consolidated revenue from operations increased to Rs 16,859.31 crore during the recently concluded quarter, marking a 31 per cent on-year increase from Rs 12,828.36 crore during the corresponding period of the previous fiscal.
The company, in its official statement, stated that it registered its highest ever quarterly operating earnings before interest, tax, depreciation and amortisation (EBITDA) of Rs 792 crore in Q3FY25, up by 57 per cent YoY.
“The Company has been becoming stronger and more diversified. Most of our strategies have been yielding positive results. Our edible oils have gained market share in under-indexed markets and under-indexed categories like Sunflower oil and Mustard Oil. In wheat flour, we outpaced industry growth during the year,” stated Angshu Mallick, Managing Director (MD) and Chief Executive Officer (CEO), Adani Wilmar.
The Horeca channel grew at a volume growth rate exceeding 35 per cent for year-to-date (YTD) FY25, generating over Rs 600 crore in revenue on a Last Twelve Months (LTM) basis, with a well-balanced contribution from both edible oils and foods, the company said. It added that the company recorded the best-ever trailing-twelve-months (TTM) performance with operating EBITDA at Rs 2,390 crore and net profit of Rs 1,192 crore on a TTM basis.
As far as the segments are concerned, In Q3, edible oil volume grew by 4 per cent YoY. Branded sales declined in low single digits, primarily due to a double-digit decline in packed palm oil sales and downtrading by consumers. Branded sales increased across all other edible oils, as per the company’s statement.
The food and fast-moving consumer goods (FMCG) segment recorded revenue of Rs 1,558 crore in Q3, up by 22 per cent YoY. The segment continued to experience double-digit growth in both general trade and ecommerce channels. The industry essentials segment’s revenue increased by 4 per cent YoY to Rs 1,915 crore. The lower sale in castor meals and oil meal led to a decline in the segment’s volume during the quarter.
