As the holy city of Ayodhya gears up for the consecration of Ram Mandir on 22 January, Adani Wilmar, the fast-moving consumer goods (FMCG) company in India, revealed its plans to join the celebrations on this occasion. The company, under its renowned brand Fortune, has curated a series of delightful activities that promise to add […]
Adani Wilmar’s plan to meet the minimum public shareholding requirement involves its two promoter entities, Adani Commodities and Lence Pte, intending to sell approximately 1.6 crore shares, which represents 1.24 per cent of the company. This move aligns with regulatory obligations set by the Securities and Exchange Board of India, mandating companies to maintain a […]
The shares of several edible oil companies such as Adani Wilmar, Patanjali Foods and Kriti Nutrients jumped by up to 7.5 per cent in Friday’s trade, after the Indian government announced that they would allow the import of edible oils at lower tax rates until March 2025. Adani Group’s fast-moving consumer goods (FMCG) firm Adani […]
In a surprising turn of events, it has been reported that Kolkata-based conglomerate ITC is contemplating a potential re-entry into the edible oil business, nearly two decades after it divested its edible oil plant in Andhra Pradesh to Adani Wilmar. According to media reports, ITC’s interest in Adani Wilmar has been sparked by its growing […]
The Adani Group, led by Gautam Adani, is reportedly in discussions to divest its complete 43.97 per cent stake in Adani Wilmar, with the deal anticipated to be finalised within a month, as reported by a media house. Adani Wilmar, the owner of well-known brands like Fortune Oil and packaged groceries, is expected to fetch […]
Adani Wilmar delivered a strong quarter with volume growth of 18 per cent YoY in H1’24 and 11 per cent YoY in Q2’24. The robust growth was supported by gradual improvement in consumer demand, lower edible oil prices, execution in GTM and efficient supply chain. The branded sales in both edible oil and foods grew […]
Adani Wilmar reported robust double-digit volume growth, driven by strong performance in the Food and Fast Moving Consumer Goods (FMCG) sectors, according to its quarterly business update. However, the edible oil segment faced challenges in the second quarter of FY24. The company achieved a standalone volume growth of 11 per cent in the quarter. The […]
Adani Wilmar reported a 12 per cent yearly decline in consolidated revenue during April-June 2023 quarter at Rs 12,928 crore. The company said the decline in revenue during the quarter was reflective of a steep decline in edible oil prices. The food and FMCG segment recorded a strong revenue growth of 28 per cent year-to-year […]
Shares of Adani Wilmar are expected to be closely watched as the company announced a 15 per cent year-on-year decline in sales attributed to a significant drop in edible oil prices, despite a 25 per cent increase in volumes for the quarter. The edible oil and industrial essentials segments experienced a 15 per cent decrease […]
Adani Wilmar (AWL) on Wednesday reported a 60 per cent year-on-year (YoY) decline in its consolidated net profit at Rs 94 crore for the fourth quarter ended on 31 March 2023 (Q4FY23), compared to Rs 234 crore previous year in the same quarter, as per the company’s official statement. The company’s revenue also fell 7 […]
