Adani Wilmar Shares Surge: 36% YoY Growth in Food Sales Fuels Q2 Momentum

resr 5paisa Research Team

Last Updated: 7th October 2024 - 05:58 pm

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According to Adani Wilmar, the Food & FMCG category had a 36% YoY revenue growth, driven by higher outlet penetration and recurring sales of our food items.

Following the release of its business update for the September quarter, which showed double-digit revenue growth of 16% on-year, Adani Wilmar shares saw a two percent increase on opening day. The food industry is expanding nationwide, with increase observed in a number of sectors and geographical areas. We now have a scale advantage in distribution thanks to our expanded assortment of food and oil goods and higher throughput," the FMCG firm stated.

Adani Wilmar shares were trading at ₹341.95 on the NSE at 9:17 a.m., up 1.6% from the previous trading session.
The Adani Group of India and the Wilmar Group of Singapore have partnered to form Adani Wilmar.

income from alternative channels grew by double digits year over year in Q2, surpassing ₹3,000 crore in income for the previous twelve months. According to the corporation, the e-commerce channel has grown even faster, with sales rising by around four times during the previous four years.

The business of edible oils continued to develop rapidly, with double-digit YoY volume growth instigated by the profitable soybean, sunflower, and mustard oil segments, according to Adani Wilmar.

"Increased outlet penetration and recurring sales of our food goods drove a 36% YoY revenue rise for the Food & FMCG category. Revenue increase was 26% YoY when the G2G segment (sales to government-appointed export agency) was excluded, according to the corporation.

Adani Wilmar said that in Q2, branded sales of sugar, poha, soya nuggets, besan, pulses, and soap exhibited robust double-digit increase year over year.

Adani Wilmar shares have not changed in value over the last 12 months, while the Nifty 50 has increased by 28% over the same period.

Also Check Adani Group Stocks

To Summarize

Adani Wilmar reported a 16% year-over-year revenue growth in Q2, with its Food & FMCG segment posting a remarkable 36% increase, driven by expanded outlet reach and recurring sales. The edible oils business also grew, particularly in soybean, sunflower, and mustard oil, while alternative income channels, including e-commerce, saw a fourfold rise over four years. Branded items like sugar, pulses, and soaps contributed to double-digit growth, positioning Adani Wilmar strongly amid India’s expanding FMCG landscape.

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