Adani Wilmar shares jump over 4% after posting 13% YoY volume growth

The volume growth was propelled by market-specific strategies in each category, aimed at gaining , especially in under-indexed markets. With a robust product portfolio, the company is actively pursuing substantial opportunities by executing strong sales and distribution strategies in general trade.

Adani Wilmar’s edible oil business thrived due to a robust execution in sales and distribution, bolstered by the ongoing efforts to improve retail penetration while the food and business volume grew by 23% YoY.

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Revenue from branded products in the domestic market has consistently grown at a rate exceeding 30% YoY for the past eleven quarters. The company anticipates that strong growth in food volume will persist.

In the wheat business, while the packaged atta industry has experienced a significant slowdown in growth over the past three quarters, AWL has maintained a robust growth trajectory. Meanwhile in the rice business, the company is implementing several initiatives to drive robust growth.

Adani Wilmar, a joint venture between Adani Group of India and Wilmar Group of Singapore, is one of the largest consumer Food FMCG companies in India. The company has a diversified product portfolio offering most of the primary kitchen essentials including edible oil, wheat flour, rice, pulses, besan and sugar with market leading positions across products.

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