Adani Wilmar Food & FMCG Revenue Up 40% in Q1FY25

Adani Wilmar has announced a significant boost in its Food & FMCG segment revenue for the first quarter of FY25. The company's revenue in this segment surged by 40% to INR 1,533 crores, up from INR 1,097 crores in the same period last year. This impressive growth was driven by a 42% increase in underlying volume year-on-year.

The surge in revenue was largely attributed to strong sales in food products, leveraging a well-established distribution network for edible oils. The company also benefited from increased trials through strategic bundling and trade schemes. Additionally, sales of non-basmati rice to government-appointed agencies for exports contributed to the revenue growth.

In the wheat sector, Adani Wilmar maintained a robust growth trajectory despite a general slowdown in the packaged atta industry. The company expanded its presence in retail outlets and households, leading to increased repeat purchases. The wheat business also saw notable gains in the South market, further boosting its market share.

The rice business experienced a notable increase in volumes, growing by 89% due to a successful promotional event with a major retailer and government-to-government business support. The company's distribution network played a crucial role in expanding its presence in various outlets.

Overall, the revenue from branded Food & FMCG products in the domestic market has been growing at a rate exceeding 30% year-on-year for the past eleven quarters. 

Source: Here 

Adani Wilmar Q1FY25 Results

Adani Wilmar has announced impressive results for Q1 FY25, showcasing robust performance across its segments. The company achieved its highest-ever Profit After Tax (PAT) of INR 313 crores, marking a remarkable growth of approximately 500% year-on-year. This surge in profits was supported by a record EBITDA of INR 619 crores, a significant increase of 375% compared to the previous year, driven by stability in edible oil prices.

For the quarter, Adani Wilmar reported a total revenue of INR 14,169 crores, reflecting a 10% increase year-on-year. This growth was fueled by a 12% rise in volume and a 12% increase in revenue from its edible oil segment, which surpassed 1 million metric tons. Additionally, the Food & FMCG segment saw revenue exceed INR 1,500 crores, with a substantial underlying volume growth of 42% year-on-year.

In the edible oils sector, the company's revenue grew by 8% year-on-year to INR 10,649 crores, supported by a 12% increase in volume. The segment benefited from strong market presence and new product launches, including a specialized mustard oil packaging and 'Fortune Pehli Dhaar' premium mustard oil.

The Industry Essentials segment's revenue remained steady at INR 1,986 crores, though overall volume declined by 6% due to a drop in the oil meal business. Despite this, the segment saw growth in Oleo-chemicals and Castor businesses.

Adani Wilmar's continued strong performance is reflected in its increased market share in key categories, including a 60 basis points rise in refined oil market share to 19.0% and a 90 basis points increase in wheat flour market share to 5.9%. Additionally, branded exports volume surged by 36% year-on-year.

Commenting on the results, Mr. Angshu Mallick, MD & CEO, Adani Wilmar Limited said: “The Company’s revenue grew by 10% YoY to INR 14,169 crores. The consumer shift to branded staples is benefiting us significantly.

We have delivered another strong quarter, with double digit growth in both edible oils and Food & FMCG segments. The edible oils volume grew by 12% YoY to surpass 1 mn MT and the Food & FMCG volume grew by 42% YoY, exceeding INR 1,500 crores in Q1.

The stability in edible oil prices augurs well for our business, allowing us to deliver strong profits over the past three quarters. In Q1’25, we achieved our highest-ever EBITDA of INR 619 crores, a 375% increase YoY and PAT of INR 313 crores.

Adani Wilmar's Q1 FY25 results highlight the company's strong financial health, driven by solid volume growth in both edible oils and food products, along with effective market strategies and stable prices.

Adani Wilmar

Adani Wilmar is a major FMCG company in India, offering essential kitchen commodities such as edible oil, wheat flour, rice, pulses, and sugar. Established in January 1999 as a joint venture between the Adani Group and the Wilmar Group, it benefits from both partners' strengths: Adani's local market knowledge and logistics expertise, and Wilmar's global sourcing and technical skills.

Known for its flagship brand "Fortune," the largest selling edible oil brand in India, Adani Wilmar is also the country’s largest importer of crude edible oil and a leading manufacturer of various oils and fats.

The company operates 23 plants and utilizes 28 tolling units across India, and has received multiple awards for its digital campaigns, supply chain innovations, and social impact projects.