Adani Wilmar Ltd delivered its best-ever quarterly performance for the third quarter of FY25, with net profit surging 105 percent year-on-year to Rs 411 crore, compared to Rs 201 crore in the same period last year. Revenue grew by 31 percent year-on-year to Rs 16,859 crore, marking the highest quarterly revenue for the company. The strong topline growth was supported by a 5 percent rise in underlying volumes despite inflationary pressures.
Adani Wilmar stock rebounded sharply by over 9 percent from the day’s low, swinging into the green. It was trading at Rs 263, up 4.4 percent on NSE, following the announcement of its Q3 results.
The company’s operating EBITDA saw a sharp 57 percent year-on-year increase to Rs 792 crore, while EBITDA margin improved to 4.7 percent from 3.9 percent, reflecting operational efficiencies and cost control.
Segmental performance
Edible Oils: Revenue grew by 38 percent year-on-year to Rs 13,387 crore, driven by a 4 percent increase in volumes. The company highlighted market share gains in categories such as sunflower oil and mustard oil, despite downtrading in the packed palm oil segment.
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Food & FMCG: Revenue rose 22 percent year-on-year to Rs 1,558 crore, with volumes growing 23 percent. The company attributed the growth to bundling strategies and increased penetration in key markets, particularly in the South and West.
Industry Essentials: Revenue was up 4 percent year-on-year at Rs 1,915 crore, though volumes declined due to lower sales of castor meals and oil meal.
Expanding reach and distribution
Adani Wilmar said in a statement that it had significantly expanded its rural presence, reaching over 43,000 rural towns by December 2024, up from just 5,000 in March 2022. The company aims to further extend its coverage to 50,000 towns by the end of FY25.
E-commerce channels also recorded strong performance, with revenue growing 41 percent year-on-year on a trailing twelve months (TTM) basis. The company has focused on introducing value-added products and leveraging data for improved decision-making.
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The HORECA (hotels, restaurants, and caterers) channel registered over 35 percent volume growth year-to-date, with revenue crossing Rs 600 crore on an LTM basis. Additionally, the company celebrated the 25th anniversary of its ‘Fortune’ brand with consumer engagement campaigns, such as regional festivals and promotional activities.
“We are well-positioned for future growth with expanded rural distribution, strong e-commerce growth, and a diversified product portfolio,” said Angshu Mallick, MD & CEO, Adani Wilmar Ltd.
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