Explorer

Adani Wilmar Q3: Net Profit Rises By 16% To Rs 246 Crore In December Quarter

According to a regulatory filing, Adani Wilmar’s total income was Rs 15,515.55 crore in the third quarter of this fiscal, up from Rs 14,398.08 crore a year-ago period. 

Adani Wilmar Limited on Wednesday reported a 16 per cent rise in its net consolidated profit to Rs 246.16 crore for the third quarter ending December 2022. Its net profit was Rs 211.41 crore in the same period last year. 

According to a regulatory filing by the firm, Adani Wilmar’s total income was Rs 15,515.55 crore in the third quarter of this fiscal, up from Rs 14,398.08 crore a year-ago period. 

However, the company's net profit during the April-December period of this fiscal fell to Rs 488.51 crore compared to Rs 569.45 crore in the year-ago period, the filing showed. 

Its total income in the first nine months of this fiscal rose to Rs 44,501.14 crore against Rs 39,347.33 crore a year ago.

The company said that in Q3 of FY23, Adani Wilmar Limited recorded 16 per cent volume growth and 7 per cent revenue growth. This was achieved on the back of the large opportunity available in the packaged food industry, well supported by our portfolio of premium and popular brands, pan-India distribution, and manufacturing facilities across the length and breadth of the country.

Adani Wilmar is a joint venture between Adani Group and Singapore-based Wilmar. 

"We are expanding our product portfolio with region specific products, ready-to-cook products, and category adjacencies. The company is progressing well in the forward integration of its industry essential business, resulting in the growth in sales of specialty chemicals, in addition to the growth in basic oleochemicals from capacity expansion," said Angshu Mallick, managing director and chief executive officer, Adani Wilmar.

The company witnessed a strong demand on the back of festivities and weddings, gradual recovery in rural markets, and a bumper Kharif crop, he added.

According to the company, edible oils contributed 66 per cent in the volumes but 81 per cent in the total revenue. The food and FMCG segment contributed 15 per cent by volume to the overall sales and delivered 27 per cent volume growth in the third quarter of this fiscal. 

Wheat flour and rice have been growing well on the back of increased distribution reach and new product launches, Adani Wilmar said in its filing. 

View More
Advertisement
IOI
Don't Miss Out
16
Hours
54
Minutes
23
Seconds
Advertisement
Thu Feb 20, 4:35 pm
connaught place
18.4°
Precipitation: 0 mm    Humidity: 74%   Wind: ESE 8.5 km/h
See Today's Weather
Powered By:
Accu Weather
Advertisement

Top Headlines

India Make Winning Start To ICC Champions Trophy 2025 Campaign With Defeat Of Bangladesh
India Make Winning Start To ICC Champions Trophy 2025 Campaign With Defeat Of Bangladesh
UP Police Vow Action Against Buying, Selling Of 'Women's Bathing' Videos At Maha Kumbh
UP Police Vow Action Against Buying, Selling Of 'Women's Bathing' Videos At Maha Kumbh
'Part Of The Game': Axar Patel Reacts To Rohit Sharma's Dropped Catch Off His Hat-Trick Ball
'Part Of The Game': Axar Patel Reacts To Rohit Sharma's Dropped Catch Off His Hat-Trick Ball
Maharashtra Youth Injures 3 In Knife Attack Following Argument On Mumbai Local Train, Arrested
Maharashtra Youth Injures 3 In Knife Attack Following Argument On Mumbai Local Train, Arrested
Advertisement
ABP Premium

Videos

Delhi CM Oath: Rekha Gupta Takes Oath as Delhi CM, BJP Highlights Women LeadershipDelhi CM Oath Ceremony: BJP MLAs Head to Ramlila Maidan for Swearing-in EventDelhi CM Oath Ceremony: Rekha Gupta Embarks on Historic Journey to Delhi's CM Oath at Ramlila MaidanDelhi CM Oath Ceremony: Grand Roadshow by Rekha Gupta Ahead of Swearing-in

Photo Gallery

Embed widget