FMCG major Adani Wilmar on Monday reported its fiscal first quarter earnings with profit at Rs 313.20 crore. This is in comparison to a loss of Rs 78.92 crore recorded during the corresponding quarter of previous fiscal year. It posted revenue from operations at Rs 14,168.58 crore, up 9.6 per cent as against Rs 12,928.08 crore during the same period last year. The company posted its highest-ever EBITDA of Rs 619 crore, up 375 per cent YoY, in Q1FY25 on the back of stability in edible oil prices.
Adani Wilmar said that the company achieved a revenue growth driven by 12 per cent YoY volume growth. Both Edible oils and Food & FMCG segments delivered strong double-digit volume growth, of 12 per cent YoY and 42 per cent YoY respectively, aided by growth in packaged staple food, it added.
Adani Wilmar’s Q1 performance across categories
Edible Oil: During the first quarter, the edible oil segment posted revenue growth of 8 per cent YoY to Rs 10,649 crore, with an underlying volume growth of 12 per cent YoY. The company has consistently expanded its market presence for its mustard oil segment, driving robust growth amidst a fragmented market landscape. Sunflower oil continued to gain market share in South India on the back of the company’s regional interventions. The company is also engaging with health-conscious consumers through digital platforms for its Fortune Xpert oil.
Food & FMCG: In Q1, the Food & FMCG segment’s revenue grew by 40 per cent to Rs 1,533 crore, with an underlying volume growth of 42 per cent YoY. Food products demonstrated strong growth by harnessing the well-established and widely penetrated distribution network of edible oils, along with increasing trials through strategic bundling and trade schemes. The quarter’s growth was additionally supported by sales of non-basmati rice to Government appointed agencies for exports. In the wheat business, Adani Wilmar said, while the packaged atta industry has experienced a significant slowdown in growth over the past three quarters, the company has maintained a robust growth trajectory. The Rice volumes grew by 89 per cent, supported by Government-to-Government business.
Industry Essentials: The Industry Essentials segment’s revenue stayed flat at Rs 1,986 crore in Q1, compared to the same period last year. While the Oleo-chemicals and Castor businesses witnessed strong double-digit growth, the segment’s overall volume declined by 6 per cent YoY in Q1, mainly due to a 22 per cent drop in the oil meal business.
Angshu Mallick, MD & CEO, Adani Wilmar Limited, said, “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 per cent YoY to surpass 1 mn MT and the Food & FMCG volume grew by 42 per cent YoY, exceeding Rs 1,500 crore 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 per cent increase YoY and PAT of Rs 313 crore.”
“With our trusted brand, Fortune, we expect continued market share gains from regional brands. Our Food products are making significant inroads into Indian households, and we plan to meet this large demand by enhancing our Food distribution through our edible oil network. In under two years since launching our dedicated HORECA distribution channel, we have surpassed Rs 500 crore in revenue on a last twelve-month basis and achieved a 90 per cent YoY volume increase in Q1,” he added.