Adani Wilmar News

Edible oils company Adani Wilmar on Wednesday said that Uttar Pradesh's GST department has imposed a penalty of Rs 42 lakh on the company along with tax demand. In a regulatory filing, Adani Wilmar informed that it has received an «order passed by the Deputy Commissioner, CGST & Central Excise Division, Lucknow-I, levying penalty of Rs 41,99,465 equivalent to the tax demand under Uttar Pradesh GST Act, 2017.»

Adani Wilmar's third quarter profit soared 104% year-on-year (YoY) to Rs 411 crore, while revenue from operations increased 31% YoY to Rs 16,859 crore. On a sequential basis, net profit jumped 32% from Rs 311 crore reported in the preceding September quarter. Meanwhile, revenues rose 17% quarter-on-quarter.

On the BSE, Betex India(down 12.24 per cent), Goblin India(down 12.00 per cent), Sangam Renewables(down 11.67 per cent), Vishvprabha Ventures(down 11.23 per cent) and Purple Entertainment(down 10.21 per cent) were among the stocks that plunged over 5 per cent during the session.

Subscribe to enjoy similar stories. New Delhi: Makers of soaps, edible oils, tea and coffee are likely to raise prices of their products following a spike in commodity prices, the companies said. In the September quarter, coffee prices were up 60% year-on-year (y-o-y), tea 25%, and palm oil 10%.

Adani Wilmar are likely to remain in focus on Monday as the company posted a double-digit revenue growth of 16% year-on-year in Q2FY25 driven by strong execution in both edible oils and food business. The company informed exchanges about the development in its quarterly updates on Friday after market hours.

₹51,261.63 crore in FY24, primarily caters to food and FMCG customers in the western, central and northern India. "The group is planning to acquire a company from southern India engaged in the spices and ready-to-cook food business. Another company the group plans to take over is from eastern India.

Quick commerce companies are increasing the total weight which can be delivered per order as consumers have started doing monthly large pack shopping from 1-10 of every month replacing modern retail stores and other e-commerce platforms. Quick commerce companies are increasing the total weight which can be delivered per order as consumers have started doing monthly large pack shopping from 1-10 of every month replacing modern retail stores and other e-commerce platforms. Large fast moving consumer goods (FMCG) companies also want to initiate sales of such packs through quick commerce as they do not want to miss out on the sales opportunity.

Marico, which owns the Saffola and Parachute packaged oil brands, reported a slightly bigger-than-expected increase in first-quarter profit on Monday, helped by steady demand and said its earnings would grow this year. The company's consolidated net profit rose 8.7% to 4.64 billion rupees ($55.4 million) in the April-June quarter, just above analysts' average estimate of 4.63 billion rupees, according to LSEG data.

TCS, HCL Tech, Anand Rathi Wealth, Prestige Estates, RIL among others will be in focus due to various news developments and first quarter results. HCL Tech, IREDA Shares of HCL Tech and IREDA will be in focus as the companies will announce their respective first quarter results today.

Edible oil major Adani Wilmar on Friday said it has reported a 13 per cent volume growth in the June quarter. The double-digit growth was propelled by market-specific strategies in each category, aimed at gaining market share, especially in under-indexed markets, the company said in a business update. In the first quarter of the current fiscal, «the company achieved robust volume growth of 13 per cent YoY,» the company said. Adani Wilmar has reported a 19 per cent year-on-year (YoY) volume growth in the first quarter from alternate channels such as e-commerce, quick commerce and modern trade channels.

Nykaa, Adani Wilmar, Titan, Bandhan Bank, IndusInd Bank, Marico, Dabur among others will be in focus due to various news developments and first quarter updates. BigBloc Construction The Board of BigBloc Construction will meet on July 19 to consider and approve bonus issue of shares.

reduction in prices and what companies see as a sign of recovery in consumption. Companies like Adani Wilmar, Marico, Dabur and Godrej Consumer Products on Thursday and Friday said in investor notes that there has been volume-led growth in their sales in the October-December period. But value growth came under pressure as companies cut prices from early 2023 to pass on the benefit of lower raw-material costs. India's largest edible oil company, Adani Wilmar that sells the Fortune brand of products, on Friday said it recorded the best-ever volumes in branded oil and foods during the last quarter.

Future Consumer(up 6.25%), JHS Svendgaard Laboratories(up 6.18%), ADF Foods(up 1.87%), Bikaji Foods International(up 1.00%), Dangee Dums(up 0.88%), Heritage Foods(up 0.76%), Godrej Consumer Products(up 0.69%), Dabur India(up 0.68%), Hindustan Foods(up 0.68%) and Nestle India(up 0.67%) were among the top gainers. Jyothy Labs(down 2.17%), Adani Wilmar(down 1.79%), Mrs Bectors Food Specialities(down 1.06%), Tasty Bite Eatables(down 0.68%), Colgate Palmolive(India)(down 0.55%), Varun Beverages(down 0.50%), Hatsun Agro Product Ltd(down 0.42%), Britannia Industries(down 0.42%), Zydus Wellness(down 0.38%) and Gillette India(down 0.33%) were among the top losers.

ITC Ltd has overtaken rivals Adani Wilmar, Britannia, Parle Products and others to become the country's largest fast-moving consumer goods (FMCG) manufacturer in the foods space by domestic sales in the nine months to September, as per the latest data by market tracker NielsenIQ shared by three industry executives. ITC clocked food FMCG sales of ₹17,100 crore in the period, while Britannia was at ₹16,700 crore, Adani Wilmar at ₹15,900 crore, Parle Products at ₹14,800 crore, Mondelez at ₹13,800 crore and Hindustan Unilever Ltd (HUL) at ₹12,200 crore, NielsenIQ data showed. ITC has jumped from the fourth spot in the same period last year, when Adani Wilmar was leading the market. Adani Wilmar's sales in the January-September period last year stood at ₹16,100 crore, while Britannia was at ₹14,900 crore, Parle at ₹14,800 crore, ITC at ₹13,900 crore and Mondelez at ₹12,400 crore, as per NielsenIQ data. The industry executives said one of the key reasons ITC managed to overtake Adani Wilmar was due to the steep fall in edible oil prices. That has impacted the revenue of the country's largest edible oil company in the nine-month period.

El Nino in oil-producing countries is felt, they said. FMCG companies are, however, worried about rice production in the country as many eastern states that produce non-basmati rice have not received good rains which may harm the standing paddy crop in the fields. "Monsoon is critical for the soya bean and groundnut crop.

Nestle India(up 1.28%), Varun Beverages(up 0.92%), Marico(up 0.91%), P & G Hygiene(up 0.81%), Hindustan Unilever(up 0.70%) and Bajaj Consumer(up 0.16%) stood among the top gainers. Emami(down 3.68%), Adani Wilmar(down 3.05%), Mrs Bectors Food Specialities(down 2.90%), Dodla Dairy(down 2.70%), Bikaji Foods International(down 2.44%), Hatsun Agro Product Ltd(down 2.31%), Umang Dairies(down 2.30%), Tasty Bite Eatables(down 2.16%), ADF Foods(down 1.92%) and Heritage Foods(down 1.90%) were among the top losers of the day.

Adani Wilmar, GRM Overseas, and Tirupati Agritrade said prices of kitchen essentials like non-basmati rice, wheat, and pulses are likely to stay steady in the next two months. Prices of non-basmati have fallen 8% after the government announced a ban on its exports last Thursday to curb inflation.

Adani Wilmar said on Wednesday that first-quarter sales has declined by 15 per cent on sharp fall in edible oil prices eclipsed strong demand for its food products. Edible oil prices have been on a decline since last year, hit by lower consumer demand in developed economies, easing of supply in the Black Sea region and strong production of oilseeds.

Adani Wilmar, one of the largest FMCG companies in India, is expected to start the first day of trade with around 15 percent premium over issue price on Tuesday, experts feel, citing market leadership in branded edible oil industry and packaged food business, diversified products portfolio, healthy financials, strong brand recall, and broad customer reach.