Adani Wilmar Q3 Update: Revenue jumps 33% YoY aided by volume growth
Adani Wilmar's revenue for the quarter ended December 31, 2024, grew by 33% year-on-year on the back of a 6% jump in its volumes, the company informed exchanges on Saturday. The growth was achieved despite significant price hikes driven by a surge in raw material costs, the company filing claimed.
The edible oils segment witnessed a downtrading among consumers but the company maintained its market share with a diverse portfolio of brands at various price points. In the foods category, key packed products such as wheat flour, rice, nuggets, pulses, poha, and sugar continued to experience robust double-digit growth, the update said.
The e-commerce (including quick commerce) sales volume registered 41% YoY growth on the back of enhancement in the company's capabilities in leveraging data and data visualization for better decision-making. The company said this move resulted in improved fulfilment rates and more efficient ad spend.
The channel is facilitating the rapid growth of value-added products such as Fortune Pehli Dhaar Mustard Oil, Fortune Xpert, Sharbati Atta, Poha and Biryani Kit.
The company's focus on capturing a «fair share» in South India has continued to deliver strong results, driving over 15% YoY volume growth for branded edible oils and foods combined.
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