Adani Wilmar shares jump over 4% after posting 13% YoY volume growth
Adani Wilmar today surged 4.4% on BSE to a high of Rs 347.50 after the company achieved a robust volume growth of 13% YoY in the quarter ended June 2024 along with a 36% increase in volume of their branded exports.
The company’s alternate channels like e-com and quick commerce were also able to maintain momentum with a 19% YoY volume growth.
The volume growth was propelled by market-specific strategies in each category, aimed at gaining market share, especially in under-indexed markets. With a robust product portfolio, the company is actively pursuing substantial opportunities by executing strong sales and distribution strategies in general trade.
Adani Wilmar’s edible oil business thrived due to a robust execution in sales and distribution, bolstered by the ongoing efforts to improve retail penetration while the food and FMCG business volume grew by 23% YoY.
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Revenue from branded products in the domestic market has consistently grown at a rate exceeding 30% YoY for the past eleven quarters. The company anticipates that strong growth in food volume will persist.
In the wheat business, while the packaged atta industry has experienced a significant slowdown in growth over the past three quarters, AWL has maintained a robust growth trajectory. Meanwhile in the rice business, the company is implementing several initiatives to drive robust growth.
Adani Wilmar, a joint venture between Adani Group of India and Wilmar Group of
