Adani Wilmar on Thursday reported a consolidated net profit of Rs 311 crore for the September quarter, compared to a loss of Rs 131 crore posted in the same period last year. Revenue from operations in Q2 FY25 was reported at Rs 14,460 crore, an 18% increase from Rs 12,267 crore in the corresponding quarter of the previous financial year.
The profit after tax (PAT) was marginally below on a sequential basis, declining by 0.7% from Rs 313 crore in Q1 FY25.
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Meanwhile, revenue grew by 2% on a sequential basis, compared to Rs 14,168.58 crore reported by the food and FMCG company in the April-June quarter.
The company’s operating EBITDA or Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) stood at Rs 612 crore in Q2, up 325% on a YoY basis.
Among the key milestones reported by the company, Adani Wilmar recorded its highest-ever half-yearly operating EBITDA in H1 FY25 at Rs 1,232 crore, marking a growth of 349% year-on-year (YoY). The company also posted its highest-ever half-yearly PAT in H1 at Rs 624 crore.
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The edible oil segment registered a strong 21% YoY revenue growth, with an underlying volume growth of 17% YoY. Meanwhile, the Food & FMCG segment achieved a revenue growth of 34% YoY, with an underlying volume growth of 33% YoY.
Commenting on the earnings, MD & CEO Angshu Mallick called it yet another strong quarter, with double-digit growth in both edible oils and Food & FMCG segments.
“The stability in edible oil prices augurs well for our business, allowing us to deliver strong profits over the past four quarters. We have been 2nd and 3rd largest player in Wheat flour and Basmati Rice business respectively. On the back of Trust and Quality, along with branding investments, our flagship brand ‘Fortune’ has been gaining good acceptance with consumers for the entire range of kitchen essentials. This along with the increasing retail penetration and new towns reach is leading to strong growth in our banded portfolio,” Mallick said.
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“Our other food products like pulses, besan, soya chunks, poha have also been growing in strong double digits and they in aggregate have now reached INR 1,500 crores on LTM basis. Our overall Food & FMCG business has crossed INR 5,800 crores on LTM basis and we stay committed to build a very large packaged food business in India,” the MD & CEO added.
Shares of Adani Wilmar hit an intraday high of Rs 342 on NSE, rising over 7% over Wednesday’s closing price.
