The revenue from operations for the quarter came in at Rs 14378.66 crore, up 40.56 per cent compared to the year-ago quarter.
Following the earnings announcement, shares of the company recovered to trade up by 2 per cent. The counter had fallen up to 8 per cent earlier in the day. The stock, though, has seen massive buying since listing on bourses.
“We have been able to continue our business performance in line with what we have been able to showcase in the recent past. As we go forward, our focus will be to grow our food business so that it can contribute reasonably well in our overall basket,” said Angshu Mallick, Managing Director and CEO, Adani Wilmar.
The firm said its revenue from the edible oil segment stood at Rs 12,118 crore during the quarter under review, growing 40 per cent. Volume growth stood at 9 per cent. Food & FMCG segment saw revenue at Rs 704 crore, up 46 per cent. Industry essential segment revenue was at Rs 1557, growing 41 per cent.
The company said it gained edible oil market share by 9 bps in the quarter, while in the what floor market the market share gain was 140 bps.
During the nine-month of the current fiscal, Adani Wilmar’s consolidated volume stood at 3.50 MMT (million metric tons), registering a growth of 4 per cent.
In the period, the company also commissioned an additional Oleochemical plant with a capacity of 400 tons per day (TPD) at Mundra and with this, the total capacity now doubled to 800 TPD. With the strategy to grow the food basket, it has also commissioned a 150 TPD Chana Besan plant in Nagpur and 50 TPD Soya Nuggets plant in Haldia.
