Adani Wilmar Q3 Results: Net profit doubles to ₹411 crore, EBITDA surges 57% YoY

The Adani Group firm, which sells edible oils and other food items, saw a 31% rise in revenue at ₹16,926 crore for the October-December quarter of FY25. Revenue for the same quarter in the previous fiscal year stood at ₹12,887.21 crore.

This was the highest-ever profit after tax (PAT) and revenue reported by the firm.

The company’s EBITDA also saw a significant rise, surging 57% year-on-year (y-o-y) to ₹792 crore, compared to ₹504 crore in the year-ago period.

Consequently, the EBITDA margin improved to 4.7% from 3.9%, reflecting operational efficiencies and better cost management.

Adani Wilmar’s edible oils and food & FMCG segments delivered strong double-digit revenue growth of 38% y-o-y and 22% on the year, respectively.

“The company has been expanding its distribution network to access more towns, reaching over 43,000 rural towns directly by the end of December 2024. This marks substantial progress from just over 5,000 towns in March 2022. The goal is to reach over 50,000 rural towns by the end of FY’25 and drive the penetration of outlets as well as volume offtake in these new outlets,” Adani Wilmar said in a regulatory filing.

Shares of the company had hit a 52-week low of ₹241.05 during the intraday trade. But the shares jumped back to green post the result announcement.

At 1:30 PM, the scrip was trading 3.63% higher at ₹261 apiece.

Commenting on the performance, Angshu Mallick, managing director and CEO of Adani Wilmar, said, “The company has been becoming stronger and more diversified. Most of our strategies have been yielding positive results. Our edible oils have gained market share in underindexed markets and under-indexed categories like sunflower oil and mustard oil. In wheat flour, we outpaced industry growth during the year. Additionally, the company has significantly expanded its direct rural coverage, crossing 43,000 rural towns as of December ’24, up from 5,000 towns in March 2022, positioning us well for future growth.”

In Q3, the company’s edible oil volume grew by 4% year on year and recorded revenue of ₹13,387 crore. Branded sales declined in low single digits, primarily due to a double-digit decline in packed palm oil sales and downtrading by consumers. Branded sales increased across all other edible oils.

During the quarter, the industry essentials segment’s revenue increased by 4% y-o-y to ₹1,915 crores. The lower sales of castor meals and oil meals led to a decline in the segment’s volume during the quarter.