Adani Wilmar Q4 results preview: Street expects double-digit profit surge

Adani Wilmar Q4 results preview: Adani Wilmar, the edible oils business arm of Adani Group, is going to release its quarterly earnings for the March quarter of the financial year 2023-24 (Q4FY24) on Wednesday, May 1. Two other group companies of the diversified conglomerate, Adani Power Ltd and Ambuja Cements Ltd, will also release their earnings report for Q4FY24.

Ahead of the Adani Wilmar Q4 results, experts predict that the net profit of the company is likely to increase more than double in the March quarter.

Adani Wilmar Q4 results preview

According to experts, Adani Wilmar is likely to report a profit of over ₹217 crore in Q4FY24 compared to ₹93.6 crore reported in the year-ago period. The street estimates indicate that Adani Wilmar’s sales are likely to decline marginally by 4% YoY to ₹13,314.4 crore. The company’s earnings before interest, tax, depreciation and amortisation (EBITDA) may also drop slightly to ₹513.1 crore.

Adani Wilmar Q3FY24 results

The Adani group company’s consolidated revenue from operations for Q3FY24 stood at ₹12,828.36 crore. The company reported an operating profit of ₹276.26 crore along with a profit after tax of ₹200.89 crore. The company’s operating margin stood at 2.15%.

Adani Wilmar Q4 business update

In its business update filed with the stock exchanges for the March quarter, recently, Adani Wilmar said that its Food and FMCG segment has achieved the milestone of 1 million MT of sales. The company also added that in two years the revenue from the segment nearly doubled to ₹4,700 crore.

Adani Wilmar also informed the stock exchanges that it has seen double-digit growth in both edible oils and foods businesses during the quarter. The company said that factors such as increased retail penetration, the focus on under-indexed markets and strong demand in the festive season drove the double digit growth.

“The company benefited from the strong demand during the festive occasion of Holi and the ongoing wedding season. The Company also achieved its highest ever volume during the quarter and it continues to gain market share,” Adani Wilmar said.

Adani Wilmar shares closed 4.62% higher at ₹359 apiece on the NSE on Tuesday. The stock has gained over 11% in the last one month and more than 4% in the past one week.