Adani Wilmar shares jump over 7% on highest-ever net profit in Q1FY25

In its financial results for the June quarter filed with the stock exchanges on July 29, the Adani Group company reported its highest-ever net profit at ₹313 crore for Q1FY25 compared to losses in the same period a year ago.

The company’s net profit increased 500% year-on-year compared to a loss of ₹78.92 crore in Q1FY24. Sequentially, the company’s net profit nearly doubled, rising 99.8%, compared to ₹156.75 crore in the March quarter of FY24.

The edible oil producer company, which is a joint venture between Adani Enterprises and Wilmar International, reported a 9.59% YoY growth in revenue at ₹14,168.58 crore in June quarter compared to ₹12,928 crore in Q1FY24. Sequentially, the revenue from operations also increased 7% against ₹13,238.04 crore in Q4FY24.

The rise in revenue was driven by robust performance in both the edible oils, food, and fast-moving consumer goods (FMCG) segments.

Its earnings before interest, taxes, and amortisation (EBITDA) stood at a record ₹619 crore, up 375% Year-on-Year, driven by stability in edible oil prices.

Edible oil business saw a 12% Year-on-Year volume growth, surpassing 1 million metric tons (MT) in Q1FY25. The company’s market share in the Refined Oil Consumer Pack (ROCP) segment increased by 60 basis points (bps) YoY to 19% on a moving annual total (MAT) basis.Wheat Flour market share grew by 90 bps YoY, reaching 5.9%.

Food and FMCG sales exceeded ₹1,500 crore, with a substantial volume growth of 42% YoY, the company informed the bourses.

Revenue from branded food and FMCG products in the domestic market saw a strong growth in Q1FY25 exceeding 30% YoY for the past eleven quarters.

Adani Wilmar shares were trading 6.1% higher at ₹345 apiece on the NSE at 2:12 pm.