Adani Wilmar on Thursday reported its fiscal second quarter profit at Rs 311.02 crore in comparison to a loss of Rs 130.73 crore reported during the corresponding quarter of FY24. It posted revenue from operations at Rs 14,460.45 crore, up 17.9 per cent as against Rs 12,267.15 crore during the same period of previous financial year. The company EBITDA stood at Rs 566 crore.
Adani Wilmar posted strong double-digit YoY growth of 12 per cent on volume. Edible oils and Food & FMCG segments delivered strong double-digit revenue growth of 21 per cent YoY and 34 per cent YoY respectively. The strong growth in staple foods was partially offset by the decline in the Industry Essential segment, it said.
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Angshu Mallick, MD & CEO, Adani Wilmar Limited, said, “The company’s revenue grew by 18 per cent YoY to Rs 14,460 crore. We have delivered another strong quarter, with double digit growth in both edible oils and Food & FMCG segments. The edible oils revenue grew by 21 per cent YoY and the Food & FMCG revenue grew by 34 per cent YoY. The stability in edible oil prices augurs well for our business, allowing us to deliver strong profits over the past four quarters. In H1’25, we achieved our highest-ever half-year operating EBITDA of Rs 1,232 crore and PAT of Rs 624 crore.”
The company board also approved the formulation of ‘AWL – Employee Stock Option Scheme 2024’. The ESOP scheme is being formulated to reward its employees and align their interests with the Company’s long-term objectives. “Under this scheme, the Board has authorized the granting of employee stock options totaling up to 1.29 crores (1% of total shares) to the eligible employees of the Company and its subsidiaries,” it said in a regulatory filing.
Q2 performance across segments
Edible Oils: In Q2, the edible oil segment posted revenue growth of 21 per cent YoY to Rs 10,977 crore, with an underlying volume growth of 17 per cent YoY. The growth, it said, was driven by strong performance in Soyabean, Sunflower and Mustard oils. To further differentiate the brand, it launched special packaging for its Kachi Ghani Mustard Oil for the Hilsa festival in West Bengal.
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