Adani Wilmar Ltd on Monday announced its quarter earnings report for the third quarter of FY25 with profit at Rs 410.93 crore, recording a jump of 104.55 per cent in comparison to Rs 200.89 crore recorded during the corresponding quarter of FY24. It posted revenue from operations at Rs 16,859.31 crore, up 31.42 per cent as against Rs 12,828.36 crore during the corresponding quarter of previous financial year. The company recorded its highest-ever quarterly EBITDA at Rs 791 crore, up 57 per cent YoY.
On trailing-twelve-months (TTM) basis, Adani Wilmar posted operating EBITDA at Rs 2390 crore and PAT was at Rs 1192 crore.
The FMCG firm achieved a healthy volume growth of 5 per cent YoY in Q3FY25, despite significant price-hikes driven by a surge in raw material costs.
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Distribution network
Adani Wilmar has reached over 43K rural towns directly by the end of December 2024. This, it said, marked a substantial progress from just over 5,000 towns in March 2022 and the goal is to reach over 50,000 rural towns by the end of FY25 and drive the penetration of outlets as well as volume offtake in these new outlets. In a statement, Adani Wilmar said, “The integrated distribution model is enabling us to leverage the strength of our oil distribution network to boost the reach of our food products, particularly in urban markets. This has been accomplished through a range of initiatives, such as loyalty programs for retailers, bundling offers for both retailers and consumers, targeting high-potential outlets, and refining salesman incentives.”
During the quarter, revenue from alternate channels increased at a strong double-digit rate YoY, with revenue over the past 12 months at around Rs 3,300 crore. The e-commerce (including quick commerce) sales volume continued to grow at 41 per cent YoY.
The HORECA channel, it said, grew at a volume growth rate exceeding 35 per cent for YTD FY25, generating over Rs 600 crore in revenue on a Last Twelve Months (LTM) basis, with a well-balanced contribution from both edible oils and foods. Furthermore, the company is developing a network of HORECA wholesalers to meet the demand from smaller customers.
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