Business Update6 Jan 2024, 12:25 am
Adani Wilmar Ltd Q3 FY24 Update: Strong Volume Growth in Branded Oil and Foods
AI Summary
Adani Wilmar Ltd has reported a strong quarter with 6% volume growth in branded oil and foods, despite a 15% YoY decline in revenue due to lower pricing. The company has seen robust demand in rural areas and benefited from the festive and wedding season. The food business has been impacted by export restrictions, but strong domestic sales have led to 28% YoY revenue growth in the overall Food & FMCG segment.,
Key Highlights
- Strong volume growth in branded oil and foods
- Robust demand in rural areas
- Benefit from festive and wedding season
- Impact of export restrictions on food business