Adani Wilmar Ltd Reports 6% Volume Growth in Q3FY24-25 Despite Price Hikes

Adani Wilmar Ltd, a joint venture between Adani Group of India and Wilmar Group of Singapore, reported a 6% volume growth in Q3FY24-25. The company achieved this growth despite significant price hikes driven by surge in raw material costs. Revenue grew by 33% YoY compared to the previous year. The company maintained its market share in the edible oils segment and experienced robust double-digit growth in the Foods category. The integrated distribution model and e-commerce sales volume contributed to the growth. The company also reported strong results in South India and rural markets. The HORECA channel grew at a volume growth rate exceeding 35% for YTD FY'25. The company launched a year-long celebration for the 25th anniversary of the ‘Fortune’ brand. The Food & FMCG segment recorded a YoY revenue growth of 22% in Q3.