Edible Oils company Adani Wilmar announced Q1FY25 results: The Company achieved revenue of Rs 14,169 crore in Q1FY25, driven by 12% YoY volume growth. Both Edible oils and Food & FMCG segments delivered strong double-digit volume growth, of 12% YoY and 42% YoY respectively, aided by growth in packaged staple food. While Oleo and Castor oil in the Industry Essential segment experienced strong double digit volume growth, a decline in the oil meal business impacted the segment’s overall growth. Strong business momentum has led to increased market share in key product categories. In edible oils, ROCP (Refined Oil Consumer Pack) market share of AWL increased by 60bps YoY to 19.0% on a moving annual total (MAT) basis, whereas in Wheat flour, market share increased by 90bps YoY to 5.9%. Additionally, branded exports volume has surged by 36% YoY. With stable edible oil prices, the Company has posted strong profits over the last three quarters. For Q1FY25, it delivered its highest-ever EBITDA at Rs 619 crore and a PAT of Rs 313 crore. Commenting on the results, Angshu Mallick, MD & CEO, Adani Wilmar said: “The Company’s revenue grew by 10% YoY to Rs 14,169 crore. The consumer shift to branded staples is benefiting us significantly. We have delivered another strong quarter, with double digit growth in both edible oils and Food & FMCG segments. The edible oils volume grew by 12% YoY to surpass 1 mn MT and the Food & FMCG volume grew by 42% YoY, exceeding Rs 1,500 crore in Q1. The stability in edible oil prices augurs well for our business, allowing us to deliver strong profits over the past three quarters. In Q1FY25, we achieved our highest-ever EBITDA of Rs 619 crore, a 375% increase YoY and PAT of Rs 313 crore. With our trusted brand, Fortune, we expect continued market share gains from regional brands. Our Food products are making significant inroads into Indian households, and we plan to meet this large demand by enhancing our Food distribution through our edible oil network. In under two years since launching our dedicated HORECA distribution channel, we have surpassed Rs 500 crore in revenue on a last twelve-month basis and achieved a 90% YoY volume increase in Q1.” Result PDF
Conference Call with Adani Wilmar Management and Analysts on Q4FY24 Performance and Outlook. Listen to the full earnings transcript.
Edible Oils company Adani Wilmar announced Q4FY24 & FY24 results: Q4FY24 & FY24 Financial Highlights: Profit After Tax (PAT): Rs 157 crore, marking a 67% YoY growth from Q4FY23 PAT of Rs 94 crore Food & FMCG sales volume exceeded 1 million MT Food & FMCG segment revenue for FY24 nearly doubled over 2 years to approximately Rs 5,000 crore Edible oils volume growth of 11% in Q4FY24 and 9% in FY24 Wheat Flour market share increased by 60 basis points to 5.6% HORECA segment revenue crossed Rs 400 crore in FY24 Edible Oil: Volume of 0.98 million MT (up 11% YoY); revenue of Rs 10,195 crore (down 6% YoY) Food & FMCG: Volume of 0.28 million MT (up 9% YoY); revenue of Rs 1,341 crore (up 16% YoY) Industry Essentials: Volume of 0.28 million MT (down 22% YoY); revenue of Rs 1,702 crore (down 12% YoY) FY24 Revenue: Rs 51,262 crore Edible Oil : Volume of 3.67 million MT (up 9%); revenue of Rs 38,788 crore (down 16% YoY) Food & FMCG : Volume of 1.03 million MT (up 16%); revenue of Rs 4,994 crore (up 23% YoY) Industry Essentials : Volume of 1.32 million MT (up 8%); revenue of Rs 7,479 crore (down 7% YoY) Commenting on the results, Angshu Mallick, MD & CEO, Adani Wilmar Limited said: “We continued to witness strong volume growth in our edible oils & foods business driven by increased retail penetration. A focused approach in sales & marketing and regional approach in each category is leading to gaining market share from the local players. The adoption of our Integrated Business model strategy allows us to effectively compete with large and regional players. With fast-growing volumes, the Company has achieved major milestones during the year. In fiscal FY’24, Food & FMCG business reached 1 million MT in sales and overall Company surpassed 6 million MT in sales. Revenue in Food & FMCG segment has nearly doubled in last 2 years to reach almost Rs 5,000 crore in FY’24. Improvement in branded mix in edible oils during the year has also led to better profitability for the Company in the second half, with reported PAT in H2FY24 of Rs 358 crore and Rs 404 crore on a consolidated and standalone basis respectively. The challenges faced by the company in Bangladesh operations have been overcome with the improved forex situation and fundamentals of the economy. The operations have come back to normalcy this quarter. Our brand “Rupchanda” remains the market leader in Bangladesh in the Edible Oil category." Result PDF