New Research Reports

Management expects demand recovery in H2FY26, supported by festive consumption, rural improvement, and easing input costs.

A sequential recovery was visible in AWL’s performance in Q2FY26, with Foods profitability sustaining its strong momentum while edible oils’ growth remained largely price-led amid subdued consumption trends.

Company is one of the leading manufacturers of high-quality 22kt CZ casting gold jewellery, in terms of installed production capacity, specializing in the design and production of all types of gold jewellery .Company offers a wide range of high-quality, intricately designed pieces, including bangles, rings, necklaces, and complete jewellery sets across various price points ranging...

In Q1FY26, AWL experienced a challenging quarter led by muted consumer demand, strategic consolidation of regional rice operations, one-off G2G rice business in the base year, and fluctuations in edible oil prices.

AWL reported 20% YoY revenue growth due to pricing action, while volume growth was impacted by weakness in palm oil and rationalisation of rice business.

Patanjali Foods acquired Patanjali Ayurved's HPC business for Rs 11bn. It expects to close the transaction by 15 Aug 2024

AWL continues to witness recovery in volumes (+11% YoY) with sustained strong performance in foods segments (+18% YoY volume growth; >40% revenue growth in branded foods segment over last 8 quarters) and gradual recovery in edible oils segment (+12% YoY volume growth in branded edible oils).

AWL had another unusual quarter due to macro headwinds leading to revenue decline of 12% YoY (14% YoY decline in edible oil segment revenues). Profitability continued to be impacted by multiple headwinds (~INR 3bn impact due to high cost inventory, hedges dis-alignment and tariff rate quota disparity).

AWL had another unusual quarter due to macro headwinds leading to revenue decline of 7% YoY (13% YoY decline in edible oil segment revenues). Meanwhile Foods segment continued its momentum with revenue and volume growth of 53% and 38% YoY, respectively.

AWL had a reasonable quarter with 16% YoY volume growth driven by stability in market prices of edible oil and improvement in consumer demand. Foods segment continued its momentum with revenue and volume growth of 45% and 27% YoY, respectively (impacted sequentially due to duty on rice exports).

Sept Update 2022 Proxy play to the high growth packaged food segment

Issue Snapshot: Issue Open: Mar 24 Mar 28, 2022 Price Band: Rs. 615 650 *Issue Size: 66153846 eq shares Issue Size: Rs.4300 cr Reservation for: QIB Upto 50% eq sh Non Institutional atleast 15% eq sh Retail atleast 35% eq sh Face Value: Rs 2 Book value: Rs 148.82 (Sep 30, 2021) Bid size: - 21 equity shares and in multiples thereof 100% Book built Issue Ruchi Soya Industries Ltd - FPO Note

FPO Note

Company is a diversified FMCG and FMHG focused company, with strategically located manufacturing facilities and well recognised brands having pan India presence. Company is one of the largest FMCG companies in the Indian edible oil sector...

Adani Wilmar Ltd is one of the few large FMCG food companies in India to offer most of the primary kitchen commodities for Indian consumers, including edible oil, wheat flour, rice, pulses...

Adani Wilmar being a joint venture between the Adani group and Wilmar group enjoys the backing and networks of the Adani group. The company benefits from its parentage, leveraging the in-depth understanding of local...

Kotak Mahindra Capital Company Limited, J.P. Morgan India Private Limited, BofA Securities India Limited, Credit Suisse Securities (India) Private Limited, ICICI Securities Limited, HDFC Bank Limited and BNP Pariba...

Issue Open: Jan 27 Jan 31, 2022 Price Band: Rs. 218 230 (Discount of Rs 21 for all eligible employees) *Issue Size: Rs 3600.0 cr (including reservation of Rs 107.0 cr for eligible Employees + Rs 360 cr for AEL (Adani Enterprises Ltd) Shareholders) Reservation for: QIB Upto 50% eq sh Non Institutional atleast 15% eq sh Retail atleast 35% eq sh Face Value: Rs 1 Book value: Rs 31.95 (Sep 30, 2021) Bid size: - 65 equity shares and in multiples thereof 100% Book built Issue Adani Wilmar Limited - IPO Note

Incorporated in 1999 as a joint venture between Adani Group and the Wilmar Group, Adani Wilmar Ltd (AWL) is an FMCG food company offering most of the essential kitchen commodities for Indian consumers, including edible oil, wheat flour, rice, pulses, and sugar. The company's portfolio of products spans across 3 categories: (i) edible oil, (ii)