India's Adani Wilmar Q2 FY22 profit rebounds to 3.11 billion rupees, driven by higher edible oil and food product demand.

India's Adani Wilmar reported a profit of 3.11 billion rupees for Q2 FY22, rebounding from a loss of 1.31 billion rupees the previous year. Revenue rose by 18% to 144.6 billion rupees, driven by higher demand for edible oils and food products. Despite a 14% increase in expenses due to import duties, the company's share prices rose 6% following the financial results. Strong performance was noted across both edible oils and food segments.

October 24, 2024
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