Adani Wilmar reports strong revenue and sales growth despite rising costs, driven by e-commerce and south India focus.
Adani Wilmar, a joint venture between Adani Group and Wilmar Group, reported a 33% increase in revenue and a 6% growth in sales volumes for the December quarter despite rising raw material costs. The company maintained market share through a diverse brand portfolio and saw strong double-digit growth in packed food products like wheat flour, rice, and sugar. E-commerce sales surged 41% year-on-year, and a focus on south India contributed to a 15% year-on-year volume growth in branded edible oils and foods.
3 months ago
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