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Stock impact report

India's Adani Wilmar posts Q4 profit jump on strong edible oil demand [Reuters]

WILMAR INTL LTD UNSP/ADR (WLMIY) 
NASDAQ:AMEX Investor Relations: ir-media.wilmar-international.com
Company Research Source: Reuters
The "Fortune" branded cooking oil maker its consolidated net profit rose to 1.57 billion rupees ($18.8 million) in the quarter ended March 31, from 936.1 million rupees a year earlier. The company, which is a joint venture between Adani Enterprises and Wilmar International , sells edible oil variants, including mustard, sunflower and soybean. Report this ad Adani Wilmar sales volume rose 11% during the January-March period, driven by strong festive demand and increased retail presence. Its total expenses fell 6.6%, led by a 9% decline in raw materials costs. Revenue from operations fell 4.6% to 132.38 billion rupees, its fifth consecutive quarter of decline. The company last month lower revenue for fiscal 2024 due to weaker edible oil prices. Revenue from its edible oil segment, which accounted for 77% of the total mix, declined 5.5%, while revenue from its food and fast-moving consumer goods segment, which sells products like basmati rice and sugar, increased 15.7%. Ri Show less Read more
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