Adani Wilmar Limited has reported robust financial performance for the quarter ended December 31, 2024, with a significant growth in profit driven by operational efficiencies. The company’s consolidated net profit for Q3 FY25 stood at ₹410.93 crore, a 42% increase from ₹289.12 crore reported in the same quarter last year.
Revenue and Income
The company’s total revenue from operations increased by 23% year-on-year, reaching ₹15,859.31 crore in Q3 FY25, compared to ₹12,828.36 crore in Q3 FY24. Other income during the quarter stood at ₹66.69 crore, bringing the total income to ₹16,926.00 crore, up from ₹12,887.21 crore in the corresponding period last year.
Expenses
Adani Wilmar’s total expenses during the quarter rose to ₹16,379.76 crore, reflecting an increase in raw material costs and other operational expenditures:
- Cost of materials consumed: ₹14,076.58 crore
- Employee benefits expense: ₹187.85 crore
- Finance costs: ₹203.60 crore
- Depreciation and amortization: ₹108.44 crore
- Other expenses: ₹1,042.69 crore
Profit Before Tax and Exceptional Items
Profit before tax (PBT) for the quarter stood at ₹546.24 crore, up from ₹401.87 crore in Q2 FY25, showcasing continued growth momentum. The company’s exceptional items for the quarter remained unchanged at ₹53.51 crore.
Commenting on the results, Mr. Angshu Mallick, MD & CEO, Adani Wilmar Limited said: “The Company’s revenue grew by 31% YoY to INR 16,859 crores. We have delivered another strong quarter, with double-digit growth in both edible oils and Food & FMCG segments. The edible oils revenue grew by 38% YoY and the Food & FMCG revenue grew by 22% YoY. The Company has been delivering strong profits over the last five quarters. We have delivered record profits during the quarter, with EBTIDA at INR 792 crores and PAT at INR 411 crores. This has led to best-ever trailing-twelve-months (TTM) performance with operating EBITDA at INR 2,390 crores and PAT at INR 1,192 crores on TTM basis. Our overall Food & FMCG business has crossed INR 6,150 crores on TTM basis and we stay committed to building a very large packaged food business in India. The Company has been becoming stronger and more diversified. Most of our strategies have been yielding positive results. Our edible oils have gained market share in underindexed markets and under-indexed categories like Sunflower oil and Mustard Oil. In wheat flour, we outpaced industry growth during the year. Additionally, the company has significantly expanded its direct rural coverage crossing 43,000 rural towns as of December ’24, up from 5,000 towns in March 2022, positioning us well for future growth. E-commerce revenue has grown by 41% YoY on TTM basis. The company has made strong inroads in the South, with a 15% YoY volume growth in branded products during Q3. Additionally, the ‘Fortune’ brand is celebrating its 25th anniversary with a year-long series of consumer campaigns to mark this significant milestone.”
Nine-Month Performance
For the nine months ended December 31, 2024, Adani Wilmar reported a cumulative net profit of ₹986.71 crore, a substantial improvement from ₹777.96 crore during the same period last year. Total revenue for the nine-month period reached ₹45,664.34 crore, compared to ₹38,212.98 crore in FY24.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Always conduct your own research or consult a financial advisor before making investment decisions.
