Adani Wilmar shares rise over 2.5% on strong Q1 performance

By Aditya Bhagchandani Published on July 8, 2024, 10:12 IST

Adani Wilmar shares surged over 2.5% after the company reported a 13% year-on-year growth in volumes for the June quarter. The edible oil segment saw a 13% increase in volumes and a 10% increase in value.

The Food & FMCG segment grew by 46% in value and 45% in volume. However, the industry essentials segment experienced an 8% decline in volumes but showed stable growth in value.

As of 10:02 am, the shares were trading 2.55% higher at ₹341.40 on the NSE.

Adani Wilmar

Aditya Bhagchandani

Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.