Adani Wilmar | Business Upturn

AWL Agri Business announces Rs 1 per share dividend for FY 2025-26

Arunika Jain — Wed, 29 Apr 2026 10:43:09 +0000

AWL Agri Business Limited, formerly known as Adani Wilmar Limited, has declared a final dividend of ₹1 per equity share for the financial year 2025-26. This decision was made during the company’s Board of Directors meeting held on 28th April 2026. The dividend is subject to approval by shareholders at the forthcoming 28th Annual General Meeting (AGM).

The company has set 19th June 2026 as the record date to determine the eligibility of shareholders entitled to receive the dividend. The AGM is scheduled for 7th July 2026 and will be conducted via video conferencing in accordance with the applicable guidelines issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India (SEBI).

In addition to the dividend announcement, the Board approved the re-appointment of Mr. Ravindra Kumar Singh as a Whole Time Director for a period of three years, effective from 1st November 2026, pending shareholder approval. Mr. Singh, who holds a Bachelor’s degree in Chemical Technology from HBTI Kanpur, has been associated with the company since July 2003 and currently serves as the Technical Head.

The Board also approved the audited financial results for the quarter and year ended 31st March 2026. These results, prepared in compliance with SEBI’s Listing Obligations and Disclosure Requirements, were accompanied by an unmodified audit opinion from the company’s statutory auditors, M/s S R B C & Co. LLP.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

AWL Agri Business achieves Rs 74,731 crore revenue in FY26 with strong Q4 growth

Arunika Jain — Tue, 28 Apr 2026 10:30:47 +0000

AWL Agri Business Limited, formerly known as Adani Wilmar Limited, has reported significant financial growth for the fiscal year ending 31st March 2026. The company achieved a remarkable annual revenue of ₹74,731 crore, marking a 17% year-on-year increase, driven by robust demand in the edible oil segment and strategic investments in food and alternate channels.

In the fourth quarter of FY26, AWL recorded its highest-ever quarterly revenue of ₹21,465 crore, representing an 18% growth compared to the same period last year. This growth was underpinned by a 14% increase in volume, primarily attributed to the strong performance of the Edible Oil segment, which saw a 17% volume growth year-on-year.

The company’s operational EBITDA for the quarter stood at ₹628 crore, reflecting a 40% year-on-year growth. This was driven by improved profitability across both the Edible Oil and Food segments. For the full fiscal year, operational EBITDA reached ₹2,343 crore, with margins remaining stable compared to the previous year.

AWL’s alternate channels, including E-commerce, Q-commerce, and Modern Trade, demonstrated strong growth momentum, with Q4 FY26 volume growth of 43% year-on-year. The company maintained high market shares in these channels, with Edible Oil exceeding 30%, and significant shares in wheat flour, rice, besan, and soya nuggets.

The Branded Exports business also showed a strong trajectory, with Q4 FY26 volume growth of 48% year-on-year. For FY26, revenues from this segment surpassed ₹450 crore, growing 70% year-on-year. Additionally, the HoReCa channel delivered a 64% year-on-year growth in Q4 FY26, with full-year revenues exceeding ₹750 crore.

AWL continued to expand its distribution network, reaching over 9.65 lakh outlets and increasing its rural coverage to more than 63,000 towns. The company also launched a premium range of edible oils under the ‘Fortune Premio’ brand, catering to the growing consumer preference for high-quality and health-oriented products.

The Food & FMCG segment reported a 6% volume growth and an 18% revenue increase in Q4 FY26, with strong demand across categories. For the full year, this segment recorded revenue of ₹6,473 crore, a 9% growth year-on-year.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

AWL Agri Business reports Rs 5,200 crore revenue from alternate channels in FY26

Business Desk — Sat, 04 Apr 2026 09:05:14 +0000

AWL Agri Business Limited, formerly known as Adani Wilmar Ltd, has reported significant growth in its alternate channels, with annual revenues surpassing ₹5,200 crore in the fiscal year 2026. This growth was driven by a strong performance in e-commerce, quick commerce, and modern trade, which collectively delivered a 43% year-on-year (YoY) increase in Q4 FY26.

The company experienced a double-digit volume growth across its business segments during the quarter ending 31st March 2026. Edible Oil recorded a robust 17% YoY volume growth, supported by increased demand for soyabean, mustard, rice bran, and palm oil. The Food & FMCG business, while flat overall due to consolidation in institutional rice exports, saw a 13% YoY growth in its domestic segment, driven by improved sales in rice and wheat.

AWL’s Industry Essentials segment also showed a broad-based recovery, with improved sales in oleochemicals, castor, and DOC businesses. The oleochemicals business, contributing approximately 30% to the segment, remained a key growth driver.

In terms of distribution, AWL expanded its reach in general trade, crossing 965,000 outlets, with a significant portion of new additions coming from rural markets. The company also launched Fortune Premio, a premium range of edible oils, to cater to health-conscious consumers, further strengthening its premium portfolio.

Subsidiaries GD Foods and Omkar Chemicals reported strong performances, with GD Foods achieving close to 20% YoY growth in Q4 FY26, and Omkar Chemicals, acquired in 2024, doubling its sales volumes for the year.

AWL Agri Business continues to leverage its extensive distribution network and manufacturing capabilities to maintain its growth trajectory across various segments and channels.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

AWL Agri Business subsidiary dissolved following Ministry of Corporate Affairs approval

Yash Agarwal — Mon, 23 Mar 2026 12:58:25 +0000

AWL Agri Business Limited has announced the dissolution of its subsidiary, AWL Edible Oils and Foods Private Limited, following approval from the Ministry of Corporate Affairs. The approval for the strike-off was granted on 23rd March 2026, as per the company’s recent disclosure.

The application for the strike-off was initially filed by the subsidiary on 27th January 2026. AWL Agri Business Limited, formerly known as Adani Wilmar Limited, indicated that the subsidiary had no revenue from operations as of 31st March 2025 and a net worth of ₹6,80,819.

The company confirmed that the subsidiary’s name has been officially removed from the Register of Companies, effectively dissolving the entity. This development follows the regulatory requirements set forth by the Securities and Exchange Board of India (SEBI) under the Listing Obligations and Disclosure Requirements Regulations, 2015.

No agreement for sale or disposal was involved in this process, and there was no consideration received, as the strike-off was not part of a sale or disposal transaction. Additionally, the transaction did not involve any related party transactions or fall within the scheme of arrangement.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Adani Stocks Rally: Adani Total Gas up 3%, Adani Green up 2.50%, Adani Wilmar up nearly 2% ahead of Q4 Results today

Aman Shukla — Mon, 28 Apr 2025 05:29:11 +0000

Shares of Adani Green Energy (NSE: ADANIGREEN), Adani Total Gas (NSE: ATGL), and Adani Wilmar (NSE: AWL) recorded notable gains of up to 3% in early trade today, ahead of the companies’ Q4 FY25 results.

Adani Green Energy Share Performance

Adani Green Energy shares opened at ₹915.35 on the NSE, reaching an intraday high of ₹936.90 and a low of ₹909.15. The stock is currently trading well below its 52-week high of ₹2,174.10, but remains above its 52-week low of ₹758.00.

Adani Total Gas Share Performance

Adani Total Gas shares opened at ₹600.00, with a session high of ₹618.60. The stock did not dip below its opening price today, maintaining a low of ₹600.00. Over the past 52 weeks, the share price has fluctuated between a high of ₹1,190.00 and a low of ₹532.60.

Adani Wilmar Share Performance

Adani Wilmar shares opened at ₹273.75, hitting an intraday high of ₹279.30 and a low of ₹271.00. The company’s stock is trading above its 52-week low of ₹231.55, but remains significantly below its 52-week high of ₹403.95.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

Adani Wilmar’s Alife launches Gondhoraj & Neem Soap in West Bengal

Aman Shukla — Mon, 07 Apr 2025 06:58:34 +0000

Adani Wilmar’s personal care brand, Alife, has launched its latest innovation – Alife Gondhoraj & Neem Soap, exclusively in West Bengal. This unique soap blends the refreshing aroma of Gondhoraj lime, popularly known as the “King of Limes,” with the antibacterial and purifying properties of Neem, offering a rejuvenating skincare experience rooted in nature.

West Bengal’s love for Gondhoraj lime is deeply tied to its cultural heritage. Recognizing this, Alife crafted this soap to cater to regional preferences, while delivering modern skincare benefits. The new variant reflects Alife’s mission to combine traditional ingredients with innovative personal care solutions.

Speaking on the launch, Mukesh Mishra, Senior VP of Sales & Marketing at AWL Agri Business Ltd., said, “This soap is a tribute to Bengal’s beauty traditions, combining the invigorating scent of Gondhoraj with the herbal power of Neem.”

To support the launch, Alife has rolled out a 360-degree marketing campaign. Directed by Dibyendu Bose of Happy Rabbit Films, the TV commercial is supported by digital campaigns, cinema branding, and on-ground activations to ensure maximum consumer reach.

Available now at major retail outlets and e-commerce platforms across West Bengal, Alife Gondhoraj & Neem Soap marks a strategic step in strengthening Alife’s presence in the Indian personal care market.

Adani Wilmar shares surge 6% as revenue jump 23% YoY in Q3 FY25

Aman Shukla — Mon, 27 Jan 2025 08:06:39 +0000

Adani Wilmar shares surged by 6% following the announcement of its impressive financial performance for the quarter ending December 31, 2024. As of 1:35 PM, Adani Wilmar shares were trading 4.15% higher at Rs 262.30.

The company reported a consolidated net profit of ₹410.93 crore, marking a 42% year-on-year increase from ₹289.12 crore in the same quarter last year. This growth was driven by operational efficiencies and higher revenues.

Total revenue from operations rose by 23% YoY, reaching ₹15,859.31 crore in Q3 FY25 compared to ₹12,828.36 crore in Q3 FY24. Including other income of ₹66.69 crore, the company’s total income stood at ₹16,926.00 crore, up from ₹12,887.21 crore in the corresponding period.

Despite an increase in raw material costs and operational expenditures, Adani Wilmar managed to sustain its growth momentum. The company’s total expenses amounted to ₹16,379.76 crore, primarily driven by the cost of materials consumed, which stood at ₹14,076.58 crore. Other major expenses included employee benefits, finance costs, and depreciation.

Profit before tax (PBT) reached ₹546.24 crore, reflecting significant growth from ₹401.87 crore in Q2 FY25. Exceptional items remained unchanged at ₹53.51 crore for the quarter.

For the nine months ended December 31, 2024, Adani Wilmar reported a cumulative net profit of ₹986.71 crore, a notable rise from ₹777.96 crore in the same period last year. Total revenue for the nine-month period climbed to ₹45,664.34 crore, compared to ₹38,212.98 crore in FY24.

Adani Wilmar shares opened at ₹251.85 today, hitting a high of ₹270.00 and a low of ₹240.95, which is also its 52-week low. The stock remains significantly below its 52-week high of ₹408.95.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

Adani Wilmar Q3 FY25 Results: Revenue up 23% YoY to Rs 15,859 crore, Net Profit jumps 42% YoY

Aditya Bhagchandani — Mon, 27 Jan 2025 07:43:53 +0000

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.

Adani Wilmar inaugurates food processing plant with 627,000 MT annual capacity in Gohana, Haryana

Aman Shukla — Thu, 23 Jan 2025 11:20:15 +0000

Adani Wilmar Limited, a leading player in India’s FMCG food sector, has inaugurated its state-of-the-art integrated food processing plant in Gohana, Haryana. This milestone marks the first dispatch of 100 metric tonnes of rice, showcasing the plant’s capabilities. Built with a capital investment of ₹1,298 crore from IPO proceeds, the plant is set to become a major economic hub in the region, with the potential to generate 2000 direct and indirect jobs.

Spanning 85 acres, the plant is one of the largest greenfield projects in India, designed by Larsen & Toubro Technology Services (L&T). It is equipped with advanced technology to produce a wide range of food products, including rice, wheat flour, suji, rawa, and maida, as well as edible oils like mustard, rice bran, and cottonseed oils. With an impressive annual production capacity of 627,000 MT, it is poised to meet the growing demand for essential food and oil products.

The facility has already seen the consumption of over 10,000 MT of steel and 100,000 cement bags, a testament to its scale and ambition. As one of the largest food complexes in India, this project promises to revolutionize food production, contributing significantly to the local economy and ensuring a steady supply of high-quality food products to consumers nationwide.

Adani Wilmar shares fall another 8% after promoter floats OFS

Aditya Bhagchandani — Mon, 13 Jan 2025 03:54:19 +0000

Shares of Adani Wilmar fell sharply by over 7% today after its promoter, Adani Commodities, announced the exercise of the oversubscription option in its ongoing Offer for Sale (OFS). The move has brought further pressure on the stock, which has already been under scrutiny.

Key Details of the OFS:

Base Offer Size: The OFS initially included 17.54 crore shares, representing 13.50% of the company’s equity.
Oversubscription Option: Adani Commodities added an additional 1.96 crore shares, equivalent to 1.51% of the company’s equity.
Total Offer Size: With the oversubscription, the total OFS now stands at 19.51 crore shares, representing 15.01% of the company’s equity.
Retail Investors’ Bidding Day: 1.95 crore shares (1.50% equity) will be available for retail investors to bid on T+1 day, January 13, 2025.

The oversubscription indicates a significant move by the promoter to monetize holdings. However, the stock has witnessed a continuous slide, reflecting investor concerns about the impact of the large-scale equity sale on the market price.

Stock Performance:

Current Price: ₹268.70, down 7.69%.
Day’s Range: ₹267.50 – ₹272.90.
Year’s Range: ₹267.50 – ₹408.95.
Market Capitalization: ₹349.66 billion.

Adani Wilmar Share Price history

Day	Open	Close	Change %
Fri, Jan 10 2025	₹294.00	₹291.10	-10.00%
Thu, Jan 9 2025	₹320.00	₹323.45	-0.83%
Wed, Jan 8 2025	₹326.00	₹326.15	-0.90%
Tue, Jan 7 2025	₹326.20	₹329.10	+1.23%
Mon, Jan 6 2025	₹331.00	₹325.10	-1.07%
Fri, Jan 3 2025	₹330.00	₹328.60	-0.59%
Thu, Jan 2 2025	₹326.00	₹330.55	+0.56%
Wed, Jan 1 2025	₹308.00	₹328.70	+6.70%

Adani Wilmar shares fall 10% after promoter announces OFS to sell 20% stake

Aman Shukla — Fri, 10 Jan 2025 03:47:52 +0000

Adani Wilmar shares tumbled 10% after its promoter, Adani Commodities, announced plans to divest a significant stake via an Offer for Sale (OFS). The divestment, disclosed in an exchange filing on Thursday evening, will see the Adani Group entity sell a 13.5% stake (17.54 crore shares) as the base issue size. Additionally, a green shoe option allows for a further 6.5% stake sale.

The OFS price has been set at ₹275 per share, a 15% discount compared to Thursday’s closing price. The sale opens to non-retail investors on January 10 and retail investors on January 13.

This move follows Adani Enterprises’ recent decision to exit its joint venture stake in Adani Wilmar to comply with minimum public shareholding norms. Adani Commodities currently holds a 43.94% stake, mirrored by Lence Pte., a subsidiary of Wilmar International.

Adani Wilmar shares opened at ₹294.00 today, with an intraday high of ₹299.80 and a low of ₹293.55. The stock is trading closer to its 52-week low of ₹279.00, significantly below the 52-week high of ₹408.95.

Adani Wilmar promoter plans to sell 17.54 crore shares via OFS

Aditya Bhagchandani — Thu, 09 Jan 2025 11:21:37 +0000

Adani Wilmar Limited, one of India’s leading FMCG companies, has announced an Offer for Sale (OFS) by its promoter, Adani Commodities LLP, to meet the regulatory requirements of minimum public shareholding as mandated by the Securities and Exchange Board of India (SEBI). The OFS will see the sale of up to 17.54 crore equity shares, representing 13.50% of the company’s equity capital, with an additional option to sell up to 6.50% more, bringing the total to 20% of the equity capital.

Key Details of the OFS:

Dates:
- January 10, 2025: Offer opens for non-retail investors.
- January 13, 2025: Offer opens for retail investors.
Floor Price: ₹275 per share, providing an attractive entry point for investors.
Retail Discount: No discount offered for retail participants.
Purpose: To comply with SEBI’s minimum public shareholding norms, enhance liquidity, and broaden investor participation.

The move by Adani Commodities LLP aligns with the company’s commitment to ensuring compliance with SEBI regulations that require listed companies to maintain a minimum of 25% public shareholding. By offloading shares through the OFS route, Adani Wilmar aims to enhance liquidity in the stock and attract a broader base of institutional and retail investors.

Adani Wilmar has established itself as a key player in the Indian FMCG market, with popular brands such as Fortune leading the edible oil, food, and personal care segments. The OFS comes at a time when the company is focusing on expanding its product portfolio and strengthening its presence in emerging markets.

The floor price of ₹275 per share represents a strategic pricing decision, aimed at attracting both retail and institutional investors while reflecting the company’s strong fundamentals and growth prospects.

Adani Wilmar shares drop 7% as Adani Enterprises exits Wilmar JV

Aman Shukla — Tue, 31 Dec 2024 04:00:19 +0000

Adani Wilmar Ltd’s stock plunged 7% after Adani Enterprises Ltd (AEL) announced the sale of its entire 44% stake in the joint venture to partner Wilmar International for $2 billion. The agreement involves Adani Commodities LLP, AEL, and Wilmar’s wholly-owned subsidiary, Lence Pte.

As of September 30, Adani Commodities and Lence Pte each held a 43.94% stake in Adani Wilmar, making the combined promoter holding 87.87%. The deal includes a mutual call and put option for the potential sale of up to 403.74 million shares (31.06% of Adani Wilmar’s paid-up equity), capped at Rs 305 per share.

Adani Wilmar shares opened at ₹310, reaching a high of ₹314.35 and a low of ₹304. Currently trading between its 52-week range of ₹279 and ₹408.95, the stock reflects moderate movement.

Adani Wilmar shares drop over 8% amid Adani Group turmoil

Aditya Bhagchandani — Thu, 21 Nov 2024 03:55:01 +0000

Shares of Adani Wilmar fell by 8.30%, closing at ₹299.95 on the BSE, as investor concerns heightened following allegations of fraud and bribery against Adani Group entities.

Key Highlights:

Market Sentiment: Adani Wilmar’s stock faced selling pressure alongside other group companies in light of the allegations involving Gautam Adani and other executives.
Broader Impact: Adani Group companies have seen sharp declines across the board, with Ambuja Cement, Adani Power, and Adani Green Energy also witnessing significant sell-offs.

Concerns Raised:

The allegations have raised concerns regarding governance and transparency across the Adani Group, impacting investor confidence in Adani Wilmar as well.

Investor Outlook:

While Adani Wilmar has not been directly implicated in the fraud allegations, its association with the group has weighed heavily on market sentiment. Investors will be closely monitoring further developments and the group’s response to restore confidence.

Adani Wilmar shares rise over 2.5% on strong Q1 performance

Aditya Bhagchandani — Mon, 08 Jul 2024 04:42:59 +0000

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 stocks lead market rally: ATGL, AdaniENSOL, Adani Power among top gainers

Arunika Jain — Mon, 03 Jun 2024 04:36:49 +0000

The Indian stock market opened on a strong note, with the S&P BSE Sensex hitting a record high of 76,511.45 and the NSE Nifty 50 reaching an all-time high of 22,611.45. Amidst this bullish sentiment, fueled by exit polls predicting a victory for the Bharatiya Janata Party (BJP), Adani Group stocks have witnessed significant gains.

Adani Total Gas Limited (ATGL) shines

Adani Total Gas Limited (ATGL) has emerged as one of the top performers, currently trading at Rs. 1,127.20, up by an impressive Rs. 87.90 or 8.46%. The company’s strong performance can be attributed to its strategic focus on expanding its gas distribution network and the growing demand for cleaner energy solutions.

Adani Wilmar Limited (AWL) gains momentum

Another Adani Group stock, Adani Wilmar Limited (AWL), is trading at Rs. 367.70, up by Rs. 11.95 or 3.36%. AWL, a joint venture between Adani Enterprises and Wilmar International, has benefited from its diversified portfolio of essential kitchen commodities and its expanding presence in the FMCG sector.

Adani Energy Solution (AdaniENSOL) powers ahead

Adani Energy Solution (AdaniENSOL), formerly known as Adani Transmission, is trading at Rs. 1,221.15, up by Rs. 98.35 or 8.76%. The company’s robust performance can be attributed to its strategic investments in power transmission infrastructure and its focus on renewable energy integration.

Adani Power surges on improved prospects

Adani Power, the group’s thermal power generation arm, is trading at Rs. 864.15, up by a substantial Rs. 108.35 or 14.34%. The surge in Adani Power’s stock price reflects the company’s efforts to improve operational efficiency and its growing presence in the power generation sector.

Adani Green rides the renewable energy wave

Adani Green, the renewable energy subsidiary of the Adani Group, is trading at Rs. 2,030.15, up by Rs. 121.80 or 6.38%. The company’s strong performance highlights the increasing global focus on renewable energy and Adani Green’s ambitious plans to expand its clean energy portfolio.

Adani Enterprises leads the pack

Adani Enterprises, the flagship company of the Adani Group, is trading at Rs. 3,696.25, up by Rs. 284.90 or 8.35%. The company’s diverse business interests, including ports, logistics, mining, and solar manufacturing, have contributed to its robust performance.

Adani Ports rides the infrastructure wave

Adani Ports, India’s largest private port operator, is trading at Rs. 1,579.70, up by Rs. 142.30 or 9.90%. The company’s strong performance can be attributed to its strategic port locations, efficient operations, and the expected boost in trade and infrastructure development following the projected BJP victory.

The surge in Adani Group stocks reflects the overall positive sentiment in the Indian stock market, driven by the exit poll predictions and the anticipation of a stable government. However, investors should exercise caution and consider various factors, such as company fundamentals, market conditions, and their own risk tolerance, before making investment decisions.

As the actual election results are yet to be announced, it is crucial for investors to keep a close eye on market developments and make informed decisions based on a comprehensive analysis of the political and economic landscape. The Adani Group’s strong performance amid the market rally highlights its resilience and growth potential, but as with any investment, thorough research and due diligence are essential.

Stock prices as on June 3, 9:51AM.

Adani Wilmar Q4 Results: Net profit surges 67% YoY to Rs 157 crore

Markets Desk — Wed, 01 May 2024 10:21:01 +0000

Adani Wilmar reported a decent set of Q4 results today, May 01. The company’s consolidated net profit for the quarter ended March 2024 rose 67% on a YoY basis to Rs 157 crore from Rs 94 crore in the same period last year (Jan-March 2023). The company’s revenue from operations however fell on a YoY basis but was higher sequentially — at Rs 13,238 crore in Q4FY24 vs 13,878 crore in Q4FY23 and Rs 12,828 crore in Q3FY24.

Adani Wilmar‘s edible oils segment grew by 11% and Food & FMCG by 9% in volume terms, a significant decline in the export business of oil meals dragged down the overall volume growth to 3% YoY in Q4FY24.

SEGMENT WISE PERFORMANCE OF ADANI WILMAR IN Q4FY24

Edible Oils
The edible oil segment recorded revenue of INR 10,195 crores in Q4 and INR 38,788 crores in FY ’24. The volume grew by 11% YoY in Q4 and 9% YoY in FY’24. The domestic branded sales volume grew at a faster clip at 13% YoY in FY’24, compared to overall growth.

Food & FMCG
The Food & FMCG segment recorded revenue of INR 1,341 crores in Q4, with an underlying volume growth of 9% YoY for the quarter. In FY ’24, the domestic revenue and volume both grew by 39%, whereas export volumes of rice declined by 46%, due to export restrictions. As a result, overall Food & FMCG revenue grew by 23% YoY resulting in revenues of INR 4,944 crores. The revenue from branded products in the domestic market has been growing consistently YoY at over 30% for the last ten quarters.

Industry Essentials
The Industry Essentials segment recorded revenue of INR 1,702 crores in Q4 and INR 7,479 crores in FY’24. The segment’s volume declined by 22% YoY in Q4’24. This is due to the decline in the oil meal business by 45%. Oleo-chemicals and Castor businesses grew by 19% and 4% respectively.

Adani Wilmar stock surges over 2% for this reason

Aditya Bhagchandani — Mon, 08 Apr 2024 04:38:20 +0000

Shares of Adani Wilmar surged 2% after the Adani Group witnessed double-digit growth in both edible oils and food businesses during the quarter ended March FY24.

This growth was driven by increased retail penetration, particularly focusing on under-indexed markets. The company also achieved its highest ever volume during the quarter, and it continued to gain market share.

In a regulatory filing, Adani Wilmar said that the company benefited from the strong demand during the festive occasion of Holi and the ongoing wedding season. “The company also achieved its highest ever volume during the quarter and it continues to gain market share,” it stated.

According to Adani Wilmar, the company’s branded edible oils saw a 15% YoY rise in FY24, while the segment as a whole saw a 10% YoY growth. It stated that this is the second year in a row that the branded portfolio has grown more quickly. Despite the increasing quantities, it should be highlighted that FY24’s edible oil prices were lower than those of the prior year, which resulted in lesser revenue.

As of 10:00 am, the shares were trading 2.07% higher at ₹359.50 on the NSE.

Adani Wilmar is a large Indian food company that provides a variety of essential kitchen commodities, including edible oil, wheat flour, rice, pulses, and sugar. It is India’s leading processor of crude palm oil and the largest importer of edible oils into the country. Adani Wilmar also produces a wide range of oleochemicals that are traded internationally.

List of companies owned by Gautam Adani

Matrika Shukla — Wed, 13 Mar 2024 16:47:51 +0000

24th on the Forbes’ 2023 Billionaires’ List, Gautam Adani is the chairperson of the Adani Group which has interests in power generation and transmission, ports, airports, and green energy, among other things. Starting as a commodities trading company in 1988, the Adani Group grew through acquisitions and with the backing of Indian Prime Minister Narendra Modi.

In addition to running the largest airport in India, Adani also owns and operates Gujarat’s Mundra Port.

Here’s a list of companies owned by the Adani Group:

Adani Enterprises

Adani Enterprises is the most significant division of the Adani business. It is a holding company that focuses on the independent mining and trading of coal and iron ore. It also acts as an incubator for Gautam Adani’s numerous other startup companies. Adani Wilmar (food processing), Adani Airport Holdings (airport operations), and Adani Road Transport (road development) are the three primary subsidiaries of Adani Enterprise.

Gautam Adani has various other business interests, which are listed through its other subsidiaries under Adani Enterprise. This covers the production of solar PV modules, data centres, water infrastructure, agri-output storage and distribution, bunkering, rail and metro infrastructure, financial services, real estate, oil exploration, petrochemicals, and cement, as well as defence and aerospace.

Adani Green Energy

Adani Green Energy is one of Gautam Adani’s other significant companies on this list. It is the group’s division for renewable energy. Its portfolio includes solar and wind power plants. It should come as no surprise that Adani Green Energy is, in terms of capacity, the largest solar power developer in the world. They generate 12.3 GW in total capacity. Three additional subsidiary companies that were founded in 2022 further expand this. Adani Renewable Energy Thirty-Six Limited, Adani Renewable Energy Forty Limited, and Adani Renewable Energy Forty-Seven Limited are the new companies.

Adani Ports & SEZ

Additionally, the Adani chairperson developed Adani Ports & SEZ (APSEZ) and increased the company’s port operations. This is India’s largest special economic zone and private port company. Ten ports and terminals located in Dhamra, Odisha; Kattupalli, Tamil Nadu; Vizhinjam, Kerala; and Mundra, Dahej, and Hazira, Gujarat are included in this business. The largest port of all is Mundra Port. As CEO of APSEZ, Karan Adani, the businessman’s son, oversees all operations. Port administration, logistics, and the special economic zone are among the activities conducted at APSEZ.

Adani Power

Adani Power was founded in 1996 and develops and maintains power projects. With a total installed capacity of 12,450 MW, it is the biggest power generation company in the private sector in the nation. In India, the company is working on four thermal power projects.

Adani Transmission

Adani Transmission is the next company on Gautam Adani’s list of owned businesses. The company was established in 2013 and is responsible for the commissioning, upkeep, and operations of electric power transmission systems. The data indicates that it is the biggest power transmission and distribution network in the private sector in India. As of May 2021, 17,200 circuit kilometres of transmission lines with voltages ranging from 400 to 765 kilovolts are maintained, managed, and sustained by the company.

Adani Total Gas

Adani Total Gas is a joint venture between the Adani Group and TotalEnergies, a French oil and gas company, that serves both industrial and residential customers in India. The service is offered by a city gas distribution company through compressed natural gas stations and piped natural gas connections. As of November 2020, it was present as a stand-alone entity in 22 geographical areas (GAs). Indian Oil-Adani Gas Pvt. Ltd. is a joint venture between Adani Total Gas and Indian Oil Corporation. In 19 GAs, it runs city gas distribution networks. When combined with its other business, Adani Total Gas is present in 74 districts with 41 GAs. It is now India’s biggest city gas operator.

Adani Wilmar

Adani Enterprises and Wilmar International, proprietors of the Fortune brand of edible oils, merged to form Adani Wilmar (AWL). The business bought the “Kohinoor” brand from McCormick Switzerland GMBH in May 2022.

In addition to overseeing several businesses, business magnate Gautam Adani is passionate about giving back to the community. To combat the COVID-19 pandemic, the company gave INR 100 crore (about US $13 million) to the PM CARES Fund in 2020. They also donated to the Maharashtra CM Relief Fund and the Gujarat CM Relief Fund. Additionally, the COVID-19 vaccination costs incurred by the staff members and their families were reimbursed by the company.

Adani Wilmar surges 5% post reports of Adani exit from the joint venture

Adnan Nasir — Wed, 09 Aug 2023 04:46:51 +0000

Amid the reports of the Adani Group aiming to focus on its core business and increase its liquidity, a news agency has reported that the conglomerate is looking forward from Adani-Wilmar, its consumer staple joint-venture with Wilmar International.

As per the reports by Bloomberg, the Adani group is considering the sale of its 44 per cent stake in Adani Wilmar, which is currently valued at $6.17 billion.

Chairman of the group, Gautam Adani and his family could retain a minority stake post the sale in a personal capacity.

However, the reports have suggested that the Adani Enterprises might not sell its stake at all as the deliberations are yet at early stage.

The FMCG joint venture between Adani Group and Wilmar Group was incorporated in 1999 with products such as essential kitchen items including edible oil, wheat flour, pulses, rice, and sugar. As of now, the company has 23 plants across 10 stated in India with edible oil brand Fortune as their flagship brand.

Adani Wilmar registered a loss of Rs 79 crore for the first quarter ended June 2023. Compared to the EBIDTA of Q1 in last fiscal year at Rs 443 crore, for the current Q1 it slipped by 71 per cent reaching Rs 130 crore.

Adani’s Wilmar company in Himachal Pradesh raided on allegation of tax irregularities

Aryan Jakhar — Thu, 09 Feb 2023 04:11:01 +0000

The Himachal Pradesh state tax agency raided Adani’s facility in Parvanoo late Wednesday night, marking a significant development.

The action was conducted at Adani Wilmar Group’s C&F outlet in Himachal Pradesh. According to reports, the raid was carried out in response to the State Excise and Taxation Department’s charges of failing to deposit goods and services taxes (GST) for the previous five years.

When the team arrived, the Excise Department’s staff took inventory of the items in the godown and reviewed the required documentation. Notably, there are seven Adani-listed firms that operate in Himachal Pradesh, ranging from fruit cold shops to grocery stores.

This is the first raid on an Adani organisation in the state since Congress took office. It is worth noting that the Congress, along with other opposition parties, has been organising rallies in Parliament, calling for a Joint Parliamentary Committee (JPC) or Supreme Court-monitored investigation into the Adani case.

Notably, the entire controversy arose when the Adani company opted to cancel its Rs 20,000 crore FPO, claiming an “unusual scenario” and market instability. Hindenburg Research, a US-based short seller, produced a report on January 24 alleging that the Adani Group has weak economic fundamentals and was involved in stock manipulation and accounting fraud.

Adani Wilmar Q3 net profit rises 16.5%

Aryan Jakhar — Wed, 08 Feb 2023 10:23:59 +0000

Adani Wilmar announced on February 8 that its net profit increased by 16 percent year on year to Rs 246 crore for the October-December quarter 2022, while its consolidated revenue from operations increased by 7 percent year on year to Rs 15,438 crore.

Volumes increased by 16 percent to 1.47 million tonne as a result of the significant opportunity in the packaged food market, according to Adani Wilmar’s results announcement. “The quarter also saw macro tailwinds in the form of strong demand on the back of festivities and weddings, gradual recovery in rural markets and a bumper kharif crop,” it added.

EBITDA (profits before interest, taxes, depreciation, and amortisation) increased 20.2 percent year on year to Rs 605.3 crore. Margins increased to 3.9 percent from 3.5 percent the previous year.

The company’s outperformer was the Food & FMCG category. This area is expected to generate Rs 4,000 crore in revenue for the fiscal year FY23. The ‘Fortune’ brand increased its market share in the edible oil area from 19.4 percent to 19.5 percent. Adani boosted its market share of castor oil exports from India to 32% in the industry necessities sector.

“We are expanding our product portfolio with region specific products, ready-to-cook products, and category adjacencies. The company is progressing well in the forward integration of its industry essential business, resulting in the growth in sales of specialty chemicals, in addition to the growth in basic oleochemicals from capacity expansion,” Angshu Mallick, managing director & chief executive officer, Adani Wilmar said.

According to the results announcement, the firm feels that there is a significant opportunity in the Food & FMCG area as well as the HoReCa (hotels, restaurants, cafes) consumer segment in the future.

Stocks to watch: Bharti Airtel, Adani Wilmar, Adani Power, Hero MotoCorp and others

Aryan Jakhar — Wed, 08 Feb 2023 03:08:12 +0000

The Indian stock market is expected to begin in the green, according to the SGX Nifty on Wednesday. Nifty futures were trading higher on the Singapore Exchange, at 17797. The BSE Sensex plummeted 221 points to 60,286, while the NSE Nifty 50 slid 43 points to 17,722.

Stocks in focus on 8 February, Wednesday

Bharti Airtel: The telecom operator posted a net profit of Rs 1,588 crore in the fiscal third quarter, falling short of analyst projections. However, profit nearly quadrupled year over year, increasing by 91%. It recorded sales of Rs 35,804 crore for the quarter ending December, up 20% year on year. In addition, the business announced a mobile average revenue per user (ARPU) of Rs 193 in India. The combined EBITDA of the telecoms behemoth was Rs 18,600 crore, rising 24.8% year on year and 5% from the preceding quarter. The business also declared Capex of Rs 9,314 crore for the quarter.

Hero MotoCorp reported a 3.6% year-on-year improvement in standalone net profit at Rs 711 crore for the quarter ended December 2022, driven by other income but hampered by poor operating performance. Revenue for the quarter increased by 1.9% year on year to Rs 8,031 crore, despite a 4% fall in sales volumes. EBITDA declined 3.7% year on year to Rs 924 crore, with the margin falling 70 basis points for the quarter. The corporation declared a Rs 65 interim dividend per share.

Adani Green Energy: The firm said that its fiscal third-quarter consolidated net profit increased 110% year on year to Rs 103 crore, with total revenue increasing 53.5% year on year to Rs 2,258 crore. Total costs increased 44% to Rs 2067 crore in the quarter, up from Rs 1,430 in the previous year. Revenue from electricity delivery climbed 39% year on year to Rs 3,695 crore. As of December 2022, run-rate EBITDA was Rs 7,380 crore, with a net debt to run-rate EBITDA ratio of 5.6x. The greenfield commissioning of 1,915 MW is largely driving the increase in sales, EBITDA, and Cash Profit.

Vodafone Idea: The telecom operator has authorised an allocation of over 1,613.31 crore equity shares to the Government of India at an issue price of Rs 10 per equity share, totaling Rs 16,133.18 crore. The government now owns 33.44% of the corporation after issuance of shares. The government requested last week that Vodafone convert the net present value of the interest amount relating to the postponement of spectrum auction instalments and AGR dues into equity shares.

Adani Ports: The Adani group firm announced net profit of Rs 1,315 crore on Tuesday, down 16% year on year, compared to a 25% increase expected for the quarter ending 31 December 2022. The company’s net revenue for the quarter also fell short of expectations. Revenue for the December quarter was Rs 4,786 crore, up 17.5% year on year from Rs 4,071 crore recorded in the same period last year.

PC Jeweller: A consortium of four banks has issued loan recall notifications to the firm, including IDBI Bank, Indian Bank, Bank of India, and Karur Vysya Bank. The legal processes between State Bank of India (lead bank) and the corporation are still ongoing, with the next hearing scheduled for February 28, 2023. Except for three in Delhi (Preet Vihar, Pitampura, and Kingsway Camp), the company’s showrooms are open.

Infosys: Infosys has announced a cooperation with GE Digital to expedite grid modernization in the utilities industry. Both will use a collaborative go-to-market strategy to provide value-added solutions for grid-related goods and services to their new and existing clients.

Aurobindo Pharma: The company’s step-down subsidiary Aurolife Pharma has gained FDA licence to produce and commercialise Diclofenac sodium topical solution. The topical solution of diclofenac sodium is used to treat knee osteoarthritis. According to IQVIA, the product is projected to be released in Q1FY24 and has a market size of roughly $487 million for the 12 months ending December 2022.

Q3 Earnings Today” Today’s third-quarter results include Shree Cement, Adani Power, Adani Wilmar, Cummins India, Escorts Kubota, Dreamfolks Services, Endurance Technologies, Equitas Small Finance Bank, GATI, Gujarat Pipavav Port, Graphite India, HG Infra Engineering, Honeywell Automation India, IRCON International, ITD Cementation India, Minda Corporation, Samvardhana Motherson International, Nara

Stocks to watch: Adani Wilmar, RIL, CPSEs, Bank of Baroda and more

Aryan Jakhar — Wed, 11 Jan 2023 02:29:57 +0000

After yesterday’s sell-off that tracked advances in US markets, it was anticipated that today’s opening bell would ring in with a modestly upbeat tone. As of 7:20 in the morning, the SGX Nifty January futures were quoted at 17,990, which was higher than the spot Nifty 50’s closing price of 17,914 on Tuesday.

While this is going on, the following stocks are expected to have some movement in their transactions on Wednesday:

Earnings Watch: 5 Paisa Capital and National Standard (India), among other companies, are expected to release their results for the third quarter today.

Adani Wilmar: The firm stated in its business update for the third quarter presented to the BSE that the edible oil sector experienced volume growth in the “high-single-digits,” food and FMCG in the “high-20s,” and industry necessities at over 40 percent.

Reliance Industries: According to the average projections provided by Bloomberg, Reliance, the company that is run by Mukesh Ambani, could publish a mixed set of figures for the third quarter of 2022–2023. The firm may experience an increase in revenue, but there is a possibility that profits may go down by up to 10%.

Sona BLW Precision: After completing the purchase of a 54% share in Novelic, which is situated in Serbia, Sona BLW Precision saw a nearly 6% increase in their stock price on Tuesday. In spite of this, brokerages do not have a strong opinion on the stock due to the near-term issues and prices.

CPSEs: The government is considering including small- and mid-cap central public sector companies (CPSEs) on its list of disinvestment candidates for the following fiscal year. In addition, government officials have dropped hints that efforts are being made to finalise the stock sales of Shipping Corp. and BEML before the end of March.

Sigachi Industries: On Tuesday, the company’s board of directors gave their approval for an increase in the authorised share capital from Rs 32 crore to Rs 42 crore. This increase will be accomplished through the issuance of up to 1.10 crore convertible warrants to the company’s promoters at a price of Rs 285.30 per share.

PC Jeweller: The firm recorded an increase of 38 percent in its Q3 business update, with a revenue of Rs 829.10 crore as compared to Rs 600.18 crore in the same time period in the previous year.

Bank of Baroda: The marginal cost of funds-based lending rate (MCLR) across all tenors has been increased by up to 35 basis points (bps) at the state-owned Bank of Baroda, effective as of January 12th.

Axis Bank: Following the receipt of a rap from Irdai, Axis Bank has engaged into amended arrangements with Max Financial Services in order to buy the remaining 7 percent stock in Max Life Insurance at a price that is equivalent to the fair market value.

Uttam Sugar Mills: The firm has raised its cane crushing capacity from 23,750 TCD to 26,200 TCD, and its distillery capacity for ethanol at the Barkartpur plant has grown from 150 KLPD to 250 KLPD.

GNFC and Indiabulls Housing Finance are the only two stocks that fall under the F&O trading prohibition on Wednesday.

Adani Wilmar’s profit fell by 73% in the September quarter

Aryan Jakhar — Thu, 03 Nov 2022 11:27:25 +0000

On Thursday, Adani Wilmar revealed a 73% decline in second-quarter profit as the Fortune cooking oil manufacturer struggled with input cost inflation.

The combined net profit for the second quarter that ended on September 30 decreased from 1.82 billion Indian rupees to 487.6 million rupees ($5.88 million).

Stocks to watch today: Wipro, Tata Power, Adani Wilmar, HCL Technologies and others

Aryan Jakhar — Thu, 13 Oct 2022 03:19:23 +0000

The Singapore Exchange’s Nifty futures traded 58.5 points, or 0.34 percent, lower at 17,046.5, indicating that Dalal Street will have a bad start to the day on Thursday.

The stocks that will be the focus of today’s focus are listed below:

HCL Technologies: HCL Technologies increased the full-year sales outlook and reported a 7% year-over-year increase in consolidated net profit to Rs 3,489 crore for the September quarter. The net profit for the last fiscal year was Rs 3,259 crore. The revenue for the three months that concluded on September 30, 2022, were Rs 24,686 crore, which is 19.5% more than it was during the same time last year.

Wipro: Due to higher employee costs and lower non-US earnings, the leading provider of IT services announced a 9.3% decline in net profit for the September quarter. In the period from July to September, the company’s profit attributable to equity shareholders decreased by 9.27% to Rs 2,659 crore from Rs 2,930 crore.

Hindustan Zinc: According to Department of Investment and Public Asset Management (Dipam) Secretary Tuhin Kanta Pandey, the government will sell a portion of its remaining ownership in Vedanta-controlled Hindustan Zinc (HZL) in the current fiscal. By November or December, a request for expressions of interest (EoI) would be made in relation to the strategic sales of Container Corporation (ConCor) and the two former Air India subsidiaries, Air Transport Services and Air India Engineering Services.

Tata Power: The business will build a seven MW solar plant for Tata Motors at its Pantnagar manufacturing location in Uttarakhand. Over 1.7 lakh tonnes of carbon emissions could be reduced by the 215 million units of electricity that this project is anticipated to produce.

Adani Wilmar: The company anticipates low single-digit revenue increase for the September FY23 quarter compared to the same period last year, while low double-digit revenue growth is anticipated for the first half of FY23. The food and FMCG basket maintained a growth trajectory similar to that of earlier quarters, growing by more than 40%. Nearly 20% growth was also seen in its core industries business during both the quarter and H1.

IOC, BPCL, and HPCL: To ease financial strains and make up for losses on LPG sales in the domestic market over the previous two years, the Union Cabinet has approved a one-time grant of Rs 22,000 crore for the three oil marketing companies Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation (HPCL). The award will help the fuel merchants address the under-recoveries that emerged over the course of these two years.

BHEL: According to a press statement from the firm, Bharat Heavy Electricals Limited (BHEL) has engaged into strategic MoUs with Coal India Limited (CIL) and NLC India Limited (NLCIL) for the construction of coal gasification-based plants. According to the press release, BHEL will establish two projects under these MoUs: a lignite-based gasification pilot plant with NLCIL for electricity production, and a coal-to-ammonium nitrate project with CIL based on the gasification of high ash Indian coal.

Adani Wilmar, IRCTC, and HAL are a some of the stocks that could be added to the Nifty Next 50 Index

Aryan Jakhar — Wed, 17 Aug 2022 06:40:20 +0000

The September 2022 Rejig for Nifty Indices has been the subject of a preventative investigation by Edelweiss Alternative & Quantitative Research. The list will be formally announced by the Index provider in the second half of August 2022.

According to the brokerage and research business, Adani Wilmer (AWLTD), Indian Railway Catering and Tourism Corporation (IRCTC Ltd), Motherson, Bharat Electronics Ltd (BEL), and Hindustan Aeronautics Ltd. may be included in the Nifty Next 50 index (HAL).

However, according to Edelweiss, Lupin Ltd (LPC), Jubilant Foodworks (JUBI), Zydus Lifesciences (ZYDUSLIF), Punjab National Bank (PNB), and Steel Authority of India are likely to be excluded from the index (SAIL).

Meanwhile, Adani Enterprises has a good possibility of unseating Shree Cements in the Nifty 50 index, per Edelweiss’ early estimate. “Adani Enterprises has moved up appx 42% (CMP- INR 3,013 vs 30 May price- INR 2,130) and SRCM is down by 4% (CMP- INR 21,575 and 30 May price- INR 22,400). As we have been highlighting the momentum will continue till the rebalance date as both the stocks have limited free float,” it said.

The Nifty 50 index will undergo its impending semi-annual revisions, which will primarily be disclosed next week and take effect on September 30, 2022.

Adani Wilmar shares in lower circuit for third time in a row

News Desk — Thu, 26 May 2022 05:53:03 +0000

Adani Wilmar’s share has plunged following the central government’s decision to exempt customs duty and Agri cess on yearly imports of crude soyabean and sunflower oil until March 2024. Today, the Adani Wilmar share price opened lower and went on to make an intraday low of 631.65 per share, hitting the lower circuit for the third consecutive session.

According to stock market experts, rising input costs and lower edible oil prices in the domestic market may continue to dictate edible oil maker stocks, and thus one should avoid taking new positions on the counter.

Exemption on Custom duty and Agri Cess

“To contain domestic inflation and rising edible oil prices. The Government of India (GoI) has announced the exemption on customs duty. And Agri cess on yearly imports of crude soyabean and sunflower oil till March 2024. This means, edible oil prices are expected to go down in the near term. Which may lower the quarterly numbers of the company. So, Adani Wilmar shares are expected to remain in a downtrend in the near term. One should avoid taking any fresh position. And those who have this stock in their portfolio should maintain strict stop loss on a closing basis”. Said Avinash Gorakshkar, Head of Research at Profitmart Securities.

Adani Wilmar share price has been under consolidation phase for last one month. In last one month, it has tumbled near 21 per cent. However, the stock is one of the multibagger stocks in 2022 as it has delivered near 135 per cent return to its shareholders in 2022.

Adani Wilmar buys Kohinoor Brand Rice for an undisclosed amount

Keertiman Upadhyay — Tue, 03 May 2022 05:27:23 +0000

On Tuesday, May 3, FMCG giant Adani Wilmar Ltd (AWL) announced the acquisition of several brands in the food industry. The edible oil manufacturer acquired a famous rice brand ‘Kohinoor’ for an undisclosed amount.

Adani Wilmar bought the rice brand from McCormick Switzerland GMBH & with this, it has gained exclusive rights over Kohinoor Basmati rice & other products in the portfolio. Adani Wilmar plans to enter into the premium segment with the acquisition of the Kohinoor brand. The Kohinoor brand consists of three different classes: Kohinoor- for premium rice, Charminar- for affordable rice & Trophy- for the HORECA industry.

“Adani Wilmar is pleased to welcome Kohinoor brand to the Fortune family. Kohinoor is a trusted brand which represents the authentic flavours of India and is loved by consumers. This acquisition is in sync with our business strategy to expand our portfolio in the higher margin branded staples and food products segment. We believe the packaged food category is under-penetrated with significant headroom for growth. The Kohinoor Brand has a strong brand recall and will help accelerate our leadership position in the Food FMCG category,” said CEO & MD Angshu Mallick.

On May 2, Adani Wilmar Ltd (AWL) reported its financial results for the fourth quarter ended on March 2022. Revenue from operations surged 46.2% YoY to Rs 54,214 crore in FY21-22 making it India’s largest fast-moving consumer goods (FMCG) company. Adani Wilmar has surpassed Hindustan Unilever (HUL) & took the first position as an FMCG giant. HUL has reported annual revenue of Rs 51,468 crore for FY21-22.

Adani Wilmar becomes India’s largest FMCG company as revenue surges 46% YoY

Keertiman Upadhyay — Mon, 02 May 2022 14:21:23 +0000

On Monday, May 2, Adani Wilmar Ltd (AWL) reported its financial results for the fourth quarter ended on March 2022. Revenue from operations surged 46.2% YoY to Rs 54,214 crore in FY21-22 making it India’s largest fast-moving consumer goods (FMCG) company.

Adani Wilmar has surpassed Hindustan Unilever (HUL) & took the first position as an FMCG giant. HUL has reported annual revenue of Rs 51,468 crore for FY21-22.

The edible oil company reported a 26% YoY decline in the net profit at Rs 234 crore in Q4. In the same quarter the previous year, the company had recorded a net profit of Rs 315 crore. Billionaire Gautam Adani launched Adani Wilmar in partnership with the Wilmar Group of Singapore.

The company has been recently listed on the stock exchange after it raised Rs 3,600 via initial public offering (IPO). Today, Adani Wilmar shares were trading in red, the shares closed 3.70% lower at Rs 751.50/piece on the National Stock Exchange (NSE).

Adani Wilmar’s Rs 3,600 crore IPO oversubscribed by 18 times

News Desk — Mon, 31 Jan 2022 12:23:36 +0000

The edible oil major Adani Wilmar’s Rs 3,600 crore IPO was oversubscribed by 18 times on the last day of the bidding, data available on exchanges showed. The maiden public offer of the company opened for subscription on January 27 and the company had fixed the price band of the issue at Rs 218 to Rs 230 per equity share.

On closing of the issue, the portion set aside for qualified institutional buyers was subscribed more than 6 times, HNI more than 59 times, while the retail portion was booked more than four times, showed data.

Strong demand for the IPO is the basis of the company’s future growth potential and sustained growth in the previous years, with leadership in the edible oil market. The company further plans to expand its product portfolio by introducing more staples and other products, the management of the company said in a media conference earlier.

Adani Wilmar raises Rs 940 crore from anchor investors

News Desk — Tue, 25 Jan 2022 16:23:52 +0000

Adani Wilmar garnered Rs 940 crore from anchor investors, allocating 4.09 crore equity shares at Rs 230 per equity share — the upper price band of the offer, the company said on Tuesday.

The edible oil maker’s Rs 3,600 crore IPO will open for subscription on January 27 and the offer will close for subscription on January 31. Prior to filing the final documents with the market regulator, the company had trimmed its IPO size from Rs 4,500 crore earlier to Rs 3,600 crore, waiving off Rs 900 crore planned for general corporate purposes.

The government of Singapore was the top bidder in the anchor book, picking up shares worth Rs 368 crore or 39% of the anchor book. Societe Generale, Monetary Authority of Singapore, HDFC Mutual Fund, Aditya Birla Sun Life Mutual Fund, Nippon India Mutual Fund, and Jupiter India Fund were among other top investors that participated in the anchor book.

The IPO proceeds will be used for capital expenditure, debt repayment, and funding acquisitions and investments. Currently, six Adani group companies are listed on domestic bourses. Apart from Adani Enterprises, other listed ones are Adani Transmission, Adani Green Energy, Adani Power, Adani Total Gas, and Adani Ports and Special Economic Zone.

(With inputs from PTI)

Adani Wilmar draws down IPO size to Rs 3600 crore: Report

Malvika Choudhary — Fri, 14 Jan 2022 13:51:38 +0000

Edible oil major Adani Wilmar Ltd (AWL) has drawn down the size of its initial share-sale to Rs 3,600 crore from the Rs 4,500 crore finagled before, it was reported on Friday. Out of the IPO proceeds, Rs 1,900 crore will be used for capital expenditure. Rs 1,100 crore will be used for the repayment of debt and Rs 500 crore in funding strategic assets and investments.

According to the draft red herring prospectus, it was keen on raising Rs 4,500 crore from the market by issuing fresh shares. The move to shorten the IPO size is perceived to be an exemplary move by investors as the problem size optimisation will help the company have a better return of capital employed (ROCE) and return on equity (ROE).

The 50:50 joint-venture entity between Ahmedabad-based Adani Group and Singapore’s Wilmar International is not only billionaire Gautam Adani’s flagship consumer goods company. It is also one of the largest fast-moving consumer goods (FMCG) giants in the country that is now going public.

The company might purchase a model or a company engaged in meals, staples and value-added product classes. AWL, which is among the multiple main meals FMCG firms in India with revenues of Rs 37,195 crore, plans to aggressively take a look at M&A (merger and acquisition) prospects within the meals area.

Adani Wilmar introduces its physical store Fortune Mart in 6 states

Ayisha Farah — Tue, 28 Sep 2021 07:18:04 +0000

Adani Wilmar, a fast-moving consumer goods firm that sells a variety of edible oils and food commodities under the Fortune brand, is set to open physical stores called Fortune Mart to market products by Fortune and other Adani Wilmar.

The company has opened up 12 Fortune Mart stores in Rajasthan, Uttar Pradesh, Gujarat, Madhya Pradesh, Maharashtra, and West Bengal. The firm plans to increase its footprint in India’s north and eastern parts in the coming quarter. Adani Wilmar is opting for the franchise route to open up these stores.

“Fortune has become a household name and the most popular and preferred food brand in the country. The rollout of Fortune Mart stores aims to leverage the brand equity Fortune has established over the last two decades. The Fortune Mart stores will also supplement our wide retail reach,” Angshu Mallick, MD and CEO, Adani Wilmar said as quoted by Mint. “We aim to have a presence across the metros as well as tier I and II cities in the coming months,” he further added.

The Fortune Mart stores will mainly sell Adani Wilmar brands such as Fortune, King’s, Aadhar, Raag and Wilshort (bakery).

The company manufactures a variety of edible oils such as soya, sunflower, mustard, rice bran, groundnut and cottonseed. It has also started the division of value-added oil. It markets branded basmati rice, atta, pulses, soya chunks, besan, sattu, sugar, and also ready to cook products such as khichdi and soya chunks.

Fortune Mart will also market recently initiated personal care products such as soap, hand wash, and sanitisers, which is marketed under the brand name Alife. The stores will also include a live bakery for bakery items such as cookies and puffs.

SEBI puts hold on Adani Wilmar’s Rs 4,500 crore IPO

Vandana Nampoothiri — Sat, 21 Aug 2021 05:12:24 +0000

Market regulator Securities and Exchange Board of India (SEBI) has put on hold Adani Wilmar’s Rs. 4500 crores initial public offering (IPO). The IPO was stalled due to an investigation that is pending against the port to energy entity of Adani group.

The market regulator said on its website that Adani Wilmar’s IPO is “kept in abeyance” due to the investigation against the company.

According to SEBI’s policy, if one department of the regulator is investigating a company, a related entity that has filed for an IPO may not get approval for 90 days. This delay can be further extended by another 45 days.

A spokesperson of Adani Wilmar told MoneyControl that they have not received any formal communication from SEBI.

Adani Enterprises is under investigation due to foreign portfolio investments (FPI) from entities registered in Mauritius. “As regards the query raised by you about the FPI, we would like to mention that we have communicated to media and the public at large that the group has no connection with the FPIs, either directly or indirectly.” Adani spokesperson told MoneyControl.

Adani Wilmar is a joint venture between Adani Enterprises and the Wilmar Group. The company has 22 manufacturing units across 10 states. The company reported a net profit of Rs. 654.56 crore in the financial year 2020-21.

Here are some risk factors in Adani Wilmar IPO mentioned in DRHP

Sneha Sengupta — Sun, 08 Aug 2021 05:51:09 +0000

On August 2, Adani Wilmar registered multiple internal and external probable risk factors that could affect the business significantly in the Draft Red Herring Prospectus (DRHP) issued with market regulator Securities and Exchange Board of India (SEBI). The company filed draft papers for its 4,500 crore initial public offering (IPO).

The potential risk factors presented by the company are:

> Modern trade networks like hypermarkets, supermarkets and online retailers may deeply hinder the pricing ability, which can simultaneously deter the operations and financial condition of the company.

“India has recently witnessed the emergence of supermarket and hypermarket chains and online retailers and the market penetration of large-scale organized retail in India is likely to increase further. While we believe this provides us with an opportunity to improve our supply chain efficiencies and increase the visibility of our brands, it also increases the negotiating position of such stores. We cannot assure you that we will be able to negotiate new distribution agreements or renegotiate our existing distribution agreements going forward, especially our pricing or credit provisions, on terms favourable to us, or at all,” Adani Wilmar added.

> Wilmar meticulously noted that the intensity of competition could perhaps degrade its market share volume.

“Competition in the industries in which we operate could result in a reduction in our market share or require us to incur substantial expenditure on advertising and marketing, either of which could adversely affect our business, results of operations and financial conditions,” Wilmar averred in a note.

> The company firmly showcased the drawbacks of this unprecedented crisis that heavily impacted the pricing of its products.

“Although the prices for our products had risen due to them being food, industrial and essential commodities which are non-discretionary in nature, as well as due to the increase in stockpiling of such products, we cannot assure you that the prices of our products will not be adversely affected by the COVID-19 pandemic,” Adani Wilmar stated in the DRHP.

> Adani Wilmar asserted that in case if the inflation rate keeps rising in India then hiked rates could influence the profit margin to decline rapidly.

“High fluctuations in inflation rates may make it more difficult for us to accurately estimate or control our costs. Any increase in inflation in India can increase our expenses, which we may not be able to adequately pass on to our clients, whether entirely or in part, and may adversely affect our business and financial condition, he concluded”

Adani Wilmar files DRHP with SEBI, aims to raise 4,500 crore

Vandana Nampoothiri — Tue, 03 Aug 2021 08:24:19 +0000

FMCG giant Adani Wilmer filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on Monday, August 2. The company aims to raise Rs 4,500 via the initial public offering (IPO).

According to MoneyControl, there will not be any secondary offering. The listing of Adani Wilmar on the stock exchange will further the growth of the company’s operations by increasing its market visibility and awareness among current and potential customers.

The proceedings from the IPO will be used for the expansion of existing manufacturing facilities and the development of new manufacturing facilities. It will also be used for the repayment of the company’s borrowings.

Adani Wilmar aims to be the largest food company in India by 2027. As of March 2021, the market share of its branded edible oil was 18.30%. Along with Adani Wilmar, companies like Gemini Edibles are also planning to open an IPO to raise Rs 1,500 crore to Rs 1,800 crore.

In the financial year 2021-22 (FY21), Adani Wilmar became one of the fastest-growing packaged food companies in the country. In FY21, it registered a growth of 24% in its revenues.

Talking about the risk factors, the company said in the DRHP, “India has recently witnessed the emergence of supermarket and hypermarket chains and online retailers and the market penetration of large-scale organized retail in India is likely to increase further.

While we believe this provides us with an opportunity to improve our supply chain efficiencies and increase the visibility of our brands, it also increases the negotiating position of such stores. We cannot assure you that we will be able to negotiate new distribution agreements or renegotiate our existing distribution agreements going forward, especially our pricing or credit provisions, on terms favourable to us, or at all.”