Revenue for the full year (FY24) stood at Rs 51,262 crore as the food and FMCG segment reached the Rs 5,000 crore milestone, almost doubling in two years, the company said in a statement.
The company recorded revenue of Rs 13,238 crore in the fourth quarter (Q4).
The company said that while edible oils grew by 11 per cent and food and FMCG by 9 per cent in volume terms, overall volume growth in the fourth quarter was 3 per cent (YoY) due to a significant decline in oil meal export business. .
Angshu Mallick said, “We have seen strong volume growth in our edible oils and food business due to increased retail penetration. A focused approach in sales, marketing and regional approach in each category is capturing market share from local players." MD & CEO, Adani Wilma Limited.
In FY 2024, the food and FMCG business reached 1 million metric tons (MT) in sales and the company crossed 6 million metric tons in total sales.
"The food and FMCG segment reported revenue of Rs 1,341 crore in the fourth quarter, with volume growth of 9 per cent year-on-year for the quarter," Mallick said.
The company is gaining market share in its key products.
Among edible oils, Adan Wilmar's ROCP (Refined Oil Consumer Pack) market share increased by 60 bps to 19 per cent on moving annual total (MAT basis).“Our market share in wheat flour has increased by 60 bps to 5.6 per cent,” the company said.
The edible oils segment reported revenues of Rs 10,195 crore in Q4 and Rs 38,78 crore in FY24.
Volume increased 11 percent year-over-year and 9 percent year-over-year in the fourth quarter.
The 'Industry Essentials' segment reported revenue of Rs 1,702 crore in Q4 and Rs 7,479 crore in FY24.
"Improvement in branded mix of edible oils during the year has led to better profits for the company in the second half, with PAT of Rs 358 crore and Rs 404 crore in H2024 on consolidated and standalone basis respectively," Mallick said." .
The company recorded revenue of Rs 13,238 crore in the fourth quarter (Q4).
The company said that while edible oils grew by 11 per cent and food and FMCG by 9 per cent in volume terms, overall volume growth in the fourth quarter was 3 per cent (YoY) due to a significant decline in oil meal export business. .
Angshu Mallick said, “We have seen strong volume growth in our edible oils and food business due to increased retail penetration. A focused approach in sales, marketing and regional approach in each category is capturing market share from local players." MD & CEO, Adani Wilma Limited.
In FY 2024, the food and FMCG business reached 1 million metric tons (MT) in sales and the company crossed 6 million metric tons in total sales.
"The food and FMCG segment reported revenue of Rs 1,341 crore in the fourth quarter, with volume growth of 9 per cent year-on-year for the quarter," Mallick said.
The company is gaining market share in its key products.
Among edible oils, Adan Wilmar's ROCP (Refined Oil Consumer Pack) market share increased by 60 bps to 19 per cent on moving annual total (MAT basis).“Our market share in wheat flour has increased by 60 bps to 5.6 per cent,” the company said.
The edible oils segment reported revenues of Rs 10,195 crore in Q4 and Rs 38,78 crore in FY24.
Volume increased 11 percent year-over-year and 9 percent year-over-year in the fourth quarter.
The 'Industry Essentials' segment reported revenue of Rs 1,702 crore in Q4 and Rs 7,479 crore in FY24.
"Improvement in branded mix of edible oils during the year has led to better profits for the company in the second half, with PAT of Rs 358 crore and Rs 404 crore in H2024 on consolidated and standalone basis respectively," Mallick said." .
