Poster in Jan 22, 2025 14:27:23

Adani Wilmar shares in focus after Q3 update: Revenue up 33% YoY

Adani Wilmar shares in focus after Q3 update: Revenue up 33% YoY

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The focus on Adani Wilmar's share price on Monday remained on the company's earnings, which rose 6% year-on-year in the quarter ended December 31, 2024, after the company reported a 33% increase in revenue for the quarter ended December 31, 2024, the company informed the exchanges on Saturday. The growth was achieved despite significant price hikes due to rising raw material prices, the company's filing claimed.

Consumers saw a decline in transactions in edible oils, but the company maintained its market share with a diversified portfolio of brands at different price points. In the food segment, prices of key products such as wheat flour, rice, pulses, dal, poha and sugar remained strong.

Source: Online/OFA

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