Adani Wilmar net profit declines 26% to Rs 219.2 crore in March quarter

Its food and FMCG portfolio stood at 0.64 MT in FY22, compared with 0.47 MT in FY21, registering a growth of 34 per cent

The net profit of Adani Wilmar fell 26 per cent year-on-year (YoY) to Rs 219.2 crore in the March quarter of financial year 2021-22 (Q4FY22) on the back of higher tax expense.

In the quarter, the edible oil major’s revenue from operations rose 40.2 per cent YoY to Rs 14,960.4 crore. “We have delivered steady growth in spite of the challenging macro environment. The food and FMCG segment registered double-digit growth. We have continued to improve our market share across edible oil and food categories,” Angshu Mallick, managing director and chief executive officer of Adani Wilmar, was quoted as saying