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Adani Wilmar Ltd News

No change in strategy, focus: Adani Wilmar Deputy CEO & CFO, and MD & CEO

We are considering a couple of options for the name change. And of course, when Adani exists, they would certainly not like to have Adani name being associated with the company, Shrikant Kanhere said

No change in strategy, focus: Adani Wilmar Deputy CEO & CFO, and MD & CEO
Updated On : 27 Jan 2025 | 11:31 PM IST

Adani Wilmar Q3 results: Net profit more than doubles to Rs 411 crore

Adani Wilmar on Monday posted over twofold jump in consolidated net profit at Rs 410.93 crore for December quarter 2024-25 on strong edible oil sales. The company had logged a net profit of Rs 200.89 crore in the year-ago period. Total income rose to Rs 16,926 crore during the quarter from Rs 12,887.21 crore in the corresponding period of the previous year, according to a regulatory filing. Revenue from edible oil segment increased to Rs 13,386.71 crore from Rs 9,710.82 crore in the year-ago period. Revenue from 'food and FMCG' segment rose to Rs 1,558 crore from Rs 1,273 crore, while revenue from 'industry essentials' increased to Rs 1,914.59 crore from Rs 1,844.12 crore. Expenses remained higher at Rs 16,379.76 crore as against Rs 12,606.26 crore. Adani Wilmar Managing Director and CEO Angshu Mallick said: "The company has been delivering strong profits over the last five quarters. We have delivered record profits during the quarter, with EBITDA at Rs 792 crore and PAT at Rs 41

Adani Wilmar Q3 results: Net profit more than doubles to Rs 411 crore
Updated On : 27 Jan 2025 | 3:22 PM IST

Tata Motors, IndusInd Bank, Axis Bank, Jio Fin, others hit 52-week lows

Shares of MRF, Astral, 3M India, Adani Wilmar, Godrej Properties, IDFC First Bank, Star Healthcare, Sona BLW and Procter & Gamble Hygiene from the BSE 200 index hit 52-week lows

Tata Motors, IndusInd Bank, Axis Bank, Jio Fin, others hit 52-week lows
Updated On : 27 Jan 2025 | 12:18 PM IST

Adani Wilmar starts Rs 1,300-cr food processing plant in Haryana's Sonepat

Edible oil firm Adani Wilmar Ltd has commenced operation of its food processing plant at Sonepat, Haryana, which it has established with an investment of nearly Rs 1,300 crore. In a regulatory filing on Thursday, Adani Wilmar said the company has commenced operations at its integrated food processing plant in Gohana, District Sonepat. "This food complex is one of the largest in the country built with a capital outlay of Rs 1,298 crore coming from IPO proceeds," the company said. The plant will help generate 2,000 direct and indirect employment in Haryana. The facility spread across 85 acres, has a total annual production capacity of 6.27 lakh tonnes. The plant will manufacture 4,50,000 tonnes of food products including rice, wheat flour, suji, rawa, and maida, along with 2 lakh tonnes of edible oils such as mustard oil, rice bran oil, and cottonseed oil, apart from Mustard DOC and Ricebran DOC for animal feed. Last month, business conglomerate Adani Group announced its exit from A

Adani Wilmar starts Rs 1,300-cr food processing plant in Haryana's Sonepat
Updated On : 24 Jan 2025 | 10:22 PM IST

Adani Wilmar stks fall below OFS floor price; at lowest level since Feb'22

The company's stock hit an over two-year low of Rs 267.45, tanking 17% in two days and falling below its floor price of Rs 275 fixed for the offer for sale

Adani Wilmar stks fall below OFS floor price; at lowest level since Feb'22
Updated On : 13 Jan 2025 | 11:31 AM IST

Adani Group raises Rs 4,850 cr from 13.5% stake sale in Adani Wilmar

Adani Group on Friday raised Rs 4,850 crore from the sale of 13.5 per cent of its stake in Fortune oil maker Adani Wilmar as part of a strategy to exit non-core activities to focus on main infrastructure business. The conglomerate, which last month announced its exit from Adani Wilmar by selling the bulk of its stake to a joint venture partner, had on Thursday announced sale of 17.54 crore shares (13.50 per cent equity) in the company on January 10 (to non-retail investors) and on January 13 (to retail investors) at a floor or minimum price of Rs 275 apiece. The offer for sale (OFS) included an option to additionally sell up to 8.44 crore shares, or 6.50 per cent equity. Adani Commodities LLP, a subsidiary of Adani Enterprises Ltd, completed the offer for sale (OFS) for 13.5 per cent stake in Adani Wilmar to non-retail investors on Friday, according to information available from stock exchange filings. The transaction saw massive demand from a diverse set of marquee international a

Adani Group raises Rs 4,850 cr from 13.5% stake sale in Adani Wilmar
Updated On : 10 Jan 2025 | 8:53 PM IST

Adani Wilmar shares slide 9% as Promoter begins partial stake sale via OFS

Adani Wilmar OFS: Adani Commodities LLP will offlead 13.5 per cent stake via the OFS. It will have the right to sell an additional 6.5-per cent stake

Adani Wilmar shares slide 9% as Promoter begins partial stake sale via OFS
Updated On : 10 Jan 2025 | 10:09 AM IST

Adani Commodities to offload 20% stake in Adani Wilmar through OFS

The floor price for the OFS is set at Rs 275, offering a 15% discount to the current market price

Adani Commodities to offload 20% stake in Adani Wilmar through OFS
Updated On : 09 Jan 2025 | 5:49 PM IST

Adani Wilmar to expand FMCG portfolio, emulates ITC post-Adani group exit

Adani Wilmar Ltd (AWL), India's largest edible oil company, is adopting a strategy similar to ITC's by leveraging its core business and extensive distribution network to drive growth in its high-margin FMCG portfolio after the Adani group exit, according to sources. Just as ITC used its strong cigarette business to expand into FMCG, AWL is set to use its dominant edible oil business as a foundation for FMCG growth. Following the exit of the Adani Group, Wilmar may further capitalise on this approach by introducing more global FMCG brands into the Indian market, sources aware of the matter said. In the December quarter, AWL's FMCG business achieved a 24 per cent year-on-year growth in volume, underscoring its efforts to expand both its food and FMCG product offerings. Consequently, the share of food and FMCG in overall volumes increased to 20 per cent, while its share in total revenues rose to 9 per cent, up from 10 per cent and 5 per cent, respectively, in FY21. This shift mirrors

Adani Wilmar to expand FMCG portfolio, emulates ITC post-Adani group exit
Updated On : 05 Jan 2025 | 7:29 PM IST

Adani Wilmar sees 6% rise in sales volume in Q3, revenue grows 33%

Adani Wilmar, which sells edible oils and other food items, on Saturday reported a 6 per cent annual growth in sales volumes and a 33 per cent increase in revenue in the December quarter. Adani Wilmar, established jointly by Adani Group and Singapore Wilmar Group in 1999 markets its products mainly under Fortune brand. Adani Group recently announced its exit from the joint venture by divesting its entire 44 per cent stake to Wilmar group as well as open market sale. In a regulatory filing on Saturday, Adani Wilmar said the company "achieved a healthy volume growth of 6 per cent year-on-year in Q3 (December quarter), despite significant price hikes driven by surge in raw material costs". Revenue grew 33 per cent year-on-year, it added. "In the edible oils segment, although there was downtrading among consumers, the company maintained its market share by its strategy of having a diverse portfolio of brands at various price points," Adani Wilmar said. The company reported 4 per cent

Adani Wilmar sees 6% rise in sales volume in Q3, revenue grows 33%
Updated On : 04 Jan 2025 | 10:17 PM IST

Lupin, IREDA, AWL: These 4 buzzing stocks can rally up to 28%; hint charts

IREDA stock is seen attempting a breakout on the daily scale, while SJVN is testing support at the key monthly moving average, which the stock has held since August 2020; shows the technical charts.

Lupin, IREDA, AWL: These 4 buzzing stocks can rally up to 28%; hint charts
Updated On : 01 Jan 2025 | 11:42 AM IST

JPMorgan maintains 'Underweight' rating on Adani Wilmar; share tanks 8%

The sharp decline was triggered by reports revealing that JPMorgan, the New York-based financial giant, maintained its 'Underweight' rating on the stock for a target price of Rs 320

JPMorgan maintains 'Underweight' rating on Adani Wilmar; share tanks 8%
Updated On : 31 Dec 2024 | 9:56 AM IST

Adani Enterprises to exit consumer goods joint venture with Wilmar Intl

Wholly-owned subsidiary of Wilmar Lence Pte Ltd will acquire up to 31.06 per cent of AWL's equity shares held by Adani Commodities LLP (ACL) via call or put options

Adani Enterprises to exit consumer goods joint venture with Wilmar Intl
Updated On : 30 Dec 2024 | 3:49 PM IST

Adani Ent to exit Adani Wilmar JV; Group shares rally up to 15% in weak mkt

AEL will use the proceeds from the sale to turbocharger its investments in the core infrastructure platforms in energy & utility, transport & logistics and other adjacency in primary industry.

Adani Ent to exit Adani Wilmar JV; Group shares rally up to 15% in weak mkt
Updated On : 30 Dec 2024 | 3:55 PM IST

Adani Group shares trade firm; Power, Green Energy stocks gain up to 9%

Adani Green Energy Twenty Five, a step-down subsidiary of Adani Green, has commissioned a 250 MW solar power project at Rajasthan

Adani Group shares trade firm; Power, Green Energy stocks gain up to 9%
Updated On : 12 Dec 2024 | 12:10 PM IST

Adani Group shares rally for 2nd day; Adani Green, Total Gas zoom up to 19%

At 11:09 am; Adani Total Gas was trading 14% higher, while Adani Green and Adani Energy Solutions were locked in the 10% upper circuit, as compared to nearly 1% decline in the BSE Sensex.

Adani Group shares rally for 2nd day; Adani Green, Total Gas zoom up to 19%
Updated On : 28 Nov 2024 | 12:10 PM IST

Adani group shares surged up to 6% today; here's what triggered the rally

Adani Green Energy clarified today that allegations against Gautam Adani, Sagar Adani, and senior executive Vneet Jaain under the US FCPA by the US Department of Justice are "incorrect."

Adani group shares surged up to 6% today; here's what triggered the rally
Updated On : 27 Nov 2024 | 10:56 AM IST

Adani, Wilmar delay share sale as US bribery charges hit Adani group

Adani Wilmar Ltd., an equal joint venture between India's Adani Group and the Singapore-based commodity trader, was slated to start the share sale this month to comply with local securities law

Adani, Wilmar delay share sale as US bribery charges hit Adani group
Updated On : 26 Nov 2024 | 3:29 PM IST

Adani shares crack up to 8% on Fitch downgrade; Green, Energy at 52-wk lows

In the past one week, the market price of Adani Green Energy and Adani Energy Solutions tanked 37 per cent and 32 per cent, respectively.

Adani shares crack up to 8% on Fitch downgrade; Green, Energy at 52-wk lows
Updated On : 26 Nov 2024 | 11:13 AM IST

Adani Group shares surge up to 7%; extend recovery post Maha poll verdict

Last week, shares of Adani Group tanked up to 28% after Gautam Adani, along with other executives, were charged by US prosecutors with bribery, fraud charges.

Adani Group shares surge up to 7%; extend recovery post Maha poll verdict
Updated On : 25 Nov 2024 | 12:32 PM IST