Page 4 - Adani Wilmar

Adani Enterprises considering sale of 44% stake in Wilmar Venture

The conglomerate has been considering a potential sale of its 44% stake in Adani Wilmar Ltd. for a few months, the people said, asking not to be identified as the information is confidential

Adani Wilmar posts Rs 79 cr loss in June quarter due to lower income

Edible oil major Adani Wilmar on Wednesday reported a net loss of Rs 79 crore in the June quarter due to lower income amid fall in prices of cooking oils. The company had posted a net profit of Rs 194 crore in the year-ago period. Total income fell 12 per cent to Rs 12,928 crore during the April-June period of this fiscal from Rs 14,724 crore in the corresponding period of the previous financial year, Adani Wilmar said in a regulatory filing. Adani Wilmar sells edible oils and other food items under Fortune Brand. "We have regained the momentum in our edible oil business with the decline in the edible oil prices. The soft prices of edible oil are expected to augur well for the industry," Angshu Mallick, MD & CEO of Adani Wilmar Ltd, said. The company is gaining good share from regional brands in the under-indexed customer segments with marketing and sales focus on specific geographies and oil categories, he added. To capture the opportunity in the value-added blended oils, Mallic

Adani grp shares in focus; Adani Green, Transmission, Power rally up to 10%

Adani Green Energy (up 10% at Rs 1,089.15), Adani Total Gas (up 5% at Rs 662.45), and NDTV (up 5% at Rs 238.75) were locked in their respective upper circuit limits

Offering all necessary assistance to Adani Wilmar: Jumbotail on FIR

B2B e-commerce firm Jumbotail on Sunday said it is offering all necessary assistance to identify vendors from whom counterfeit Fortune brand oil products were shipped to its warehouse. Edible oil major Adani Wilmar has lodged a police complaint against Nexus Venture and Kalakar Capital-backed Jumbotail for allegedly distributing counterfeit products in the name of its "Fortune" brand. A Jumbotail spokesperson said that Adani Wilmar contacted the company about certain alleged counterfeited products. "As soon as we received their communication we checked our systems and proactively shared the details of stock available in one of our locations. Based on our information they visited our location to inspect the stocks. We continue to offer all assistance to the Adani team to identify the original source of the vendors from whom the products were procure," the spokesperson said. Adani Wilmar on Saturday said that it lodged an FIR through their agency against Jumbotail Pvt Ltd reporting

Adani Wilmar files complaint against sale of counterfeit Fortune products

Edible oil major Adani Wilmar Ltd on Saturday said it has lodged a police complaint against a B2B platform for allegedly distributing counterfeit products in the name of its 'Fortune' brand. As part of a routine market survey, Adani Wilmar representatives discovered the malpractice. In a statement, the company said it has lodged an FIR through their agency, against the B2B platform for alleged distribution of counterfeit products on the platform. The FIR has been lodged at Badalpur police station in Gautam Budhnagar District, Uttar Pradesh. Adani Wilmar said the law enforcement authorities conducted a raid at the warehouse of B2B (business to business) platform "wherein alarming quantities of counterfeit products bearing the 'Fortune' brand name, the flagship brand of Adani Wilmar were seized." The seized products included 126 pet bottles of Fortune Kacchi Ghani Mustard Oil (1 litre pack) without the lid, 37 fake Fortune Refined Soybean Oil (1 litre pouches), and 16 pet bottles of

Sensex zooms 340 pts, ends near 65,800; Nifty tests 19500; auto stocks lead

Closing Bell on July 6, 2023: This was the Nifty50 index's eighth straight session of gains

Stocks to Watch on July 6: JSW Steel, Adani Wilmar, DCB Bank, Zomato, BSE

Stocks to Watch on Thursday: JSW Steel will replace HDFC in the S&P BSE Sensex effective from July 13. Moreover, Zomato will replace the stock in S&P BSE 100 index

Adani Wilmar reports 25% YoY volume growth in Q1FY24 due to strong demand

Adani Wilmar on Wednesday reported a 25 per cent year-on-year volume growth during the quarter ending June 30, mainly on account of robust consumer demand in edible oils and foods. The sale of branded products in edible oils and foods has been much stronger compared to overall sales of respective segments, the company said in a regulatory filing. However, the sales in value terms declined 15 per cent YoY following a sharp decline in the edible oil prices, the company added. The edible oil business grew by 25 per cent YoY in volume terms during the quarter on the back of continued strong consumer demand as well as the weak base of the corresponding quarter in FY23. Adani Wilmar further said that the food and FMCG segment recorded a revenue growth of 30 per cent during the first quarter of this fiscal compared to last year, crossing Rs 1,000 crore. This was the eighth consecutive quarter with 20 per cent year-on-year volume growth in the food segment and 30 per cent in the FMCG segm

Consumers' purchasing power may increase further, says Dorab Mistry

Adani Wilmar's non-exec chairman says firm investing in food processing capacity and expanding product portfolio to meet growing demand

Adani Group shares tumble up to 6% amid reports of US regulatory scrutiny

The US Attorney's Office in Brooklyn, New York, has sent inquiries in recent months to institutional investors with large holdings in the India conglomerate, report.

Stocks to Watch today, June 7: Adani Green, Mazagon Dock, Torrent Power

Stocks to Watch today, June 7, 2023: Tata Power, Uniparts India, Seshasayee Paper, Marksans Pharma will turn ex-dividend on Wednesday

Stocks to watch: Sun Pharma, ONGC, Tata Motors, Adani Wilmar, BBQ Nation

Stocks to watch today: From Sun Pharma to Tata Motors, here are top stocks to watch in Monday's trading session

FMCG firm Adani Wilmar enters whole wheat category with Fortune brand

Food FMCG company Adani Wilmar on Friday said it has entered into the whole wheat category with its brand Fortune. With this pure whole wheat variants of Sharbati, Poorna 1544, Lokwan and MP Grade 1 will be available in Delhi, Maharashtra, Madhya Pradesh, Gujarat, Rajasthan under Fortune brand, Adani Wilmar said in a regulatory filing. Adani Wilmar will be the only national player in this highly fragmented and commoditised category to provide an access to the purest wheat seed of the most premium wheat varieties in the country. "Traditional wheat connoisseur households in the west and north of the country are very selective about their preferred wheat varieties which they get ground under their supervision in neighbourhood chakki stores. The range of Fortune Whole Wheat varieties will give them just what they are looking for and will stand out for their clearly superior quality and variety assurance," Adani Wilmar Associate Vice President - Marketing and Sales Vineeth Viswambharan .

Adani Wilmar enters whole wheat market in India under its brand Fortune

The company will offer several varieties of wheat, including, Sharbati, Poorna 1544, Lokwan, and MP Grade 1 in Delhi, Maharashtra, Madhya Pradesh, Gujarat and Rajasthan

5 Adani Group stks freeze at 5% upper limit; AWL, Adani Ent surge up to 8%

Shares of Adani Group companies were in demand for the second straight trading day after the SC-appointed panel said that it not possible to conclude that there was a regulatory failure at this stage.

Adani Group shares trade weak in a firm market; decline up to 5%

In past two days, stock price of Adani Transmission and Adani Total Gas dipped 7 per cent and 9 per cent, respectively, after Global index provider MSCI dropped these stocks from its India index.

MSCI cuts free float in Adani Transmission, Adani Total Gas; stocks sink 5%

The sharp decline in Adani Transmission and Adani Total Gas follows global index provider MSCI's decision to reduce the free float of the duo in its index review this month

Sensex snaps 8-day winning run, ends 161 pts lower ahead of Fed outcome

Stock market live: Overnight in the US, banking shares declined as investors fret over the stability of small regional banks. The Dow Jones and Nasdaq fell 1.08% each while the S&P 500 shed 1.16%

Rural demand has come back, but El Nino a worry: Adani Wilmar MD & CEO, CFO

'In the commodity business, it is volume that matters. We have grown 16 per cent annually'

Adani Group shares weak; Adani Wilmar sheds 5% as Q4FY23 PAT sinks 56% YoY

Shares of Adani Enterprises, Adani Power, Adani Green Energy, Adani Total Gas, Ambuja Cements and Adani Ports and Special Economic Zone were trading 3-7 per cent lower intra-day