Shares of Adani Wilmar are expected to gain attention on Monday after the company announced a 16% year-on-year revenue growth for Q2 FY25, driven by strong performance in both its edible oils and food businesses.
In its Friday post-market quarterly update, Adani Wilmar highlighted robust growth in the food segment across different regions and product categories. The company’s diverse range of oils and food items, along with increased production, is helping it expand its reach in distribution.
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By the end of September 2024, Adani Wilmar had expanded its presence to over 36,000 rural towns, a significant rise from just over 5,000 towns in March 2022. The company aims to expand further to over 50,000 rural towns by the end of FY25, increasing product availability and sales volume in new locations.
Revenue from alternative sales channels grew strongly in double digits compared to the previous year, surpassing ₹3,000 crores over the past 12 months. The e-commerce sector saw even more impressive growth, with revenue increasing nearly four times in four years. The company’s mass brand, Kings, has also grown significantly in these channels, supporting its two-brand strategy.
Additionally, sales of branded packaged oils and food through HORECA (hotels, restaurants, and catering) distribution jumped by more than 40% year-on-year, with over ₹500 crore in sales over the last 12 months.
The company is also focusing more on its Fortune brand for an integrated market strategy.
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