Adani Wilmar Delivers Strong Performance With Highest-Ever PAT For Q1’25

Adani Wilmar (AWL) has announced its performance for the first quarter of FY25, reporting the highest-ever Profit After Tax (PAT) of Rs 313 crores. This exceptional achievement underscores the company's robust growth and strategic excellence in the market.

AWL's Earnings Before Interest, Taxes, Depreciation, and Amortisation (Ebitda) also reached an all-time high of Rs 619 crores for Q1’25, reflecting a remarkable 375 per cent year-over-year (YoY) increase. This surge in profitability is attributed to the stability in edible oil prices, which has bolstered the company's financial performance over the past three quarters.

The company reported strong double-digit YoY growth of 12 per cent in volume and 10 per cent in revenue for Q1’25, culminating in total revenue of Rs 14,169 crores. The edible oil segment registered a robust volume growth of 12 per cent YoY, surpassing the milestone of 1 million metric tons (MT) for the quarter.

Edible Oils
In Q1’25, AWL's edible oil segment saw revenue growth of 8 per cent YoY, reaching Rs 10,649 crores, with underlying volume growth of 12 per cent YoY. This marks the second consecutive quarter of double-digit volume growth, leading to an increase in market share. The company's refined oil consumer pack (ROCP) market share increased by 60 basis points (bps) YoY to 19.0 per cent on a moving annual total (MAT) basis.

AWL continues to expand its market presence in the mustard oil segment, launching new products like specialised mustard oil packaging tailored for pickle enthusiasts and 'Fortune Pehli Dhaar' (First Pressed Kachi Ghani Mustard Oil). Additionally, sunflower oil continues to gain market share in South India, driven by regional interventions and targeted marketing efforts.

Food & FMCG
The Food & FMCG segment demonstrated significant growth, with revenue increasing by 40 per cent YoY to Rs 1,533 crores and an underlying volume growth of 42 per cent YoY. This growth was supported by strategic initiatives, including the utilisation of AWL's extensive edible oil distribution network and successful promotional events. The wheat business, despite a general slowdown in the packaged atta industry, maintained robust growth due to an expanded retail presence and increased repeat purchases. The rice business also saw significant gains, with volumes growing by 89 per cent YoY.

AWL's revenue from branded Food & FMCG products in the domestic market has consistently grown at over 30 per cent YoY for the past eleven quarters, and the company anticipates this growth trajectory to continue.

Industry Essentials
The Industry Essentials segment's revenue remained flat at Rs 1,986 crores in Q1’25, compared to the same period last year. While the Oleo-chemicals and Castor businesses witnessed strong double-digit growth, the overall volume for the segment declined by 6 per cent YoY due to a 22 per cent drop in the oil meal business.

Commenting on the results, Angshu Mallick, MD & CEO of Adani Wilmar, said, "The company’s revenue grew by 10 per cent YoY to Rs 14,169 crores. The consumer shift to branded staples is benefiting us significantly. We have delivered another strong quarter, with double-digit growth in both edible oils and Food & FMCG segments. The edible oils volume grew by 12 per cent YoY to surpass 1 mn MT, and the Food & FMCG volume grew by 42 per cent YoY, exceeding Rs 1,500 crores in Q1."

Mallick added, "The stability in edible oil prices augurs well for our business, allowing us to deliver strong profits over the past three quarters. In Q1’25, we achieved our highest-ever EBITDA of Rs 619 crores, a 375 per cent increase YoY and PAT of Rs 313 crores. With our trusted brand, Fortune, we expect continued market share gains from regional brands. Our food products are making significant roads into Indian households, and we plan to meet this large demand by enhancing our food distribution through our edible oil network. In under two years since launching our dedicated HORECA distribution channel, we have surpassed Rs 500 crores in revenue on a last twelve-month basis and achieved a 90 per cent YoY volume increase in Q1."