Adani Wilmar’s Shares Surge on Robust Q1 Performance

Adani Wilmar's shares surged 4% on strong Q1 performance, driven by 13% volume growth and robust performance in edible oils and Food & FMCG segments, despite industry challenges.
Adani Wilmar's Shares Surge on Robust Q1 Performance

Adani Wilmar, the FMCG arm of the Adani Group, saw its shares rise over 4% on July 8, 2024, after the company reported strong business updates for the first quarter of the fiscal year 2025.

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The company witnessed a 13% year-on-year growth in volumes during the June quarter. Its Food & FMCG business volume grew by 23% YoY, driven by market-specific strategies and sales of non-basmati rice to government agencies for exports.

Adani Wilmar’s edible oil segment also performed well, with a 13% YoY growth in volumes and a 10% YoY growth in value. The company’s branded exports saw a 36% YoY volume increase in Q1.

Despite industry challenges, including decreased out-of-home consumption and seasonal dips in summer demand, Adani Wilmar’s strong sales and distribution strategies, as well as growth in alternate channels, contributed to its robust performance.

The company’s stock has a one-year beta of 0.9, indicating low volatility, and is trading higher than its short-term moving averages, further reflecting investor confidence in Adani Wilmar’s growth prospects.

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