Adani Wilmar's Flourishing Growth in Food and Oils Market

Adani Wilmar reported a 6% increase in sales volumes and a 33% rise in revenue for the December quarter. The company achieved growth by leveraging its distribution network and an array of brands despite price hikes. Adani Group has exited the joint venture, selling its stake to Wilmar Group.

Adani Wilmar, a leading player in the edible oils and food product sector, has announced impressive quarterly results. The company recorded a 6% increase in sales volumes and a 33% boost in revenue for the December quarter, demonstrating its robust market presence.

The growth comes despite significant price hikes, attributed to rising raw material costs. Adani Wilmar has maintained its market share through a diversified brand portfolio, catering to various price points and consumer needs.

After Adani Group's decision to divest its 44% stake, Wilmar Group has taken over. The company reported particular success in its edible oils and foods categories, with e-commerce growth at an impressive 41% year-on-year, especially in southern India and rural markets.

(With inputs from agencies.)