Adani Wilmar shares tumbled as much as 8.3% on Monday to Rs 267.45 on the BSE, as the second day of its offer for sale (OFS) got underway. The company’s promoter, Adani Commodities LLP, is offloading up to 19.50 crore shares, representing 15.01% of the company’s equity, including an oversubscription option. The OFS, which opened … Read more
Adani Wilmar shares will be in the spotlight on Tuesday as Adani Enterprises (AEL) is set to exit its 25-year-old joint venture with Wilmar International through a $2 billion deal. AEL plans to redirect the funds toward its core infrastructure platforms, including energy, utilities, transport, and logistics. Singapore-based Wilmar is seeking strategic investors to replace … Read more
Adani Wilmar on Friday said it achieved volume growth of 13% year-on-year in the first quarter, driven by market-specific strategies in each category, aimed at gaining market share, especially in under-indexed markets. With a robust product portfolio, the company also said it is actively pursuing substantial opportunities by executing strong sales and distribution strategies in … Read more
Angshu Mallick, MD & CEO, Adani Wilmar, says going forward, as the new mustard season has just started, the new meal, oil meal, rapeseed oil meal will be available now for exports. So, the Q1 of FY25 should be better. Overall, the edible oil has been growing. This year has grown at 10%, which is … Read more
Adani group’s FMCG arm Adani Wilmar on Wednesday reported an 18% year-on-year (YoY) drop in its December quarter profit at Rs 200.9 crore as against Rs 246.1 crore in the year-ago quarter. The company had reported a loss of Rs 130.7 crore in the September quarter of FY24. Its revenue declined by 17% YoY to … Read more
Indian market closed in the red for the second consecutive day in a row on Tuesday following muted global cues. The S&P BSE Sensex was down by more than 150 points while the Nifty50 closed below 15,800 levels. Sectorally, selling pressure was seen in energy, oil & gas, auto, finance, and metal stocks while buying … Read more
New Delhi: FMCG stocks were in a rude shock during early trade on Monday following a shortage of palm oil which led to strict actions from major exporting nations. However, edible oil companies gained over the buzz. Indonesia’s ban on palm oil exports shocked global edible oils markets that already reached record high prices this … Read more