Adani Wilmar reports 6% YoY growth in sales 33% surge in revenue in Q3

The edible oils segment saw a 4 per cent growth in sales volumes and a 39 per cent increase in revenue

Adani Wilmar, a leading name in India’s edible oils and food products market, reported a 6 per cent year-on-year growth in sales volumes and a 33 per cent surge in revenue during the December quarter. Established in 1999 as a joint venture between the Adani Group and Singapore-based Wilmar Group, the company markets its products primarily under the popular Fortune brand.

According to the BSE filing, Adani Wilmar credited its performance to strategic initiatives despite challenges from rising raw material costs. “The company achieved a robust 6 per cent volume growth year-on-year in Q3, despite significant price hikes due to increased raw material costs,” the statement said.

The edible oils segment saw a 4 per cent growth in sales volumes and a 39 per cent increase in revenue. Although some consumers opted for lower-priced alternatives, the company highlighted its diverse product portfolio across various price points as instrumental in sustaining market share.

In the food products segment, the company posted double-digit growth in packaged goods like wheat flour, rice, nuggets, pulses, poha, and sugar. “Our integrated distribution model leverages the strength of our oil distribution network to expand the reach of food products, particularly in urban markets,” the company noted.

E-commerce, including quick commerce platforms, drove significant growth, with sales volumes rising by 41 per cent year-on-year. Additionally, a strategic focus on south India yielded over 15 per cent volume growth for branded edible oils and food products combined. Rural markets also contributed to the growth, supported by increased rural penetration and trial-focused campaigns such as combo offers.