Adani Wilmar had posted a net profit of Rs 315 crore in March 2021
Adani Wilmar Q4 Results: Its consolidated revenue from operations in January-March 2022 jumped 40.2 per cent year-on-year to Rs 14,960.4 crore
Edible oil major Adani Wilmar on Monday reported a 25.62 per cent year-on-year decline in its consolidated net profit to Rs 234.3 crore for the March 2022 quarter. Its net profit had stood at Rs 315 crore a year ago. Its consolidated revenue from operations during January-March 2022 jumped 40.2 per cent year-on-year to Rs 14,960.4 crore.
The company, which is a joint venture between India’s Adani Group and Singapore’s Wilmar International, also posted a 40.42 per cent jump in its net profit to Rs 15,022.94 crore during the March 2022 quarter, as against Rs 10,698.51 crore a year ago.
Adani Wilmar Managing Director and CEO Angshu Mallick said, “We have delivered a steady growth in spite of the challenging macro environment. The food & FMCG segment registered double-digit growth. We have continued to improve our market share across edible oil and food categories. We are also on track to implement our go-to-market strategy focused to capture the rural growth story.”
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