Adani Wilmar’s Record Quarter: Rs 16,859 Crores Revenue, 105% PAT Growth

Adani Wilmar Limited (AWL), one of India’s fastest-growing FMCG companies, achieved outstanding financial results in Q3 FY25.
The company’s operating EBITDA stood at ₹2,390 crore and PAT at ₹1,192 crore on a TTM basis, underscoring its sustained profitability momentum. Speaking on the results, Angshu Mallick, MD & CEO of Adani Wilmar Limited, noted, “Our revenue grew 31% YoY to ₹16,859 crore, driven by strong performances in edible oils and Food & FMCG. We have delivered record profits for five consecutive quarters, with Q3 marking a particularly exceptional milestone.”

Edible Oils

In Q3, our edible oil volume grew by 4% YoY and recorded revenue of INR 13,387, up by 38% YoY. Branded sales declined in low single digits, primarily due to double-digit decline in packed palm oil sales and downtrading by consumers. Branded sales increased across all other edible oils. To strengthen consumer connections, we introduced special packs of soybean oil in Bihar to celebrate Chhath Puja, an important festival in the region. AWL won two awards from Mad Over Marketing – winner of ‘Best Regional Campaign’ for its ‘Ilish Campaign’ in West Bengal and Runners up for ‘Best OOH for an Occasion.’

Food & FMCG

The Food & FMCG segment recorded revenue of INR 1,558 crores in Q3, up by 22% YoY. The segment continued to experience double-digit growth in both General Trade and E-commerce channels. Bundling our low-penetration products with fast-selling items continued to drive consumer trials and adoption. On LTM basis, the segment recorded revenue of ~INR 6,150 crores.

 In wheat flour, we outpaced industry growth and gained market share during the current financial year. The introduction of small pack sizes (up to 2-KG) continued to play a key role in driving strong growth in the South and West regions.

 In rice, the Company is working on its supply chain to improve product availability in the market. The Kohinoor brand also launched a video series on social media, featuring renowned food critic and historian, Padma Shri Dr. Pushpesh Pant, narrating the stories behind various recipes made with Basmati rice.

Industry Essentials

 In Q3, the Industry Essentials segment’s revenue increased by 4% YoY to INR 1,915 crores. The lower sale in castor meals and oil meal led to a decline in the segment’s volume during the quarter.

 Commenting on the results, Angshu Mallick, MD & CEO, Adani Wilmar Limited said, “The Company’s revenue grew by 31% YoY to INR 16,859 crores. We have delivered another strong quarter, with double-digit growth in both edible oils and Food & FMCG segments. The edible oils revenue grew by 38% YoY and the Food & FMCG revenue grew by 22% YoY."

 The Company has been delivering strong profits over the last five quarters. We have delivered record profits during the quarter, with EBTIDA at INR 792 crores and PAT at INR 411 crores. This has led to best-ever trailing-twelve-months (TTM) performance with operating EBITDA at INR 2,390 crores and PAT at INR 1,192 crores on TTM basis. Our overall Food & FMCG business has crossed INR 6,150 crores on TTM basis and we stay committed to building a very large packaged food business in India. The Company has been becoming stronger and more diversified. Most of our strategies have been yielding positive results. Our edible oils have gained market share in underindexed markets and under-indexed categories like Sunflower oil and Mustard Oil. In wheat flour, we outpaced industry growth during the year.

 Additionally, the company has significantly expanded its direct rural coverage crossing 43,000 rural towns as of December ’24, up from 5,000 towns in March 2022, positioning us well for future growth. E-commerce revenue has grown by 41% YoY on TTM basis. The company has made strong inroads in the South, with a 15% YoY volume growth in branded products during Q3. Additionally, the 'Fortune' brand is celebrating its 25th anniversary with a year-long series of consumer campaigns to mark this significant milestone.”