Ahmedabad

Adani Wilmar on Wednesday reported a 67 per cent surge in profit after tax (PAT) at Rs 157 crore for the quarter ended March 31, 2024, compared to Rs 94 crore in the same quarter in the last fiscal year.

The revenue for the full year (FY24) stood at Rs 51,262 crore as the food and FMCG segment reached a milestone of almost Rs 5,000 crore, nearly doubling in two years, the company said in a statement.

For the fourth quarter (Q4), the company recorded a revenue of Rs 13,238 crore.

While edible oils grew by 11 per cent and food and FMCG by 9 per cent in volume terms, a significant decline in the export business of oil meals dragged down the overall volume growth to 3 per cent (YoY) in Q4, the company said.

We continued to witness strong volume growth in our edible oils & foods business driven by increased retail penetration. A focused approach in sales and marketing and regional approach in each category is leading to gaining market share from the local players, said Angshu Mallick, MD and CEO, Adani Wilmar Ltd.

In fiscal FY24, the food and FMCG business reached 1 million metric tons (MT) in sales and the company surpassed 6 million MT in sales overall.