Adani Wilmar Q1 Update: Volume grows 13% YoY on continued market-specific strategies

Adani Wilmar on Friday said it achieved 13% year-on-year volume growth in the first quarter, driven by market-specific strategies in each category, aimed at gaining market share, particularly in under-indexed markets.

With a strong product portfolio, the company also said it is actively pursuing significant opportunities in the general business by implementing strong sales and distribution strategies.

Additionally, the company’s alternative channels such as e-commerce, Quick Commerce and MT maintained their momentum with volume growth of 19% year-on-year in Q1. Its branded export volumes rose 36% year-on-year in the June quarter.

The company has achieved gross sales growth of 11% year-on-year in the first quarter ended June 2024.

Segment-wise, Adani Wilmar said the edible oil business thrived on strong execution in sales and distribution, boosted by ongoing efforts to improve retail penetration. This came despite industry challenges during the quarter, including lower out-of-home consumption and a seasonal drop in summer demand.

Edible oil volume grew 13% year-over-year in the quarter, while the segment’s sales value increased 10% year-over-year.

More to come….