Adani Wilmar Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2024
May 01, 2024 at 05:10 am
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Adani Wilmar Limited reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales was INR 132,380.4 million compared to INR 138,726.4 million a year ago. Revenue was INR 133,422.6 million compared to INR 141,856.8 million a year ago. Net income was INR 1,567.5 million compared to INR 936.1 million a year ago. Basic earnings per share from continuing operations was INR 1.21 compared to INR 0.72 a year ago. Diluted earnings per share from continuing operations was INR 1.21 compared to INR 0.72 a year ago.
For the full year, sales was INR 512,616.3 million compared to INR 581,848.1 million a year ago. Revenue was INR 515,552.4 million compared to INR 591,483.2 million a year ago. Net income was INR 1,479.9 million compared to INR 5,821.2 million a year ago. Basic earnings per share from continuing operations was INR 1.14 compared to INR 4.48 a year ago. Diluted earnings per share from continuing operations was INR 1.14 compared to INR 4.48 a year ago.
Adani Wilmar Limited is a fast-moving consumer goods (FMCG) company. It offers kitchen commodities for Indian consumers, including edible oil, wheat flour, rice, pulses, and sugar. Additionally, it has branded health and convenience product portfolio that includes Rice Bran oil, Blended oil, soya nuggets, Chana Sattu, biryani kit and khichdi. Its segments include Edible Oils, Food & FMCG, and Industry Essentials. The Edible Oils segment is engaged in buying and manufacturing edible oils. The Food & FMCG segment is engaged in the buying and manufacturing of food products. The Industry Essentials segment is engaged in buying and manufacturing nonedible oils and chemical products. It offers a diverse range of industry essentials, including oleochemicals, castor oil and its derivatives and de-oiled cakes. It sells its entire range of packed products in edible oil and food FMCG segment under various brands, such as Fortune, Kingâs, Raag, Bullet, Fryola, Jubilee, Aadhar, and Kohinoor.