Adani Wilmar stock hits 5% lower circuit post Q4FY22 earnings

4 May 2022 , 12:18 PM

Adani Wilmar Limited (AWL), a Joint Venture of Adani Group of India and Wilmar Group of Singapore, has announced its operational and financial performance for the quarter and financial year ended March 31, 2022.

Financial Highlights (Consolidated)
FY22

• Revenues of Rs54,214 crore, up 46% yoy
• EBITDA of Rs1,909 crore, up 34% yoy
• PBT of Rs1,059 crore, up 40% yoy
• Net Profit of Rs804 crore, up 26% yoy

Q4 FY22

• Revenues of Rs14,960 crore, up 40% qoq
• EBITDA of Rs488 crore, up 29% yoy
• PBT of Rs298 crore, up 48% qoq
• Net Profit of Rs234 crore, up 39% qoq

Operational Highlights (Consolidated)
FY22

• Overall sales volume stood at 4.80 MMT, up 8% yoy
• Food & FMCG vertical sale volume at 0.64 MMT, up 34% yoy
• Added 28 New Fortune mart stores, taking the total to 33 stores across India

Q4’22

• Overall sales volume stood at 1.29 MMT, up 16% qoq
• Food & FMCG vertical sale volume at 0.18 MMT, up 33% qoq
• Added 12 New Fortune mart stores

Commenting on the quarterly results of the Company, Angshu Mallick, Managing Director and CEO, Adani Wilmar Limited said, “We have delivered a steady growth inspite of the challenging macro environment. The food & FMCG segment registering double digit growth. We have continued to improve our market share across edible oil & food categories.

We are also on track to implement our go-to-market strategy focused to capture the rural growth story. We will continue to invest in our brand, distribution, sourcing and manufacturing capabilities. Going forward, we will focus more on inorganic growth and strategic investments in the foods space.”

Post the quarter results, Adani Wilmar stock was tradig at Rs716 per piece lower by 5% on the BSE, at around 12:23 PM.