Adani Wilmar's revenue increases

The revenue of one of the major companies of Adani Group-Adani Wilmar is continuously on the rise. Adani Wilmar’s Revenue surged by nearly half as the company registered a 46% rise in its total revenue for the financial year 2021-22. In its results for the FY 2021-22 and March 2022 quarter, the Adani Group company reported a significant rise in its revenue, proportionate to the increase in its revenue in the edible oil segment. Interestingly, Adani Wilmar saw a growth of over 40% in terms of Profit before Tax, with a net profit of ₹1,059 crores for the year.

Since the initial public offering in the month of February, the Adani Wilmar stock has surged by multiple times zooming from ₹230 to ₹878 earlier this month. However, the results also indicated how dependent Adani Wilmar is on its edible oils business. Last year, out of every ₹5 of revenue that the company generated, ₹4 was from its edible oils business. If we look at the larger picture, Adani Wilmar has captured a fifth of the edible oil industry in India, under its Fortune brand.