Page 3 - Adani Wilmar

Adani Wilmar's Q1 net profit rises 10% to Rs 194 cr on higher sales

Angshu Mallick, Managing Director and CEO, Adani Wilmar, said the company has continued to demonstrate a steady growth in overall volumes, led by the foods business.

Stocks to Watch: ONGC, Reliance, Zomato, Adani Wilmar, IndiGo,Vodafone Idea

Stocks to Watch today: Uber has decided to put its entire 7.8 per cent stake in Zomato on the block, according to sources.

Adani Wilmar's 'Fortune' cuts prices of edible oil by up to Rs 30 per litre

Edible oil firm Adani Wilmar, which sells its products under Fortune brand, on Monday announced reduction in cooking oil prices by up to Rs 30 per litre amid fall in global prices. The maximum reduction has been done in soyabean oil. The stocks with new prices will reach market soon. On February 7, Mother Dairy, which sells edible oils under the Dhara brand, had cut prices of soyabean and rice bran oils by up to Rs 14 per litre. The food ministry had called a meeting on July 6 to discuss edible oil prices and directed edible oil firms to pass on the benefits of fall in global cooking oil prices to consumers. "In continuation to the global price reduction and the government's effort to pass on the benefits of reduced edible oil prices to consumers, Adani Wilmar has further slashed edible oil prices from the last month's reduction effected by the company," a company statement said. Fortune soyabean oil price has been revised to Rs 165 per litre from Rs 195 per litre. The sunflower

Airports, roads, ports and now 5G: Adani group's expansion rolls on

The Adani group's foray into the 5G space comes on the back of a massive expansion spree

Edible oil brand Gulab Oils eyes Rs 5,000 crore turnover in four years

Plans to enter ten states from four currently, expand capacity 10-fold to 1,000 tonnes a day and make additions to product portfolio

Stocks to Watch: Vodafone Idea, Bajaj Auto, Tata Steel, Glenmark Pharma

Stocks to Watch today: The US FDA has issued Glenmark Pharma form 483 with 6 observations for its Baddi Unit, which was inspected between June 13-22, 2022.

Edible oil prices ease; major brands cut MRP by Rs 10-15/litre: Govt

As per govt data, average retail prices of packaged edible oils have ease slightly, except for groundnut oil, across country since beginning of this month and are ruling between Rs 150 and 190 per kg.

Adani Wilmar slashes edible oil prices by Rs 10 on govt's import duty move

Adani Wilmar has reduced the maximum retail price (MRP) of Fortune refined Sunflower oil's 1-litre pack to Rs 210 from Rs 220, the company said in a statement.

Here are five new stock market entrants that will see $105 mn in FPI flows

Move follows addition to the FTSE index; adjustment to take place on Friday

Adani's food venture Adani Wilmar Ltd is best-performing IPO in Asia

The food company has almost tripled since its debut while most newcomers are trading under water

Edible oil relief: Shares of Adani Wilmar and Ruchi Soya Industries shed 5%

Individually, AWL was locked in the 5 per cent lower circuit band at Rs 664.95, while Ruchi Soya Industries, too, was down 5 per cent to Rs 1,045.45 on the BSE

Govt exempts customs duty on soybean, sunflower oil; AWL, Ruchi Soya dip 5%

The government on Tuesday exempted customs duty and the agri cess on importing 2 million tonnes of soybean and sunflower oil per year

Adani group firms' gross debt rises to Rs 2.2 trillion, shows data

This makes the Adani group one of the most indebted among India's top business groups

Adani Wilmar down for 8th straight day; slips 34% from 52-wk high level

Post the sharp share price rally since listing, brokerage firm JPMorgan find the stock's risk-reward unattractive. Analysts have downgraded their stance to 'underweight' with a target price of Rs 525.

Adani Wilmar acquires Kohinoor rice brand in India to strengthen position

The acquisition of Kohinoor rice brand by Adani Wilmar will fuel the next level of growth for Adani Wilmar and widen the portfolio to cater to premium customer segments

Adani Wilmar net profit declines 26% to Rs 219.2 crore in March quarter

Its food and FMCG portfolio stood at 0.64 MT in FY22, compared with 0.47 MT in FY21, registering a growth of 34 per cent

Adani Wilmar Q4 profit down 26% to Rs 234 cr; income up 40% to Rs 15,023 cr

Edible oil major Adani Wilmar on Monday reported a 26 per cent decline in consolidated net profit at Rs 234.29 crore for the quarter ended March on higher tax expenses. The company had posted a net profit of Rs 315 crore in the year-ago period. In a regulatory filing, Adani Wilmar reported that its total income increased to Rs 15,022.94 crore during the January-March period of last fiscal from Rs 10,698.51 crore in the corresponding period of 2020-21. During the full 2021-22 financial year, the company's net profit rose to Rs 803.73 crore from Rs 728.51 crore in the previous fiscal. Total income grew to Rs 54,385.89 crore as against Rs 37,194.69 crore earlier. Adani Wilmar, which sells its cooking oils and some other food products under the Fortune brand, is a 50:50 joint venture between business conglomerate Adani Group and Singapore-based Wilmar. The company recently got listed on the stock exchange after raising Rs 3,600 crore through an Initial Public Offer (IPO).

Adani Wilmar crosses Rs 1-trn market cap; stock up 249% since debut in Feb

At 10:40 AM, AWL up 5 per cent stood at 50th position in overall market-cap ranking with a m-cap of Rs 1.04 trillion, BSE data shows.

Adani Power m-cap hits Rs 1 trn-mark; AWL becomes 50th most-valued firm

With Rs 1.05 trillion, Adani Power is the sixth Adani Group company which has touched the Rs 1-trillion m-cap milestone

Tech view: Will Indonesia's palm oil export ban hurt HUL, Adani Wilmar?

Among FMCG stocks, Adani Wilmar seems to be better placed at current levels as per the technical charts.