Adani Wilmar says 'over difficult times', volume growth at nearly 20%
With rising consumption of staples and the demand spike particularly during the festive and marriage seasons, the company's MD, Angshu Mallick believes volume growth is already at around 20-25% across business segments.
Angshu Mallick, Managing Director of Adani Wilmar believes the industry is 'over difficult times' and things now look much brighter and better.
With rising consumption of staples and the demand spike particularly during the festive and marriage seasons, Mallick anticipates volume growth at around 20-25% across business segments, translating into strong value and margin growth.
As each of the businesses has its own set of advantages, Mallick prefers an integrated approach. "The same distributor sells all our products, whether it is oil or foods, the same grocers sell the same product, and all the consumers also buy the same product. So, integrated factory, integrated distribution, and then integrated supply chain make us much stronger,” he noted.
Mallick declined any comment on recent media reports that Adani Enterprises is considering a potential sale of its 44% stake in Adani Wilmar to free up capital for its core business. Indian billionaire Gautam Adani and his family are expected to retain a minority stake in a personal capacity following a sale, per reports.
Ahmedabad-based Adani Wilmar is a multinational food and beverage conglomerate and the largest processor of palm oil in India. The joint venture between Adani Enterprises and Singapore-headquartered food conglomerate Wilmar International, offers many essential kitchen commodities for Indian consumers including edible oils, wheat flour, rice, pulses and sugar, according to its website.
The current market capitalisation of Adani Wilmar is ₹49,089 crore and it competes with peers such as Marico, Patanjali Foods, and Agro Tech Foods.
(Edited by : Shweta Mungre)
First Published: Dec 12, 2023 3:18 PM IST
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