- FMCG
- 1 min read
Adani Wilmar reports 13 pc volume growth in June quarter
Edible oil major Adani Wilmar announced on Friday that it reported a 13 percent volume growth in the June quarter. This double-digit growth was driven by market-specific strategies aimed at increasing market share, particularly in under-indexed markets. In a business update, the company stated, "In the first quarter of the current fiscal, the company achieved robust volume growth of 13 percent YoY."
In the first quarter of the current fiscal, "the company achieved robust volume growth of 13 per cent YoY," the company said.
Adani Wilmar has reported a 19 per cent year-on-year (YoY) volume growth in the first quarter from alternate channels such as e-commerce, quick commerce and modern trade channels.
The company, which sells edible oils and some other food products under Fortune brands, has also strengthened the traditional channels as general trade.
Besides, "the volume of our branded exports increased by 36 per cent in Q1," it added.
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Its food products business also demonstrated strong growth of 23 per cent.
"The quarter's growth was additionally supported by sales of non-basmati rice to government-appointed agencies for exports. Even after normalising this aspect, the Food & FMCG business volume grew by 23 per cent YoY," it said.
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