Adani Wilmar reports 25% YoY volume growth in Q1FY24 due to strong demand ...Middle East

Economy by : (Business Standard) -
Adani Wilmar on Wednesday reported a 25 per cent year-on-year volume growth during the quarter ending June 30, mainly on account of robust consumer demand in edible oils and foods. The sale of branded products in edible oils and foods has been much stronger compared to overall sales of respective segments, the company said in a regulatory filing. However, the sales in value terms declined 15 per cent YoY following a sharp decline in the edible oil prices, the company added. The edible oil business grew by 25 per cent YoY in volume terms during the quarter on the back of continued strong consumer demand as well as the weak base of the corresponding quarter in FY23. Adani Wilmar further said t

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