In the food processing industry, a pioneering company has unveiled a massive integrated plant in Haryana, marking a significant expansion. With an investment of 1,298 crore rupees and the potential to create 2,000 jobs, this state-of-the-art food complex represents one of the largest developments in the country, promising substantial economic and industrial impact.
Share Price Movement
The share price of Adani Wilmar Limited went up by 2.42 percent to Rs. 267.80 per share on Friday, an increase from its previous close of Rs. 261.45 per share. The market capitalisation now stands at approximately Rs. 33,934 crore as of January 24, 2025.
Recent Update
Adani Wilmar’s new integrated food processing plant in Gohana, Haryana, is a major development for the region. The facility, built with a Rs. 1,298 crore investment, aims to boost the local economy by creating 2,000 direct and indirect jobs.
The plant’s commencement, marked by the dispatch of 100 tonnes of rice, highlights the progress of one of the largest food complexes in India. This infrastructure is expected to significantly transform food production and provide long-term economic benefits to Haryana.
Capacity: The facility, designed by Larsen & Toubro Technology Services (L&T), spans 85 acres and boasts an annual production capacity of 627,000 MT. It will produce 450,000 MT of food products (rice, wheat flour, suji, rawa, maida) and 200,000 MT of edible oils (mustard, rice bran, cottonseed), as well as mustard and rice bran DOC for animal feed.
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Financial Highlights
In FY2024, the company reported a revenue of Rs. 49,243 crore, reflecting a decline from Rs. 55,262 crore in FY2023, and a trailing twelve months (TTM) revenue of Rs. 52,888 crore. Profits decreased from Rs. 607 crore in FY2023 to Rs. 278 crore in FY2024, while the TTM profit surged to Rs. 1,053 crore.
Competitors
Adani Wilmar’s major competitors include Patanjali Foods, Gokul Agro Resources, Agro Tech Foods, BCL Industries, Kriti Nutrients, CIAN Agro Industries, Manorama Industries, and Emami Agrotech.
Adani Wilmar has a P/E of 35.61, which is a slight increase from the industry P/E of 33.54.
Market Outlook
The Indian packaged food market has grown significantly, with the retail industry expanding by 34%, reaching USD 1.2 trillion from USD 890 billion between 2019 and 2023. The packaged convenience food market is expected to grow at an 11% CAGR from FY22 to FY26.
India imports 16 million metric tonnes of edible oils annually, totalling Rs. 1.38 lakh crore in 2022–23. The Indian rice market, valued at USD 52.82 billion in FY24, is expected to grow to USD 59.46 billion by FY2029 at a 2.4% CAGR.
Written By Fazal Ul Vahab C H
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