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Edible oil major Adani Wilmar on Wednesday reported 60 per cent decline in consolidated net profit at Rs 93.61 crore for the quarter ended March 2023 on lower revenue.

Its net profit stood at Rs 234.29 crore in the year-ago period.

Total income fell to Rs 13,945.02 crore in January-March 2022-23 from Rs 14,979.83 crore in the year-ago period, Adani Wilmar said in a regulatory filing.

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During the full last fiscal, Adani Wilmar’s net profit fell to Rs 582.12 crore from Rs 803.73 crore in the previous year. Total income, however, rose to Rs 58,446.16 crore from Rs 54,327.16 crore in the previous year.

Adani Wilmar sells edible oil under Fortune brand.

Apart from edible oils, the company sells various food items like rice and sugar.