Adani group of companies have been ruling the stock market as all the stocks under the group have been rallying. Recently Adani Wilmar beat Hindustan Unilever Ltd to become the largest FMCG company in India in terms of Revenue.
Adani Wilmar Ltd reported total revenue from operations of Rs 54,214 Cr for the FY 2021-22 which is a growth of 46.2% Year-on-year. Hindustan Unilever Ltd, which had held the top spot in terms of revenue earned Rs 51468 Cr in the same year.
The profitability of Adani Wilmar is fundamentally driven by its edible oil business. In fact, Adani is the largest Edible oil imported in India. The rise in the revenues can be attributed to the ongoing Russia-Ukraine war which has led to an exponential rise in the Edible oil prices.
Out of the total revenue, Adani reported a total of Rs 1289 Cr which it earned from its edible oil business. Its industry essential segment provided an even higher margin at 6.6%.
Adani Wilmar, a joint venture between the Adani group and the Wilmar International of Singapore has established itself as the packaged food major in the industry with its brand Fortune. It recently acquired brands like Kohinoor and Charminar to grow its staple foods portfolio.
The newly listed Adani Wilmar Ltd has given multibagger returns to its investors as well. Since March this year, the stock has been railing and is up by almost 215.4%. Today, the stock was trading at 715 levels and has hit a lower circuit.
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