Page 32 - The Indian EYE 110124

BUSINESS EYE NOVEMBER 01, 2024 | The Indian Eye 32

Adani Group’s FMCG arm AWL reports

18% hike in profits, 12% volume growth

The company attributed its robust performance to stable edible oil prices

and its expanding distribution network

OUR BUREAU consumers for the entire range of
kitchen essentials. This along with
Mumbai
the increasing retail penetration and
dani Group’s fast-moving con- new towns reach is leading to strong
sumer goods (FMCG) arm, growth in our banded portfolio. Our
AAdani Wilmar Limited (AWL), other food products like pulses, be-
announced the Q2FY25 earnings on san, soya chunks, poha has also been
Thursday. The company reported growing in strong double digit and
an 18 per cent growth in revenue to they in aggregate has now reached
Rs 14,460 crore (YoY), the volume INR 1,500 crores on LTM basis,”
growth of the company was recorded AWL’s edible oil segment posted
at 12 per cent (YoY). strong growth, with revenue increas-
This growth was driven by strong ing 21 per cent YoY to Rs 10,977
performances in both the edible oil crore, driven by high demand for
and Food and FMCG segments. The soybean, sunflower, and mustard oils.
edible oil segment saw revenue rise This marks the third consecu-
21 per cent YoY, with underlying vol- tive quarter of double-digit volume
ume growth of 17 per cent. The Food growth for the segment.
and FMCG segment delivered even Adani Wilmar also continued to
more impressive results, with reve- expand its presence in under-penetrat-
nue growth of 34 per cent YoY and ed markets, particularly in sunflower
volume growth of 33 per cent. and mustard oils, as per the company.
The company showed a con- The company reported significant growth in its e-commerce channel, with revenue growing The company reported sig-
solidated profit of Rs 311 crore in nificant growth in its e-commerce
Q2FY25, as against a loss of Rs 131 four times over the past four years (Agency file photo) channel, with revenue growing four
crore in the comparable quarter a times over the past four years. The
year ago in Q2FY24. Adani Wilmar also achieved its company aims to expand its reach to company’s mass brand, Kings, has
It marked its highest-ever highest-ever half-yearly Profit After over 50,000 rural towns by the end of also seen substantial growth in this
half-yearly operating EBITDA of Rs Tax (PAT) of Rs 624 crores. FY25. space, driven by targeted advertis-
1,232 crores for the first half of the The company attributed its ro- Commenting on the results, ing and promotions. Additionally,
financial year 2025, marking a re- bust performance to stable edible Angshu Mallick, MD and CEO, sales of branded packaged oils and
markable 349 per cent year-on-year oil prices and its expanding distribu- Adani Wilmar Limited said, foods through the HORECA (Hotel,
(YoY) growth. For the second quar- tion network. By the end of Septem- “On the back of Trust and Qual- Restaurant, and Catering) channel
ter of financial year 2025, it recorded ber 2024, the company had reached ity, along with branding investments, grew over 40 per cent YoY, contrib-
an operating EBITDA of INR 612 over 36,000 rural towns, up from our flagship brand ‘Fortune’ has uting more than Rs 500 crore in the
crores, up 325 per cent (YoY). just 5,000 towns in March 2022. The been gaining good acceptance with last 12 months.

ATGL energy company reports 7.5% rise in revenues

dani Total Gas (ATGL), up 12 per cent to Rs 1,318 crore in commissioned its first liquefied nat- On October 17, the govern-
India’s leading energy tran- Q2 FY25 as compared to Rs 1,179 ural gas (LNG) retail outlet in Tirup- ment reduced cheaper gas alloca-
Asition company, announced crore in the same quarter in FY24. pur, while two more are under con- tion to city gas distribution (CGD)
its operational, infrastructural, and EBITDA (earnings before inter- struction in Dahej and Mundra. companies. The Ministry of Pe-
financial performance for the quar- est, tax, depreciation and amortiza- Suresh P Manglani, CEO & ED, troleum and Natural Gas (MO-
ter and half year that ended Sep- tion) in second quarter was at Rs 313 ATGL said: “We now reach over 9 PNG) has reduced the allocation
tember 30. crore, up 8 percent year-on-year. lakh consumers through our piped of administered price mechanism
The company reported 7.5 per- Total sales volume was up 15 per gas network, supplying uninterrupt- (APM) gas for compressed natural
cent increase in consolidated net cent (YoY) at 242 MMT in Q2, CNG ed piped natural gas. We have com- gas (CNG) by 20 percent compared
profit at Rs 187 crore for the quar- volumes were 162 MMT, while PNG missioned our first LNG station for to the previous average quarterly
ter ended September 30 2024, ver- volumes were at 80 MMT. the transportation segment and are allocation. This will have its impli-
sus a net profit of Rs 173 crore in In Q2FY25, company added 18 progressing towards covering key cations and Manglani said ATGL
the year-ago period. new CNG stations increasing the highway networks, aiding India’s de- will take a call on this in consumer
Revenue from operations was number to 577. The company has carbonization march.” interest.

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