Mumbai: Adani Wilmar Ltd., a subsidiary of the Adani Group, is scheduled to disclose its quarterly results on January 31, Wednesday, according to an official statement. The company will also host an earnings conference call with investors on the same day to delve into the financial performance.
Earlier this month, Adani Wilmar reported a 6% growth in overall volume for the December quarter. However, a decline in the pricing of edible oils, aligning with the decrease in raw material costs (crude edible oils), resulted in a 15% YoY drop in revenue.
A board of directors meeting is slated for January 31 to review and approve the unaudited financial results, both standalone and consolidated, for the quarter and nine months ending December 31, 2023.
In compliance with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, and the Company’s Code of Conduct, the Trading Window will close 48 hours after the public release of the results on Wednesday, January 31, 2024.
Adani Wilmar
Furthermore, following Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Adani Wilmar will conduct an earnings conference call with investors on January 31, 2024, to discuss the financial performance.
Adani Wilmar’s Q3 update highlighted a robust 40% YoY or higher revenue growth in the domestic market for its Food & FMCG segment over the last nine quarters. Despite a 4% growth in branded edible oil products, the overall sales volume remained flat YoY due to reduced demand from institutional customers.
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