The company announced in an exchange filing on Monday That It plans to withdraw from Adani Wilmar, the FMCG joint venture between its subsidiary Adani Commodities LLP (ACL) and Wilmar International-owned Lence Pte, to concentrate investments on its core infrastructure business. It stated that the $2 billion raised from selling its Adani Wilmar stake would…
Adani Wilmar declared a profit of Rs 311.02 crore for the fiscal second quarter on Thursday, compared to a loss of Rs 130.73 crore for the same period in FY24. It reported operating income of Rs 14,460.45 crore, a 17.9% increase over Rs 12,267.15 crore in the same period of the previous fiscal year. EBITDA…
The FMCG business is hopeful about at least 20 percent growth in 2023 after a ‘exponential boom’ in 2022. “We observed strong demand and a 30% increase from the prior fiscal year. Our expected revenue of Rs 4500 crores for the end of March 2023 has already been surpassed, according to Ashish Khandelwal, Managing Director…
