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'Demand to take hit in Q3 due to rise in price of edible oils'

October 25, 2024

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Business Standard

Adani Wilmar expects rising edible oil prices to affect demand in the October-December quarter.

'Demand to take hit in Q3 due to rise in price of edible oils'

Adani Wilmar reported a net profit of ₹311 crore compared to a loss of ₹130.73 crore in the year ago quarter. Also, its revenue stood at ₹14,460 crores, which is a growth of 18 per cent Y-o-Y with an underlying 12 per cent Y-o-Y volume growth. After announcing its July-September quarter results, ANGSHU MALLICK, managing director and chief executive officer, and SHRIKANT KANHERE, chief financial officer, spoke to Sharleen D'Souza in an exclusive interview. Edited excerpts:

Do you expect strong top-line growth to continue?

Angshu Mallick: We may not replicate this growth, but one thing is certain: all this is happening because of concerted efforts to create a better distribution infrastructure.

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