Adani Wilmar Share Price 4 May 2024
Adani Wilmar Limited, a part of the Adani Group, has shown outstanding performance in the March 2024 quarter. The company reported a net profit of INR 156.75 crores in the March quarter of 2023-24. In the same quarter of 2022-23, the company had reported a net profit of INR 93.61 crores.
Adani Wilmar company has accumulated revenue of INR 13,342.26 crores in the March 2024 quarter. In the same quarter of 2022-23, the company had accumulated revenue of INR 14,185.68 crores. Adani Wilmar stock was trading at INR 349.15 on Friday, 3 May 2024, down by 0.65%.
For the entire financial year 2023-24, Adani Wilmar has posted a net profit of INR 147.99 crores. The company had reported a net profit of INR 582.12 crores in 2022-23. The company had accumulated revenue of INR 51,555.24 crores in the previous fiscal year. In 2022-23, the company had accumulated revenue of INR 59,148.32 crores.
Adani Wilmar’s MD and CEO, Anshu Malik, stated that the company has seen strong growth in the food oil and food business as the retail business scope of Wilmar company has expanded. Adani Wilmar is a joint venture between the Adani Group and Wilmar Group of Singapore.
Under the Fortune brand, Adani Wilmar is involved in selling food oil and household products for daily use. Prior to the March 2024 quarter results, investors in the stock market had heavily bought Adani Wilmar stock. Brokerage firm Nuwama has announced a target price of INR 480 for Adani Wilmar’s share based on the performance of the March quarter.
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
