Adani Wilmar clocks 14% growth in volume in FY23; revenue at Rs 55,000 cr
Adani Wilmar, which is into edible oil and other food businesses, on Thursday said it achieved nearly 14 per cent growth in volume in the last fiscal, helping the company's revenue to cross Rs 55,000 crore.
The company's total income stood at Rs 54,327.16 crore in the previous year.
Adani Wilmar sells edible oil and other food products under Fortune brand.
In a regulatory filing, Adani Wilmar said, "the company continued its growth story with year-on-year volume growth of close to 14 per cent in FY23, which enabled it to cross Rs 55,000 crore of revenue for the year."
The company made good progress in scaling up its operations and gaining market share across food products, it added.
"The food business is scaling up well in-line with our expectations. We have been making good progress in all enablers like sourcing, manufacturing, distribution, brand building and strengthening the teams for the new products.
"We closed the financial year 2023 with around Rs 3,800 crore of revenue i