AWL
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India's Dabur flags further price increases as Middle East war drives up costs
Middle East war raises costs for consumer goods makers
Dabur to shrink pack sizes in key price bands
Middle East sales lag as expatriates leave, Dabur says
Rewrites with comments from earnings call
May 7 (Reuters) - India's Dabur DABU.NS signaled a second round of price hikes after implementing a 4% increase across parts of its portfolio, as war in the Middle East drives up manufacturing and transportation costs.
A surge in energy prices caused by the war is rippling through global supply chains for common consumer goods, making materials like chemicals and plastics more expensive.
"We want to increase the margins from last year to the current year and mitigate all the inflation through price increases," Dabur said in a call with analysts after reporting results on Thursday.
Peers including Dove soapmaker Hindustan Unilever HLL.NS and cooking oil manufacturer AWL Agri Business AWLA.NS are also the tightening costs and raising prices to account for rising raw material costs.
Dabur is also shrinking the size of products priced at 10-20 rupees — a key price band for budget-conscious consumers — to manage inflation, after increasing pack sizes when India cut consumption taxes last year.
Along with the raw material inflation due to the regional conflict, the honey-to-toothpaste maker also faces sales pressure as the Middle East contributes 30%-35% of its international business.
Middle East and North Africa revenue climbed 1%, while most other regions posted double-digit growth. Dabur attributed the disparity partly to an exodus of expatriates from the Gulf, which in recent years has become a focus area for Indian consumer goods makers.
Separately, Dabur beat quarterly profit estimates, helped by steady demand after consumption tax cuts in India.
Consolidated profit jumped 15% to 3.69 billion rupees ($39.15 million), while revenue rose 7% to 30.38 billion rupees.
($1 = 94.2500 Indian rupees)
(Reporting by Urvi Dugar in Bengaluru and Praveen Paramasivam in Chennai; Editing by Nivedita Bhattacharjee and Ronojoy Mazumdar)
(([email protected]; +91 9558725583;))
Middle East war raises costs for consumer goods makers
Dabur to shrink pack sizes in key price bands
Middle East sales lag as expatriates leave, Dabur says
Rewrites with comments from earnings call
May 7 (Reuters) - India's Dabur DABU.NS signaled a second round of price hikes after implementing a 4% increase across parts of its portfolio, as war in the Middle East drives up manufacturing and transportation costs.
A surge in energy prices caused by the war is rippling through global supply chains for common consumer goods, making materials like chemicals and plastics more expensive.
"We want to increase the margins from last year to the current year and mitigate all the inflation through price increases," Dabur said in a call with analysts after reporting results on Thursday.
Peers including Dove soapmaker Hindustan Unilever HLL.NS and cooking oil manufacturer AWL Agri Business AWLA.NS are also the tightening costs and raising prices to account for rising raw material costs.
Dabur is also shrinking the size of products priced at 10-20 rupees — a key price band for budget-conscious consumers — to manage inflation, after increasing pack sizes when India cut consumption taxes last year.
Along with the raw material inflation due to the regional conflict, the honey-to-toothpaste maker also faces sales pressure as the Middle East contributes 30%-35% of its international business.
Middle East and North Africa revenue climbed 1%, while most other regions posted double-digit growth. Dabur attributed the disparity partly to an exodus of expatriates from the Gulf, which in recent years has become a focus area for Indian consumer goods makers.
Separately, Dabur beat quarterly profit estimates, helped by steady demand after consumption tax cuts in India.
Consolidated profit jumped 15% to 3.69 billion rupees ($39.15 million), while revenue rose 7% to 30.38 billion rupees.
($1 = 94.2500 Indian rupees)
(Reporting by Urvi Dugar in Bengaluru and Praveen Paramasivam in Chennai; Editing by Nivedita Bhattacharjee and Ronojoy Mazumdar)
(([email protected]; +91 9558725583;))
India's Marico expects annual revenue above view on premium push; margin pressure to weigh
Marico expects FY27 revenue above estimates
Push into premium segments a key driver
Cost cuts, price increases to offset higher crude-linked input costs, Marico says
Recasts paragraph 1; adds revenue forecast in paragraph 3, company comment in paragraph 10; updates shares in paragraph 5
By Surbhi Misra and Praveen Paramasivam
May 5 (Reuters) - India's Marico MRCO.NS forecast annual revenue above estimates on Tuesday, betting on steady volume growth and expansion in its premium segments, even as it warned of price hikes and shrinking margins after Middle East tensions drove up input costs.
The consumer goods major, which is known for its Parachute and Saffola brands of oils, has made a strong push into the premium tier in the foods and personal care segments, adding brands such as Plix, True Elements, Beardo and Just Herbs over the last decade. The shift away from oils is a move that peer AWL Agri Business AWLA.NS is also pursuing.
Marico forecast consolidated revenue crossing 150 billion rupees ($1.57 billion) for the ongoing fiscal year ending March 2027, above estimates of 146.94 billion rupees, according to data compiled by LSEG.
The segment accounted for around 23% of its overall revenue in fiscal 2026, the company said, expecting the segment to grow to around 33% by fiscal 2030.
Shares closed 2.9% higher, reversing course from losses of 2.7%, after the firm said it aspired to deliver earnings before interest, taxes, depreciation, and amortization (EBITDA) growth in the high-teen percentage range in fiscal 2027, subject to "stable" macro conditions.
MARGIN PRESSURES
Ongoing geopolitical tensions have pushed Brent crude prices to above $110, eating into the company's EBITDA margin, which shrank 114 basis points to 15.6% for the fourth quarter ended March 31.
Marico, echoing consumer goods peers - including bellwether Hindustan Unilever HLL.NS - said it would cut costs and raise prices to protect its margins.
"Vegetable oils and other crude‑linked inputs continue to exhibit an inflationary bias, following the ongoing geopolitical developments in the Middle East," the company said, adding that a decline in prices of copra, a key ingredient for coconut oil, will help alleviate potential crude-related pressures.
For the fourth quarter, revenue climbed 22% to 33.33 billion rupees, while profit rose 14% to 3.91 billion rupees, beating estimates of 3.85 billion rupees.
($1 = 95.2800 Indian rupees)
Marico EBITDA margins drop amid cost pressures https://reut.rs/49eShrf
Marico quarterly profit fluctuates despite growth https://reut.rs/4dpTIpe
(Reporting by Surbhi Misra in Bengaluru and Praveen Paramasivam in Chennai; Editing by Janane Venkatraman)
Marico expects FY27 revenue above estimates
Push into premium segments a key driver
Cost cuts, price increases to offset higher crude-linked input costs, Marico says
Recasts paragraph 1; adds revenue forecast in paragraph 3, company comment in paragraph 10; updates shares in paragraph 5
By Surbhi Misra and Praveen Paramasivam
May 5 (Reuters) - India's Marico MRCO.NS forecast annual revenue above estimates on Tuesday, betting on steady volume growth and expansion in its premium segments, even as it warned of price hikes and shrinking margins after Middle East tensions drove up input costs.
The consumer goods major, which is known for its Parachute and Saffola brands of oils, has made a strong push into the premium tier in the foods and personal care segments, adding brands such as Plix, True Elements, Beardo and Just Herbs over the last decade. The shift away from oils is a move that peer AWL Agri Business AWLA.NS is also pursuing.
Marico forecast consolidated revenue crossing 150 billion rupees ($1.57 billion) for the ongoing fiscal year ending March 2027, above estimates of 146.94 billion rupees, according to data compiled by LSEG.
The segment accounted for around 23% of its overall revenue in fiscal 2026, the company said, expecting the segment to grow to around 33% by fiscal 2030.
Shares closed 2.9% higher, reversing course from losses of 2.7%, after the firm said it aspired to deliver earnings before interest, taxes, depreciation, and amortization (EBITDA) growth in the high-teen percentage range in fiscal 2027, subject to "stable" macro conditions.
MARGIN PRESSURES
Ongoing geopolitical tensions have pushed Brent crude prices to above $110, eating into the company's EBITDA margin, which shrank 114 basis points to 15.6% for the fourth quarter ended March 31.
Marico, echoing consumer goods peers - including bellwether Hindustan Unilever HLL.NS - said it would cut costs and raise prices to protect its margins.
"Vegetable oils and other crude‑linked inputs continue to exhibit an inflationary bias, following the ongoing geopolitical developments in the Middle East," the company said, adding that a decline in prices of copra, a key ingredient for coconut oil, will help alleviate potential crude-related pressures.
For the fourth quarter, revenue climbed 22% to 33.33 billion rupees, while profit rose 14% to 3.91 billion rupees, beating estimates of 3.85 billion rupees.
($1 = 95.2800 Indian rupees)
Marico EBITDA margins drop amid cost pressures https://reut.rs/49eShrf
Marico quarterly profit fluctuates despite growth https://reut.rs/4dpTIpe
(Reporting by Surbhi Misra in Bengaluru and Praveen Paramasivam in Chennai; Editing by Janane Venkatraman)
India's AWL flags 20% rise in oil-linked costs amid Middle East conflict
By Praveen Paramasivam
April 29 (Reuters) - Indian consumer goods maker AWL Agri Business AWLA.NS is grappling with a roughly 20% surge in some crude-linked input costs as the Middle East conflict drives up prices for fuel, chemicals and packaging materials, its CEO said.
The pressures reflect a broader industry trend, with peers such as bottled water maker Bisleri and Dove soapmaker Hindustan Unilever HLL.NS raising prices to counter higher conflict-linked input costs.
"Costs have gone up for us in terms of chemicals, packing material and coal, so that is something which remains a cause of concern even today," Shrikant Kanhere, AWL's managing director and CEO, told Reuters in an interview.
AWL, home of brands including Fortune cooking oil and Kohinoor rice, is adjusting prices in line with market movements, absorbing part of the increase while passing the rest on to consumers, Kanhere said, without giving details.
Input costs for some crude-linked materials have risen by about 20% since the conflict began, translating into a cost impact of roughly 25 to 50 basis points, he added.
Global oil prices have surged amid fears of supply disruptions. Brent crude has climbed from the low $70s a barrel before the Middle East conflict to above $110, market data show.
The company, which is cutting packaging and fuel use at its plants to limit the hit to profits, expects per-ton margins to be broadly stable in fiscal 2027.
AWL is also expanding distribution and investing heavily in online channels and large-format grocers, which together posted nearly 50% growth last year, in a push to scale up volumes.
Kanhere forecast sales volume growth of 8% to 9% in fiscal 2027, nearly double last year's pace, with edible oils growing at a mid-single-digit rate and foods posting double-digit growth.
(Reporting by Praveen Paramasivam in Chennai; Editing by Dhanya Skariachan)
(([email protected]; +91 867-525-3569;))
By Praveen Paramasivam
April 29 (Reuters) - Indian consumer goods maker AWL Agri Business AWLA.NS is grappling with a roughly 20% surge in some crude-linked input costs as the Middle East conflict drives up prices for fuel, chemicals and packaging materials, its CEO said.
The pressures reflect a broader industry trend, with peers such as bottled water maker Bisleri and Dove soapmaker Hindustan Unilever HLL.NS raising prices to counter higher conflict-linked input costs.
"Costs have gone up for us in terms of chemicals, packing material and coal, so that is something which remains a cause of concern even today," Shrikant Kanhere, AWL's managing director and CEO, told Reuters in an interview.
AWL, home of brands including Fortune cooking oil and Kohinoor rice, is adjusting prices in line with market movements, absorbing part of the increase while passing the rest on to consumers, Kanhere said, without giving details.
Input costs for some crude-linked materials have risen by about 20% since the conflict began, translating into a cost impact of roughly 25 to 50 basis points, he added.
Global oil prices have surged amid fears of supply disruptions. Brent crude has climbed from the low $70s a barrel before the Middle East conflict to above $110, market data show.
The company, which is cutting packaging and fuel use at its plants to limit the hit to profits, expects per-ton margins to be broadly stable in fiscal 2027.
AWL is also expanding distribution and investing heavily in online channels and large-format grocers, which together posted nearly 50% growth last year, in a push to scale up volumes.
Kanhere forecast sales volume growth of 8% to 9% in fiscal 2027, nearly double last year's pace, with edible oils growing at a mid-single-digit rate and foods posting double-digit growth.
(Reporting by Praveen Paramasivam in Chennai; Editing by Dhanya Skariachan)
(([email protected]; +91 867-525-3569;))
India's AWL Agri Business beats fourth-quarter profit estimates as edible oils drive growth
April 28 (Reuters) - India's AWL Agri Business AWLA.NS, previously known as Adani Wilmar, posted better-than-expected fourth-quarter profit on Tuesday, driven by growth in its edible oils business.
Here are some details:
The consumer goods maker reported a consolidated net profit of 2.92 billion rupees ($30.89 million) for the quarter ended March 31, beating analysts' estimate of 2.71 billion rupees, according to data compiled by LSEG.
"This growth was primarily driven by robust offtake in the Edible Oil segment, aided by improved consumer demand," AWL said in a statement.
Sales volumes in AWL's core edible oils business rose 17% year-on-year during the quarter.
Revenue from the oil segment was up 18.6% at 175.2 billion rupees.
Revenue from AWL's foods and FMCG segment rose 18% year-on-year, supported by demand for staples and packaged foods.
Revenue from operations rose 17.75% year-on-year to 214.65 billion rupees, missing estimates of 215.1 billion rupees.
AWL shares closed 0.5% lower ahead of the results. The stock has fallen about 13.65% so far this year.
($1 = 94.5400 Indian rupees)
(Reporting by Bipasha Dey in Bengaluru; Editing by Sumana Nandy)
(([email protected];))
April 28 (Reuters) - India's AWL Agri Business AWLA.NS, previously known as Adani Wilmar, posted better-than-expected fourth-quarter profit on Tuesday, driven by growth in its edible oils business.
Here are some details:
The consumer goods maker reported a consolidated net profit of 2.92 billion rupees ($30.89 million) for the quarter ended March 31, beating analysts' estimate of 2.71 billion rupees, according to data compiled by LSEG.
"This growth was primarily driven by robust offtake in the Edible Oil segment, aided by improved consumer demand," AWL said in a statement.
Sales volumes in AWL's core edible oils business rose 17% year-on-year during the quarter.
Revenue from the oil segment was up 18.6% at 175.2 billion rupees.
Revenue from AWL's foods and FMCG segment rose 18% year-on-year, supported by demand for staples and packaged foods.
Revenue from operations rose 17.75% year-on-year to 214.65 billion rupees, missing estimates of 215.1 billion rupees.
AWL shares closed 0.5% lower ahead of the results. The stock has fallen about 13.65% so far this year.
($1 = 94.5400 Indian rupees)
(Reporting by Bipasha Dey in Bengaluru; Editing by Sumana Nandy)
(([email protected];))
India's AWL Agri expects US tariff cuts to boost oil, basmati rice exports
Recasts headline and paragraph 1 with executive comment; Adds details on tariffs from paragraph 2
By Praveen Paramasivam and Mridula Kumar
Feb 3 (Reuters) - India's AWL Agri Business AWLA.NS, previously known as Adani Wilmar, expects lower U.S. duties to help boost exports of its Fortune-branded basmati rice and edible oils to the United States, a top executive said on Tuesday.
President Donald Trump on Monday announced a trade deal with India that slashes U.S. tariffs on Indian goods to 18% from 50% in exchange for India halting Russian oil purchases and lowering trade barriers.
AWL Agri, which brings in 8% of its sales from exports, plans to better leverage its distributors and Singapore parent Wilmar International's network to expand its U.S. reach, Executive Deputy Chairman Angshu Mallick told Reuters.
It earns roughly 5% of export revenue from the United States and expects that share to rise after the tariff cut, though Mallick said the company still needs to review the fine print of the new trade deal.
For fiscal 2026, Mallick said AWL's revenue should cross 715 billion rupees ($7.91 billion), while analysts polled by LSEG project 708.6 billion rupees.
Indian consumer goods makers have highlighted a rebound in demand after several subdued quarters, as the government's consumption tax cuts went into effect at the end of September.
Sales volumes in AWL's mainstay edible oil business increased 8% during the December quarter, with overall revenue climbing 10% to a record 186.03 billion rupees.
However, profit slumped 35% to 2.69 billion rupees as a one-off gain from commodity price increases boosted the company's earnings in the year-ago quarter.
High commodity prices typically hurt packaged cooking oil makers by forcing price increases that squeeze sales, though holding lower-cost inventory can boost profits when market prices rise.
AWL Agri changed its name from Adani Wilmar last March after Adani Group exited the joint venture by selling its stake to Singapore's Wilmar WLIL.SI.
($1 = 90.3500 Indian rupees)
(Reporting by Mridula Kumar in Bengaluru and Praveen Paramasivam in Chennai; Editing by Eileen Soreng, Mrigank Dhaniwala and Sonia Cheema)
Recasts headline and paragraph 1 with executive comment; Adds details on tariffs from paragraph 2
By Praveen Paramasivam and Mridula Kumar
Feb 3 (Reuters) - India's AWL Agri Business AWLA.NS, previously known as Adani Wilmar, expects lower U.S. duties to help boost exports of its Fortune-branded basmati rice and edible oils to the United States, a top executive said on Tuesday.
President Donald Trump on Monday announced a trade deal with India that slashes U.S. tariffs on Indian goods to 18% from 50% in exchange for India halting Russian oil purchases and lowering trade barriers.
AWL Agri, which brings in 8% of its sales from exports, plans to better leverage its distributors and Singapore parent Wilmar International's network to expand its U.S. reach, Executive Deputy Chairman Angshu Mallick told Reuters.
It earns roughly 5% of export revenue from the United States and expects that share to rise after the tariff cut, though Mallick said the company still needs to review the fine print of the new trade deal.
For fiscal 2026, Mallick said AWL's revenue should cross 715 billion rupees ($7.91 billion), while analysts polled by LSEG project 708.6 billion rupees.
Indian consumer goods makers have highlighted a rebound in demand after several subdued quarters, as the government's consumption tax cuts went into effect at the end of September.
Sales volumes in AWL's mainstay edible oil business increased 8% during the December quarter, with overall revenue climbing 10% to a record 186.03 billion rupees.
However, profit slumped 35% to 2.69 billion rupees as a one-off gain from commodity price increases boosted the company's earnings in the year-ago quarter.
High commodity prices typically hurt packaged cooking oil makers by forcing price increases that squeeze sales, though holding lower-cost inventory can boost profits when market prices rise.
AWL Agri changed its name from Adani Wilmar last March after Adani Group exited the joint venture by selling its stake to Singapore's Wilmar WLIL.SI.
($1 = 90.3500 Indian rupees)
(Reporting by Mridula Kumar in Bengaluru and Praveen Paramasivam in Chennai; Editing by Eileen Soreng, Mrigank Dhaniwala and Sonia Cheema)
India's AWL Agri Business bets on packaged foods to protect margins from volatile oils
By Praveen Paramasivam
Nov 4 (Reuters) - India's AWL Agri Business AWLA.NS plans to boost its higher-margin packaged foods segment to cut reliance on its volatile edible oil business, aiming to increase the category's share of total volume to 30% within five years, a top executive told Reuters.
Peers such as Marico MRCO.NS, owner of the Saffola brand, are making similar moves by adding products like oats, muesli and soya nuggets to meet rising demand for branded staples.
"Food remains a high focus for us because ... food has a better margin profile as compared to edible oil," Shrikant Kanhere, newly appointed managing director and CEO of the company, formerly called Adani Wilmar, said in an interview late on Monday.
Government data showed that oils and fats inflation averaged 18%–21% in the September quarter, the highest among food and beverage categories, as edible oil prices stayed elevated for a year.
Kanhere, who took over as managing director and CEO from Angshu Mallick on Tuesday, said foods currently make up about a fifth of AWL Agri Business' total volume and are expected to rise to 30% within five years.
The Fortune brand owner expects revenue to grow 10% in the second half of the fiscal year, driven by wider product availability.
The company, which directly reaches 900,000 retail outlets, aims to expand that to 1 million by next year.
Still, the projection marks a sharp slowdown from about 35% growth a year earlier, when surging edible oil prices boosted sales. In the September quarter , high prices again hurt volumes as consumers shifted to cheaper alternatives.
(Reporting by Praveen Paramasivam in Chennai; Editing by Nivedita Bhattacharjee)
(([email protected]; +91 867-525-3569;))
By Praveen Paramasivam
Nov 4 (Reuters) - India's AWL Agri Business AWLA.NS plans to boost its higher-margin packaged foods segment to cut reliance on its volatile edible oil business, aiming to increase the category's share of total volume to 30% within five years, a top executive told Reuters.
Peers such as Marico MRCO.NS, owner of the Saffola brand, are making similar moves by adding products like oats, muesli and soya nuggets to meet rising demand for branded staples.
"Food remains a high focus for us because ... food has a better margin profile as compared to edible oil," Shrikant Kanhere, newly appointed managing director and CEO of the company, formerly called Adani Wilmar, said in an interview late on Monday.
Government data showed that oils and fats inflation averaged 18%–21% in the September quarter, the highest among food and beverage categories, as edible oil prices stayed elevated for a year.
Kanhere, who took over as managing director and CEO from Angshu Mallick on Tuesday, said foods currently make up about a fifth of AWL Agri Business' total volume and are expected to rise to 30% within five years.
The Fortune brand owner expects revenue to grow 10% in the second half of the fiscal year, driven by wider product availability.
The company, which directly reaches 900,000 retail outlets, aims to expand that to 1 million by next year.
Still, the projection marks a sharp slowdown from about 35% growth a year earlier, when surging edible oil prices boosted sales. In the September quarter , high prices again hurt volumes as consumers shifted to cheaper alternatives.
(Reporting by Praveen Paramasivam in Chennai; Editing by Nivedita Bhattacharjee)
(([email protected]; +91 867-525-3569;))
AWL Agri Business Says German Federal Cartel Office Approves Lence Deal
Sept 2 (Reuters) - AWL Agri Business Ltd AWLA.NS:
GERMAN FEDERAL CARTEL OFFICE APPROVES LENCE DEAL
Source text: ID:nBSE7pvTFt
Further company coverage: AWLA.NS
(([email protected];;))
Sept 2 (Reuters) - AWL Agri Business Ltd AWLA.NS:
GERMAN FEDERAL CARTEL OFFICE APPROVES LENCE DEAL
Source text: ID:nBSE7pvTFt
Further company coverage: AWLA.NS
(([email protected];;))
Shajaeatan Investment Fzco Acquires 8.52% Stake In Awl Agri Business - Exchange Filing
July 22 (Reuters) -
SHAJAEATAN INVESTMENT FZCO ACQUIRES 8.52% STAKE IN AWL AGRI BUSINESS - EXCHANGE FILING
Source text: ID:nBSE9bRYdS
Further company coverage: AWLA.NS
(([email protected];;))
July 22 (Reuters) -
SHAJAEATAN INVESTMENT FZCO ACQUIRES 8.52% STAKE IN AWL AGRI BUSINESS - EXCHANGE FILING
Source text: ID:nBSE9bRYdS
Further company coverage: AWLA.NS
(([email protected];;))
India's AWL Agri Business posts profit fall on muted consumer demand
July 15 (Reuters) - India's AWL Agri Business AWLA.NS, previously known as Adani Wilmar, reported a nearly 25% fall in quarterly profit on Tuesday, as higher prices of branded palm oil led consumers to opt for cheaper alternatives.
Indian consumers operating on tight budgets due to slow wage growth have been increasingly shunning large brands in response to price increases.
The consumer goods maker, which makes the Fortune brand of cooking oil, reported a consolidated net profit of 2.36 billion rupees ($27.51 million) for the first quarter ended June 30, according to a regulatory filing.
Sales volumes in its mainstay edible oil business, which accounted for four-fifths of its topline during the quarter, dropped 4% on slow palm oil sales, even as higher prices helped push revenue higher.
Volumes in the segment "remained under pressure, largely due to sluggish palm oil sales driven by its relatively higher prices," AWL Agri Business said in a statement, adding it lost market share during the quarter.
Overall revenue rose 21% to 170.59 billion rupees.
AWL's food business, which sells staples such as rice and pulses, posted a 5% fall in volumes, excluding a one-off impact, as wheat flour sales struggled to maintain margins due to soft demand, stiff local competition and higher prices.
Shares fell 2.2% after the results.
Rival Marico MRCO.NS, which sells the Saffola brand of cooking oil, is yet to report results. It said in an update earlier this month that first-quarter revenue would grow in the low-20s percentage range on improving rural demand.
($1 = 85.7870 Indian rupees)
(Reporting by Praveen Paramasivam; Editing by Janane Venkatraman)
(([email protected];))
July 15 (Reuters) - India's AWL Agri Business AWLA.NS, previously known as Adani Wilmar, reported a nearly 25% fall in quarterly profit on Tuesday, as higher prices of branded palm oil led consumers to opt for cheaper alternatives.
Indian consumers operating on tight budgets due to slow wage growth have been increasingly shunning large brands in response to price increases.
The consumer goods maker, which makes the Fortune brand of cooking oil, reported a consolidated net profit of 2.36 billion rupees ($27.51 million) for the first quarter ended June 30, according to a regulatory filing.
Sales volumes in its mainstay edible oil business, which accounted for four-fifths of its topline during the quarter, dropped 4% on slow palm oil sales, even as higher prices helped push revenue higher.
Volumes in the segment "remained under pressure, largely due to sluggish palm oil sales driven by its relatively higher prices," AWL Agri Business said in a statement, adding it lost market share during the quarter.
Overall revenue rose 21% to 170.59 billion rupees.
AWL's food business, which sells staples such as rice and pulses, posted a 5% fall in volumes, excluding a one-off impact, as wheat flour sales struggled to maintain margins due to soft demand, stiff local competition and higher prices.
Shares fell 2.2% after the results.
Rival Marico MRCO.NS, which sells the Saffola brand of cooking oil, is yet to report results. It said in an update earlier this month that first-quarter revenue would grow in the low-20s percentage range on improving rural demand.
($1 = 85.7870 Indian rupees)
(Reporting by Praveen Paramasivam; Editing by Janane Venkatraman)
(([email protected];))
AWL Agri Business' Q1 Revenue Rises 21% On Higher Edible Oil Prices
July 3 (Reuters) - AWL Agri Business Ltd AWLA.NS:
QUARTERLY UPDATE ON BUSINESS FOR Q1
4% YOY DECLINE IN OVERALL VOLUMES IN Q1
Q1 REVENUE RISES 21% YOY DRIVEN BY HIGHER EDIBLE OIL REALIZATIONS
Q1 FOOD & FMCG SEGMENT REVENUE DECLINES 2% YOY
Q1 EDIBLE OILS VOLUME DECLINES 2% YOY DUE TO PALM OIL SALES PRESSURE
Q1 BRANDED EXPORTS VOLUME GROWS 22% YOY, REVENUE SURPASSES 3 BILLION RUPEES
QUICK COMMERCE SALES GROW 75% YOY IN Q1
Source text: ID:nNSE7FfGB4
Further company coverage: AWLA.NS
(([email protected];))
July 3 (Reuters) - AWL Agri Business Ltd AWLA.NS:
QUARTERLY UPDATE ON BUSINESS FOR Q1
4% YOY DECLINE IN OVERALL VOLUMES IN Q1
Q1 REVENUE RISES 21% YOY DRIVEN BY HIGHER EDIBLE OIL REALIZATIONS
Q1 FOOD & FMCG SEGMENT REVENUE DECLINES 2% YOY
Q1 EDIBLE OILS VOLUME DECLINES 2% YOY DUE TO PALM OIL SALES PRESSURE
Q1 BRANDED EXPORTS VOLUME GROWS 22% YOY, REVENUE SURPASSES 3 BILLION RUPEES
QUICK COMMERCE SALES GROW 75% YOY IN Q1
Source text: ID:nNSE7FfGB4
Further company coverage: AWLA.NS
(([email protected];))
AWL Agri Business March-Quarter Consol Net Profit 1.9 Billion Rupees
April 28 (Reuters) - AWL Agri Business Ltd AWLA.NS:
AWL AGRI BUSINESS MARCH-QUARTER CONSOL NET PROFIT 1.9 BILLION RUPEES
AWL AGRI BUSINESS MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 182.3 BILLION RUPEES
Source text: [ID:]
Further company coverage: AWLA.NS
(([email protected];))
April 28 (Reuters) - AWL Agri Business Ltd AWLA.NS:
AWL AGRI BUSINESS MARCH-QUARTER CONSOL NET PROFIT 1.9 BILLION RUPEES
AWL AGRI BUSINESS MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 182.3 BILLION RUPEES
Source text: [ID:]
Further company coverage: AWLA.NS
(([email protected];))
AWL Agri Business Acquires 80% Of G.D. Foods Manufacturing
April 16 (Reuters) - AWL Agri Business Ltd AWLA.NS:
ACQUIRES 80% OF G.D. FOODS MANUFACTURING
TO ACQUIRE REMAINING 20% OF G.D. FOODS BY FY 2028-29
Source text: ID:nBSE4xSV1q
Further company coverage: AWLA.NS
(([email protected];;))
April 16 (Reuters) - AWL Agri Business Ltd AWLA.NS:
ACQUIRES 80% OF G.D. FOODS MANUFACTURING
TO ACQUIRE REMAINING 20% OF G.D. FOODS BY FY 2028-29
Source text: ID:nBSE4xSV1q
Further company coverage: AWLA.NS
(([email protected];;))
AWL Agri Business Records 7% YoY Volume Growth In Q4
April 3 (Reuters) - AWL Agri Business Ltd ADAW.NS:
AWL AGRI BUSINESS LTD - RECORDS 7% YOY VOLUME GROWTH IN Q4
AWL AGRI BUSINESS LTD- RECORDED A ROBUST 7% YOY VOLUME GROWTH IN Q4
AWL AGRI BUSINESS LTD - REVENUE INCREASES 36% YOY IN Q4
AWL AGRI BUSINESS LTD- WITNESSED BETTER GROWTH IN RURAL TOWNS COMPARED TO URBAN MARKETS
AWL AGRI BUSINESS LTD- THERE HAS BEEN A DECLINE IN INDUSTRY ESSENTIALS BUSINESS
AWL AGRI BUSINESS LTD - IN Q4, EDIBLE OIL VOLUME GREW BY 6% YOY
AWL AGRI BUSINESS LTD - IN Q4, THE FOOD & FMCG SEGMENT DELIVERED 11% YOY REVENUE GROWTH
AWL AGRI- QUICK COMMERCE SALES VOLUME BEST QUARTER IN TWO YEARS WITH 100%+ YOY INCREASE IN Q4
Source text: ID:nBSE9HFBrr
Further company coverage: ADAW.NS
(([email protected];))
April 3 (Reuters) - AWL Agri Business Ltd ADAW.NS:
AWL AGRI BUSINESS LTD - RECORDS 7% YOY VOLUME GROWTH IN Q4
AWL AGRI BUSINESS LTD- RECORDED A ROBUST 7% YOY VOLUME GROWTH IN Q4
AWL AGRI BUSINESS LTD - REVENUE INCREASES 36% YOY IN Q4
AWL AGRI BUSINESS LTD- WITNESSED BETTER GROWTH IN RURAL TOWNS COMPARED TO URBAN MARKETS
AWL AGRI BUSINESS LTD- THERE HAS BEEN A DECLINE IN INDUSTRY ESSENTIALS BUSINESS
AWL AGRI BUSINESS LTD - IN Q4, EDIBLE OIL VOLUME GREW BY 6% YOY
AWL AGRI BUSINESS LTD - IN Q4, THE FOOD & FMCG SEGMENT DELIVERED 11% YOY REVENUE GROWTH
AWL AGRI- QUICK COMMERCE SALES VOLUME BEST QUARTER IN TWO YEARS WITH 100%+ YOY INCREASE IN Q4
Source text: ID:nBSE9HFBrr
Further company coverage: ADAW.NS
(([email protected];))
Adani Wilmar Executes SPA To Acquire G.D. Foods
March 4 (Reuters) - Adani Wilmar Ltd ADAW.NS:
ADANI WILMAR LTD - EXECUTES SPA TO ACQUIRE G.D. FOODS
ADANI WILMAR LTD - FIRST TRANCHE VALUED AT 6.03 BILLION RUPEES FOR 80% SHARE
Source text: ID:nBSE80zXt1
Further company coverage: ADAW.NS
(([email protected];;))
March 4 (Reuters) - Adani Wilmar Ltd ADAW.NS:
ADANI WILMAR LTD - EXECUTES SPA TO ACQUIRE G.D. FOODS
ADANI WILMAR LTD - FIRST TRANCHE VALUED AT 6.03 BILLION RUPEES FOR 80% SHARE
Source text: ID:nBSE80zXt1
Further company coverage: ADAW.NS
(([email protected];;))
Adani Wilmar Gets Tax Order With Penalty Of 1.9 Million Rupees
Feb 25 (Reuters) - Adani Wilmar Ltd ADAW.NS:
ADANI WILMAR LTD - GETS TAX ORDER WITH PENALTY OF 1.9 MILLION RUPEES
Source text: ID:nBSE5dWSHN
Further company coverage: ADAW.NS
(([email protected];;))
Feb 25 (Reuters) - Adani Wilmar Ltd ADAW.NS:
ADANI WILMAR LTD - GETS TAX ORDER WITH PENALTY OF 1.9 MILLION RUPEES
Source text: ID:nBSE5dWSHN
Further company coverage: ADAW.NS
(([email protected];;))
Rural demand, price hikes power India consumer goods sector growth, NielsenIQ says
Feb 6 (Reuters) - Solid demand in rural areas, as well as higher prices of staples including edible oil and wheat flour, helped the consumer goods sector report a 10.6% sales growth in the December quarter, market researcher NielsenIQ said on Thursday.
India's rural areas - which account for just over a third of consumer goods sales - have proven a bright spot for an industry struggling with an inflation-led spending slowdown in large cities.
"Rural markets (continued) to lead the charge, outpacing urban consumption (during the December quarter)," Roosevelt Dsouza, head of customer success for consumer goods at NielsenIQ, said in a statement.
Sales volume jumped 9.9% in rural areas in the December quarter, up from 5.7% in the previous quarter - double the 5% increase in urban centers, NielsenIQ said. But it added urban pockets also improved from the September quarter's 2.6% growth.
Rural areas have outperformed urban locations for the last four quarters, benefiting from income support schemes rolled out by several Indian states, while slowing salary increases in cities have squeezed consumer spending.
In the October-December quarter, overall volume rose by 7.1% - the highest in over a year - driven by demand for laundry products and edible oil, even as prices rose by 3.3%, according to NielsenIQ.
Dabur India DABU.NS and Hindustan Unilever HLL.NS reported a higher December-quarter profit on recovering rural demand.
However, large consumer goods makers, with topline exceeding 50 billion rupees ($571.2 million) are also facing stiff competition from smaller rivals, whose sales increased roughly twice as fast during the festive quarter, NielsenIQ said.
Consumer goods makers have also raised product prices to counter price increases in commodities such as copra and cocoa, with cooking oil maker Adani Wilmar ADAW.NS and Hindustan Unilever warning of further hikes.
Indians also preferred smaller product packs during the quarter, NielsenIQ said, echoing comments from Hindustan Unilever.
($1 = 87.5400 Indian rupees)
(Reporting by Praveen Paramasivam in Chennai; Editing by Eileen Soreng)
(([email protected]; +91 867-525-3569;))
Feb 6 (Reuters) - Solid demand in rural areas, as well as higher prices of staples including edible oil and wheat flour, helped the consumer goods sector report a 10.6% sales growth in the December quarter, market researcher NielsenIQ said on Thursday.
India's rural areas - which account for just over a third of consumer goods sales - have proven a bright spot for an industry struggling with an inflation-led spending slowdown in large cities.
"Rural markets (continued) to lead the charge, outpacing urban consumption (during the December quarter)," Roosevelt Dsouza, head of customer success for consumer goods at NielsenIQ, said in a statement.
Sales volume jumped 9.9% in rural areas in the December quarter, up from 5.7% in the previous quarter - double the 5% increase in urban centers, NielsenIQ said. But it added urban pockets also improved from the September quarter's 2.6% growth.
Rural areas have outperformed urban locations for the last four quarters, benefiting from income support schemes rolled out by several Indian states, while slowing salary increases in cities have squeezed consumer spending.
In the October-December quarter, overall volume rose by 7.1% - the highest in over a year - driven by demand for laundry products and edible oil, even as prices rose by 3.3%, according to NielsenIQ.
Dabur India DABU.NS and Hindustan Unilever HLL.NS reported a higher December-quarter profit on recovering rural demand.
However, large consumer goods makers, with topline exceeding 50 billion rupees ($571.2 million) are also facing stiff competition from smaller rivals, whose sales increased roughly twice as fast during the festive quarter, NielsenIQ said.
Consumer goods makers have also raised product prices to counter price increases in commodities such as copra and cocoa, with cooking oil maker Adani Wilmar ADAW.NS and Hindustan Unilever warning of further hikes.
Indians also preferred smaller product packs during the quarter, NielsenIQ said, echoing comments from Hindustan Unilever.
($1 = 87.5400 Indian rupees)
(Reporting by Praveen Paramasivam in Chennai; Editing by Eileen Soreng)
(([email protected]; +91 867-525-3569;))
India's Adani Wilmar bets on urban revival, quick grocery delivery to grow 10%
Feb 5 (Reuters) - Adani Wilmar ADAW.NS is expecting an around 10% growth in sales volume next fiscal year, CEO Angshu Mallick told Reuters on Wednesday, counting on demand from 10-minute grocery delivery apps and a tax cut-led revival in urban consumer spending.
(Reporting by Praveen Paramasivam; Editing by Sonia Cheema)
(([email protected]; +91 867-525-3569;))
Feb 5 (Reuters) - Adani Wilmar ADAW.NS is expecting an around 10% growth in sales volume next fiscal year, CEO Angshu Mallick told Reuters on Wednesday, counting on demand from 10-minute grocery delivery apps and a tax cut-led revival in urban consumer spending.
(Reporting by Praveen Paramasivam; Editing by Sonia Cheema)
(([email protected]; +91 867-525-3569;))
India's Marico misses profit estimates as costs overshadow price-led growth
Jan 31 (Reuters) - Indian consumer goods maker Marico MRCO.NS reported a smaller-than-expected quarterly profit on Friday, as higher raw material costs and marketing spends overshadowed price increases-led growth.
Rising prices of raw materials including copra and vegetable oil weighed on the Parachute coconut oil maker's profits, while the company also faces intense competition and continues to spend heavily on marketing and advertising.
Marico's expenses rose 17.7% to 23.18 billion rupees ($267.54 million) during the third quarter ended Dec. 31.
Consolidated net profit stood at 3.99 billion rupees ($46.05 million), compared to 3.83 billion rupees a year earlier. Analysts, on average, were expecting a profit of 4.02 billion rupees, according to data compiled by LSEG.
Revenue, however, came in at 27.94 billion rupees, up 15.4% from a year earlier, supported by improving demand in rural areas and product price increases.
Marico said it would raise prices of its products further to make up for an expected "firmness" in commodity prices, noting copra prices, up 38% this financial year, were ahead of its forecasts.
It also said its revenue would increase in the double-digit percentage range in the medium term by increasing its market share across its portfolio of brands.
Meanwhile, Dove soap maker and industry bellwether Hindustan Unilever HLL.NS reported below-expectation results last week and forecast margin pressures ahead.
($1 = 86.6400 Indian rupees)
(Reporting by Praveen Paramasivam in Chennai; Editing by Shailesh Kuber)
(([email protected]; +91 867-525-3569;))
Jan 31 (Reuters) - Indian consumer goods maker Marico MRCO.NS reported a smaller-than-expected quarterly profit on Friday, as higher raw material costs and marketing spends overshadowed price increases-led growth.
Rising prices of raw materials including copra and vegetable oil weighed on the Parachute coconut oil maker's profits, while the company also faces intense competition and continues to spend heavily on marketing and advertising.
Marico's expenses rose 17.7% to 23.18 billion rupees ($267.54 million) during the third quarter ended Dec. 31.
Consolidated net profit stood at 3.99 billion rupees ($46.05 million), compared to 3.83 billion rupees a year earlier. Analysts, on average, were expecting a profit of 4.02 billion rupees, according to data compiled by LSEG.
Revenue, however, came in at 27.94 billion rupees, up 15.4% from a year earlier, supported by improving demand in rural areas and product price increases.
Marico said it would raise prices of its products further to make up for an expected "firmness" in commodity prices, noting copra prices, up 38% this financial year, were ahead of its forecasts.
It also said its revenue would increase in the double-digit percentage range in the medium term by increasing its market share across its portfolio of brands.
Meanwhile, Dove soap maker and industry bellwether Hindustan Unilever HLL.NS reported below-expectation results last week and forecast margin pressures ahead.
($1 = 86.6400 Indian rupees)
(Reporting by Praveen Paramasivam in Chennai; Editing by Shailesh Kuber)
(([email protected]; +91 867-525-3569;))
Adani Wilmar Q3 Consol Net Profit 4.11 Billion Rupees
Jan 27 (Reuters) - Adani Wilmar Ltd ADAW.NS:
ADANI WILMAR Q3 CONSOL NET PROFIT 4.11 BILLION RUPEES
ADANI WILMAR Q3 CONSOL REVENUE FROM OPERATIONS 168.59 BILLION RUPEES
ADANI WILMAR LTD - Q3 UNDERLYING VOLUME GROWTH OF 5% YOY
Source text: [ID:]
Further company coverage: ADAW.NS
(([email protected];))
Jan 27 (Reuters) - Adani Wilmar Ltd ADAW.NS:
ADANI WILMAR Q3 CONSOL NET PROFIT 4.11 BILLION RUPEES
ADANI WILMAR Q3 CONSOL REVENUE FROM OPERATIONS 168.59 BILLION RUPEES
ADANI WILMAR LTD - Q3 UNDERLYING VOLUME GROWTH OF 5% YOY
Source text: [ID:]
Further company coverage: ADAW.NS
(([email protected];))
Adani Wilmar Starts Operations At Its Food Processing Plant In Gohana
Jan 23 (Reuters) - Adani Wilmar Ltd ADAW.NS:
COMMENCEMENT OF OPERATIONS AT ITS FOOD PROCESSING PLANT IN GOHANA
Source text: [ID:]
Further company coverage: ADAW.NS
(([email protected];;))
Jan 23 (Reuters) - Adani Wilmar Ltd ADAW.NS:
COMMENCEMENT OF OPERATIONS AT ITS FOOD PROCESSING PLANT IN GOHANA
Source text: [ID:]
Further company coverage: ADAW.NS
(([email protected];;))
Adani Wilmar Says Promoter Group Shareholding Reduced To 74.36%
Jan 14 (Reuters) - Adani Wilmar Ltd ADAW.NS:
PROMOTER GROUP SHAREHOLDING REDUCED TO 74.36%
NOW COMPLIANT WITH 25% MINIMUM PUBLIC SHAREHOLDING
Source text: ID:nNSE2YCxzd
Further company coverage: ADAW.NS
(([email protected];;))
Jan 14 (Reuters) - Adani Wilmar Ltd ADAW.NS:
PROMOTER GROUP SHAREHOLDING REDUCED TO 74.36%
NOW COMPLIANT WITH 25% MINIMUM PUBLIC SHAREHOLDING
Source text: ID:nNSE2YCxzd
Further company coverage: ADAW.NS
(([email protected];;))
Adani Wilmar Says Adani Commodities To Exercise Oversubscription Option
Jan 10 (Reuters) - Adani Wilmar Ltd ADAW.NS:
ADANI WILMAR LTD - INTENTION TO EXERCISE OVERSUBSCRIPTION OPTION
ADANI WILMAR - INTENTION TO EXERCISE OVERSUBSCRIPTION OPTION OF ADDITIONAL 1.51% STAKE
Source text: ID:nNSEbnF3MZ
Further company coverage: ADAW.NS
(([email protected];;))
Jan 10 (Reuters) - Adani Wilmar Ltd ADAW.NS:
ADANI WILMAR LTD - INTENTION TO EXERCISE OVERSUBSCRIPTION OPTION
ADANI WILMAR - INTENTION TO EXERCISE OVERSUBSCRIPTION OPTION OF ADDITIONAL 1.51% STAKE
Source text: ID:nNSEbnF3MZ
Further company coverage: ADAW.NS
(([email protected];;))
Adani Wilmar Says Adani Commodities LLP To Sell Up To 175.5 Mln Shares
Jan 9 (Reuters) - Adani Wilmar Ltd ADAW.NS:
ADANI COMMODITIES LLP TO SELL UP TO 13.50% STAKE
ADANI COMMODITIES LLP TO SELL UP TO 175.5 MILLION SHARES
SALE REPRESENTS 13.50% OF TOTAL ISSUED EQUITY SHARE CAPITAL
Further company coverage: ADAW.NS
(([email protected];;))
Jan 9 (Reuters) - Adani Wilmar Ltd ADAW.NS:
ADANI COMMODITIES LLP TO SELL UP TO 13.50% STAKE
ADANI COMMODITIES LLP TO SELL UP TO 175.5 MILLION SHARES
SALE REPRESENTS 13.50% OF TOTAL ISSUED EQUITY SHARE CAPITAL
Further company coverage: ADAW.NS
(([email protected];;))
BREAKINGVIEWS-Adani’s consumer exit crystallises costs of crisis
The author is a Reuters Breakingviews columnist. The opinions expressed are her own.
By Shritama Bose
MUMBAI, Jan 6 (Reuters Breakingviews) - Gautam Adani is starting to move forward. The flagship firm of the Indian tycoon's infrastructure group laid out plans last week to exit a quarter century-old joint venture with Singaporean edible oil giant Wilmar International. The agreement offers clear benefits to the industrialist. It also hammers home the price he is paying for successive crises.
Adani Enterprises ADEL.NS will sell a 31% stake in Adani Wilmar ADAW.NS, the maker of India's largest cooking oil brand, to its partner for roughly $1.4 billion or less. That will leave the $15 billion Singaporean group with 75% of the Mumbai-listed company in a growing market for commodities Wilmar deals in, including rice, wheat flour and sugar.
There’s a caveat, though. Wilmar has bought itself a year to buy those shares and locked in a discount. Though the agreed ceiling price is only 7% less than the last close, Adani Wilmar was among the tycoon's stocks worst-hit in a short seller campaign in early 2023 and the shares of the company remain some 40% lower than before the attack.
That also buys time for the joint venture to look for new strategic partners. The regulator requires Adani Wilmar to raise its minimum public shareholding to at least 25% by February, up from 12% currently, and so Adani Enterprises will sell its remaining 13% stake to other investors.
The larger agreement with Wilmar helps because it offers prospective minority owners visibility on the ownership structure and valuation at a time when the Indian group's patriarch is facing U.S. charges of bribery, accusations he denies. Wilmar too will only increase its own stake in the venture once the freefloat hurdle is resolved.
Ultimately, Adani Enterprises' exit makes sense and will reinforce confidence in its ability to keep investing in its core infrastructure assets including renewable energy; lenders behind the wider group's $30 billion gross debt are still digesting the implications of the U.S. legal problems. These did not prompt Adani's decision to call time on the joint venture but it almost certainly cost it a better deal.
Follow @ShritamaBose on X
CONTEXT NEWS
India's Adani Enterprises said on Dec. 30 that it will exit its consumer goods joint venture with Singapore's Wilmar International in a two-part transaction.
Adani Enterprises will transfer a 31% stake in Adani Wilmar to its partner at a price not exceeding 305 rupees per share, the edible oil maker joint venture said in a stock exchange filing.
Singapore's Wilmar said its purchase of the stake will take place through call and put options exercisable only after twelve months from the date of the agreement. However, it added, the parties agreed to explore options to expedite the transaction once Adani Wilmar meets an unrelated regulatory requirement to increase its public shareholding.
To fulfil this obligation, Adani Enterprises and related entities first plan to sell their remaining 13% stake in Adani Wilmar to external shareholders.
Graphic: Singapore's Wilmar outperformed its venture with Adani https://reut.rs/3BPK7s3
(Editing by Una Galani and Aditya Srivastav)
((For previous columns by the author, Reuters customers can click on BOSE/
[email protected]))
The author is a Reuters Breakingviews columnist. The opinions expressed are her own.
By Shritama Bose
MUMBAI, Jan 6 (Reuters Breakingviews) - Gautam Adani is starting to move forward. The flagship firm of the Indian tycoon's infrastructure group laid out plans last week to exit a quarter century-old joint venture with Singaporean edible oil giant Wilmar International. The agreement offers clear benefits to the industrialist. It also hammers home the price he is paying for successive crises.
Adani Enterprises ADEL.NS will sell a 31% stake in Adani Wilmar ADAW.NS, the maker of India's largest cooking oil brand, to its partner for roughly $1.4 billion or less. That will leave the $15 billion Singaporean group with 75% of the Mumbai-listed company in a growing market for commodities Wilmar deals in, including rice, wheat flour and sugar.
There’s a caveat, though. Wilmar has bought itself a year to buy those shares and locked in a discount. Though the agreed ceiling price is only 7% less than the last close, Adani Wilmar was among the tycoon's stocks worst-hit in a short seller campaign in early 2023 and the shares of the company remain some 40% lower than before the attack.
That also buys time for the joint venture to look for new strategic partners. The regulator requires Adani Wilmar to raise its minimum public shareholding to at least 25% by February, up from 12% currently, and so Adani Enterprises will sell its remaining 13% stake to other investors.
The larger agreement with Wilmar helps because it offers prospective minority owners visibility on the ownership structure and valuation at a time when the Indian group's patriarch is facing U.S. charges of bribery, accusations he denies. Wilmar too will only increase its own stake in the venture once the freefloat hurdle is resolved.
Ultimately, Adani Enterprises' exit makes sense and will reinforce confidence in its ability to keep investing in its core infrastructure assets including renewable energy; lenders behind the wider group's $30 billion gross debt are still digesting the implications of the U.S. legal problems. These did not prompt Adani's decision to call time on the joint venture but it almost certainly cost it a better deal.
Follow @ShritamaBose on X
CONTEXT NEWS
India's Adani Enterprises said on Dec. 30 that it will exit its consumer goods joint venture with Singapore's Wilmar International in a two-part transaction.
Adani Enterprises will transfer a 31% stake in Adani Wilmar to its partner at a price not exceeding 305 rupees per share, the edible oil maker joint venture said in a stock exchange filing.
Singapore's Wilmar said its purchase of the stake will take place through call and put options exercisable only after twelve months from the date of the agreement. However, it added, the parties agreed to explore options to expedite the transaction once Adani Wilmar meets an unrelated regulatory requirement to increase its public shareholding.
To fulfil this obligation, Adani Enterprises and related entities first plan to sell their remaining 13% stake in Adani Wilmar to external shareholders.
Graphic: Singapore's Wilmar outperformed its venture with Adani https://reut.rs/3BPK7s3
(Editing by Una Galani and Aditya Srivastav)
((For previous columns by the author, Reuters customers can click on BOSE/
[email protected]))
India's Adani Wilmar falls on Adani group's plan to offload stake
Dec 31 (Reuters) - India's Adani Wilmar ADAW.NS fell over 6% in early trade on Tuesday, a day after the Adani Group said it would sell its entire 44% stake in the consumer goods company in a $2 billion deal to focus on strengthening its infrastructure businesses.
The group will sell a 31% stake in Adani Wilmar to its joint venture partner, Singapore's Wilmar International WLIL.SI, at a maximum of 305 rupees per share, which is a 7.2% discount to the stock's closing price on Monday.
Adani Wilmar's shares dropped 6.4% to 307.10 rupees in early trading.
The Adani group will sell the remaining 13% stake in the edible oil maker in the open market, it said.
(Reporting by Ashna Teresa Britto; Editing by Savio D'Souza)
(([email protected];))
Dec 31 (Reuters) - India's Adani Wilmar ADAW.NS fell over 6% in early trade on Tuesday, a day after the Adani Group said it would sell its entire 44% stake in the consumer goods company in a $2 billion deal to focus on strengthening its infrastructure businesses.
The group will sell a 31% stake in Adani Wilmar to its joint venture partner, Singapore's Wilmar International WLIL.SI, at a maximum of 305 rupees per share, which is a 7.2% discount to the stock's closing price on Monday.
Adani Wilmar's shares dropped 6.4% to 307.10 rupees in early trading.
The Adani group will sell the remaining 13% stake in the edible oil maker in the open market, it said.
(Reporting by Ashna Teresa Britto; Editing by Savio D'Souza)
(([email protected];))
Adani Enterprises To Exit Adani Wilmar JV, Signs Agreement With Wilmar International
Dec 30 (Reuters) - Adani Enterprises Ltd ADEL.NS:
ADANI ENTERPRISES LTD - AEL TO EXIT ADANI WILMAR JV SIGNS AGREEMENT WITH WILMAR INTERNATIONAL
ADANI ENTERPRISES LTD - AEL WILL SELL 13% IN ADANI WILMAR LTD TO ACHIEVE MINIMUM PUBLIC SHAREHOLDING
ADANI ENTERPRISES LTD - AEL WOULD COMPLETELY EXIT ITS 44% HOLDING IN ADANI WILMAR
ADANI ENTERPRISES - PROCEEDS FROM SALE WILL BE UTILIZED FOR TURBOCHARGING GROWTH IN CORE INFRASTRUCTURE PLATFORMS
ADANI ENTERPRISES- WILMAR INTERNATIONAL AGREED TO ACQUIRE ABOUT 31% HELD BY AEL IN ADANI WILMAR
Source text: ID:nBSE3lbTX9
Further company coverage: ADEL.NS
(([email protected];))
Dec 30 (Reuters) - Adani Enterprises Ltd ADEL.NS:
ADANI ENTERPRISES LTD - AEL TO EXIT ADANI WILMAR JV SIGNS AGREEMENT WITH WILMAR INTERNATIONAL
ADANI ENTERPRISES LTD - AEL WILL SELL 13% IN ADANI WILMAR LTD TO ACHIEVE MINIMUM PUBLIC SHAREHOLDING
ADANI ENTERPRISES LTD - AEL WOULD COMPLETELY EXIT ITS 44% HOLDING IN ADANI WILMAR
ADANI ENTERPRISES - PROCEEDS FROM SALE WILL BE UTILIZED FOR TURBOCHARGING GROWTH IN CORE INFRASTRUCTURE PLATFORMS
ADANI ENTERPRISES- WILMAR INTERNATIONAL AGREED TO ACQUIRE ABOUT 31% HELD BY AEL IN ADANI WILMAR
Source text: ID:nBSE3lbTX9
Further company coverage: ADEL.NS
(([email protected];))
Adani Wilmar Names Shrikant Kanhere As Deputy CEO
Dec 6 (Reuters) - Adani Wilmar Ltd ADAW.NS:
ADANI WILMAR LTD - NAMES SHRIKANT KANHERE AS DEPUTY CEO
ADANI WILMAR LTD - SHRIKANT KANHERE TO CONTINUE AS CFO
Source text: ID:nBSE2Df0YH
Further company coverage: ADAW.NS
(([email protected];))
Dec 6 (Reuters) - Adani Wilmar Ltd ADAW.NS:
ADANI WILMAR LTD - NAMES SHRIKANT KANHERE AS DEPUTY CEO
ADANI WILMAR LTD - SHRIKANT KANHERE TO CONTINUE AS CFO
Source text: ID:nBSE2Df0YH
Further company coverage: ADAW.NS
(([email protected];))
Adani Group entities seek settlement with India markets regulator over public shareholding violations, Economic Times reports
Dec 3 (Reuters) - Several entities linked to the Adani Group have approached the India markets regulator to seek a settlement in a case that accuses them of violating public shareholding regulations through improper practices at four of the conglomerate's listed companies, the Economic Times reported on Tuesday.
Adani Group did not immediately respond to Reuters inquiry, seeking comments.
(Reporting by Anuran Sadhu in Bengaluru; Editing by Savio D'Souza)
(([email protected]; +91 8697274436;))
Dec 3 (Reuters) - Several entities linked to the Adani Group have approached the India markets regulator to seek a settlement in a case that accuses them of violating public shareholding regulations through improper practices at four of the conglomerate's listed companies, the Economic Times reported on Tuesday.
Adani Group did not immediately respond to Reuters inquiry, seeking comments.
(Reporting by Anuran Sadhu in Bengaluru; Editing by Savio D'Souza)
(([email protected]; +91 8697274436;))
India's parliament suspended after disruptions over Adani allegations, other issues
NEW DELHI, Dec 2 (Reuters) - Both houses of Indian parliament were suspended on Monday after disruptions by opposition groups demanding a discussion on bribery allegations against the Adani Group and communal tensions in a northern town.
Parliament was similarly adjourned for all of last week as opposition parties, led by the main opposition Congress, demanded a discussion on the indictment of Adani chair Gautam Adani by U.S. authorities.
(Reporting by Sakshi Dayal; Editing by YP Rajesh)
(([email protected];))
NEW DELHI, Dec 2 (Reuters) - Both houses of Indian parliament were suspended on Monday after disruptions by opposition groups demanding a discussion on bribery allegations against the Adani Group and communal tensions in a northern town.
Parliament was similarly adjourned for all of last week as opposition parties, led by the main opposition Congress, demanded a discussion on the indictment of Adani chair Gautam Adani by U.S. authorities.
(Reporting by Sakshi Dayal; Editing by YP Rajesh)
(([email protected];))
India's lower house of parliament suspended temporarily over Adani allegations
NEW DELHI, Nov 29 (Reuters) - The lower house of India's parliament was suspended temporarily on Friday for a fourth day in a row this week following disruptions as opposition lawmakers sought a discussion on the allegations against Adani Group.
U.S. authorities last week accused Group Chairman Gautam Adani and seven others from the company of being part of a $265 million scheme to bribe Indian officials, and of misleading U.S. investors while raising funds there.
The ports-to-power conglomerate has termed the allegations "baseless" and said it would seek "all possible legal recourse".
(Reporting by Sakshi Dayal; Editing by Kim Coghill)
(([email protected];))
NEW DELHI, Nov 29 (Reuters) - The lower house of India's parliament was suspended temporarily on Friday for a fourth day in a row this week following disruptions as opposition lawmakers sought a discussion on the allegations against Adani Group.
U.S. authorities last week accused Group Chairman Gautam Adani and seven others from the company of being part of a $265 million scheme to bribe Indian officials, and of misleading U.S. investors while raising funds there.
The ports-to-power conglomerate has termed the allegations "baseless" and said it would seek "all possible legal recourse".
(Reporting by Sakshi Dayal; Editing by Kim Coghill)
(([email protected];))
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What does AWL Agri Business do?
Adani Wilmar Limited is a leading FMCG food company in India, offering a wide range of kitchen essentials like edible oil, wheat flours, rice, pulses, and sugar. They also provide branded health and convenience products, focusing on safe, nutritious, and quality food for consumers.
Who are the competitors of AWL Agri Business?
AWL Agri Business major competitors are Manorama Industries, Gokul Agro Resources, CIAN Agro Industries, Sundrop Brands, Patanjali Foods, BCL Industries, Modi Naturals. Market Cap of AWL Agri Business is ₹25,981 Crs. While the median market cap of its peers are ₹4,504 Crs.
Is AWL Agri Business financially stable compared to its competitors?
AWL Agri Business seems to be less financially stable compared to its competitors. Altman Z score of AWL Agri Business is 5.05 and is ranked 5 out of its 8 competitors.
Does AWL Agri Business pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. AWL Agri Business latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has AWL Agri Business allocated its funds?
Companies resources are allocated to majorly unproductive assets like Inventory
How strong is AWL Agri Business balance sheet?
Balance sheet of AWL Agri Business is strong. But short term working capital might become an issue for this company.
Is the profitablity of AWL Agri Business improving?
The profit is oscillating. The profit of AWL Agri Business is ₹990 Crs for TTM, ₹1,225 Crs for Mar 2025 and ₹148 Crs for Mar 2024.
Is the debt of AWL Agri Business increasing or decreasing?
Yes, The net debt of AWL Agri Business is increasing. Latest net debt of AWL Agri Business is -₹901.14 Crs as of Mar-26. This is greater than Mar-25 when it was -₹2,938.43 Crs.
Is AWL Agri Business stock expensive?
AWL Agri Business is not expensive. Latest PE of AWL Agri Business is 24.93, while 3 year average PE is 127. Also latest EV/EBITDA of AWL Agri Business is 11.77 while 3yr average is 29.99.
Has the share price of AWL Agri Business grown faster than its competition?
AWL Agri Business has given lower returns compared to its competitors. AWL Agri Business has grown at ~-23.36% over the last 4yrs while peers have grown at a median rate of 18.26%
Is the promoter bullish about AWL Agri Business?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in AWL Agri Business is 56.94% and last quarter promoter holding is 56.94%.
Are mutual funds buying/selling AWL Agri Business?
The mutual fund holding of AWL Agri Business is decreasing. The current mutual fund holding in AWL Agri Business is 8.17% while previous quarter holding is 9.01%.