Adani Wilmar s total income also declined to Rs 12,994.18 crore in Q1 FY24 as against Rs 14,776.39 crore in Q1 FY23, as per the BSE filing. However, its total expenses reduced to Rs 13,061.86 crore in Q1 FY24 as against the total expenses of Rs 14,516.13 crore in Q1 FY23.
The profitability took a hit mainly due to a fall in edible oil prices, which led to high-cost inventory, surging interest expenses, and TRQ disparity.