Adani Wilmar, a joint venture between Adani Group and Singapore's Wilmar Group, said revenue from the edible oil business, its largest, climbed nearly 4% on the festive and wedding demand.
Fortune brand-owner Adani Wilmar on Wednesday reported a 16% increase in quarterly profit on higher demand for its cooking oil and packaged foods and said U.S. short-seller Hindenburg Research s. | February 8, 2023
Adani Wilmar share price today: Adani Wilmar stock slipped up to 2.26 per cent to Rs 667.05 in the afternoon session today amid highly volatile broader market.
Shares of Adani Wilmar plunged nearly 3 per cent in afternoon session today after the Adani Group firm reported a 73 percent fall in net profit for the quarter ended September. Net profit slipped to Rs 49 crore against Rs 182 crore profit in the second quarter of the previous fiscal. However, revenue rose 5% to Rs 14,209 crore in Q2 against Rs 13,584 crore in the September quarter of the previous fiscal.