Adani Wilmar Q4 earnings: Nuvama estimates Adani Wilmar profit at Rs 217.60 crore against Rs 93.60 crore in the same quarter last year. The Adani firm reported a profit of Rs 200.90 crore, down 18 per cent YoY, in the December quarter.
Revenue from operations, however, fell 3 percent to Rs 12,703.64 crore from Rs 13,121.89 crore in the same quarter last fiscal over a significant decline in the export business of oil meals.
Adani Wilmar has been doing well over the years in terms of market share across categories but there is a near-term risk from local players, Nuvama said.
Adani Enterprises and Adani Ports & Special Economic Zone cracked around 7%., while Adani Power, Adani Wilmar, ACC, Ambuja Cements, and New Delhi Television shed up to 5%. The fall in the group stocks was amid weakness in the overall market.