India s Adani Wilmar swung to a loss for a second consecutive quarter on Wednesday, as lower edible oil prices continued to offset steady demand, pulling down the value of its sales. .
BENGALURU - India s Adani Wilmar Ltd swung to a loss in the first quarter on Wednesday as a steep decline in edible oil prices dragged down its sales value, offsetting high demand.
Edible oil prices have fallen by more than 50 per cent in less than a year, which along with higher material costs in April, resulted in pressured profitability during the quarter, , adani wilmar
India s Adani Wilmar Ltd reported a 60% slump in fourth-quarter profit on Wednesday, as lower product prices and sluggish demand from some customers dragged down overall sales in its mainstay. | May 3, 2023