Stock to watch: Adani Wilmar shares in focus as company reports 16% YoY revenue growth in Q2
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Shares of Adani Wilmar are likely to remain in focus on Monday as the company posted a double-digit revenue growth of 16% year-on-year in Q2FY25 driven by strong execution in both edible oils and food business. The company informed exchanges about the development in its quarterly updates on Friday after market hours. Adani Wilmar said that it is seeing growth in the food business across various categories and regions throughout the country and its broader portfolio of oils and food products, combined with increased throughput, is now providing the company with a scale advantage in distribution. The company reached over 36K rural towns directly by the end of September 2024, continuing expansion of its distribution network. This marks a substantial progress from just over 5K towns in March 2022, the company filing claimed. Its goal is to reach 50K+ rural towns by the end of FY2025 and drive the penetration of outlets and volume off-take in ...