Latest news with #AdaniWilmar
Time of India
a day ago
- Business
- Time of India
Price of Gobindobhog rice doubles amid low supply & rising demand from South India, Middle East
Geographical Indication tagged Gobindobhog rice prices have doubled due to a demand-supply mismatch, surging from Rs 90 to Rs 180 per kg. Increased demand from South India and the Middle East, coupled with a 40% drop in last year's Kharif crop yield, has fueled the price hike. Prices of other rice varieties like Sona Masoori are also rising. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The price of Geographical Indication tagged Gobindobhog rice has doubled at the retail end in the last seven months as there has been a demand-supply mismatch . Demand has shot up from southern parts of the country and the Middle East, while there is a shortage in last year's Kharif crop A kg of Gobindobhog rice has surged from Rs 90 in January to Rs 180 in July. This aromatic rice is only grown in West Bengal but is also a favourite in the South for making biriyani termed as Jeerakasala rice. In fact, Gobindobhog rice prices have even surpassed basmati rice which is hovering between Rs 120-140 per kg at the retail Mallick, managing director of AWL Agri Business (formerly Adani Wilmar), said Gobindobhog crop yield has been very low this year (Kharif 2024) which started arriving from December. 'The new crop is expected to come this December and till then price fall is unlikely,' he to trade sources, Gobindobhog rice yield volume is down by almost 40% in 2024-25 compared to the previous fiscal. In FY24, Bengal had produced 4.34 lakh tonnes of this Agarwal, CEO of RiceVilla, a rice marketing and exporting company, said South India prefers biryani with old Gobindobhog as the flavour of the rice makes it more delectable.'Since last year's stock is less, the buyers from South and also from Saudi Arabia, Dubai, Qatar are buying heavily to create an inventory. The new crop, which will come in December, will not be suitable for biryani. Also Bengali diaspora across the globe buy this rice,' he Molla, managing director of Kojagari Industries, a miller and exporter from Burdwan district of West Bengal, said prices may fall by 10-15% when the new rice the Gobindobhog rice is on fire, prices of other rice varieties like Sona Masoori have started rising as the Bangladesh government has announced that it will buy rice from private parties to meet its domestic demand.'Rice exporters from Bengal, Uttar Pradesh and the South are aggregating their stocks close to the ports or at Petrapole (India-Bangladesh land border) to ship the rice once the tenders are floated by the Bangladesh government. It is being said that the neighbouring nation is likely to buy 9 million tonnes of rice this year,' Agarwal added.
Time of India
18-07-2025
- Business
- Time of India
Shajaeatan leads Rs 3,050cr stake buy in AWL Agri; Global funds join in
Mumbai: Dubai-based Shajaeatan Investment FZCO led the buying in AWL Agri Business (formerly Adani Wilmar ) on Friday, acquiring 8.52% for ₹3,050 crore. Other buyers included Quant Mutual Fund , IDFC MF, Bandhan MF, Jupiter Fund Management, Morgan Stanley Asia Singapore, Susquehanna International, Franklin Templeton, Vanguard, and Singapore's Duro Capital. Adani Commodities LLP, a subsidiary of Adani Enterprises , sold approximately 10% stake - 13.54 crore shares - for ₹3,732 crore via block deals at ₹275.5 apiece, marking its complete exit from the FMCG firm . Explore courses from Top Institutes in Select a Course Category Technology Data Science Management Public Policy Others Data Analytics Degree Design Thinking Project Management Healthcare MBA Product Management MCA healthcare PGDM Cybersecurity Digital Marketing Operations Management Data Science CXO Finance Leadership others Artificial Intelligence Skills you'll gain: Duration: 12 Weeks MIT xPRO CERT-MIT XPRO Building AI Prod India Starts on undefined Get Details The divestment is part of Adani's shift toward infrastructure. AWL posted a FY25 net profit of ₹1,225.81 crore on revenue of ₹63,910 crore.
Economic Times
18-07-2025
- Business
- Economic Times
Adani completely exits Fortune oil-maker AWL, sells remaining stake in Rs 3,733 crore block deal
Adani Group has fully divested from AWL Agri Business, formerly Adani Wilmar, by selling its remaining 10.42% stake to investors from the US, UK, Middle East, and India. The block trade occurred at Rs 275.5 per share. This follows Adani Enterprises' prior sale of a 20% stake to Wilmar International for Rs 7,150 crore. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The conglomerate Adani Group on Friday completely exited Fortune oil producer AWL Agri Business , earlier known as Adani Wilmar, by selling the remaining 10.42% stake to a clutch of investors from the US, UK, Middle East, and India, according to people aware of the block trade was executed at a share price of Rs 275.5 per share, in which buyers were said to be marquee investors from the US, UK, Middle East, and India. AWL Agri Business shares were trading at Rs 277.30 in the morning session on Enterprises had yesterday announced selling a 20% stake to Singapore's Wilmar International , its joint venture partner in the business, in a Rs 7,150 crore Commodities Ltd (ACL), a wholly-owned subsidiary of Adani Enterprises Ltd, has now raised about Rs 10,900 crore in two days of stake sale Adani Group plans to use proceeds from the sale to turbocharge its investments in the core infrastructure platforms in airports, roads, green hydrogen, PVC, and in January this year, Adani had sold a 13.5% stake in an Offer for Sale (OFS) at Rs 275 per share in a Rs 4,850 crore International will replace Adani as a majority shareholder in AWL Agri Business Limited, with a 64% Q1 revenue rose 21% year-on-year (YoY) to Rs 17,059 crore, but overall volumes recorded an overall decline of 5% YoY, primarily influenced by the consolidation of its regional rice operations and muted consumer demand."The Company experienced a challenging quarter due to a convergence of headwinds - muted consumer demand, strategic consolidation of regional rice operations, one-off G2G rice business in the base year, and fluctuations in edible oil prices," the company had said reduction in customs duty on crude edible oils is expected to positively impact domestic refiners by boosting sales and curbing refined oil imports from both SAARC nations and edible oil producing countries, it had said.
Business Upturn
17-07-2025
- Business
- Business Upturn
AWL Agri gains 6% after Nuvama retains ‘Buy' rating despite weak Q1 margins
By Arunika Jain Published on July 17, 2025, 11:07 IST Shares of AWL Agri Business Limited (formerly Adani Wilmar) rose nearly 6% to ₹278.05 as of 11:06am on Wednesday, after Nuvama Institutional Equities retained its 'Buy' rating on the stock with a target price of ₹397, implying a potential upside of 51%. Nuvama's optimism stems from the company's robust 20% YoY revenue growth in Q1FY26, largely driven by higher realisations in the Edible Oil segment. However, the earnings report also revealed a sharp 41% YoY decline in EBITDA due to persistently high input costs. A commodity derivative gain of ₹150 crore helped cushion the margin hit. Despite the topline performance, volumes slipped 5% YoY as rice and palm oil segments underperformed. Gross margin contracted 340 basis points to 9.4%, while EBITDA margin narrowed 222 bps YoY to 2.1%. 'In light of a weak Q1, we are cutting our FY26 and FY27 EBITDA estimates by 6.8% and 5.3%, respectively,' Nuvama noted in its report. The stock witnessed strong trading activity with over 16.5 crore shares exchanged and the day's high touching ₹283.70. AWL Agri's market cap currently stands at approximately ₹34,214 crore. Disclaimer: Views expressed are from the brokerage report cited and do not constitute investment advice. Ahmedabad Plane Crash Arunika Jain, a graduate in Mass Communication, brings a fresh perspective to the world of journalism. Arunika has a passion for writing finance and corporate news at You can write to her at [email protected]
Business Standard
15-07-2025
- Business
- Business Standard
Adani Wilmar slides as Q1 PAT slumps 24% YoY to Rs 238 cr
Adani Wilmar slipped 1.38% to Rs 264.25 after the company's consolidated net profit tanked 24.02% to Rs 237.95 crore in Q1 FY26 as against Rs 313.20 crore posted in Q1 FY25. However, revenue from operations jumped 20.52% YoY to Rs 17,058.65 crore in the quarter ended 30 June 2025, marking the companys highest-ever Q1 revenue. Profit before tax was at Rs 310.60 crore in Q1 FY26, down 25.72% as against Rs 418.17 crore in Q1 FY25. In Q1FY26, operating EBITDA stood at Rs 519 crore. On an LTM basis, the company delivered an operating EBITDA of Rs 2,384 crore. The company faced a challenging quarter, impacted by a combination of headwinds, including subdued consumer demand, the strategic consolidation of regional rice operations, the absence of a one-off G2G rice order from the base quarter, and fluctuations in edible oil prices. These factors led to a 5% year-on-year decline in overall volumes in Q1 FY26, with the rice segment being the primary drag. However, core categories showed healthy volume growth, and revenue increased by 21% YoY, driven by higher realizations in the edible oil segment. In Q1 FY26, revenue from edible oils rose 26% YoY to Rs 13,415 crore, despite a 4% YoY decline in volumes to 0.96 million tonnes. Excluding palm oil, branded volumes grew in the low single digits, driven by sustained strong performance in mustard oil. Volatility in crude edible oil prices, driven by reduced customs duties, global geopolitical tensions, and a higher biodiesel mandate in the U.S., led to trade destocking during the quarter. In Q1, the Food & FMCG segment reported revenue of Rs 1,414 crore, reflecting an 8% YoY decline, primarily due to the consolidation of the non-basmati rice business, the absence of a one-off G2G rice order in the base year, and lower rice exports. In the wheat flour category, volumes were impacted by subdued consumer demand, higher brand premiums, and increased local competition. Other food categories continued to register robust growth, with pulses & besan, soya nuggets, sugar, and poha all sustaining high-teen percentage increases in volume. The company expects these categories to maintain strong momentum, supported by rising demand from quick-commerce channels and an expanding outlet reach. The Industry Essentials segment saw a volume growth of around 6% YoY, driven by strong performance in the de-oiled cake business. Meanwhile, volumes in oleochemicals and castor oil & derivatives remained largely flat in Q1, primarily due to near full utilization of capacity. The Industry Essentials segment crossed the Rs 2,000 crore quarterly revenue milestone in Q1, recording Rs 2,230 crore, up 12% YoY. In castor oil, the company retained its position as Indias highest exporter and continued to expand into newer markets. The segment also delivered strong profits, with a PBT of Rs 100 crore, marking the highest profit in the last 12 quarters. On the distribution front, direct retail reach grew 18% YoY to 8.7 lakh outlets, with rural town coverage expanding to around 55,000representing a tenfold increase since FY22. Having surpassed the target of 50,000 rural towns, the focus is now on driving higher throughput from newly added towns and outlets. Alternate channels generated over Rs 3,900 crore in revenue on an LTM basis as of June 2025, driven by strong volume growth in quick commerce, which saw a 75% increase in Q1. This growth reflects continued improvements in assortment, availability, and promotional strategies. Angshu Mallick, MD & CEO, AWL Agri Business, said, the company witnessed a temporary volume decline, primarily influenced by the consolidation of its regional rice operations and muted consumer demand. Encouragingly, the core categories delivered healthy volume growth, and revenue rose 21% YoY, driven by higher edible oil realizations. We also delivered healthy profits in LTM Jun 25 with operating EBITDA of Rs 2,384 crores and PAT of Rs 1,151 crores, nearing our highest-ever rolling 12-months profits, despite the headwind of custom duty cuts on edible oils. Our focus on improving the profitability in the Food & FMCG segment has led to highest-ever PBT of 75 crores in Q1, with PBT margin of 5.3%. The reduction in customs duty on crude edible oils is expected to positively impact domestic refiners by boosting sales and curbing refined oil imports from both SAARC nations and edible oil producing countries. Additionally, the normalization of palm oil prices is likely to support volume growth in the coming quarters. In the rice business, we delivered a strong turnaround in Q1, achieving double-digit volume growth in our Basmati business along with improved overall profitability in the rice portfolio. With the resiliency of our core business and large opportunity, we expect to continue to benefit from the formalization of the Indian staple food industry. AWL Agri Business (formerly Adani Wilmar) is one of India's largest food and FMCG companies, offering a wide range of essential kitchen staples such as edible oils, wheat flour, rice, pulses, and sugar. Its flagship brand, Fortune, is trusted by over 123 million households, reaching one in three Indian families.
