With a robust product portfolio, the company also said it is actively pursuing substantial opportunities by executing strong sales and distribution strategies in general trade.
Moreover, the company’s alternate channels like e-commerce, quick commerce and MT maintained their momentum with 19% year-on-year volume growth in Q1. The volume of its branded exports increased by 36% year-on-year in the June quarter.
The company has achieved a total sales value of 11% year-on-year in the first quarter ended June 2024.
Segment-wise, Adani Wilmar said the edible oil business thrived due to robust execution in sales and distribution, bolstered by the ongoing efforts to improve retail penetration. This came despite the challenges in the industry during the quarter, including decreased out-of-home consumption and seasonal dips in summer demand.The edible oils volume for the quarter increased 13% year-on-year, while the sales value for the segment jumped 10% year-on-year.More to come….
Content Source: economictimes.indiatimes.com