Adani Wilmar shares jump over 6% as Adani Enterprises to demerge food FMCG biz

August 2, 2024

Adani Wilmar’s shares rose 6.4% after Adani Enterprises announced the demerger of its food FMCG business. The company posted a consolidated net profit of Rs 313.2 crore for Q1 2024, contrasting a loss the previous year. Revenue increased by 9.6% year-on-year, with notable growth in the Edible Oils and Food & FMCG segments.

More To Explore

Rupee hits record low of 87.35 vs USD on rate cut expectations

The Indian rupee weakened to a historic low of 87.35 against the U.S. dollar, influenced by expectations of an impending rate cut by the Reserve

February 5, 2025

Titan’s CV Venkataraman optimistic that Budget will boost consumer spending in urban markets

The customs duty had about 550 crore estimated impact when the announcements came in July and it is by and large played out to that

February 5, 2025

Advertiser Disclosure

Great-investor.com helps users across the globe to find out The latest news, Guides, and Info about finance and investments. Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data.

Disclaimer

It is our organization’s primary mission to provide reviews, commentary, and analysis that are unbiased and objective. While great-investor.com has some data verified by industry participants, it can vary from time to time. Operating as an online business, this site may be compensated through third party advertisers. Our receipt of such compensation shall not be construed as an endorsement or recommendation by great-investor.com, nor shall it bias our reviews, analysis, and opinions. Please see our General Disclaimers for more information

Top10 International FZ LLE | 17th Floor, Creative Tower | 4422 | Fujairah | TRN: 100608946800003