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

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.

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