Shares of rice stocks like KRBL, LT Foods, Kohinoor Foods, and others rallied up to 15% on BSE today after the government removed the minimum export price (MEP) of $950 per tonne for basmati rice on Friday. Kohinoor Foods shares skyrocketed by 15% to a day’s high of Rs 44.85, while KRBL surged 6.6% to … Read more
Adani Wilmar on Friday said it achieved volume growth of 13% year-on-year in the first quarter, driven by market-specific strategies in each category, aimed at gaining market share, especially in under-indexed markets. With a robust product portfolio, the company also said it is actively pursuing substantial opportunities by executing strong sales and distribution strategies in … Read more
Angshu Mallick, MD & CEO, Adani Wilmar, says going forward, as the new mustard season has just started, the new meal, oil meal, rapeseed oil meal will be available now for exports. So, the Q1 of FY25 should be better. Overall, the edible oil has been growing. This year has grown at 10%, which is … Read more
Adani group’s FMCG arm Adani Wilmar on Wednesday reported an 18% year-on-year (YoY) drop in its December quarter profit at Rs 200.9 crore as against Rs 246.1 crore in the year-ago quarter. The company had reported a loss of Rs 130.7 crore in the September quarter of FY24. Its revenue declined by 17% YoY to … Read more
