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Adani Wilmar reported a 17.9% YoY revenue increase to INR 144,605 Mn for Q2FY25, driven by a 34.0% growth in the Food & FMCG segment. Despite a significant 294.1% YoY rise in EBITDA to INR 5,662 Mn, results fell short of estimates due to high operating expenses. The target price is revised to INR 373 per share, maintaining an 'ACCUMULATE' rating.
Adani Wilmar reported a consolidated profit of Rs 311.02 crore for the September 2024 quarter, rebounding from a loss of Rs 130.73 crore in the same period last year. Revenue from operations rose 18% to Rs 14,460.45 crore, while total income increased to Rs 14,565.30 crore. The company's EBITDA surged to Rs 566 crore, with a margin improvement to 3.9%.
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