In early morning trade on Monday, stocks of Adani Wilmar increased by 4.38 percent to Rs 347.90 a share on the BSE. Following the FMCG company’s release of its business update for the first quarter of the fiscal year 2024–25 (Q1FY25) on Friday, the stock price went up.
In Q1FY25, the company’s volume increased by 13% year on year (Y-o-Y), driven by market-specific efforts in each category aimed at gaining market share.
“The company is actively pursuing substantial opportunities by executing strong sales and distribution strategies in general trade. Moreover, our alternate channels (e-com, Quick Commerce, MT) maintained their momentum with a 19 per cent Y-o-Y volume growth in Q1. The volume of our branded exports increased by 36 per cent Y-o-Y in Q1,” the company stated in its Q1 business update.
As of 11:09 am, Adani Wilmar shares were trading 1.98% higher at ₹339.50.
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